Kenneth Research, in its repository of market research reports, has recently added a report on Board Portal Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Board Portal Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Board Portal Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
According to Azoth Analytics research report “Global Board Portal Market – By Value, Penetration, Number of Users, Type of Board Portal (In-House, SaaS, Hosted) – By Region, By Country (2018 Edition) – Forecast to 2023”, global market is projected to display a robust growth represented by a CAGR of 30.58% during 2018-2023. SaaS Model of board portal has been gaining popularity in various 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 cost for the customers.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Overall board portal market is expected to grow majorly due to fast internationalization of business, adoption of technology based solutions for administrative and data warehousing works in organizations and offering of robust, secure and easy to use solutions by companies like Diligent, Boardvantage (Nasdaq) and Passageways. Among the regions, Americas accounts for the largest regional share in the global board portal market in 2018. Key factors driving the robust Americas market is early acceptance of board portals by organizations resulting in higher penetration of the board portal services in the region. While Nasdaq has opted for the acquisition route to expand and further penetrate the market by acquiring it’s key competitor Bordvantage, Passageways’ OnBoard strives to serve as central platform for secure real-time Communication.
The report titled “Global Board Portal Market – By Value, Penetration, Number of Users, Type of Board Portal (In-House, SaaS, Hosted) – By Region, By Country (2018 Edition) – Forecast to 2023” has covered and analyzed the potential of Global Board Portal Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global board portal market.
Scope of the Report
Global Board Portal Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Global Board Portal Market, By Value – Size and Growth
• Global Board Portal Market, By Penetration Rate
• Global Board Portal Market, By Number of Users – Size and Growth
• Global Board Portal Market, By Type of Delivery/Model
• Global Board Portal Market, By End-Users
Regional Markets – Americas, Europe, APAC (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Board Portal Market, By Value – Size and Growth
• Board Portal Market, By Penetration Rate – Size and Growth
• Board Portal Market, By Number of Users – Size and Growth
Country Analysis – U.S., Canada, United Kingdom, Germany, France, Japan, Australia, India (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Board Portal Market, By Value – Size and Growth
Other Report Highlights
• Segment Wise Market Share-By Company
• Market Dynamics – Drivers and Restraints
• Market Trends
• Company Analysis – Admin Control AS, Computershare, Diligent Corporation, Nasdaq Inc, Passageways, Aprio, BoardPaq, Boardeffect Inc., Dilitrust SAS, Director Point LLC.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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