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Community Sector – Market Overview

The community sector is a rapidly growing industry, driven by the increasing demand for social services, the growing global population, and the rising focus on social issues such as climate change and poverty. According to industry estimates, the global community sector is expected to reach $11.1 trillion by 2027, growing at a CAGR of 5.2% during 2020-2027. The North American region is the largest market for the community sector, accounting for around 40% of the global market share.

The community sector includes organizations and entities responsible for providing social services, such as healthcare, education, housing, and other services, to their communities. Examples of organizations in the community sector include non-profits, charities, social enterprises, volunteer groups, and cooperatives.

Community Sector in India

The Indian community sector is a rapidly growing industry, driven by the increasing demand for social services, the growing population, and the rising focus on social issues such as climate change and poverty. As per industry research, the Indian community sector is expected to reach $2.5 trillion by 2027, growing at a CAGR of 8.6% during 2020-2027.

How Can Businesses Leverage Growth?

Businesses can benefit from the growth of the community sector in India by providing services to communities in need. For example, companies can provide healthcare services, educational facilities, housing, etc., to the communities. They can take advantage of the growth of the community sector by taking part in initiatives aimed at providing more accessible and affordable services to the communities. 

Another way to benefit is by investing in the development of the communities and by providing employment opportunities to the people. Lastly, they can also benefit by forming partnerships with local organizations and governments to support the growth of the community sector.

Top two sectors in the community industry

Well! When we say community business, it includes many sectors ranging from farms, shops, pubs and call centers. What all community businesses have in common is that they serve a community and are accountable to generate profit. Here are the 2 most popular sectors that fall under community industry. 

 Health: Health related businesses such as clinics, therapy centres, rehabilitation centres, medical tourism etc. are a part of the community industry. While the Indian medical tourism sector is growing at a CAGR of 30%, the overall health sector has contributed a growth of 22.87% during 2017-2022.

 Education: Education is another leading sector under the community industry. According to industry estimates, the Indian education market reached $101.1 billion in 2020, growing at a CAGR of 7.5% during 2015-2020.

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