- Enterprise portals are implementing advanced technology trends and have re-defined the way resources work.
- Security issues with virtualization of data will hamper the market.
- The North American market is anticipated to grow at the highest CAGR
Enterprise portals are implementing advanced technology trends and have re-defined the way resources work, collaborating and exchanging information across the globe. Enterprise portals (EP) offer a single interface to users so that they can access all kinds of enterprise data to collect and personalize information through application-specific portals.
Easy usage of enterprise portals through mobile devices and home PCs at single information access is driving the market. However, due to resource and security concerns there is a slow adoption of enterprise portal in organizations.
Market growth is attributed to the increase in the number of portals used by the employees. The enterprise portal integrates with multiple portals that offer significant information for customers, employees, and business partners. The lean portal market process is an emerging market for the enterprise portal. Owing to its easy deployment process and access to more customized data, the market potential of the lean portal is increasing as most of the regions are adopting this technology for different verticals. Small vendors are offering better features than larger vendors which helps them in capturing the market. However, security issues with virtualization of data will hamper the market.
According to the analysis of Market Research Future, the global Enterprise Portal Market Growth is estimated to generate a revenue of approximately USD 41 Billion by 2023 growing at a CAGR of 23% during the forecast period 2018-2023
The global Enterprise Portal Market Growth is segmented by type, service, and vertical. The type segment consists of information portal, collaborative portal, and application portal. The application portal is further classified into employee portal, customer portal, supplier portal and other portals. The service segment consists of Enterprise Content Management Service (ECM), Enterprise Collaboration Service (ECS) and Enterprise Search Service (ESS). The vertical segment consists of BFSI, Government, IT & telecommunication, healthcare, retail, and others.
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The global Enterprise Portal Market Growth is studied in Asia Pacific, North America, Europe, and
Rest of the World. It has been observed the North American market is anticipated to grow at the highest CAGR in the global Enterprise Portal Market Growth. Owing to fast implementation of advanced technology, well-established trade center and the rising competition among market players. The market for enterprise portals in Asia Pacific is expected to grow with the highest CAGR. The rise in the number of manufacturing & automotive industry in the region is boosting the Enterprise Portal Market Growth. The presence of major technology giants in the region is the major reason boosting Enterprise Portal Market Growth growth.
Some of the prominent players in the global Enterprise Portal Market are Red Hat Inc. (U.S.), Liferay Inc (U.S.), Sitecore (Denmark), Iflexion (U.S.), Tata Consultancy Services Limited (India), Infosys Limited (India), HCL Technologies Limited (India), Accenture Plc (Ireland), International Business Machines Corp (U.S.), Microsoft (U.S.) and others.
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