Board Portal Market Market Size

Board Portal Market size was valued at USD 3.12 billion in 2024 and is expected to reach USD 13.77 billion by the end of 2037, registering around 12.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of board portal is evaluated at USD 3.42 billion. The primary factor fueling the market's expansion is organizations’ growing concerns about security. Over the past ten years, there has been an increase in the demand for data and security breach cases. The data that is kept on servers and in the cloud has led to an increase in security breaches in businesses. The anticipated damage of a ransomware assault on IT behemoth Cognizant in 2020 is between USD 50 and USD 70 million. According to cybersecurity ventures, by 2021, cybercrime will cost the world USD 6 trillion USD.

In addition to these, the rising demand for digital document management is also a major factor in boosting the board portal market growth. With development in software technology, remote working, and the demand for file backup and retrieval, digital document management has grown drastically over the years. File-sharing, remote editing, and device interoperability are standard requirements for any team, executive, or board. The development of digital document management has been facilitated by the capacity to collaborate, approve, share, and oversee critical organizational functions from a distance. Board portals featuring digital document management provide data transfer, device operability, and e-approval (by e-signatures) from any point in the globe. According to Record Storage Systems, 2020, document issues like retrieval and organizations represent 21.3% of productivity loss, while nearly 7.5% of paper documents are lost.