North America Board Management Software Market to Grow at a CAGR of 14.9% to reach US$ 4000.4 Million from 2020 to 2027
The board management software market in North America is expected to grow from US$ 1392.3 million in 2019 to US$ 4000.4 million by 2027; it is estimated to grow at a CAGR of 14.9% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Nowadays, senior executives of diverse businesses need efficient time management in a rapidly growing business environment. Board management software enables them to reduce the time required for the preparation of a meeting. The software allows the admin to schedule meetings, create committees, share files, and conduct surveys. Directors use board management portals to have 24*7 access to the board information, from board packs to minutes of the meeting, on their devices. Availability of the all-time access to critical information helps them set schedule to review crucial documents and plan meetings. Such features help directors take informed board decisions and enhance management activities.
Board management software also helps administrative personnel and company secretaries reduce the administrative liability by streamlining the process of board books’ preparation and set board meeting agendas. The software allows access to information from various sources; thus, helps administrators create a digital board book, together with managing calendars from a central location. Additionally, the automated extraction of agendas and related documents reduce administration time of board meetings, which, in turn, help administrator draft minutes of the meeting accurately and rapidly.
Moreover, board management software allows automated circulation and tracking of accomplishments and submission rates; thus, it helps streamlining the managing directors' and officers' questionnaire process. The software simplifies the administration process and offers smooth analysis and reporting on survey outcomes by eliminating the requirement of collecting input survey data. Further, several organizations emphasize on reducing the use of paper. Board management software reduces or eliminates the use of paper from board practices. Board management software reduces workload and increases the efficiency of the processes related to board management; thus, various businesses deploy board management software. The above mentioned benefits is propelling the growth of North America board management software market
The US is the worst-hit country by the COVID-19 pandemic in North America. The continuous growth in the number of infected individuals has led the US government to impose lockdown across nation’s borders. Owing to the stricter containment measures taken by the government, several organizations have been temporarily shut down, which has been restraining the North America board management software market growth.
North America Board Management Software Market Revenue and Forecast to 2027 (US$ Mn)
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North America Board Management Software Market Segmentation
North America Board Management Software Market – By Deployment
- Cloud
- On premise
North America Board Management Software Market – By Application
- BFSI
- Education
- Healthcare
- Oil & Energy
- Government
- Others
North America Board Management Software Market – By Country
- US
- Canada
- Mexico
North America Board Management Software Market -Companies Mentioned
- Aprio Inc,
- Azeus Convene
- Boardable Board Management Software, Inc
- BoardBookit, Inc
- BoardPAC Inc, Diligent Corporation
- Governance and Executive Systems, Inc
- Nasdaq Inc, Passageways Inc
- Granicus, LLC
- BoardPaq LLC
- iCompass Technlogies
- Emerald Data Solutions, Inc
- Prime Government Solutions Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, Mexico, United States
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Board Management Software Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Board Management Software Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Reduction in Workload and Increase in Efficiency
5.1.2 Complex Regulatory Environment
5.2 Market Restraints
5.2.1 Risks Related to Data Security
5.3 Market Opportunities
5.3.1 Growing Adoption of Board Management Software by Diverse Industries
5.4 Future Trends
5.4.1 AI-Powered Board Management Portals
5.5 Impact Analysis Of Drivers And Restraints
6. Board Management Software– North America Market Analysis
6.1 North America Market Overview
6.2 North America Board Management Software Market Forecast And Analysis
6.3 Market Positioning
7. North America Board Management Software Market Revenue And Forecasts To 2027 – Deployment Type
7.1 Overview
7.2 Board Management Software Market, By Deployment Type (2019 and 2027)
7.3 Cloud
7.3.1 Overview
7.3.2 Cloud: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
7.4 On-Premise
7.4.1 On-Premise: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
8. Board Management Software Market Analysis – By Application
8.1 Overview
8.2 Board Management Software Market, By Application (2019 and 2027)
8.3 BFSI
8.3.1 Overview
8.3.2 BFSI Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Education
8.4.1 Education: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Healthcare
8.5.1 Healthcare: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Oil And Energy
8.6.1 Oil and Energy: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Government
8.7.1 Government: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Other
8.8.1 Other: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Board Management Software Market Analysis –By Countries
9.1.1 North America: Board management software Market, By Country
9.1.1.1 US: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Board Management Software Market, By Deployment Type
9.1.1.1.2 US: Board Management Software Market, By Application
9.1.1.2 Canada: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Board Management Software Market, By Deployment Type
9.1.1.2.2 Canada: Board Management Software Market, By Application
9.1.1.3 Mexico: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Board Management Software Market, By Deployment Type
9.1.1.3.2 Mexico: Board Management Software Market, By Application
10. Impact Of Covid-19 Pandemic On North America Board Management Software Market
10.1 North America Countries: Impact Assessment Of COVID-19 Pandemic
11. Industry Landscape
11.1 Introduction Market Initiative
11.2 Merger and Acquisition
12. Key Company Profiles
12.1 Aprio Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Azeus Convene
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Boardable Board Management Software, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BoardBookit, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 BoardPAC Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Diligent Corporation.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Governance and Executive Systems, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nasdaq Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Passageways Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Granicus, LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 BoardPaq LLC
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 iCompass Technolgies
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Emerald Data Solutions, Inc.
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Prime Government Solutions Inc.
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Board Management Software Market Revenue And Forecasts To 2027 (US$ Mn)
Table 1. North America Board Management Software Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 2. US Board Management Software Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. US Board Management Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada Board Management Software Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada Board Management Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico Board Management Software Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico Board Management Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. Glossary Of Terms, North America Board Management Software Market
LIST OF FIGURES
Figure 1. North America Board Management Software Market Segmentation
Figure 2. North America Board Management Software Market Overview
Figure 3. North America Board Management Software Market- By Deployment Type
Figure 4. North America Board Management Software Market- By Application
Figure 5. North America Board Management Software Market: Pest Analysis
Figure 6. North America Board Management Software Market Ecosystem Analysis
Figure 7. North America Board Management Software Market Expert Opinion
Figure 8. North America Board Management Software Market Impact Analysis Of Drivers And Restraints
Figure 10. North America Board Management Software Market Forecast And Analysis To 2027
Figure 11. Board Management Software Market Revenue Share, By Deployment Type (2019 and 2027)
Figure 12. Cloud: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. On-Premise: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Board Management Software Market Revenue Share, By Application (2019 and 2027)
Figure 15. BFSI: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Education: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Healthcare: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Oil And Energy: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Government: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Other: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. North America: Board Management Software Market Revenue Share, By Country (2019 and 2027)
Figure 22. US: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Canada: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Mexico: Board Management Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Impact Of Covid-19 Pandemic In North America Country Markets
The List of Companies - North America Board Management Software Market
- Aprio Inc.
- Azeus Convene
- Boardable Board Management Software, Inc.
- BoardBookit, Inc.
- BoardPAC Inc.
- Diligent Corporation.
- Governance and Executive Systems, Inc.
- Nasdaq Inc
- Passageways Inc.
- Granicus, LLC
- BoardPaq LLC
- iCompass Technolgies
- Emerald Data Solutions, Inc
- Prime Government Solutions Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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