July 09, 2020
According to a recent study titled ‘Global Board Portal Market (2020 Edition) Analysis By Penetration Rate, Delivery Model, End-User, By Region, By Country: Market Insight, Competition and Forecast (2021-2025)-.’, available with Market Study Report LLC, global board portal market attained a valuation of USD 1.28 billion in 2019 and is expected to see significant growth through 2025.
Global board portal market is primarily driven by rising penetration of technology across various industry verticals. Increasing threats of data breach along with need for fast & secure data transmission among the board members, rapid globalization and growing mobility are encouraging the adoption of board portals.
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For the uninitiated, board portal, also known as board management solution, is collaborative tool designed to be used by corporates for staying organized, tracking & planning progress, and making timely decisions.
Based on the delivery model, global board portal market is divided into SaaS, hosted, and in-house. The report cites that SaaS segment accounts for majority market share and is slated to display strong growth over the forecast duration, owing to benefits like multiple layers of security and lower initial investment & operational costs. Moreover, SaaS model enables enterprises to extrapolate industry-specific customer data and intelligence, which further encourages the adoption of this model.
Considering the regional outlook, global board portal market is fragmented into North America (US, Canada, and Rest of North America), Europe (Germany, UK, France Italy, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of APAC), and LAMEA. North America is anticipated acquire a major portion of the market share in the upcoming years, attributable to an advanced infrastructure and telecommunication industry in the region. High product adoption among the cloud-based end-users, presence of leading players and new product launches are adding significant momentum to the regional industry expansion.
Major players in global board portal market are Aprio, Directorpoint LLC, EShare, Dilitrust SAS, BoardEffect LLC, Passageways, Admincontrol AS, Diligent Corporation, BoardPaq LLC, Computershare, and Nasdaq Inc.