BANGALORE, India, July 27, 2020 /PRNewswire/ -- A virtual data room is a digital knowledge archive, which is used to store and share documents. Most companies opt for virtual data room solutions to protect their financial data when sharing a business agreement with other parties. The use of a virtual data room is becoming increasingly popular due to its high-security feature. The increase in the need for intellectual property and risk management is fuelling the growth of Virtual Data Room Market size.
The global virtual data room market size was valued at USD 1.3 Billion in 2018 and is projected to reach USD 3.63 Billion by 2026, growing at a CAGR of 13.70% from 2019 to 2026.
The Virtual Data Room Market report provides an in-depth analysis of the global virtual data room market along with the current & future trends to elucidate the imminent investment pockets.
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TRENDS INFLUENCING THE VIRTUAL DATA ROOM MARKET SIZE:
The growing need for risk management, the need for intellectual property, rising cloud adoption and increasing volumes of business data from business deals have propelled the growth of Virtual Data Room market size.
IPO transactions are on the rise across the world. Companies involved in M&A would then need to collect the data, screen it, and display it while keeping confidentiality & data protection in mind during the transaction. Institutions can practice sensitive data sharing in a safe manner, using virtual data rooms without the need for physical data rooms. This high-security feature is expected to increase the Virtual Data Room Market Size.
Increasing the adoption of virtual data rooms by the large enterprise and SME is expected to fuel the growth of virtual data room market size.
Cloud-based Virtual Data Room systems have additional benefits because they are typically available digitally and can be accessed from anywhere, whenever desired. The low cost and ease of deployment have made the cloud a highly attractive distribution model. Because of the cost factor, small and medium-sized businesses (SMEs) prefer to embrace cloud-based systems as opposed to on-site models.
VIRTUAL DATA ROOM MARKET SHARE ANALYSIS
The Finance segment is expected to account for the largest Virtual Data Room Market share during the forecast period.
Based on the region, North America is expected to hold the largest market share during the forecast period. This growth is attributed to the widespread deployment of virtual data room solutions to utilize customer data to stay competitive in the market. Increasing customer information through various data sources is forcing new technologies and better integration into current, and existing virtual data room solutions are needed.
Asia-Pacific region is expected to witness the highest growth rate during the forecast period.
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Key Market Segments:
By Deployment Mode
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Business Function
- Marketing & Sales
- Workforce Management
By Industry Vertical
- Retail & Ecommerce
- Energy & Utilities
- IT & Telecom
- Construction & Real Estate
Key Market Players
- Brainloop AG
- Caplinked Inc.
- Citrix Systems Inc.
- Drooms GmbH
- Ethos data
- Firmex Corporation
- Intralinks Holdings Inc.
- Merrill Corporation Ltd
- Vault Rooms Inc
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SIMILAR REPORTS :
● Virtual Data Room Software Market Report
The rise in adoption among small and medium-sized enterprises and increased investment by various organizations in virtual data room technology solutions are expected to pose significant market expansion opportunities in the future.
The top companies in the Virtual Data Room Software Market include Ideals, SecureDocs, Merrill, CapLinked, Digify, Ansarada, Citrix, EthosData, SmartRoom, FirmRoom, Aversure, DataCore, IdrShare, HighQ, Ipreo, Intralinks, BlackBerry, etc.
This report focuses on the global Virtual Data Room Software status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Virtual Data Room Software development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
● Virtual Data Room System Market Report
The growing need for risk management, the need for intellectual property, rising cloud adoption, and growing volumes of business data from business deals are driving the growth of Virtual Data Rooms system market size. Additionally, virtual data room cloud services are an emerging market for businesses to invest in.
The major regions covered in the Virtual Data Room System Market report are North America, Europe, China, Rest of Asia Pacific, Central & South America, Middle East & Africa, etc. This report also analyzes the impact of Coronavirus COVID-19 on the Virtual Data Room System industry.
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