The report of global virtual data room market by Component (Service, Software), Deployment Type (On-Premise, Cloud), Business Function (Marketing and Sales, Compliance and Legal, Finance, Workforce Management), Organization Type (Small & Medium Enterprise, Large Enterprise), Vertical (Government, Real Estate, Telecom & IT, BFSI, Retail & Ecommerce, Healthcare & Life Sciences), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 14.48% during a forecast period.
Virtual data room (VDR) is an online source of information or conventional cloud storage, which is utilized by businesses for securely storing and share critical and confidential corporate data. Increasing demand for cost-effective data storage solutions, rising need for intellectual property and risk management, and increasing demand from venture capitals will impel market growth in the upcoming period. However, the cyber security issues related to the virtual data room and shortage of skilled workforce may restrain the market growth at the global level. Unreliable business semantics, data secrecy, and data integration concerns are the major challenges for the virtual data room market in the near future.
Small & Medium Enterprise segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the small & medium enterprise segment has dominated the Virtual Data Room market and is estimated to grow at a CAGR of XX% during the forecast period. Generation and availability of massive information coupled with safe access to confidential data are increasing the demand for virtual data room in SMEs. Employees access various computers that are upgrading on a daily basis. These procedures are more time consuming, which effect the overall efficiency and productivity of work. Utilizing the virtual data room supports transferring important information through the internet by encoding them that saves a lot of time for the company and increases overall efficiency as well.
North America dominated the virtual data room market in 2019
In 2019, North America held the XX% share of the virtual data room market and is expected to maintain its dominance during the forecast period. The presence of a large number of key players and the well-established IT & Telecom industry has increased the demand for virtual data room in the region. A rise in the adoption of virtual data room services by the venture capital firms and several governments in urbanized countries like the U.S. and Canada are likely to boost the market growth in the region during the forecast period.
Key players operating the global Virtual Data Room market are iDeals Solutions Group, Intralinks Holdings Inc., Ansarada Pty Limited, Firmex Corporation, Citrix Systems Inc., Brainloop AG, Caplinked Inc., Ethos Data, SecureDoc Information Management Pty Ltd, Merrill Corporation Ltd, Drooms GmbH, Ethosdata, BMC Group Inc. (SmartRoom), CapLinked, Datasite, Vault Rooms Inc., Vitrium Systems, Onehub, Sharevault, HighQ Solutions Limited, Donnelley Financial Solutions, Fordata, and Digify
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Virtual Data Room Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Virtual Data Room Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Virtual Data Room Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Virtual Data Room Market.”
https://www.maximizemarketresearch.com/market-report/global-virtual-data-room-market/1589/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908