(MENAFN– America News Hour) In a recent published report, Kenneth Research has updated the market report for Enterprise Portal Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Enterprise Portal Market products.
The Enterprise Portal Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Synopsis of Enterprise Portal Market:
The enterprise portals market is evolving worldwide by offering information with respect to client requirements. It is observed that the end-user requirements are changing day by day and enterprises want to reach their audiences easily. Portals meet the requirements of users and allow them to add new ideas, designs, services and solution to the market. It is observed that large and small vendors are quite competent in portal market.
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The key players in the global enterprise portal market include Red Hat, Inc., Liferay, Inc., Sitecore, Iflexion, Tata Consultancy Services Limited, Infosys Limited. Red Hat, Inc. has built an enterprise portal named as JBoss, the portal is considered as the ideal lean portal solution for developing customized, highly accessible self-service applications that deliver powerful performance and value. The company also announced the global availability of its JBoss platform, it offers an integrated and standards-based open source platform for hosting, portal-based applications and rich web presences.
The platform maintains its focus on enterprise needs with improved server performance, high availability, easy installation, and configuration. Infosys Limited, a prominent player in global enterprise portal market, has designed an enterprise information portal that provides services such as strategy development, governance, architecture development, strategic audit, taxonomy consulting, migration strategy & planning, user experience design, product evaluation, configuration, and customization.
The enterprise portal market is getting popular day by day owing to factors such as cost-effectiveness, user-friendly environment, and implementation. It is observed that enterprises are showing interest in adopting portal and are investing more in their portal design. The rising competition among enterprises to retain customers is further fueling the market growth.Global Enterprise Portal Market is estimated to grow at a CAGR of approximately 23% during the forecast period of 2017-2023.
Some of the prominent players in the global enterprise portal market: 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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Type, service and vertical segment the global enterprise portal market. 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.
The global enterprise portal market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America market is anticipated to grow at the highest CAGR in the global enterprise portal market. 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. The presence of major technology giants in the region is the major reason boosting enterprise portal market growth.
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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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