What is Portal Software Market?
The global portal software market is expected to grow at a slow pace during the forecast period, according to the AMA study. The rising demand for website management due to rising number of SMEs across the world and high demand for automation across different industry verticals are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Collaboration, Content Management, Document Management, File Sharing, Real-Time Chat, Search and Others) and major geographies with country level break-up.
Microsoft (United States), Oracle (United States), Salesforce.com (United States), SAP (Germany), Unily (United Kingdom), Board Management Software, Inc (United States), Bitrix, Inc. (United States), Passageways (United States), Colibo (Denmark), Moxtra Inc. (United States), Samepage (United States) and LumApps SAS (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Portal Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Portal Software market by Type, Application and Region.
On the basis of geography, the market of Portal Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Websites Management Due to Rising Number of SMEs Across the World
- Increasing Demand for Automation Across Different Industry Verticals
Market Trend
- Increasing Implementation of Artificial Intelligence in Portal Software
Restraints
Opportunities
- Opportunities for Cloud-based Risk Management Solutions
Challenges
- Data Security Challenges in Cloud-based Deployment Models
- Requirement of Highly Skilled Professionals
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Propelling the Demand for Portal Management Solutions due to Reduction in Marketing & Operational Activities of the Organisations