“The Global Enterprise Portals market is estimated to reach $9.8 billion in 2015 at a CAGR of 23.3% during the period (2015-2020)”- according to the Infoholic Research. In 2015, 20-35% of the global enterprises will use the open source frameworks, and huge spending on enterprise portals services.
“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 2015” Said Tariq Shaik, Research Operations.
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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 2015 and expected the same growth by 2020 as well. BSFI has seen positive growth in the previous years and expected to grow at a CAGR of 22.8% by 2020.
Essential Take Away:
- 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 18.7% from 2015 to 2020.
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Ms. Sunanda Ganguli
Infoholic Research LLP