The Business Research Company Child and Youth Services Global Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, Jan. 14, 2022 /EINPresswire.com/ — The child and youth services market includes revenue from child and youth services and related assets by entities (organizations, sole proprietorships and partnerships) that provide non-residential social care services for children and young people.
The benefits of community programs for children and youth have contributed positively to the growth of the child and youth services market. According to youth.gov, young people surrounded by a variety of opportunities engage in less risky behaviors as adults. One study indicated that youth involved in the 4-H Youth Development Program for the first five years were at a lower risk of having social and personal behavior problems and were more likely to contribute to the community and be civic active.
The size of the global child and youth services market is expected to grow from $128.58 billion in 2021 to $147.25 billion in 2022 at a compound annual growth rate (CAGR) of 14.5% . TBRC’s analysis of child and youth services market growth shows that this is primarily due to companies revamping their operations and recovering from the impact of COVID-19. The market is expected to reach $242.76 billion in 2026 with a CAGR of 13.3%.
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The use of predictive analytics technique is steadily increasing among other child and youth services market trends. Predictive analysis in the context of child protection generally focuses on levels of risk of maltreatment. The approach works by quantifying risk and can be used to target the services that are given to children, families and communities that are most likely to have benefits. For example, the Illinois Department of Child and Family Services used a predictive analytics model to understand children who were at risk of being placed in congregate care facilities. The predictive analysis identified a set of predictors, including children’s behavioral and emotional problems. This helped the department to design and implement a therapeutic foster care intervention that could be an alternative to collective placement.
The global child and youth services market is segmented by service into foster care and guardianship services, counseling and information services, social work services, children’s recreation programs and youth, private and public adoption services, others; by age group in infant, child, adolescent, youth; by online, offline mode.
The main players identified in the child and youth services sector are Children Aid And Family Services, UNICEF (United Nations Children’s Fund), International Foster Care Organization, International Society For Prevention of Child Abuse And Neglect (ISPCAN), CARE International, Stepstone Family & Youth Services, North East Independent Living Services, Child Welfare League of America, United States Children’s Bureau, The European Child Safety Alliance and Voices of Youth.
Global Child and Youth Services Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides an overview of the services market Child and Youth Services, forecasts the Child and Youth Services market size and growth for the overall market, Child and Youth Services market segments, Geographies, Child and Youth Services Market Trends, Child and Youth Services Market Drivers, Restraints, Revenue, Key Competitor Profiles and Market Shares.
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