Enterprise Portal Market Size & Share, by Type (Information Portal, Collaborative Portal, Application Portal); Services (Enterprise Content Management Service, Enterprise Collaboration Service); End-user (BFSI, IT & Telecom, Retail) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4093
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Enterprise Portal Market
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Enterprise Portal Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Amount of Data Being Produced by the Internet of Things (IoT) – With the vast amount of data being generated, the global enterprises portal market is anticipated to grow exponentially during the forecast period. For instance, the total amount of data being generated on an everyday basis is almost 330 million terabytes across the world.
  • Increasing Use of Cloud Computing and Artificial Intelligence – The use of advanced solutions such as cloud computing and artificial intelligence as a service in businesses is generating the need for an advanced solution such as an enterprise portal that could bring together the information, data, employees, and other services for efficient communication in the market. Thus, the rising adoption of cloud computing and artificial intelligence is anticipated to drive market growth over the upcoming decades.
  • Rise in the Investments for Digital Transformation - Increasing investments in digital transformation is a major factor that is anticipated to boost the global enterprise portal market growth during the forecast period. According to the most recent report, global digital transformation investments will accelerate to 55% of all information and communications technology investments by the end of 2024.

Challenges

  • Requirement of an initial high cost for implementation and maintenance purposes - The cost of implementing and maintaining an enterprise portal can be prohibitively expensive for small businesses, which limits the potential customer base for the market.
  • Lack of awareness along with the unavailability of technical experts
  • Inadequate understanding of the benefits offered by enterprise portals among the developing nations

Enterprise Portal Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~12%

Base Year Market Size (2022)

~ USD 12 Billion

Forecast Year Market Size (2035)

~ USD 35 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Enterprise Portal Segmentation

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:

         Type

  • Information Portal
  • Collaborative Portal
  • Application Portal

       Services

  • Enterprise Content Management Service (ECM)
  • Enterprise Collaboration Service (ECS)

        End User Industry

  • BFSI
  • IT & Telecom
  • Retail

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Enterprise Portal Industry - Regional Synopsis

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.

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Enterprise Portal Market Size
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Companies Dominating the Enterprise Portal Market

top-features-companies
    • Red Hat, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Verizon Communications Inc.
    • IBM Corporation
    • SAP SE
    • Pivotal Software, Inc.
    • DigitalOcean, Inc.
    • Ramco Systems Limited
    • Oracle Corporation
    • VMware, Inc.
    • Amazon Web Services, Inc.
    • YesAsia Holdings Ltd.

In the News

  • YesAsia Holdings Ltd. has selected Oracle Fusion Cloud Customer Experience (CX) to automate its marketing platform with AI-driven technology solutions.
  • VMware, Inc. announced new VMware vRealize cloud management, on-premises, and software as a service (SaaS) offering to further enable customers to consistently deploy and operate their applications.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4093
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing need for secure communication between employees, partners, and customers amongst organizations is some of the factors that are estimated to boost market growth during the forecast period.

The market size of enterprise portal is anticipated to attain a CAGR of 12% over the forecast period, i.e., 2023 – 2035.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Red Hat, Inc., Verizon Communications Inc., IBM Corporation, SAP SE, Pivotal Software, Inc., DigitalOcean, Inc., Ramco Systems Limited, Oracle Corporation, VMware, Inc., Amazon Web Services, Inc., and other key players.

The IT & Telecom segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Enterprise Portal Market Report Scope
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