Board Portal Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Board Portal Market: By Delivery Model (Enterprise Model, Hosted, Software as a Service (SaaS), and Others), By Generation (Generation 1.0, Generation 2.0, Generation 3.0, and Generation 4.0), By End-Use Industry (BFSI, Healthcare, Oil & Gas, Education, and Others), and By Geography

 

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Report

Description

Board Portal Market size was valued at USD 2,753.8 million in 2021, growing at a significant CAGR of 11.3% during 2022–2028. Over the last decade, there has been an increase in the number of data and security breaches. Because of the data kept on servers and in the cloud, there have been increased security breaches in enterprises. The necessity for better governance structure and steps to develop safe and secure ways of transmitting information among board members, directors, and top-level management has resulted in a surge in demand for enhancing IT infrastructure services in sectors such as healthcare and education. The growing concern about company security is the primary driver of industry expansion. The revenue of the board portals market is increasing as services are expanded into many industry categories, including banking, utilities, insurance, retail, oil & gas, consumer products, construction, manufacturing, healthcare, telecommunications, universities, and healthcare. Furthermore, the industry can benefit from increased R&D expenditures for the creation of technologically improved software for various applications, as well as the development of enhanced programs for the iPad, Android, and Windows, which are opportunities for the market. Also, conducting board portal platform awareness programs in underdeveloped countries, providing low-cost subscriptions, entry of market players into emerging countries due to rapid corporate sector development, and providing additional benefits with subscriptions such as cloud storage availability, special discount offers, and free trial subscriptions all help to boost board portal market revenue. Moreover, the increased demand for digital document management is another important driver of market expansion. Digital document management has increased dramatically over the years, due to advancements in software technology, remote working, and the necessity for file backup and retrieval. Any team, executive, or board should have file-sharing, remote editing, and device interoperability as standard requirements. The capacity to work, approve, share, and manage essential tasks of an organization remotely has assisted the emergence of digital document management. Data transfer and operability through multiple devices, as well as e-approval (by e-signatures) from any geographic location around the world, are ensured by board portals with digital document management. Additionally, the market is likely to benefit from a growth in the adoption of the bring with own device trend, which will be accompanied by increased mobile network coverage.

Recent Market Developments:

In March 2021, Computershare, Inc. announced the acquisition of the assets of Wells Fargo Corporate Trust Services. Wells Fargo Corporate Trust Services offers a diverse variety of trust and agency services connected with debt securities issued by banking and securities industries, public and private corporations, government entities.

Board Portal Market

MARKET SUMMARY
-
11.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 11.3%
  • Largest Market– Asia Pacific
  • Fastest Growing Market–  North America

Board Portal Market

  • The board portal market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The board portal market is segmented based on based on delivery mode, generation, end-use industry, and geography.
Key Players
  • Diligent Corp.
  • Nasdaq Inc.
  • Computershare Ltd.
  • Directorpoint LLC.
  • Azeus Systems Holdings Ltd.
Board Portal Market Dynamics

Integration of cloud-based technology with the organization’s portal services is widely used. Due to the widespread adoption of cloud-based technology integration with corporate portal services, which allows firms to run their own apps on cloud platforms, global demand for board portal software has risen dramatically in recent years. in addition, due to the availability of information on a single platform, cloud-based board portals allow for more efficient use of time and resources. Furthermore, the growing demand in most enterprises to tighten security standards for secret documents is propelling the market forward. Furthermore, board meeting management software grants authorized users access to information and data while preventing unauthorized users from doing so. However, the installation costs of board portals are relatively higher, and limited technical know-how and reliability, as well as new technology and operating costs, are expected to be the major restrain for the board portal market. Increasing cyber security vulnerabilities, inefficient risk management capability of board portals, and continuously varying auditing and accounting platforms, changing tax environment, and issues regarding the transition to web portals are expected to be the major barrier for the web portal market during the forecast period. Furthermore, lack of end-user awareness, regulatory compliance, an untrained staff, and the expensive initial cost of a board portal have all hampered the general use of this technology in a variety of service-based businesses, particularly in developing economies.


