November 25, 2019
According to the research report titled ‘Global Board Portal Market (2018 Edition): Insights, Analysis and Forecast to 2023 - By Value, By Number of Users, By Model, Penetration, End-User Industry, Company Analysis’ available with Market Study Report LLC, the global board portal market is expected to grow with a CAGR of 30.58% during the period of 2018-2023.
For the record, a board portal is a shared application that allows members of the board of a company to access information securely as well as to communicate remotely with other board members.
Rapid globalization, coupled with rising utilization of tech-based solutions are driving the growth of the global board portal market. These technology-centered services offer state-of-the-art, easy, and safe solutions for data warehousing and administrative operations, which is augmenting the demand for board portal solutions in various companies across the globe, thereby boosting the market growth.
As per product type, board portal market is categorized into SaaS, in-house, and hosted models, in which the SaaS model segment is projected to grow momentously, on account of its ability to provide customers with better security measures at lower cost.
Considering the geographical landscape, the global board portal market is divided into regions namely, Europe, Americas, and Asia-Pacific, with key focus on countries such as Canada, US, UK, France, Germany, Australia, India, and Japan. The report cites that Americas board portal market held the largest regional share in 2018, owing to early adoption of board portal solutions by businesses across the region.
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The key players in the global board portal market are Computershare, Admin Control AS, Diligent Corporation, Passageways, Nasdaq Inc., BoardPaq, Aprio, BoardEffect Inc., Director Point LLC, and DiliTrust SAS. According to the report, Nasdaq is in early talks to acquire its competitors Passageways Onboard and Nasdaq BoardVantage in its quest to serve as a central platform for real-time secure communication.
Notably, the research provides crucial statistics on the current size of the global board portal market, its position and prevailing growth factors. It encompasses details about the segmental revenue shares and analyzes the market dynamics.
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