Global Board Portal Market Estimated to surge rapid growth rate by 2021, driven by Growing Trend of Paperless Board Meetings

Published on : Apr 17, 2017

Albany, New York, April 17, 2017: The acceptance and use of board portal have increased significantly over the years as it helps organizations in several ways. As per a recent research study, the global portal addressable market is anticipated to grow at a significant growth rate over the forecasted period i.e. 2017 to 2021. To analyze the market trends and growth factors of the estimated growth, analysts have studied the global market and prepared a new study, which is titled as “Global Board Portal Market: Size, Trends & Forecasts (2017-2021)”. This study is now a part of the mega-repository of Market Research Hub’s research offerings.

Geographically, the report contains a brief regional analysis of North America and ROW market in terms of volume, addressable market and penetration rate. The key findings of the report state that, at present, North America is the largest market for board portal globally; and is expected to achieve maximum penetration with huge growth opportunities in the private sector of UK, France and Germany.

Firstly, the report starts by introducing the board portal, its features, board portal delivery models and generation. A board portal is an online tool that lets boards of directors and seniors’ executives securely access board materials on any device, through Android, I-pad web-based tools or windows. There are three primary delivery methods are used for enterprise software;

  • Software as a Service (SaaS) model
  • Licensed model
  • A hosted model

Advantages of board portals like improved board communication with document review capabilities, web conferencing, labor relation enhancements, easy login, video and audio clips sharing capabilities and questionnaires functionalities have increased the market penetration of board portal in recent years, which is further expected to boost rapidly by the end of 2021.

In the next part, the report also enumerates the key opportunities available in the market and summarizes the dynamic forces that are and will be accountable for the growth of the industry. Currently, the increasing utilization of tablet computers such as iPads among board member of companies is the foremost reason driving the global market. Some of the other key factors driving the global board portal market are:

  • Increasing security concern in the organization
  • Better collaboration between directors
  • Rising Demand for digital document management
  • Lower cost of board portal solutions
  • Growing trend of paperless board meetings

Apart from that, the report finds that balancing security issues and regulatory compliances are some of the major challenges, hindering the market growth.

Moreover, the report describes the overall competitive landscape in the global market, by profiling major players available in the market, such as

  • SHERPANY (Boardroom)
  • Insight Venture Partners (Diligent)
  • Passageways (OnBoard)
  • NASDAQ (Director Desk)
  • Leading Boards

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