The big data market, closely related, is projected to reach USD 573.47 billion by 2033, with open data contributing to this growth by providing accessible data for model training (Big Data Market Forecast).
Challenges and Considerations
Despite the positive outlook, several challenges could impact growth:
Data Quality Issues: Companies and users often cite data accuracy and completeness as barriers, affecting trust and usability (Challenges for Open Data Companies).
Legal and Policy Frameworks: Lack of clear laws and policies, especially in Africa, hinders data sharing due to privacy and legal concerns (Barriers to Using Open Data).