Board Portals Market Size, Share, Development, Growth and Demand Forecast to 2020.pdf
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Global <strong>Board</strong> <strong>Portals</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>, <strong>Growth</strong><br />
<strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> 2020<br />
Web based portals are quickly becoming one of the popular corporate governance gizmos. The advantages of<br />
board portals such as enhanced board communication with document review capabilities, web conferencing, labor<br />
relation enhancements, easy login, video <strong>and</strong> audio clips sharing capabilities, <strong>and</strong> questionnaires functionalities<br />
has increased the market penetration of board portal in recent years; Moreover, board portal also facilitate<br />
document sharing technology, data encryption, <strong>and</strong> password protection in an organization.<br />
Explore more or request TOC on Global <strong>Board</strong> <strong>Portals</strong> <strong>Market</strong> at: https://www.psmarketresearch.com/marketanalysis/board-portals-market<br />
Growing government regulation <strong>and</strong> increasing board duties are encouraging organization <strong>to</strong> update their board<br />
processes <strong>and</strong> practices. With globalization <strong>and</strong> increasing mobility the dem<strong>and</strong> for fast, secure <strong>and</strong> efficient<br />
board communication <strong>and</strong> data sharing requirement has increased considerably during the past years. The data<br />
security has been a critical issue in the board portal market in the past few years. <strong>Board</strong> portal players with<br />
superior data encryption technology are expected <strong>to</strong> gain higher market share during the forecast period.<br />
Moreover, user friendly algorithm <strong>and</strong> new product development are expected <strong>to</strong> increase the market penetration<br />
of board portal during forecast period.<br />
Increasing vulnerability of cyber security, inefficient risk management capability of board portal, <strong>and</strong> continuously<br />
varying auditing <strong>and</strong> accounting platforms, changing tax environment, <strong>and</strong> issue regarding transition <strong>to</strong> web<br />
portal, are expected <strong>to</strong> be the major hindrances for web portal market during the forecast period. Moreover, lack<br />
of awareness among the end users, unskilled workforce <strong>and</strong> high initial cost of board portal has also been<br />
hindering the widespread adoption of this technology in several service based industries, particularly in the<br />
developing markets of Asia-Pacific <strong>and</strong> South America.<br />
The blue chip companies’ held majority of the board portal market share in 2014. Financial services sec<strong>to</strong>r are by<br />
far the largest end users of board portal services; however in recent years the board portal market has moved<br />
beyond catering <strong>to</strong> its traditional end users <strong>to</strong> include medium <strong>and</strong> large sized manufacturing <strong>and</strong> IT services<br />
industries. The board portal services are expected <strong>to</strong> witness considerable growth in IT services sec<strong>to</strong>r <strong>and</strong><br />
healthcare industries in developing market of Asia-Pacific region during the forecast period.<br />
Based on delivery models the global board portal market can be broadly classified as, SaaS model, hosted<br />
model, <strong>and</strong> enterprise software licensing model. On the basis of delivery mode the global board portal market can<br />
be further classified as web based <strong>to</strong>ol, iPad, <strong>and</strong>roid, <strong>and</strong> windows.<br />
Europe was the largest market of board portal in 2014, followed by North America. The market dominance of the<br />
developed regions can be attributed <strong>to</strong> the high adoption of board portal services by financial services providers.<br />
Asia-Pacific board portal market is still in its initial stage; however, the region is expected <strong>to</strong> witness the fastest<br />
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