Report ID: 10154381 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
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.
Market Segmentation
Our in-depth analysis of the global enterprise portal market includes the following segments:
By Verticals
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IT & Telecommunication
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Retail
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Manufacturing
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BFSI
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Transportation
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Government
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Others
By Product Type
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Collaborative
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Application
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Information Portal
Growth Drivers and Challenges Impacting the Growth of the Global Enterprise Portal Market
Growth Drivers
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Increase in the investment on research and development
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Need for advancement in enterprises’ infrastructure to stay ahead of competitors
Challenges
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High cost for the portal
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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:
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30 November 2021: IBM Corporation announced the acquisition of an Australian digital transformation company SXiQ, specialized in cloud cybersecurity, cloud platforms, and cloud applications.
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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
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
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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Report ID: 10154381 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
