[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Online Voting System Market size & share revenue was valued at approximately USD 267 Million in 2021 and is expected to reach USD 323 Million in 2022 and is expected to reach around USD 770 Million by 2030, at a CAGR of 7.5% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Votebox, 21c Consultancy Ltd, Delib Ltd, Hart Intercivic Inc, Avante International Technology, Australian Election Company Corp., Association Technology Solutions and Dominion Voting Systems Corp., Benel Solutions Corp., Higher Logic Inc, Clear Ballot Inc., Microvote General Corp., and others.
Sandy, Utah, USA, Jan. 17, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Online Voting System Market Size, Share, Growth Analysis Report By Type (Remote Online Voting, On-site Online Voting), By Platform (Kiosks, Desktops/Laptops, Mobile Devices), By Deployment (On-premises, Cloud), By End-User (Government, Corporates, Educational Institutions, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Online Voting System Market size & share was valued at approximately USD 267 Million in 2021 and is expected to reach USD 323 Million in 2022 and is expected to reach a value of around USD 770 Million by 2030, at a compound annual growth rate (CAGR) of about 7.5% during the forecast period 2022 to 2030.”
The global Online Voting System market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, and competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
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Online Voting System Market: Overview
An Online Voting System is a platform that providers the election authorities to conduct elections using the internet through various devices, such as kiosks and mobile phones. It’s a digital platform where votes are cast online without the use of ballots and papers. With the help of such systems, a voter can cast his/her from any location with the accessibility of the internet. This helps in saving costs concerning setting up physical infrastructure and staff used in a traditional voting system.
Growth Factors
Digitalization in Government Sector is anticipated to boost the Online Voting System market
The Online Voting System market is propelled by several significant supporting factors including more accessibility, time-saving, and enhanced voter experience, as well as transportation costs. Moreover, Online Voting systems s offer flexibility to voters with medical difficulties or physical disabilities, increase participation and need less physical infrastructure. These benefits delivered by Online Voting Systems are fueling the market growth. The physical infrastructure needed in traditional voting, such as ballots, printing, physical staff, or ballots, is not needed in the online voting process, which reduces the overall financial expenditure.
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Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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About 220+ Pages Research Report (Including Recent Research)
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Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
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The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology
(Please note that the sample of the Online Voting System report has been modified to include the COVID-19 impact study prior to delivery.)
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Segmental Overview
The Online Voting System market is categorized into type, platform, deployment, and End-User. The deployment, of the Online Voting System market, is bifurcated into on-premises and cloud.
The cloud segment is anticipated to witness a high CAGR. The growth is attributed to various factors, such as less initial capital requirement, and wide acceptance of clouds across the world. By platform, the market is classified into kiosks, mobile phones, and desktops/laptops.
Mobile phone is experiencing high growth attributed to rising internet and smartphone penetration. By End-User, the government segment is anticipated to hold the largest market share. The rising number of universities in the region is anticipated to support market growth.
Regional Overview
Asia Pacific region to dominate the Online Voting System market
The Asia Pacific is estimated to be the fastest-growing region in the Online Voting System market. As per the studies conducted by the Center for Media, the estimated general election cost was over USD 7 billion in 2019. The high cost of these elections is expected to support the adoption of the Online Voting System in the coming years. Presently, the market is dominated by the North American region. Both the US and Canada are very early adopters of advanced technologies. In these countries, the demand for Online Voting systems is experiencing growth from varied End-Users. Academic institutions are the fastest growing segment, by the End-User, in North America.
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Report Scope
Feature of the Report
Details
Market Size in 2021
USD 267 Million
Projected Market Size in 2030
USD 770 Million
CAGR Growth Rate
7.5% CAGR
Base Year
2021
Forecast Period
2022-2030
Prominent Players
Votebox, 21c Consultancy Ltd, Delib Ltd, Hart Intercivic Inc, Avante International Technology, Australian Election Company Corp., Association Technology Solutions and Dominion Voting Systems Corp., Benel Solutions Corp., Higher Logic Inc, Clear Ballot Inc., Microvote General Corp., and Others
Key Segment
By Type, Platform, Deployment, End-User, and Region
Report Coverage
Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options
Request tailored purchasing options to fulfil your requirements for research.
Competitive Landscape
Our market analysis of the Online Voting System also involves a separate section dedicated to major players operating in the market. Our analysts offer an understanding of the financial statements of all the key participants, together with their product portfolio and SWOT analysis. Moreover, the report also offers a competitive landscape chapter, including strategic key development, market share, as well as global market ranking analysis of the players mentioned. Additionally, we offer our clients leverage to modify the list of players mentioned in our report as a part of our free customization.
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Some of the prominent players
Votebox, 21c Consultancy Ltd
Delib Ltd
Hart Intercivic Inc
Avante International Technology
Australian Election Company Corp.
Association Technology Solutions and Dominion Voting Systems Corp.
Benel Solutions Corp.
Higher Logic Inc
Clear Ballot Inc.
Microvote General Corp.
The global Online Voting System market is segmented as follows:
By Type
Remote Online Voting
On-site Online Voting
By Platform
Kiosks
Desktops/Laptops
Mobile Devices
By Deployment
On-premises
Cloud
By End-User
Government
Corporates
Educational Institutions
Others
By Geography
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Rest of Europe
Asia Pacific
Japan
India
Singapore
Rest of Asia Pacific
Africa
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Rest of Latin America
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Key Insights from Primary Research/Key Insights & Findings from the report:
As per the analysis shared by our primary respondents, the Online Voting System market is expected to grow annually at a CAGR of around 10.5 %.
Through primary research, it was established that the Online Voting System market was valued at around USD 1.5 Billion in 2021.
Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
The “North America” region will lead the global Online Voting System market during the forecast period 2022 to 2030.
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This Online Voting System Market Research/Analysis Report Contains Answers to the following Questions.
Which Manufacturing Technology is used for Online Voting System? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Online Voting System Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was the Global Market Status of the Online Voting System Market? What Was Capacity, Production Value, Cost and PROFIT of the Online Voting System Market?
What Is the Current Market Status of the Online Voting System Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Online Voting System Market by Taking Applications and Types in Consideration?
What Are Projections of the Global Online Voting System Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Online Voting System Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Online Voting System Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Online Voting System Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Online Voting System Industry?
Reasons to Purchase Online Voting System Market Report
Online Voting System Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Online Voting System Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Online Voting System Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Online Voting System Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
The study provides a thorough overview of the global Online Voting System market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Online Voting System market analysis.
The competitive environment of current and potential participants in the Online Voting System market is covered in the report, as well as those companies’ strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Online Voting System market should find this report useful. The research will be useful to all market participants in the Online Voting System industry.
Managers in the Online Voting System sector are interested in publishing up-to-date and projected data about the worldwide Online Voting System market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Online Voting System products’ market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
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