Board Portal Market – Global Industry Analysis and Forecast (2024-2030)

Global Board Portal Market was valued at US$ 6.01 Bn in 2023 and is expected to reach US$ 22.17 bn by 2030, at a CAGR of 20.15 % during a forecast period.
Board Portal Market Overview
The board portal market has experienced substantial growth, driven by the increasing need for secure and efficient communication among board members. These digital solutions offer enhanced data security, streamlined processes, and improved collaboration, making them essential tools for modern corporate governance. As organizations strive to comply with stringent regulatory requirements and manage expanding board responsibilities, the adoption of board portals is expected to continue rising.

In North America board portal industry is particularly robust. This region leads in the adoption of digital governance solutions, driven by the presence of major corporations and stringent regulatory frameworks. Key players in the North American market, such as Diligent Corporation, Nasdaq Boardvantage, and BoardEffect, are continuously innovating to meet the evolving needs of their clients. These brands offer a range of features, including advanced encryption, user-friendly interfaces, and comprehensive support services, which enhance their market appeal and drive revenue growth.

The market for board portals is very competitive, with several major competitors and well-known brands present. At the forefront are businesses like Diligent, Azeus Convene, and Passageways OnBoard, which provide cutting-edge solutions to meet the varied demands of boards across a range of sectors. To keep ahead of the competition, these companies make significant R&D investments, concentrating on improving user experience and guaranteeing superior data security. The market is therefore seeing rising penetration rates and sales, which reflects the growing dependence on digital solutions for efficient board administration.To know about the Research Methodology:-Request Free Sample Report
Board Portal Market Dynamics
Rising Demand for Secure Board Communication Drives Growth in Board Portal Market

The increasing need for secure board communication solutions is driving robust growth in the board portal market. According to a recent report from the International Data Corporation (IDC), the market for board portal software is expected to experience significant revenue growth in the upcoming years, driven by the rising adoption of digital boardroom solutions. Organizations across various industries are recognizing the importance of secure, fast, and efficient communication tools for board members, especially amidst growing regulatory requirements and expanding board duties.

As per the Governance Institute of Australia, data security has emerged as a critical concern in board communication, leading companies to invest in board portal solutions with superior encryption techniques. The emphasis on user-friendly interfaces and continuous product development is driving increased sales and market penetration. As organizations prioritize secure and efficient board communication, the board portal market is poised for sustained revenue growth in the foreseeable future.

High cost associated with installation

The cost of installing a board gateway is a little higher. Because of this, many businesses still compile their board documents on huge paper packages and ship them out ahead of time for meetings.

Future growth in knowledge of the software and its potential uses might propel the market expansion of board portals in their respective end-user sectors. Board portals are used by several areas, including finance, education, healthcare, and energy and oil.

Concerns about data security and privacy associated with using meeting management software are impeding the market's adoption of board portals, End users are unaware of the security and dependability of these services in the oil and gas industry and elsewhere.
Board Portal Market Segment Analysis
According to MMR analysis, Software as a Service (SaaS) is the leading segment of the market in 2023 and is expected to continue its dominance during the forecast period. Software as a Service (SaaS) model of board portal has been gaining popularity in several end-user segments and is expected to keep gaining the market share in the forecast period on the back of higher security measures in the model and lower incurred initial and continuation costs for the consumers.
Board Portal Market Regional Insights:
North America is the largest global market for board portal. Also, the report assesses the key opportunities available in the market and summarizes the dynamic forces that are and will be accountable for the growth of the industry. Growth of the board portal market has also been forecasted for the period 2024-2030, taking into consideration foregoing growth outlines, growth drivers and the existing and upcoming trends.

A key development in the global board portal market: Nasdaq has determined for the acquisition route to expand and further penetrate the market by acquiring its key competitor Bordvantage, ‘Passageways’ On-board strives to help as a central platform for secure real-time Communication.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Board Portal Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Board Portal Market.
Board Portal Market, Key Highlights:
Global  Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Board Portal Market

Global Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global  Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Global Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Board Portal Market are also profiled.
Board Portal Market Scope : Inquire before buying



Global Board Portal Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2022
Market Size in 2023:
US$ 6.01 Bn .


Forecast Period 2024 to 2030 CAGR:
20.15%
Market Size in 2030:
US$ 22.17 Bn.


 Segments Covered:
by Delivery Models
Enterprise Software Licensing Model
Software as a Service (SaaS)
Hosted


by End User
Financial Services
Education
Healthcare
Oil & Energy
Others


by Organizational Size
Small & Medium Enterprise
Large Enterprise


by Industry Vertical
BFSI
Oil & Gas
Non–profit organization
Education
Healthcare & Life Science
IT & Telecom
Others



Board Portal Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Board Portal Market, Key Players are
1. Diligent Corporation
2. Nasdaq Incorporation
3. Passageways
4.ComputerShare
5. Leading Boards
6. Admincontrol AS
7. Directorpoint
8. BoardPaq
9. Eshare
10. Aprio Board Portal
11. Insight Venture Partners
12. SHERPANY
13. BoardEffect Inc.
14. M29 Technology and Design
15. Azeus Systems Ltd.
16. Banc Intranets, LLC
17. Modevity, LLC
18. StreamLink Software Inc.
19. BoardMaps
20. DiliTrust
21. BoardVantage Inc.
22. Candlestiq LLC
23. Directors Desk LLC
24. ICSA Boardroom Apps Limited.

Frequently Asked Questions:

1. Which region has the largest share in Global  Market?
Ans: North America region holds the highest share in 2023.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 20.15% during forecasting period 2024-2030.

3. What is scope of the Global market report?
Ans: Global Board Portal Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global  market?
Ans: The important key players in the Global Market are – Diligent Corporation, Nasdaq Incorporation, Passageways, ComputerShare, Leading Boards, Admincontrol AS, Directorpoint, BoardPaq, Eshare, Aprio Board Portal, Insight Venture Partners, SHERPANY, BoardEffect Inc., M29 Technology and Design, Azeus Systems Ltd., Banc Intranets, LLC, Modevity, LLC, StreamLink Software Inc., BoardMaps, DiliTrust, BoardVantage Inc., Candlestiq LLC, Directors Desk LLC, ICSA Boardroom Apps Limited., and.

5. What is the study period of this market?
Ans: The Global Market is studied from 2023 to 2030.