Press release
Global Board Portal Market to Reach USD 22.17 Billion by 2030, Growing at 20.15% CAGR
Board Portal Market
The global board portal market is experiencing significant expansion, driven by the increasing demand for secure and efficient communication among board members. Valued at approximately USD 2.813 billion in 2023, the market is projected to reach USD 6.234 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 12.4% during the forecast period.
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Competitive Landscape and Regional Demand
The market is characterized by intense competition, with key players such as Diligent Corporation, Nasdaq, and Passageways (OnBoard) leading the charge. These companies are continually innovating to meet the evolving needs of their clients, offering features like advanced encryption and user-friendly interfaces. Notably, North America leads in the adoption of digital governance solutions, driven by the presence of major corporations and stringent regulatory frameworks.
United States: Board Portal Market Growth and Consolidation
In the United States, the board portal market is witnessing substantial growth, propelled by the rapid digital transformation across industries. Organizations are increasingly adopting technology to enhance board communications and streamline decision-making processes. This trend is further supported by the need for enhanced security in board communications, leading to a surge in the adoption of board portal solutions.
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Segmentation Analysis
by Delivery Models
Enterprise Software Licensing Model
Software as a Service (SaaS)
Hosted
Software as a Service (SaaS) is the market's leading segment in 2023, and its dominance is predicted to continue throughout the forecast period. The Software as a Service (SaaS) model of board portal has been gaining popularity in several end-user segments and is expected to continue to gain market share during the forecast period due to increased security measures in the model and lower initial and ongoing costs for consumers.
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
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Key Market Participants:
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.
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