Online Voting System Market Size, Share & Trends Analysis Forecast 2021-2026

Industry Insights

[172+ Pages Report] According to the report published by Facts and Factors, the global online voting system market size was valued around USD 255 million in 2020 and is expected to grow to around USD 582 million by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2021 and 2026. The report analyzes the global online voting system market drivers, challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the online voting system market.

Market Overview

The drawbacks related to the traditional voting system such as setting up paper ballots, in-person voting systems, allocating staff, printing ballots, voting booths, secure transportation, etc. are costly affairs as well as time-consuming. Thus, the online voting system which is a software platform helps the government, corporates, and other end-users to virtually manage the elections. Moreover, the use of the Internet to cast a vote when located even in remote regions is likely to bolster the online voting systems market.

Industry Growth Factors

The non-requirement of physical infrastructure such as printing ballots, booths, allocating staff, etc. is known to reduce not only monetary investments but also the dependency on manpower. Thus, the market for online voting systems is anticipated to propel over the forecast period. Furthermore, the advantages provided to the physically disabled or people dealing with other medical conditions further popularize the implementation of online voting systems across the globe. Technological advancements in the government sector coupled with the effective government policies associated with online voting systems are likely to provide better opportunities for market growth.

The use of high-end-to-end encryption or cryptography will further boost the utilization of online voting systems across the globe. the sudden onset of the COVID-19 pandemic has also encouraged the adoption of an online voting system. However, the growing security concerns and low awareness regarding online voting systems will hinder the market development over the forecast period.

Segmentation Analysis

The global online voting system market is segmented based on voting type, platform, deployment mode, organization size, end-user, and regions.

Based on voting type, the global online voting system market is divided into on-site online voting and remote online voting. On the basis of platform, the market is categorized into kiosks, mobile devices, desktops, and others. From these, the mobile device segment is projected to dominate the global online voting system market owing to the convenience of location & time. The ease in the utilization through a web browser or application further propels the use of mobile devices for online voting. The rising purchase of mobile phones and penetration of the internet across the globe will further expand the market over the forecast period.

By deployment model, the market is classified into on-premise and cloud-based. Based on the organization size, the market is divided into large enterprises and small & medium enterprises. The large enterprise segment is anticipated to dominate the global online voting system market. The growth is primarily due to the conducting of voting based on some important business decisions. The monetary expenses encourage large enterprises to opt for online voting software instead of the traditional method of voting.

On the basis of end-user, the global online voting system market is fragmented into government, universities & colleges, corporates, and others. The government segment accounts for the highest market share in the global online voting system market. Growing adoption of hi-end technologies and digitalization by the general and local public further enhance the segment growth. The surging involvement of the online voting system in political elections is increasing the market revenue of the government in the global online voting system market.

Report Scope

Regional Analysis

North America is projected to hold the highest market share in the global online voting system market. The growth is basically due to the rising trend of online voting pilot projects and demand for fair & safe counting. The increasing adoption of online voting in the academic, political, and corporate sectors is propelling the market revenue of North America in the global online voting system market.

Competitive Players

• Avante International Technology
• Higher Logic Inc.
• Delib Ltd.
• Australian Election Company Corp.
• Clear Ballot Inc.
• Benel Solutions Corp.
• Association Technology Solutions
• Hart Intercivic Inc.
• Dominion Voting Systems Corp.
• Votebox
• Microvote General Corp.
• 21c Consultancy Ltd
• Insightrix Research Services
• ElectionBuddy Inc.
• NVOTES
• PollGateway
• Voting Solutions Ply Ltd
• SCYTL
• Election Runner
• BALLOTEER
• Meridia Interactive Solutions
• OpaVote
• Smartmatic
• Right2Vote
• POLYAS International GmbH
• Yes Elections
• ezVote
• eBallot
• Scytl Secure Electronic Voting

By Voting Type Segment Analysis

• On-site Online Voting
• Remote Online Voting

By Platform Segment Analysis

• Kiosk
• Mobile Device
• Desktop
• Others

By Deployment Mode Segment Analysis

• On-Premise
• Cloud-Based

By Organization Size Segment Analysis

• Large Enterprises
• Small & Medium Enterprises

By End-User

• Government
• Universities & Colleges
• Corporates
• Others

By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA