Voting Management Software Market Size, Share, Growth, and Industry Growth by Type (Cloud-Based and On Premises) By Application (Local Governments, Corporate and Industry, Associations, Education Unions, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

VOTING MANAGEMENT SOFTWARE MARKET REPORT OVERVIEW

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The global voting management software market size was USD 921.25 million in 2021 and is projected to touch USD 1692.6 million by 2031, at a CAGR of 6.27% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with voting management software experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Voting management software is used to manage the voting process of a group or organization. The software used to track absentee ballots, voter registration, and pull results. Further, it helps to accomplish the logistics of running a voting election, such as sending out ballots and scheduling polls. The software is capable to ensure accurate vote count.

The voting management software market growth is attributed to the rise in demand for transparent and secure elections, growing number of fraud activities in elections, increased demand for efficient election management solutions. Further, growing awareness about the benefits of the software and huge technology advancement is predicted to drive market growth. Rapid adoption of cloud-based solutions and the software offers scalability, flexibility, and affordability. High need for transparent and accountable elections is anticipated to push market progress in the forthcoming years.  Increased adoption of Internet and huge importance voting management software across the globe. On the contrary, high installation cost of the software is anticipated to limit market growth in the upcoming years.

COVID-19 Impact: Social Distance and Zero Contact Rules to Surge Market Progress

Rapid growth in digitalization due to lockdown restrictions to fuel market growth. Increased need for social distance and zero contact rules to surge market progress. The voting software has several benefits and can be assessed from any place of the world to expand market progress.

However, lockdown restriction and closure of manufacturing units to reduce market growth.

LATEST TRENDS

"Huge Adoption of Cloud-Based Software to Fuel Market Growth"

Increased adoption of clod-based software and easy access over the internet globally is expected to surge market growth.  The software offers to organize and manage large number of votes such as trade unions, political parties, and corporate shareholders. The software includes several features such as vote counting, online voting, and voter registration. The software used to track absentee ballots, voter registration, and pull results. Further, it helps to accomplish the logistics of running a voting election, such as sending out ballots and scheduling polls. The software is capable to ensure accurate vote count. Rapid adoption of cloud-based solutions and the software offers scalability, flexibility, and affordability. High need for transparent and accountable elections is anticipated to push market progress in the forthcoming years. 

VOTING MANAGEMENT SOFTWARE MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into cloud-based and on premises.

Cloud-based is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into local governments, corporate and industry, associations, education, unions, and others.

Local governments are expected to be the top part of application segmentation.

DRIVING FACTORS

"Increased Demand for Transparent and Secure Voting Process to Surge Market Growth"

Increasing demand for transparent and secure voting process globally and growing awareness about the benefits of the software and huge technology advancement is predicted to drive market growth. Increased adoption of Internet and huge importance voting management software across the globe. The software is used in online voting application such as registering voters, casting votes, tallying results, and delivering ballots to voters. The software gained huge demand for its unique and effective features. Also, rise in shift towards digital election strategies such as Electronic voting machines (EVM), e- Voting machines, Voter-verified paper audit trails (VVPAT), and Online voting systems (OVS) among others. It is feasible and user-friendly, which is predicted to surge market growth in the forthcoming years.

"Huge Adoption of Web Based Software and Growing Number of Fraud Activities in Elections to Foster Market Growth"

Increased adoption of web based software for it easy access through web browser. The software is used for survey and online polls. It is easy to use and does not require any special skills or knowledge. It is used as typically hosted on a remote server and it can be accessed from place of the world. Increased urbanization and rapid spending capacity of consumer is anticipated to accelerate market growth in the forthcoming years.

RESTRAINING FACTORS

"High Installation Cost of the Software to Obstruct Market Growth"

High installation cost of the software is anticipated to limit market growth in the upcoming years.

VOTING MANAGEMENT SOFTWARE MARKET REGIONAL INSIGHTS

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"Increased Investment in Developing Online Process in Asia Pacific to Drive Market Share  "

Asia Pacific is estimated to account highest CAGR of the voting management software market share due to increased investment in developing online process. Rise in awareness about voter registration and increased need for accountable and transparent elections. Further, growing awareness about the benefits of the software and huge technology advancement is predicted to drive market growth. Rapid adoption of cloud-based solutions and the software offers scalability, flexibility, and affordability. High need for transparent and accountable elections is anticipated to push market progress in the forthcoming years. 

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Smartmatic (U.K.)
• Scytl (Spain)
• Balloteer (U.S.)
• EZ Vote (U.S.)
• Clear Ballot (U.S.)
• ElectionBuddy (Canada)
• Telescope (U.S.)
• POLYAS GmbH (Germany)
• Votem (U.S.)
• Simply Voting (Canada)
• Election Systems & Software (U.S.)
• BigPulse (Australia)
• eBallot (U.S.)
• Intelivote (Canada)
• AVANTE International Technology, Inc. (U.S.)
• OpaVote

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.