Global Corporate Volunteering Platform Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Corporate Volunteering Platform Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

The company encourages employees to voluntarily devote their time to charitable causes related to company social responsibility. Corporate volunteering platforms provide organizations with tools to manage volunteers and organize volunteer activities. The functions of the corporate volunteer service platform include an online application, managing shifts, tracking volunteer information, writing reports, issuing rewards, etc. Companies typically invest in these platforms when they are ready to take their CSR initiatives to the next level and take a more formal approach to running volunteer programs. Corporate volunteering platforms make it easy to create a great employee experience, increase engagement, and attract and retain talent.

Market Overview:

The latest research study on the global Corporate Volunteering Platform market finds that the global Corporate Volunteering Platform market reached a value of USD 967.74 million in 2023. It’s expected that the market will achieve USD 1628.83 million by 2029, exhibiting a CAGR of 9.07% during the forecast period.

Advantages of volunteer service and corporate volunteering platform

Every company develops CSR strategies and initiatives, and consumers want to support companies with strong CSR initiatives. These projects can range from simple environmental cleanup initiatives, and donation drives, to complex projects involving pro bono work by nonprofits and charities. For employees, they can learn skills from volunteer opportunities that transfer to the workplace, increasing their sense of job fulfillment. Common company incentives include volunteer time off and volunteer grants, which increase employee engagement, motivation, and retention. Volunteering also makes employees feel physically and emotionally healthier. For businesses, volunteering allows employees to connect while working together towards a common goal. By showcasing corporate volunteering and other corporate social responsibility initiatives, companies can attract more talented people. Volunteering programs help businesses build relationships with nonprofit organizations. These relationships can enhance a business's brand and lead to positive reputational enhancements.

The corporate volunteer service platform is conducive to the proper management of corporate volunteer services. The functionality of these platforms includes promoting volunteer opportunities to employees; planning and managing company volunteer activities; tracking volunteer participation and hours; processing volunteer funding requests; issuing volunteer awards; and automatically generating reports. Most enterprise volunteering platforms allow employees to create volunteer profiles so they can track their interests and history. These personalization features will increase employee engagement and overall program satisfaction. Some CSR platforms integrate with nonprofit software to enable additional features, such as automatic submission of matching gifts. This feature allows employees to easily request matching gifts directly from the nonprofit’s donation page, streamlining the process and increasing their chances of participating in charitable programs. In the future, more companies will launch corporate volunteering projects and adopt new technologies to promote corporate volunteering opportunities.

Corporate volunteer service projects increase

Paid time off for volunteering is one of the few employee benefits that has increased significantly in recent years. According to the Society for Human Resource Management, 47% of U.S. companies offered community volunteer pro­grams in 2018, up from 40% in 2014. That percentage is even higher for large companies. According to the 2022 Chief Executives for Corporate Purpose Giving in Numbers report, 84 percent of companies offer flexible scheduling or paid time off for their employees’ volunteer opportunities. Some businesses even allow up to 60 hours of volunteer time off. According to the 2020 Deloitte Global Millennial Survey, younger workers increasingly want to work at companies that pursue equity, diversity, and community. 81% of millennials believe corporations should practice CSR and support good citizenship. 88% of consumers prefer social and environmentally conscious brands. Small businesses understand the pressing needs of local communities better than large corporations. They provide 2.5x more charitable and in-kind donations to nonprofits.

Corporate volunteering programs continue to expand. Employees build homes for families in need and organize fundraisers to support underserved communities. Employees can volunteer to teach language classes, share culinary knowledge, and focus on cultural traditions to increase literacy and promote diversity in the community. Employees can clean up parks, remove trash, maintain trails, and attend workshops on sustainable practices that promote a sense of ownership and protect the natural environment. Increased employee awareness of food security by collecting and distributing food to local hunger aid organizations. Recruiting employees to help at animal shelters can help improve the lives of animals and the mental health of employees. Research shows that spending time with dogs can increase levels of oxytocin and dopamine in the body, which promotes feelings of well-being and reduces anxiety. Companies can organize employees to make and donate supplies and send them to areas in need through partnering nonprofit organizations. Employees can communicate with on-site volunteers in remote volunteer organizations to ensure assistance is delivered to those in need. Nonprofit organizations frequently use social media for digital marketing and fundraising. Social media-savvy employees can help run a nonprofit's social media accounts, such as creating rich and frequently updated content; increasing fan engagement through interaction; and voluntary donations to increase traffic.

Region Overview:

In 2022, the share of the Corporate Volunteering Platform market in United States stood at 33.90%.

Company Overview:

The major players operating in the Corporate Volunteering Platform market include Benevity, Inc., Goodera, Samaritan Technologies, Chezuba, Galaxy Digital,, etc. Among which, Benevity, Inc. ranked top in terms of sales and revenue in 2023.

Benevity, a certified B Corporation, is the leader in global corporate purpose software, providing the only integrated suite of community investment and employee, customer and nonprofit engagement solutions.

Recognized as one of Fortune’s Impact 20, Benevity offers cloud solutions that power purpose for many iconic brands in ways that better attract, retain and engage today’s diverse workforce, embed social action into their customer experiences and positively impact their communities. With software that is available in 22 languages, Benevity has processed more than $12 billion in donations and 58 million hours of volunteering time to support 418,000 nonprofits worldwide. The company’s solutions have also facilitated 900,000 micro-actions and awarded 1.2 million grants worth $18 billion.

Segmentation Overview:

By type, Cloud segment accounted for the largest share of market in 2022.

Application Overview:

By application, the SMEs segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Corporate Volunteering Platform market covered in Chapter 3:

Goodera
Blackbaud, Inc.
Samaritan Technologies
Chezuba
Neighbourly Limited
Millie
Benevity, Inc.
Galaxy Digital
Deed
Maximus Life LLC
Bright Funds Inc.
Percent Pledge

In Chapter 4 and Chapter 14.2, on the basis of types, the Corporate Volunteering Platform market from 2019 to 2030 is primarily split into:

Cloud
On-Premise

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Corporate Volunteering Platform market from 2019 to 2030 covers:

SMEs
Large Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)