In terms of revenue, Global Online Election Voting Software Market was valued at US$ 278.65 Mn in 2020 and is anticipated to reach US$ 366.79 Mn by 2030 growing at a CAGR of +5.78% over the forecast period (2021 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The introduction of smart devices and increasing presence of market players through distributed channels has offered opportunities for the growth of global online election voting software market. An online election voting software is a platform that allows groups to securely cast votes and conduct elections. Increasing internet penetration, easy accessibility and growing smart device users across the globe is creating a rising demand for online election voting software market. Online voting softwares designed for mobile devices permits voters to access these softwares from web browser or an application, providing high flexibility and convenience of one’s location and time. Voters can cast their votes via text messaging (SMS) or by responding online. For instance, National Conference of State Legislatures states that West Virginia offers a mobile voting application since 2018, which is based on blockchain technology.
Apart from the regional outlook, it throws light on leading industry key players such as AGORA VOTING SL, AO Kaspersky Lab, AssociationVoting .com, LLC, BALLOTEER, eBallot, Eko Internet Marketing, LLC, Election-America, ElectionBuddy, Inc., Insightrix Research Services, Paragon Customer Communications, Print Image Network Ltd., Scytl Election Technologies S.L., Vero Engagements & Voting Solutions Pty Ltd. to understand the successful sales strategies of the businesses.
Browse the full report description, along with the ToCs and List of Facts and Figures @ https://www.absolutemarketsinsights.com/reports/Global-Online-Election-Voting-Software-Market-2021-2029-824
Organization Size Outlook
Based on the organization size, large enterprises accounted for the highest market share in the global online election voting software market in 2020. The board of large organizations often hold elections for Director or Executive level positions. The companies also conduct voting of its shareholders to make important business decisions. The traditional voting system is costly and time taking. This has motivated large corporates towards online ballots. Various government authorities has mandated the use of online voting for companies. For example, Government of India has mandated businesses to provide online voting facilities to all its shareholders since 2014 under the New Companies Act 2013. Additionally, Votenet Solutions, Inc., Vero Engagement & Voting Solutions Pty Ltd. and others provide a dedicated online election voting softwares to large enterprises. These dedicated softwares and commercial convenience are attracting more number of large enterprises which in turn is increasing the share of large enterprises in the global online election voting software market.
Industry Outlook
Government organizations are among the leading share holders of the global online election voting software market in 2020 owing to greater adoption of digital technologies in general and local elections. Estonia was the first country to hold online elections in their country in 2007. This has inspired other nations. The Department of Internal Affairs, New Zealand introduced a draft of Local Electoral Amendment Regulations in 2019 for investigating the feasibility of online voting in local elections. This growing involvement of online voting in political elections is surging the share of government authorities in the global online election voting software market.
Region Outlook
North America region constituted for the highest market share in global online election voting software market in 2020. The US is also following this upward trend by introducing a number of online voting pilot projects. 32 states in the US have casted their preferences with regards to the adoption of online channel of voting. The adoption of electronic voting in political as well as corporate elections is driving the share of North America in global online election voting software market. Asia Pacific region is expected to register highest growth rate in global online election voting software market in the future. India, the largest democracy in the world, conducts multiple ballots on the local, state, and central level with a total count of more than 900 million voters across the country. The cost of general elections held across in India in 2019 is greater than the US Presidential elections 2016. The tremendous cost associated with the traditional elections has made India recognize the need of online election voting softwares. These factors are propelling the the share of Asia Pacific region in global online election voting software market over the forecasted period (2021-2029).
Competitive Landscape
The report provides both, qualitative and quantitative research of global online election voting software market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their presence, competitors, service offerings and specification amongst others.
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