Global Political Organizations Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

A political organization refers to a legally registered social organization formed by a group of people to seize political power through a democratic election at the national, regional, or local level. Political organizations are engaged in promoting the interests of national, state, or local political parties or candidates and also raising funds for a political party or individual candidates.

Sizing and Forecast
The political organizations market size has grown steadily in recent years. It will grow from $4.3 billion in 2023 to $4.41 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%.  The  growth in the historic period can be attributed to growth in political stability and instability, legislation and regulatory environment, public opinion and perception, economic trends and policies, global geopolitical events.

The political organizations market size is expected to see steady growth in the next few years. It will grow to $4.9 billion in 2028 at a compound annual growth rate (CAGR) of 2.7%.  The growth in the forecast period can be attributed to anticipated regulatory changes, future public opinion trends, economic projections, global geopolitical developments, emerging social movements. Major trends in the forecast period include transparency initiatives, voter engagement platforms, diverse candidate representation, crisis communication planning, mobile campaigning.

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Segmentation & Regional Insights
The political organizations market covered in this report is segmented –
1) By Organization: National, Regional
2) By Scope and Services: Campaign Organizations, Constituency Associations, Local Political Organization, Political Action Committees (PACs), Political Campaign organizations, Political Organizations And Clubs, Political Parties, Riding Association
3) By Mode of donation: Online, Offline
4) By Organization Location: Domestic, International

Asia-Pacific was the largest region in the political organizations market in 2023. North America was the second largest region in the global political organizations market share. The regions covered in the political organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The initiatives taken by political organizations to improve the support from businesses in the region drive the market. For instance, the Bhartiya Janata Party government in India has promoted reforms that may boost the economy by helping small and medium enterprises to expand their businesses. It launched the Make in India initiative to bring in businesses into the country to boost economic activity and create jobs. These initiatives will help businesses to expand their revenue streams and in turn, encourage businesses to support political organizations by funding them.

Key Industry Players
Major companies operating in the political organizations market report are Democratic Party, Republican Party, Communist Party of China, Bharatiya Janata Party, Indian National Congress, Justice and Development Party, Pakistan Tehreek-e-Insaf, United Socialist Party of Venezuela, Workers’ Party of Korea, United Russia, National Front, Liberal Democratic Party, African National Congress, National Action Party, National League for Democracy, Canadian Liberal Party, Scottish National Party, Australian Labor Party, Sinn Féin, Kuomintang, All Progressives Congress, Social Democratic Party, Israeli Labor Party, Swedish Social Democratic Party, Democratic Alliance, People’s Action Party, Bangladesh Awami League, Progressive Conservative Party, Brazilian Democratic Movement Party, Irish Republican Sinn Féin, Polish Law and Justice Party, Popular Party, New Democratic Party, Pirate Party International

The political organizations market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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