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Online Voting System Market by Component type (Solutions, Services, Hardware), Platform type (Kiosk, Mobile devices, Personal computers), Voting type (On –site, Online voting, Remote online voting), , organizational size (small and medium enterprise, large enterprise),End user (Government. Universities, Companies, Colleges): Global Opportunity Analysis and Industry Forecast, 2020–2027

A08885
Pages: NA
Dec 2020 | 94 Views
 
Author(s) : NA
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Charts: NA
 

COVID-19

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Online Voting System Market Insight

Online voting system is software platform which is used to conduct votes and elections securely. It is digital platform which is conduct elections without paper or ballot. Many secure voting platform vendors provide supportive vote management consulting services that help organizations design and implement their voting procedures. These services help organizations save time, stick to best practices, and meet internal requirements and/or external regulations, such as third-party vote administration needs. 

Online Voting System Market Scope and Structure Analysis:

Report Matric

Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered

  • Platform Type
  • Component Type
  • Voting Type
  • Organizational Size
  • End User
  • Region

  Geographies covered

  • North America (U.S. and Canada),
  • Europe (Germany, UK, France, and the Rest of Europe),
  • Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific).
  • LAMEA (Latin America,Middle East,Africa)

  Companies covered

 

  • Votebox, 21c Consultancy Ltd
  • Avante International Technology
  • Delib Ltd
  • Association Technology Solutions and Dominion Voting Systems Corp.
  • Clear Ballot Inc.
  • Benel Solutions Corp.
  • Higher Logic Inc
  • Australian Election Company Corp.
  • Hart Intercivic Inc
  • Microvote General Corp.

 

Impact of COVID-19 on Online Voting System Market

  • The pandemic has created a huge impact on the way of living the life as well as the economies of almost every country. In addition to this, elections postponed due to the outbreak of COVID-19 (coronavirus disease) span the globe. 
  • Due to online voting, socially distanced voting has just become a lot easier. Most of governments has passed a law to extend the possibility of “distance voting” — particularly online. The amendments to the country's Law on the Basic Guarantee of Electoral Rights now allow citizens of various countries to cast votes by post and online. 
  • In addition to this, US have also confirmed that in few states of US, government will permit groups of eligible voters across their states to use online voting platforms for upcoming local elections and presidential primaries as several other states consider wider usage for elections this fall. 
  • Not only the countries, several different states is also considering to go for online voting. The upcoming elections in Bihar may go online through various modes of digital communications because of situation created by the continuously spreading of outbreak of COVID-19.  Thus, the increase importance of social distancing and lockdown will surely change the way of voting thus increasing the opportunities for the online voting system market in the upcoming years. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

Numerous factors such as increase in easy, enhanced voter experience, reduction in time taken and transportation cost are some of the key driving factors for the growth of the data. In addition to this, online voting system offers flexibility for the people with physical disabilities or medical problems, less required physical infrastructure, boost participation are also some of the factors in in fueling the growth of the market. However, security of votes and lack of awareness about the online voting system market may hinder the growth of the market. Furthermore, Adoption of technological advancement, rise in the number of policies towards online voting in the government sectors are some of the areas which is expected to boost the opportunities for the market.

Increased easy and enhance voter experience with less required infrastructure: 

The online voting system does not require the physical infrastructure which is a common element for the traditional voting such as paper, printing, staff or physical urns and thus it also reduces the monetary investment. 

Security concerns of online voting : 

The common challenge while considering the online voting is the security of votes. The increased number of spoofing votes and voters, denial of service attacks, hacking voting campaigns, redirecting or intercepting votes, attacks on data centers are some of the basic threats for the online voting and thus it is essential to create policies and security standards, as absence of this may hinder the growth of the market. 

Increased adoption of technological advancement in government sector : 

The election commission of emerging countries government are looking at various sectors for online voting. The election commission of various countries are also collaborated with top key service provider in order to develop a highly secured block chain system for voting as this would help solve the problem of people being unable to vote.  In addition to this, every major political party in the world uses online voting for their own internal elections and thus these collaboration and policies is expected to increased lucent opportunities for the online voting system market. 

Key Segments covered:

Segments

Sub Segments

  Component Type

  • Solutions
  • Services
  • Hardware

  Platform  Type

  • Kiosk
  • Mobile devices
  • Personal computers  

  Voting type

  • On –site
  • Online voting
  • Remote online voting

  Organizational Size  

  • Small & Medium Enterprise
  • Large Enterprise

  End User   

 

  • Government
  • Universities
  • Companies
  • Colleges

 

Key benefits of the report:

  • This study presents the analytical depiction of the global online voting system market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global online voting system market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global online voting system market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed online voting system market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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