Board Portals Market Size, Share, Trends, Technology, Competitive Analysis, Demand and Opportunities by 2023

Growing government regulation and increasing board duties are encouraging organization to update their board processes and practices. With globalization and increasing mobility the demand for fast, secure and efficient board communication and data sharing requirement has increased considerably during the past years. The data security has been a critical issue in the board portal market in the past few years. Board portal players with superior data encryption technology are expected to gain higher market share during the forecast period. Moreover, user friendly Aalgorithm and new product development are expected to increase the market penetration of board portal during forecast period.

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Increasing vulnerability of cyber security, inefficient risk management capability of board portal, and continuously varying auditing and accounting platforms, changing tax environment, and issue regarding transition to web portal, are expected to be the major hindrances for web portal market during the forecast period. Moreover, lack of awareness among the end users, unskilled workforce and high initial cost of board portal has also been hindering the widespread adoption of this technology in several service based industries, particularly in the developing markets of Asia-Pacific and South America.

Europe is the largest market of board portal, followed by North America. The market dominance of the developed regions can be attributed to the high adoption of board portal services by financial services providers. Asia-Pacific board portal market is still in its initial stage; however, the region is expected to witness the fastest growth during the forecast period; owing to increasing industrialization, growing healthcare industry and rising FDI in financial sector in developing countries such as China and India. County wise the U.S. and Canada are the largest market in North America. Germany, the U.K., France, Spain, and Italy have dominated European board portal market. China, Japan, India, South Korea and Australia are major board portal market in Asia-Pacific.

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Some of the competitors in the global board portals market are Admincontrol, Aprio, Banc Intranets LLC, BoardEffect Inc., BoardVantage Inc., Candlestiq LLC, Computershare Governance Services Inc., Diligent Corporation, Directors Desk LLC, eShare Ltd., ICSA Boardroom Apps Limited., Modevity LLC., M29 Technology and Design, Passageways, StreamLink Software Inc., Leading Boards, and Thomson Reuters.

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