Global Industry Insight: Board Portals Market Size, Share, Development, Growth and Demand Forecast to 2020

Web based portals are quickly becoming one of the popular corporate governance gizmos. The advantages of board portals such as enhanced board communication with document review capabilities, web conferencing, labor relation enhancements, easy login, video and audio clips sharing capabilities, and questionnaires functionalities has increased the market penetration of board portal in recent years; Moreover, board portal also facilitate document sharing technology, data encryption, and password protection in an organization.

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 algorithm 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 was the largest market of board portal in 2014, 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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Identifies the key drivers of growth and challenges of the key industry players.

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Uncovers potential demands in the market

Porter analysis identifies competitive forces within the market

Provides information on the historical and current market size and the future potential of the market

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Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions

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