The corporate volunteering platform market size is projected to reach US$ 2083.47 million by 2031 from US$ 997.44 million in 2023. The market is expected to register a CAGR of 9.6% in 2023–2031. The rise in digitalization and benefits offered by the corporate volunteering platform are likely to remain key corporate volunteering platform market trends.
Corporate Volunteering Platform Market Analysis
The global corporate volunteering platform market is experiencing growth owing to factors such as the rise in digitalization and the increasing adoption of platforms and solutions to help companies facilitate and manage their volunteer programs. Through volunteering programs, employees can contribute positively to society by participating in volunteer activities that connect businesses and non-profit organizations. With the rise of corporate social responsibility, volunteer programs are gaining traction worldwide, which is leading to the adoption of corporate volunteering platforms for efficient volunteer management.
Corporate Volunteering Platform Market Overview
A corporate volunteering platform supports businesses in their charitable activities to motivate staff members to support local causes. Corporate volunteering platforms provide organizations with tools for organizing, managing, and administering volunteer initiatives. Companies can use volunteer management solutions to increase employee participation in mission-driven charities, programs, and events. Corporate volunteering solutions include internal dashboards for tracking progress, public-facing dashboards for communicating company impact, employee engagement and rewards management tools, and more.
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You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
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Corporate Volunteering Platform Market Drivers and Opportunities
Rising digitalization by the Market Players to Favor Market
There is a rise in the adoption of digital technologies as they help businesses fuel the overall efficiency of their business operations, minimize operational costs, and reduce human errors. It helps businesses to increase productivity and higher ROI. In addition, government authorities are also focused on bringing digitalization. The US’s Digital Government Strategy, Digital India, and Germany’s Digital Strategy 2025 are some of the government initiatives that foster the adoption of digitalization by several market players across several industries to improve operational efficiencies. Thus, the rise in digitalization leads to the adoption of software and solutions to efficiently manage volunteering programs in the corporate sector.
Shift towards AI – An Opportunity in the Corporate Volunteering Platform Market
The adoption of AI technology helps businesses to minimize the time taken to perform tasks. Its predictive analytics features enable businesses to make efficient decision that helps them to foster their business growth. Therefore, there is a growing adoption of AI by businesses due to its benefits. For instance, according to Our World in Data, the yearly global corporate investment in artificial intelligence was US$ 153.63 billion in 2020, which increased to US$ 175.54 billion in 2022. AI in the corporate volunteering platform can help to greater efficiency, personalization, and impact. AI, with its predictive analytics capabilities, can analyze a volunteer's skills, preferences, and availability to automatically recommend the best volunteer opportunities. This not only saves time but also ensures that volunteers are placed in roles where they can have the greatest impact. AI-powered chatbots and virtual assistants can substantially reduce the administrative burden for corporate volunteer teams. These AI tools can automate many mundane tasks, such as answering frequently asked questions (FAQs) and assisting with scheduling or tracking hours, allowing teams to focus on strategic planning and relationship building.
Corporate Volunteering Platform Market Report Segmentation Analysis
Key segments that contributed to the derivation of the corporate volunteering platform market analysis are deployment type and enterprise size.
- Based on deployment type, the market is segmented into cloud and on-premise. The cloud segment held a larger market share in 2023.
- By enterprise size, the market is segmented into SMEs and large enterprises. The large enterprises segment held the largest share of the market in 2023.
Corporate Volunteering Platform Market Share Analysis by Geography
The geographic scope of the corporate volunteering platform market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest corporate volunteering platform market share in 2023. Asia Pacific region is expected to grow with the highest CAGR during the forecast period. The North American region is an early adopter of technologically advanced software and solutions, which is considered one of the driving factors for the corporate volunteering platform market. The region homes majority of the corporate volunteering platform players, which fuels the region’s share in the market.
Corporate Volunteering Platform Market Regional Insights
The regional trends and factors influencing the Corporate Volunteering Platform Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Corporate Volunteering Platform Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Corporate Volunteering Platform Market
Corporate Volunteering Platform Market Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 997.44 Million |
Market Size by 2031 | US$ 2083.47 Million |
Global CAGR (2023 - 2031) | 9.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Deployment Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Corporate Volunteering Platform Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Corporate Volunteering Platform Market are:
- Alaya SA
- Benevity, Inc.
- Bright Funds, Inc.
- Maximus Life LLC
- Neighbourly Limited
- Blackbaud, Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Corporate Volunteering Platform Market top key players overview
Corporate Volunteering Platform Market News and Recent Developments
The Corporate Volunteering Platform Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In March 2024, the first Global Volunteering Summit '24 on March 27th and 28th marked the launch of groundbreaking initiatives to revolutionize corporate-led volunteering and employee engagement. Organized by Goodera, the leading volunteering management platform and co-created by a community of social impact practitioners, the summit brought together leading minds in corporate leadership. The Global Volunteering Summit served as a platform for social impact executives from over 100 renowned organizations to connect with peers, deepen their understanding of volunteering's impact, and explore the vital role of technology in social innovation through volunteering. (Source: Goodera, Press Release, 2024)
Corporate Volunteering Platform Market Report Coverage and Deliverables
The “Corporate Volunteering Platform Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment Type and Enterprise Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The incremental growth expected to be recorded for the global corporate volunteering platform market during the forecast period is US$ 1086.03 million.
The global corporate volunteering platform market is expected to reach US$ 2083.47 million by 2031.
The key players holding majority shares in the global corporate volunteering platform market are Alaya SA; Benevity, Inc.; Bright Funds, Inc.; Maximus Life LLC; and Goodera.
Rising CSR activities are anticipated to play a significant role in the global corporate volunteering platform market in the coming years.
The rise in digitalization and benefits offered by the corporate volunteering platform are the major factors that propel the global corporate volunteering platform market.
The global corporate volunteering platform market was estimated to be US$ 997.44 million in 2023 and is expected to grow at a CAGR of 9.6% during the forecast period 2023 - 2031.