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Difference between Portable and Installer Software:
Portable application is simply an executable file. It are often placed during a folder on your computer, a USB flash drive or the other removable media and launched from there. Portable software creates configuration files in its folder and typically doesn’t change anything within the system it runs on. If you copy the configuration files along side the executable file to a different media, all of your settings are going to be carried across too.
Installer is an application packaged into an installation program. The installer places the appliance into a selected folder (usually in Program Files), creates shortcuts and adds an uninstaller. The installer can also register extra components within the system to enable additional functionality within the application.