North America Board Management Software Market to Grow at a CAGR of 14.9% to reach US$ 4000.4 Million from 2020 to 2027

North America Board Management Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Deployment Type (Cloud and On Premise), and Application (BFSI, Education, Healthcare, Oil & Energy, Government, and Others)

  • Report Code : TIPRE00014753
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 122
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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 Revenue and Forecast to 2027 (US$ Mn)
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Deployment Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Canada, Mexico, United States

The List of Companies - North America Board Management Software Market

  1. Aprio Inc.
  2. Azeus Convene
  3. Boardable Board Management Software, Inc.
  4. BoardBookit, Inc.
  5. BoardPAC Inc.
  6. Diligent Corporation.
  7. Governance and Executive Systems, Inc.
  8. Nasdaq Inc
  9. Passageways Inc.
  10. Granicus, LLC
  11. BoardPaq LLC
  12. iCompass Technolgies
  13. Emerald Data Solutions, Inc
  14. 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.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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