08-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Online Voting System Market: By Voting Type (On-site Online Voting and Remote Online Voting), By Platform (Kiosk, Mobile Device, Desktop, and Others), By Deployment Mode (On-Premise and Cloud-Based), By Organization Size (Large Enterprises and Small & Medium Enterprises), By End-User (Government, Universities & Colleges, Corporates, and Others), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. According to the report, the global online voting system market was valued at approximately USD 255 million in 2020 and is expected to reach a value of around USD 582 million by 2026, at a CAGR of around 6% between 2021 and 2026.
The online voting system involves online registration of voters, casting of votes, vote counting, and declaring of the votes. This system is beneficial as compared to traditional paper voting as the voter is able to cast the votes through the use of any resource like personal computers, smartphones, and systems arranged by the voting institutions. It also helps in the reduction of vote hacking or tampering. Moreover, the system is effective and authentic in comparison to the conventional voting system structure.
Browse the full “Online Voting System Market: By Voting Type (On-site Online Voting and Remote Online Voting), By Platform (Kiosk, Mobile Device, Desktop, and Others), By Deployment Mode (On-Premise and Cloud-Based), By Organization Size (Large Enterprises and Small & Medium Enterprises), By End-User (Government, Universities & Colleges, Corporates, and Others), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” Report at https://www.fnfresearch.com/online-voting-system-market
Furthermore, the online voting system helps in minimizing corruption and raises the voter turnout with voters able to cast their votes from any remote location or site.
The convenience of casting votes to steer the market trends over the forecast period
Ease and voter convenience is set to drive the expansion of the online voting system industry over the forecast timeline. Moreover, persons having laptops and internet access can cast votes online. In addition to this, the system of online voting helps in saving the time of the voters, transportation costs, and helps in reducing the confusion about locating the accurate polling booths & queues. Apparently, the online voting system makes it easy for people with physical disabilities or medical problems to cast their votes online.
Furthermore, a rise in the system proficiency, the exactness of the voting system, and huge voter turnout will further embellish the industry expansion over the forecast timeline. Moreover, the system helps in saving the costs of paper ballots, ink, and paper. Still, the meddling with the online votes can put brakes on the market progress during the period from 2021 to 2026.
On-Site online voting to lead the voting type segment from 2021 to 2026
The dominance of the on-site online voting segment is credited to extensive acceptance and security concerns of the voters. The segment is likely to accrue revenue worth nearly USD 523 million by 2026.
Mobile devices segment to register the highest CAGR of nearly 11.4% over the forecast period
The growth of this segment is attributed to the massive usage of smartphones and mobile through which one can access the internet. Moreover, mobile devices are effective tools of online voting with voters residing at distant places having easy access to the internet for voting purposes. It saves time & travel expenses for the voter.
North America to dominate the overall regional market share by 2026
The growth of the regional market over the forecast timespan is due to the massive utilization of mobiles, smartphones, and iPhones for the purpose of online voting in countries like the U.S. and Canada.
Key players in the online voting system industry include Election Systems & Software, MTS, OpaVote, Dominion Voting Systems, IVS, Hart Intercivic Inc., Microvote General Corporation, Clear Ballot, Simply Voting Inc., and Unisyn Voting Solutions.
This report segments the online voting system market as follows:
Global Online Voting System Market: By Voting Type Segment Analysis
- On-Site Online Voting
- Remote Online Voting
Global Online Voting System Market: By Platform Segment Analysis
- Kiosk
- Mobile Devices
- Desktop
- Others
Global Online Voting System Market: By Deployment Mode Segment Analysis
Global Online Voting System Market: By Organization Size Segment Analysis
- Large Enterprises
- Small & Medium Enterprises (SMEs)
Global Online Voting System Market: By End-User Segment Analysis
- Government
- Universities & Colleges
- Corporates
- Others
Global Online Voting System Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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