Enterprise Portal Market Segmentation by Verticals (IT & Telecommunication, Retail, Manufacturing, BFSI, Transportation, Government, and Others); and by Product Type (Collaborative, Application, and Information Portal)-Global Demand Analysis & Opportunity Outlook 2031
21 Oct 2022
ICT & Telecom
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Global Enterprise Portal Market Highlights Over 2022 - 2031
The global enterprise portal market is estimated to grow at a CAGR of~23% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the rise in investment for research and development, the surge in competition among businesses, and supportive laws and subsidies by the government. As per the United Nations Educational, Scientific and Cultural Organization (UNESCO) Institute for Statistics, global R&D investment had surpassed USD 1.7 trillion. Approximately ten countries contribute to 80% of spending. Countries have vowed to dramatically expand governmental and corporate R&D spending, as well as the number of researchers, by 2030 as part of the Sustainable Development Goals. Moreover, investment in the enterprise portal helps businesses grow through customizing the data according to their requirements. Furthermore, it helps the enterprises to stay one step ahead of the other competitors.
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Due to the COVID-19 pandemic, more employees are accessing the internet through their digital devices. As a result, the companies are investing heavily to upgrade their existing portal to manage their data so that employees could easily access it.
The global enterprise portal market is segmented by verticals into IT and telecommunication, retail, manufacturing, BFSI, transportation, government, and others. Out of which, the IT and telecommunication segment are expected to hold the largest share over the forecast period in the global enterprise portal market. This can be attributed to the ease that the employees get to access the data for utilization and the volume of data that can be managed according to the needs of the organization through adding new ideas, solutions, designs, and services.
Global Enterprise Portal Market Regional Synopsis
Regionally, the North America market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the forecast period on the back of increase in investment in research and development. According to the UNESCO Institute for Statistics, the U.S spends 2.7% of the GDP accounts for USD 476,459.0 million in PPP$ on research and development. Moreover, enterprises in this region have access to high levels of technology and infrastructure. Furthermore, they have realized the importance of investment in technologies after the pandemic as more people are opting to work from home.
Our in-depth analysis of the global enterprise portal market includes the following segments:
IT & Telecommunication
By Product Type
Growth Drivers and Challenges Impacting the Growth of the Global Enterprise Portal Market
Increase in the investment on research and development
Need for advancement in enterprises’ infrastructure to stay ahead of competitors
High cost for the portal
Security issues related to the data
Key Companies Dominating the Global Enterprise Portal Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global enterprise portal market that are included in our report are Microsoft Corporation, Infosys Limited, Liferay Inc., IBM Corporation, Sitecore Holding II A/S, Accenture PLC, Tata Consultancy Services Limited., Red Hat, Inc., HCL Technologies Ltd, CubeServ Group, and others.
Latest Developments in the Global Enterprise Portal Market:
30 November 2021: IBM Corporation announced the acquisition of an Australian digital transformation company SXiQ, specialized in cloud cybersecurity, cloud platforms, and cloud applications.
6 April 2022: Microsoft Corporation and Boeing Company announced their partnership to accelerate new digital aviation innovation. Boeing will use the Microsoft Cloud and AI capabilities to upgrade vital infrastructure, optimize business processes, and accelerate new digital aviation innovations as part of a significant investment in the company's digital future.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Increase in the investment on research and development and need for advancement in enterprises’ infrastructure to stay ahead of competitors are the major factors driving the growth of the enterprise portal market.
The market is anticipated to attain a CAGR of ~23% over the forecast period, i.e., 2022-2031.
High cost for the portal and security issues related to the data are estimated to hamper the market growth.
Which region will provide more business opportunities for growth of enterprise portal market in future?
North America region will provide more business opportunities for growth of enterprise portal market in future.
The major players in the market are Microsoft Corporation, Infosys Limited, Liferay Inc., IBM Corporation, Sitecore Holding II A/S, Accenture PLC, Tata Consultancy Services Limited., Red Hat, Inc., HCL Technologies Ltd, CubeServ Group, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by verticals, product type and by region.
The IT and telecommunication segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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- Microsoft Corporation
- Infosys Limited
- Liferay Inc.
- IBM Corporation
- Sitecore Holding II A/S
- Accenture PLC
- Tata Consultancy Services Limited.
- Red Hat, Inc.
- HCL Technologies Ltd
- CubeServ Group