Global Election Voting Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Election Voting Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An election voting system is a way to cast and count the choices a voter makes on a ballot. A voting system consists of four main parts: election management system, precinct count system, central count system, accessible voting solution.

Market Overview:

The latest research study on the global Election Voting Systems market finds that the global Election Voting Systems market reached a value of USD 937.34 million in 2022. It’s expected that the market will achieve USD 1205.09 million by 2028, exhibiting a CAGR of 4.28% during the forecast period.

IDEA emphasizes the risk of generation gap. Because the elderly are more vulnerable to the threat of COVID-19, IDEA points out that the elderly and other high-risk groups may be effectively excluded from participation. Finally, many countries may face additional difficulties in ensuring that citizens living abroad can vote.

In the United States, the Democratic primary election is a case of difficulty in organizing voting during the epidemic election. So far, the additional financial resources are needed to ensure the safety of voters on election day. States are now allowed to use more than $800 million in election security funds to buy cleaning supplies. Previously, most of these funds were used for network security.

Lack of skilled or professional labor force

For enterprises, the labor cost will be more obvious. The main reasons for this high labor cost are as follows: The election voting systems developers and administrator needs to be trained to learn how to best monitor and troubleshoot the faults when problems occur. Enterprises will pay higher wages if they want to hire them. Moreover, when the actual development experience of these talents is mature, enterprises need to pay higher wages if they want to retain these talents. Secondly, in order to cultivate the ability and level of the company's workers, it is necessary to train them regularly, or even go on business trips to study. However, a large amount of costs and expenses incurred in the process of personnel training can only be paid by enterprises themselves, thus increasing the cost burden of enterprises.

Security of election voting systems

Security of election systems is a top priority. Scientists and security experts have recorded many potential vulnerabilities faced by any Internet voting platform, including malware and denial of service attacks; Voter certification; Ballot protection and anonymity; And how to deal with disputed votes. The lack of meaningful written records of voter verification means that there is no way to effectively audit the results. Counties are required to adopt and use minimum security procedures. These procedures cover a wide range of processes and activities, including but not limited to, staffing and facilities security, pre-election system testing (also known as logic and accuracy testing), ballot distribution and transport and voting equipment storage.

Region Overview:


Geographically, North America held the largest market share 35.85%in 2021.

Company Overview:

ES&S is one of the major players operating in the Election Voting Systems market, holding a share of 17.93% in 2022.

ES&S

Election Systems & Software (ES&S) is an Omaha, Nebraska-based company that manufactures and sells voting machine equipment and services. The company's offerings include vote tabulators, direct-recording electronic (DRE) machines, voter registration and election management systems, ballot-marking devices, electronic poll books, Ballot on Demand printing services, and absentee voting-by-mail services.

Smartmatic

Smartmatic is the global leader in secure, auditable election technologies & services for election management bodies and voting jurisdictions. In addition to voting technology and services, Smartmatic also provides e-government solutions that help cities become smarter, safer and better connected.

Segmentation Overview:

As for product types, the Paper Ballot segment held the largest market share in 2021.

Paper Ballots

The paper ballot is a traditional method used for vote counting. The basic thing it is able to provide to the voters is the trust factor. There are different types of paper ballots, such as optical scan paper ballot systems, which allow voters to mark their votes by filling in a box. These ballots are scanned either at the polling place or at a central location.

DRE

A voting machine that is designed to allow a direct vote on the machine by the manual touch of a screen, monitor, wheel or other devices. A DRE records the individual votes and vote totals directly into computer memory and does not use a paper ballot. Some DREs come with a Voter-Verified Paper Audit Trail (VVPAT), a permanent paper record showing all votes cast by the elector. Voters who use DRE voting machines with paper trails have the opportunity to review a paper record of their vote before casting it. Voter-marked paper ballots and VVPATs are used as the vote of record for counts, audits and recounts.

Online Voting

Online voting systems allow groups to securely conduct votes and elections. As a digital platform, they eliminate the need to gather in person, cast votes using paper, or by any other means (e.g., email, insecure survey software).

Application Overview:

The market's largest segment by application is the segment Government, with a market share of 42.14% in 2021.

Key Companies in the global Election Voting Systems market covered in Chapter 3:

Votem
Clear Ballot
ES&S
AssociationVoting
Simply Voting
Smartmatic
Hart InterCivic
eBallot
Polyas
Balloteer
electionbuddy
AVANTE Election Management System (EMS)
Intelivote
Runbeck
Dominion Voting Systems
Scytl

In Chapter 4 and Chapter 14.2, on the basis of types, the Election Voting Systems market from 2018 to 2029 is primarily split into:

Paper Ballots
DRE
Online Voting
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Election Voting Systems market from 2018 to 2029 covers:

Government
Companies
Universities
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)