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Industry Landscape
The election technology and policy industry is currently experiencing significant evolution, driven by increasing demands for transparency, security, and public trust. There's a growing push for open-source solutions and independent verification, moving away from proprietary 'black-box' systems. Cybersecurity threats necessitate continuous innovation and advisory services, while policy discussions are shaping the regulatory landscape to ensure fair and trustworthy elections. This also includes the significant role of non-profit organizations and academic institutions.
Total Assets Under Management (AUM)
Total Election Administration Spending in United States
~$13.9 Billion (2020 election cycle)
(Not readily available annually; spending peaks in presidential election years. CAGR)
- Spending is highly cyclical, peaking during federal election years.
- Includes federal, state, and local expenditures.
- Covers technology, personnel, and administrative costs.
Total Addressable Market
14 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Blockchain for Verifiable Records
Utilizing distributed ledger technology to create immutable and auditable records of election processes, enhancing transparency and integrity.
AI/Machine Learning for Threat Detection
Employing AI and machine learning algorithms to proactively identify and mitigate cybersecurity threats and detect anomalies in voting data.
Homomorphic Encryption
Enabling computations on encrypted election data without decrypting it, offering enhanced privacy while maintaining verifiability.
Impactful Policy Frameworks
Election Cybersecurity Best Practices
While not a single federal policy, ongoing efforts by agencies like CISA (Cybersecurity and Infrastructure Security Agency) continuously update and promote best practices and advisories for state and local election officials to enhance cybersecurity defenses of election systems.
This pushes OSET Institute's cybersecurity advisory role to the forefront, as election officials seek guidance on implementing these evolving best practices, aligning with OSET's mission to secure election infrastructure.
Voluntary Voting System Guidelines (VVSG) 2.0 (2021)
Developed by the Election Assistance Commission (EAC), VVSG 2.0 provides a set of requirements and guidelines for voting system hardware and software, focusing on security, accessibility, and transparency.
This directly influences OSET Institute's Technology R&D, as their open-source solutions and advocacy for trustworthy technology must align with or exceed these evolving federal guidelines, providing a framework for their work.
State-Level Post-Election Audit Requirements (Ongoing)
Numerous states have either implemented or strengthened laws requiring various forms of post-election audits, such as risk-limiting audits (RLAs), to verify election results independently.
These policies underscore the need for transparent and verifiable election technology, reinforcing OSET Institute's focus on 'glass-box public technology' and verifiable systems to meet these auditing demands.
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