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Nonprofit Organizations Market expected to reach $377.34 billion by 2029

(IT-NEWSWIRE.COM, June 29, 2024 ) As per Maximize Market Research, the Global Non profit Market has grown at 3.6% CAGR amounting for $276.72 billion by 2022 since 2015. Covid saw a 9% drop in market, but from 2021 to 2023 market saw CAGR of 5.3%. Market is expected to reach $345.32 billion by 2029 at a 4.53% CAGR. The market faces main challenge in strategic marketing and competition with numerous other agencies.



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“2022 Nonprofit Organizations Market Key Facts & Figures”



Globally there are 10 million non-profit organizations

Over 1.3 million 501© organizations are in US

About 10% of US workforce is employed in the sector with 5-10% contribution in economy

10% workforce in US amounts for about 11.9 million individuals. This is third largest employer after retail and manufacturing.

Fees for programmes, commodities, & services account for 48% of revenue for public charities.

The government contributes 33%.

Charitable donations account for 13% of the total.

Investments & other sources account for 6% of the total.

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Nonprofit Organizations Market Segmentation:



By Type:



Human Services

Groups

Education

Organizations

Health Care

Organizations

Environment and animals

Religion related



By Development Mode:



Cloud Infrastructure

Data and AI

Productivity Solutions (like Google Workspace, M365 etc.)



By Organization Size:



Large Enterprise

Small & Medium Enterprise



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Nonprofit Organizations Market Key Players:



Bill & Melinda Gates Foundation

Direct Relief

Médecins Sans Frontičres

AmeriCares

The American Red Cross

The Nature Conservancy

UNICEF USA

The Rotary Foundation

Feed the Children



Maximize Market Research is leading in Information Technology & Telecommunication research firm, has also published the following reports:



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About Maximize Market Research:



Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

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akash.r@maximizemarketresearch.com

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