Civic Services Global Market Forecast To 2022

North America was the largest region in the global civic services market, accounting for 33% of the market in 2018. Asia Pacific was the second largest region accounting for 32% of the global civic services market. Africa was the smallest region in the global civic services market.

Crowdfunding is rapidly becoming one of the most popular modes for individuals and businesses to raise money for a cause, project, or event. It is a process of raising capital through a large number of independent investors primarily via crowdfunding platforms and social networking websites. Crowdfunding includes funds raised through donation websites, online charity auctions, and giving by text. According to Massolution crowdfunding report 2015, the global crowdfunding industry expanded by 167%, from USD 6.1 billion in 2013 to USD 16.2 billion in 2014 in terms of funds raised. The industry more than doubled in 2015, reaching USD 34.4 billion.

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