New York, April 13, 2018: Market Research Engine has published a new report titled as “Global Enterprise Portals Market – Trends & Forecast, 2016-2022”. The Global Enterprise Portals market is estimated to reach $9.8 billion in 2016 and expected to grow at a CAGR of more than 23% during the period 2016-2022. In 2016, 20-35% of the global enterprises will use the open source frameworks, and huge spending on enterprise portals services.
The Enterprise portals adoption has been increasing every year in all verticals, such as BFSI, government, telecom, healthcare, retail, manufacturing, transportation and others verticals and contribute a positive growth in 2017 and expected the same growth by 2022 as well. BSFI has seen positive growth in the previous years and expected to grow at a CAGR of 22% by 2022.
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The market grows due to the increase in number of portals used bythe employees. The enterprise portal integrates with multiple portals that willoffer more information for customers, employees and business partners. TheNorth America region is expected to drive the enterprise portal market thanthat of other regions and it is expected to grow around 20% during the forecastperiod. The lean portalmarket process is an emerging market for the enterprise portal. The marketpotential of the lean portal is increasing as most of the regions are adoptingthis technology for different verticals. The lean vendors are offering betterfeatures than larger vendors which helps them in capturing the market. However, security issues with the virtualization of data will hamper themarket. The key playersinclude Broadvision, IBM, Microsoft, Oracle, SAP, and TechMaindra. The reportalso includes watch list companies such as Jahia, Fulcrum, and ZensarTechnology. This study coversand analyses “Enterprise Portal” globally. Bringing out the complete keyinsights of this industry, this report aims to provide an opportunity forplayers to understand the latest trends, current market scenario, governmentinitiative and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
Enterprise portals market has seen moderate growth in North America and Europe regions, but few regions such as Lain America and Middle East & Africa are expected to be the fastest growing markets in 2020 as compared to 2016.
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Essential Take Aways:
- Enterprise portal market share is expected to contribute 25.1% by 2020, up by 3.6% from 2015.
- North America market region is estimated to reach 20.3% throughout 2015 till 2020.
- Retail vertical is an emerging market for enterprise portal market and estimated to reach at a CAGR of 25% by 2020.
Application portals market will have a higher market share and adoption in all the verticals, and expected to reach a CAGR of 18% from 2016 to 2022.
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