About Digital Voting-
Digital, or e-voting, refers to the application of technology to cast, count, and record vote results, such as an entirely devoted terminal, kiosk, or, as is increasingly common these days, a computer software-based app. Benefits include more votes cast, faster results of the vote with fewer errors, and the ability to easily broadcast real-time results to constituents. Members can vote for the option they believe is in the best interests of their constituents using digital voting. Digital voting can speed it up the recording process and boost accuracy for motions which require a certain number of voting members to be carried. Furthermore, results are captured electronically in minutes and are adeptly published to the group's website including both real-time and/or archive purposes.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Digital Voting is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Voting- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
POLYAS I Digital Democracy (Germany), Smartmatic. (United Kingdom), ElectionBuddy (Canada), votebox. (United States), Benel Solutions Corp. (United States), Australian Election Company Corp (Australia), eBallot (United States), Votechain (United States), evote Technologies Pvt Ltd. (India) and Votem Corp. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Voting- market by Type (Direct Recording Electronic (DRE) Voting Machines, OMR Systems, Electronic Ballot Printers (EBPs) and Internet Voting Systems), Application (Government, Membership associations, Partnerships, Corporations, Unions, Educational institutions, Churches and Clubs) and Region.
On the basis of geography, the market of Digital Voting- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Platform, the sub-segment i.e. Kiosk will boost the Digital Voting- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Digital Voting- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Digital Voting- Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Corporate Infrastructure Raise Internal Elections Leads The Demand For Digital Voting
- Increasing Demand For Real-Time Polling
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Influencing Trends | - Integration With Advanced Technologies Such As AI And Blockchain
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Restraints | - Concern Regarding To Data Privacy Concern
- Government Strict Regulation on Digital Voting
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Road Blocks / Challenges | - Technological Complexity Associated With Digital Voting
- High Cost Associated With Development Of Digital Voting System
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Gaps & Opportunities | - Demand Of Digital Voting In Corporation Sectors
- Increasing Penetration Of Smartphone Has Boosted Demand For Smartphone Supported Digital Voting
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On 26 July 2021, Votechain, a tech startup focused on blockchain based online digital solutions has launched India’s blockchain-based online voting platform eazyvc.com. It is the first blockchain-based e-voting platform in India and the application of this platform ranges from elections of IBC/IRPs, housing societies, education institutes, NGOs, government bodies, clubs, associations and more
On July 1, 2022, revisions to the Ordinance on Political Rights (PoRO) and a completely revised Ordinance of the Federal Chancellery on Electronic Voting (OEV)) entered into force in Switzerland. They amend the legal requirements for electronic voting (e-voting) trials and introduce, among other things, stricter security and transparency requirements and require the involvement of independent experts.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.