North America Board Management Software Market Dynamics and Trends by 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)

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.  

North America Board Management Software Report Scope