Dublin, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The "Government Open Data Management Platform - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Government Open Data Management Platform was estimated at US$158.4 Million in 2023 and is projected to reach US$251.7 Million by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Government Open Data Management Platforms have become pivotal tools in promoting transparency, enhancing public engagement, and enabling data-driven policy-making across various levels of government. The growing emphasis on transparent governance and the need to empower citizens through access to information are key factors driving the adoption of open data management platforms by governments around the world. This trend is particularly strong in developed regions such as North America and Europe, where open data initiatives are being implemented at national, regional, and municipal levels to improve public services and facilitate civic participation.
The implementation of open data platforms is also being driven by the increasing demand for data-driven solutions in addressing complex social, economic, and environmental challenges. By leveraging open data, governments can identify patterns, optimize resource allocation, and develop policies that are better aligned with the needs of their communities.
What Are the Key Growth Drivers Fueling the Expansion of the Government Open Data Management Platform Market?
The growth in the global government open data management platform market is driven by several key factors, including the rising demand for transparency and accountability, increased focus on data-driven decision-making, and advancements in data management technologies. One of the primary growth drivers is the increasing demand for transparency and public accountability in governance.
Citizens and advocacy groups are calling for greater access to government-held information to promote civic engagement, monitor government activities, and hold public officials accountable. In response, governments are adopting open data platforms to publish datasets that cover a wide range of topics, including public spending, environmental monitoring, and public health statistics. The availability of such information empowers citizens and the media to conduct independent analyses, promote transparency, and advocate for policy changes, thereby fostering a more open and democratic society.
Another significant growth driver is the increasing adoption of data-driven decision-making in public administration. Governments are leveraging open data to identify societal challenges, develop targeted interventions, and evaluate the impact of policies and programs. For example, open data on employment, education, and economic indicators can be used to design effective workforce development programs and monitor their outcomes. This data-centric approach is leading to more informed and effective governance, which is encouraging the adoption of open data platforms as a strategic tool for policy-making and public administration.
Furthermore, the integration of open data with emerging technologies such as AI, big data analytics, and blockchain is unlocking new possibilities for data utilization and innovation. Blockchain technology, for instance, can enhance data integrity and transparency by providing an immutable record of data transactions, while big data analytics can extract deeper insights from large and complex datasets. These technological advancements are making open data platforms more valuable for both governments and external users, driving their adoption across multiple sectors.
Lastly, the growing emphasis on smart city development and digital transformation is contributing to the expansion of the government open data management platform market. Smart cities rely heavily on data to optimize urban services such as transportation, energy management, and public safety. Open data platforms serve as a foundational element in smart city ecosystems by providing a centralized source of information that can be used by city planners, businesses, and citizens to drive innovation and improve quality of life.
The deployment of open data platforms is also aligned with broader digital transformation initiatives, where governments are adopting cloud-based solutions, digital services, and e-governance frameworks to enhance operational efficiency and public service delivery. As cities and countries around the world continue to embrace digital transformation, the demand for sophisticated open data management platforms is expected to rise, supporting the growth of the global market. With increasing investments in data infrastructure, technological innovation, and policy support, the government open data management platform market is poised for sustained growth, driven by the evolving needs of modern governance and the push for greater transparency and data-driven decision-making.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the On-Premise Deployment segment, which is expected to reach US$152.1 Million by 2030 with a CAGR of a 6.4%. The Cloud-based Deployment segment is also set to grow at 7.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $43.2 Million in 2023, and China, forecasted to grow at an impressive 10.8% CAGR to reach $54.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Government Open Data Management Platform market such as Civicactions, Inc., data.world, Inc., Denodo Technologies, Inc., Esri Global, Inc., Fivetran and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 283 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $158.4 Million |
| Forecasted Market Value (USD) by 2030 | $251.7 Million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Government Open Data Management Platform - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Focus on Transparency and Accountability in Governance Propels Growth of Government Open Data Platforms
- Increasing Demand for Data-Driven Decision-Making Expands Addressable Market for Open Data Platforms
- Case Overview: Growth in Smart City Initiatives Bodes Well for Government Open Data Platform Adoption
- Increasing Demand for Open Data in Public Health and Urban Planning Drives Market Growth
- Case Overview: Growth in Digital Governance and E-Government Services Expands Addressable Market for Open Data
- Increasing Use of Open Data Platforms in Environmental Monitoring and Resource Management Expands Market Scope
- Increasing Investments in Digital Transformation and Smart Infrastructure Set the Stage for Open Data Market Expansion
- Increasing Adoption of Open Data Platforms in Disaster Management and Emergency Response Expands Market Opportunities
FOCUS ON SELECT PLAYERS:Some of the leading 52 companies in the Government Open Data Management Platform market include
- Civicactions, Inc.
- data.world, Inc.
- Denodo Technologies, Inc.
- Esri Global, Inc.
- Fivetran
- Immuta Inc.
- Junar Data Platform
- Lotame Solutions, Inc.
- MediaMath, Inc.
- OpenDataSoft
For more information about this report visit https://www.researchandmarkets.com/r/xbkoox
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