North-America Got Significant Share

Board Portal Market

The board portal market in North America is likely to hold the highest revenue share of 36.2% in 2021 and in the following years, it is predicted to increase at a rapid rate. Because of the early acceptance of advanced technologies and the rapid usage of smart technologies, board portal software in North America is growing at a substantial rate. In Europe, growing need to strengthen security measures for confidential data in most enterprises, particularly in nations like the United Kingdom, France, Germany, and others; the use of cloud networks is expected to promote market growth in the region. In Asia-Pacific, dominating countries like China, Japan, and India, is also expected to develop at the fastest CAGR. There has been an ongoing digital revolution and improvements in digital technology in the Asia Pacific area. This has provided advantages of digital technology adoption, such as enhanced corporate productivity and government backing for innovation in APAC countries.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The board portal market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Board Portal Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The board portal market size was valued at USD 2,753.8 million in 2021

 

The board portal market is poised to grow at a significant CAGR of 11.3% from 2022 to 2028.

 

Diligent Corp., Nasdaq Inc., Computershare Ltd., Directorpoint LLC., Azeus Systems Holdings Ltd., Modevity LLC., Aprio Inc., Boardpaq LLC., BoardVantage Inc., Directors Desk Inc.

North America is dominating the global board portal market.

 


Report

Company Profile

  • Diligent Corp.
  • Nasdaq Inc.
  • Computershare Ltd.
  • Directorpoint LLC.
  • Azeus Systems Holdings Ltd.
  • Modevity LLC.
  • Aprio Inc.
  • Boardpaq LLC.
  • BoardVantage Inc.
  • Directors Desk Inc.

Description

Board Portal Market size was valued at USD 2,753.8 million in 2021, growing at a significant CAGR of 11.3% during 2022–2028. Over the last decade, there has been an increase in the number of data and security breaches. Because of the data kept on servers and in the cloud, there have been increased security breaches in enterprises. The necessity for better governance structure and steps to develop safe and secure ways of transmitting information among board members, directors, and top-level management has resulted in a surge in demand for enhancing IT infrastructure services in sectors such as healthcare and education. The growing concern about company security is the primary driver of industry expansion. The revenue of the board portals market is increasing as services are expanded into many industry categories, including banking, utilities, insurance, retail, oil & gas, consumer products, construction, manufacturing, healthcare, telecommunications, universities, and healthcare. Furthermore, the industry can benefit from increased R&D expenditures for the creation of technologically improved software for various applications, as well as the development of enhanced programs for the iPad, Android, and Windows, which are opportunities for the market. Also, conducting board portal platform awareness programs in underdeveloped countries, providing low-cost subscriptions, entry of market players into emerging countries due to rapid corporate sector development, and providing additional benefits with subscriptions such as cloud storage availability, special discount offers, and free trial subscriptions all help to boost board portal market revenue. Moreover, the increased demand for digital document management is another important driver of market expansion. Digital document management has increased dramatically over the years, due to advancements in software technology, remote working, and the necessity for file backup and retrieval. Any team, executive, or board should have file-sharing, remote editing, and device interoperability as standard requirements. The capacity to work, approve, share, and manage essential tasks of an organization remotely has assisted the emergence of digital document management. Data transfer and operability through multiple devices, as well as e-approval (by e-signatures) from any geographic location around the world, are ensured by board portals with digital document management. Additionally, the market is likely to benefit from a growth in the adoption of the bring with own device trend, which will be accompanied by increased mobile network coverage.

Recent Market Developments:

In March 2021, Computershare, Inc. announced the acquisition of the assets of Wells Fargo Corporate Trust Services. Wells Fargo Corporate Trust Services offers a diverse variety of trust and agency services connected with debt securities issued by banking and securities industries, public and private corporations, government entities.

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