Global CSR Software Market Size is Expected to Grow to $539.26 million by 2029

Global CSR Software Market Overview

According to Global Market Monitor, the global CSR software market size was $367.19 million in 2023 and is expected to grow to $539.26 million by 2029.

Market Strengths

Corporate social responsibility (CSR) software enables companies to manage and track the progress of corporate social responsibility programs that they are conducting, streamlining CSR programs' administration, and allowing businesses to manage CSR programs from one central platform. At a global level, some non-profit organizations, multi-stakeholder firms, and inter-governmental organizations are making initiatives to implement CSR as a fundamental part of their business operations. Enterprises are implementing CSR as a part of their strategy matters to enhance the interest and demands of various stakeholders and to improve the competition to access the global market and fulfill the needs of society.

Regional Market Status

North America dominated the corporate social responsibility software industry. The Asia-Pacific and Europe regions are anticipated to experience significant growth in the forthcoming years, owing to government initiatives and support that are encouraging businesses to contribute towards the betterment of society. For example, the European Commission produced a staff working document, which outlines the European External Action Service's and the Commission’s development on CSR implementation.

With the economic growth, scientific and technological progress, and the development of modern enterprises in APAC, there is a growing demand for CSR software. Asia-Pacific countries such as China and India have emerged as bright spots for global growth and an emerging market for the CSR software industry. Asia Pacific is set to exhibit the highest CAGR in the coming years owing to the up-surging demand for CSR software in countries, namely, China, Japan, and Singapore. Additionally, the number of small and medium enterprises (SMEs) is increasing daily in these countries. It is, in turn, causing a high demand for CSR software. 

Benevity is one of the Leading Players

Benevity is one of the major players operating in the Corporate Social Responsibility (CSR) Software market, holding a share of 19.82% in 2023. Benevity Inc., the leading provider of global corporate purpose software, released The State of Corporate Volunteering revealing a surge in corporate volunteerism as companies seek ways to address the challenges of employee connection in a hybrid work world on February 6, 2024 –.  The data revealed a 57% year-over-year increase in the rate of global employee volunteering participation and a 41% year-over-year increase in the total number of volunteer hours dedicated by companies and their people.  Since the onset of the pandemic, there has been a 15% increase in the prevalence of companies running volunteering initiatives as part of their employee engagement programs.

Company Name	Benevity
Website	www.benevity.com
Established Time	2008
Headquarters	Canada
Business Distribution	Worldwide
Business Overview	Benevity Inc. operates as a software social enterprise that develops workplace giving and volunteer management software solutions. The Company offers a workplace giving platform that includes custom cause portfolios and disaster response, dynamic news and blog content, matching incentives, centralized donation management, and consumer engagement solutions.