The political organizations market consists of revenue generated through political services by entities (organizations, sole traders and partnerships) that are engaged in promoting the interests of national, state, or local political parties or candidates. This market includes political groups organized to raise funds for a political party or individual candidates. Only goods and services traded between entities or sold to end consumers are included.
The global political organizations market is expected to grow from $8.88 billion in 2019 to $8.98 billion in 2020 at a compound annual growth rate (CAGR) of 1.18%. The slow growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, the closure of industries, and other commercial activities resulting in a slowdown of the economy forcing the government and other organizations to reallocate grants to emergency relief funds. The market is then expected to recover and reach $11.15 billion in 2023 at a CAGR of 7.48%.
