Board Portal Market Global Key Players, Emerging Industry Trends and Forecast to 2030
The board portal market was valued US$ 3360 Mn in 2020 and is anticipated to reach US$ 7930 Mn by 2030. Some of the primary market participants are Computershare Limited, Diligent Corporation and Nasdaq, Inc Admincontrol, Aprio Inc., Azeus Systems Ltd., Banc Intranets, LLC, BOARDEFFECT, Boardpaq LLC, Boardvantage, Directorpoint LLC, eShare Ltd., ICSA Boardroom Apps Limited., Leading Boards, M29 Technology and Design, Modevity, LLC, Passageways, Sherpany, StreamLink Software Inc., amongst others.
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Board portal is an app or software designed to provide secure digital communication among the board of directors and the company. The users have online access to both historic and current documents in addition to multitude of other tools to ensure secure communication. Such technological developments in IT sector has surged the demand for adopting the board portal services in the companies globally. Moreover, the surging demand to deploy advanced management systems and growing requirement to safeguard the shareholders trust across private sector enterprises, has increased the adoption of digitized services.
Board Portal Market, By Delivery Model
Board portal is a computerized workspace that allows directors and senior executives to securely access the confidential documents on any electronic gadget. Technological advancements in IT solutions such as software as a service (SaaS) model is the major factor driving the growth of board portal market. Hence, a desire for effective and reliable solution for secure exchange of documents is gaining importance. Industries such as BFSI, healthcare, education, oil & energy, non-profit organizations and others operate on advanced technologies such as software as a service (SaaS) model, hosted model and others. Growing government regulations and increasing board duties are encouraging the organizations to adopt the board portal technology. Although market is impacted by high initial cost of implementation and deployment, the increase in number of cybercrimes is expected to influence the growth of board portal industry. Surging mobility and globalization is increasing the demand for fast, secure and efficient board communication. Moreover, the increasing adoption of user friendly algorithm and new product development is expected to further deepen the market penetration of board portal over the forecast period.
Board Portal Market, By End-User Sector
Financial services are expected to hold the highest market share among the other board portal end users. Board portal in financial institutions helps in increasing efficiency and ensure secure exchange of confidential documents. For instance, the Aprio Boardroom, allows efficient access and data security for board information. Owing to these efficient factors, financial institutions globally are largely adopting board portal technology into their organizational structure. Furthermore, no additional requirement of hardware and staff to maintain the solution has inhibited the importance of board portal systems in the financial sectors.
Board Portal Market, By Region
North America region holds the largest market share among other regions for board portal market. The region accounts for major board portal users in the global market. The rising demand for advanced technologies in IT solutions in financial institutions and educational institutes amongst other industries in North America has contributed the growth in the region. Focusing on stringent security, the financial institutions in North America are adopting SaaS model for secure data exchange. In 2017, Banc Intranets, LLC designed enterprise content management software for credit unions, which replaced excess storage space requirements with real-time postings.
Board Portal Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Board Portal Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Board Portal Market: Regional analysis includes:
— Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
— Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
— North America (United States, Mexico and Canada.)
— South America (Brazil etc.)
— The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Board Portal market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Board Portal market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Board Portal market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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