Corporate Volunteering Platform Market Key Companies and SWOT Analysis by 2031

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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Corporate Volunteering Platform Market: Strategic Insights

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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.

Corporate Volunteering Platform Market Report Scope

Corporate Volunteering Platform Market Players Density: Understanding Its Impact on Business Dynamics

The Corporate Volunteering Platform 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:

1. Alaya SA
2. Benevity, Inc.
3. Bright Funds, Inc.
4. Maximus Life LLC
5. Neighbourly Limited
6. Blackbaud, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

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