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.
Kenneth Research has published a detailed report on Board Portal Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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The Global Board Portal Market, valued at USD 1.28 billion in the year 2019 has been witnessing unprecedented growth in the last few years on the back of increasing penetration of the technology in diverse industries. Board management or board portal is a collaborative tool that is utilized by corporates to plan progress, make timely decisions, and stay organized. Increasing data breaches and the need for secure data transmission among the board members is one of the major reasons behind the increasing level of penetration of board portals in companies. Additionally, with globalization & growing mobility, the demand for secure, fast, and efficient board communication and data sharing requirement has increased considerably.
Among the delivery models in the board portal industry (Saas Model, Hosted Model, In-House Model), SaaS Model has been gaining popularity among various end-user segments and is expected to keep major 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 SaaS solutions also enable enterprises to generate industry-specific customer data and intelligence.
The North American market is expected to lead the global market throughout the forecasted period. Because of the advanced infrastructure and telecommunications in the region, the cloud-based enterprise End-User is witnessing a large-scale adoption. Additionally, the presence of major players in the region focused on new product launches is expected to infuse market growth tremendously.
Scope of the Report
• The report analyses the board portal market by Value and by Penetration Rate.
• The report analyses the Board Portal Market by Delivery Model (SaaS Model, Hosted Model, In- House Model).
• The report assesses the board portal market by its end-user industry (Health Care, Financial Institution, Oil & Gas, Non-Profit Organization, Education).
• The Global Board Portal Market has been analysed By Region (North America, Europe, Asia Pacific, LAMEA) and By Country (United States, Canada, Germany, France, Italy, United Kingdom, China, Japan, India, Australia).
• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, delivery model and end-user industry. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Nasdaq, Inc, Computershare, BoardPaq LLC, Diligent Corporation, Admincontrol AS, Passageways, Boardeffect LLC, Dilitrust SAS, eShare, aprio, Directorpoint LLC.
• The report presents the analysis of board portal market for the historical period of 2015-2019 and the forecast period of 2020-2025.
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