Market Overview:
The global voting equipment market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for secure and accurate voting systems across the globe. In addition, the growing awareness about the benefits of using advanced voting systems is also contributing to the growth of this market. The global voting equipment market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into optical scan paper ballot systems, direct recording electronic (DRE) systems, ballot-marking devices and systems (BMDs), and others. DRE Systems are expected to witness highest growth during forecast period owing to their advantages such as accuracy, security & privacy features over other types of voting machines available in market currently .On basis on application , local election segment is anticipated grow with highest CAGR during forecast period due rising demand for secure & transparent elections process from citizens around world .
Product Definition:
voting equipment is a type of technology used to cast and tabulate votes. It can include devices like voting machines, optical scan ballots, and ballot marking devices.
Optical Scan Paper Ballot Systems:
Optical scan paper ballot systems are used to record the choice of a voter in an election. These systems comprise a scanner, which is used to capture the image of the voted slip and count it as a vote. The optical scan paper balloting system has been widely accepted across various countries and is being increasingly adopted by several local government bodies globally due to its benefits such as accuracy, transparency, reliability, cost-effectiveness among others.
Direct Recording Electronic (DRE) Systems:
Direct recording electronic (DRE) systems are used in the production of paper trails and can be defined as a set of electronic equipment that enables candidates to cast their votes directly on the storage device without any intervention from poll managers or election officials. The system is considered more accurate, efficient, and transparent than traditional optical scan technology.
The global DRE Systems market was valued at USD 1.5 billion in 2015.
Application Insights:
The national election segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The use of DRE systems at a national level has been prevalent since the past few decades owing to their ease of use, compact size, and ability to handle large volumes with ease. Furthermore, these systems are user-friendly as they do not require any physical contact between voter and machine; all voters have to do is insert their ballots into the machines after choosing an appropriate candidate for each office.
The local election segment is expected register considerable growth over the forecast period owing to increasing demand from developing countries such as India China Brazil etc., which are rapidly expanding their local government areas (LGAs). In addition, many developed countries like Australia U.K., France etc.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to various factors such as growing awareness among people about voting system, increasing number of DRE based elections, and rising adoption of online voting. In addition, countries such as India are adopting paper ballot systems at the polling stations despite being a digital nation due to lack of proper infrastructure. These factors are expected to drive demand for global voting equipment market in Asia Pacific during the forecast period.
However, North America and Europe regions are also anticipated to witness significant growth over the next eight years owing their high participation rate in national elections which leads them having greater control over government formation process resulting into greater spending on these systems by political parties resulting into higher demand for these machines across countries worldwide including Brazil, Mexico and Argentina etc., hence driving overall market growth worldwide during that period from 2018-2030 (please see Figure 1).
Growth Factors:
- Increasing demand for secure and accurate voting systems
- Growing awareness about the benefits of electronic voting systems
- Proliferation of advanced technologies that can be used for voting purposes
- Rising number of elections and referendums around the world
- Increasing demand for reliable and efficient vote counting solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Voting Equipment Market Research Report
By Type
Optical Scan Paper Ballot Systems, Direct Recording Electronic (DRE) Systems, Ballot-Marking Devices and Systems (BMDs)
By Application
Local Election, National Election
By Companies
Election Systems & Software, Inc (ES&S), Hart InterCivic, Inc., Dominion Voting Systems Corp, Clear Ballot Group, Inc., MicroVote General Corp., Smartmatic USA Corporation, Unisyn Voting Solutions, VotingWorks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Voting Equipment Market Report Segments:
The global Voting Equipment market is segmented on the basis of:
Types
Optical Scan Paper Ballot Systems, Direct Recording Electronic (DRE) Systems, Ballot-Marking Devices and Systems (BMDs)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Local Election, National Election
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Election Systems & Software, Inc (ES&S)
- Hart InterCivic, Inc.
- Dominion Voting Systems Corp
- Clear Ballot Group, Inc.
- MicroVote General Corp.
- Smartmatic USA Corporation
- Unisyn Voting Solutions
- VotingWorks
Highlights of The Voting Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Optical Scan Paper Ballot Systems
- Direct Recording Electronic (DRE) Systems
- Ballot-Marking Devices and Systems (BMDs)
- By Application:
- Local Election
- National Election
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Voting Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Voting equipment is any apparatus or device used in connection with voting, including ballots, scanners, and tabulators.
Some of the major players in the voting equipment market are Election Systems & Software, Inc (ES&S), Hart InterCivic, Inc., Dominion Voting Systems Corp, Clear Ballot Group, Inc., MicroVote General Corp., Smartmatic USA Corporation, Unisyn Voting Solutions, VotingWorks.
The voting equipment market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Voting Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Voting Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Voting Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Voting Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Voting Equipment Market Size & Forecast, 2018-2028
4.5.1 Voting Equipment Market Size and Y-o-Y Growth
4.5.2 Voting Equipment Market Absolute $ Opportunity
Chapter 5 Global Voting Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Voting Equipment Market Size Forecast by Type
5.2.1 Optical Scan Paper Ballot Systems
5.2.2 Direct Recording Electronic (DRE) Systems
5.2.3 Ballot-Marking Devices and Systems (BMDs)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Voting Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Voting Equipment Market Size Forecast by Applications
6.2.1 Local Election
6.2.2 National Election
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Voting Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Voting Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Voting Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Voting Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Voting Equipment Market Size Forecast by Type
9.6.1 Optical Scan Paper Ballot Systems
9.6.2 Direct Recording Electronic (DRE) Systems
9.6.3 Ballot-Marking Devices and Systems (BMDs)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Voting Equipment Market Size Forecast by Applications
9.10.1 Local Election
9.10.2 National Election
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Voting Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Voting Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Voting Equipment Market Size Forecast by Type
10.6.1 Optical Scan Paper Ballot Systems
10.6.2 Direct Recording Electronic (DRE) Systems
10.6.3 Ballot-Marking Devices and Systems (BMDs)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Voting Equipment Market Size Forecast by Applications
10.10.1 Local Election
10.10.2 National Election
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Voting Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Voting Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Voting Equipment Market Size Forecast by Type
11.6.1 Optical Scan Paper Ballot Systems
11.6.2 Direct Recording Electronic (DRE) Systems
11.6.3 Ballot-Marking Devices and Systems (BMDs)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Voting Equipment Market Size Forecast by Applications
11.10.1 Local Election
11.10.2 National Election
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Voting Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Voting Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Voting Equipment Market Size Forecast by Type
12.6.1 Optical Scan Paper Ballot Systems
12.6.2 Direct Recording Electronic (DRE) Systems
12.6.3 Ballot-Marking Devices and Systems (BMDs)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Voting Equipment Market Size Forecast by Applications
12.10.1 Local Election
12.10.2 National Election
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Voting Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Voting Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Voting Equipment Market Size Forecast by Type
13.6.1 Optical Scan Paper Ballot Systems
13.6.2 Direct Recording Electronic (DRE) Systems
13.6.3 Ballot-Marking Devices and Systems (BMDs)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Voting Equipment Market Size Forecast by Applications
13.10.1 Local Election
13.10.2 National Election
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Voting Equipment Market: Competitive Dashboard
14.2 Global Voting Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Election Systems & Software, Inc (ES&S)
14.3.2 Hart InterCivic, Inc.
14.3.3 Dominion Voting Systems Corp
14.3.4 Clear Ballot Group, Inc.
14.3.5 MicroVote General Corp.
14.3.6 Smartmatic USA Corporation
14.3.7 Unisyn Voting Solutions
14.3.8 VotingWorks
