Enterprise Portal Market is expected to Reach Approximately USD 31.1 billion by 2032

press release/- Market Research Future Published a Half Cooked Research Report on Global Enterprise Portal Research Report.

 Market Overview:

Enterprises are implementing advanced technology trends and re-defined the way resources work, collaborate and exchange information across the globe. Enterprise portals (EP) offer a single interface to users so that they can access all kinds of enterprise data to collect and personalize information through application-specific portals. Also, the easy usage of enterprise portals through mobile devices and home PCs at single information access is driving the market. However, due to resource and security concerns there is a slow adoption of enterprise portal in organizations.

The global enterprise portal market is segmented by type, service, and vertical. 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.

According to the analysis of Market Research Future, the global Enterprise Portal market is estimated to generate a revenue of approximately USD 31.1 Billion by 2023 growing at a CAGR of 10.47% during the forecast period 2024-2032.

Some of the key players in the 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.

The market grows attributed to the increase in a number of portals used by the employees. The enterprise portal integrates with multiple portals that offer significant information for customers, employees, and business partners. The lean portal market process is an emerging market for the enterprise portal. Owing to its easy deployment process and access to more customized data, the market potential of the lean portal is increasing as most of the regions are adopting this technology for different verticals. The small vendors are offering better features than larger vendors which helps them in capturing the market. However, security issues with the virtualization of data will hamper the market.