Enterprise Portal Market size is poised to cross USD 35 Billion by the end of 2035, growing at a CAGR of 12% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of enterprise portal was around USD 12 Billion. The major factor for market growth during the forecast period is the rapid digitalization occurring in businesses along with the escalation in the usage of Internet services across the world.
Furthermore, it has been estimated that in the world, almost 65% of the population which is equivalent to around 5 billion uses the internet as of January 2023. This, in turn, is driving the demand for enterprise portals and aiding in the expansion of global enterprise portal size during the forecast period.
One of the major factors for the market growth of enterprise portal in the forecast period is the rising preference for powerful enterprise portals for daily operations to meet their specific business and industry requirements.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~12% |
|
Base Year Market Size (2022) |
~ USD 12 Billion |
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Forecast Year Market Size (2035) |
~ USD 35 Billion |
|
Regional Scope |
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Services {Enterprise Content Management Service (ECM), Enterprise Collaboration Service (ECS)}
The enterprise content management service segment in the enterprise portal market is estimated to gain the largest market share of about 59% in the year 2035. The primary reason for segment growth is the need for better data management, escalation in the adoption rate of cloud-based solutions, and the high demand for structured content management.
The growing number of websites using CMS has made it easier for businesses and individuals to create and manage their websites. It has also allowed for more customized websites and has opened up opportunities for website owners to easily update and maintain their sites. According to recent statistics, it has been reported that there has been a 77% increase in the number of websites using CMS between 2015 and 2022.
End-User Industry (BFSI, IT & Telecom, Retail)
Enterprise portal market from the IT & Telecom segment is expected to garner a significant share of around 39% in the year 2035. The primary factor for segment growth is the rising need for advanced solutions for the large amount of data being processed by the IT & Telecom industry. In recovering from the Covid-19 pandemic, the IT & Telecom sector has witnessed a major change in generating a large amount of data online and use of technologically advanced solutions for managing the data to improve efficiency.
Thus, with the expanding IT industry, it is estimated to bring lucrative growth opportunities for segment growth during the forecast period. For instance, the global information technology industry gathered approximately USD 5 trillion in 2020.
Our in-depth analysis of the global enterprise portal market includes the following segments:
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Type |
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Services |
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End User Industry |
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North American Market Forecast
The enterprise portal market of enterprise portal in North America is projected to be the largest with a share of about 35% by the end of 2035. The major factors attributed to the growth of the market in the region are the adoption of cloud-based services and the introduction of advanced technologies, such as artificial intelligence and analytics to maximize efficiency and productivity by automating mundane tasks, reducing the need for physical storage, and improving enterprise data security.
Also, the well-established IT infrastructure, the presence of the expanding IT sector, and the availability of skilled professionals are positively contributing to market growth during the analysis period.
APAC Market Statistics
The enterprise portal market in the Asia Pacific is estimated to account for a major market share of 25% over the forecast period on the back of the growing proliferation of tech giants in developing nations, along with the growing IT sector in the region. For instance, the IT services industry in the APAC region is projected to reach approximately USD 240 billion by the end of 2022.
Further, rapid urbanization has led to digitalization which has increased the dependence on digital solutions to manage their data and content, as this helps them to be more efficient, reduce costs, and improve customer experience.
Author Credits: Abhishek Verma, Hetal Singh
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