Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the virtual data room market provides in-depth analysis
of segments and sub-segments in the global as well as regional virtual data
room market. The study also highlights the impact of drivers, restraints, and
macro indicators on the global and regional virtual data room market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global virtual data room market.
According to the report, the global virtual data room market is projected to
grow at a CAGR of 15.04% over the forecast period of 2020-2026.
The global virtual data room
market size was valued around USD 1,201 million in 2019 and is anticipated to
grow at a CAGR of 15.04% during the forecast period. A virtual data room is a
storage space that is utilized by firms for storing confidential information
which can be utilized for business transactions such as sharing or distributing
key documents. Furthermore, these virtual data rooms are utilized for
maintaining financial data and are likely to prove as the best substitutes for
physical data rooms such as data centers. Apart from this, a virtual data room
provides security to documents and streamlines document management procedures
for proficient business transactions. In addition, virtual data rooms are easy
to use, can be easily accessed, controllable, and secured. They also facilitate
effective in-room communication activities and are charged as per different
pricing models depending on the quantity of data stored in these virtual data
rooms.
The increasing need to securely
store and transact a huge volume of data during merger and acquisition
(M&A) drives the market growth. Moreover, an enormous volume of data is
stored and accessed by venture capital firms as they are turning towards
virtual data rooms as it offers them the opportunity to not only carry out
processes related to due diligence but also enables them to prepare documents
cost-effectively and efficiently. Hence, keeping these drivers in mind it can
be stated that, such extensive usage and demand of virtual data room software
is projected to boost the growth of the global virtual data room market.
Conversely, cybersecurity associated with virtual data room is always a concern
and as the industry requires more of a skilled workforce, there is always a
demand for such a labor force that can tackle the workings and solutions of a
virtual data room. These factors can hinder the expansion of the virtual data
room market. However, a surge in adoption among SEMs and an increase in
investment by numerous organizations in virtual data room technology solutions
are anticipated to offer major opportunities for the expansion of the market in
the near future. Additionally, the current concern over the spread of
coronavirus is also expected to have a positive impact on the virtual data room
market. The COVID-19 outbreak has dramatically affected industrial operational
activities such as logistics & supply chain, product manufacturing, and inventory
management. However, numerous key players operating in the global virtual data
room market across the globe are taking initiatives to support other
businesses. For example, in July 2020, Shelterzoom has also made an
announcement to introduce a DocuWalk platform, a new user-friendly, and
blockchain-based platform for the virtual negotiating and collaboration room.
These elements may surge the growth of the global virtual data room in the
global market during the COVID-19 epidemic.
Among the geographies, the North
America region is expected to hold the largest share in the global virtual data
room market. The industry is expected to offer huge opportunities for virtual
data room market growth on account of the presence of numerous key players. The
presence of a huge number of large enterprises and legal and government
agencies raised the regional demand which boosts the market growth.
Furthermore, the Asia Pacific region is anticipated to witness high growth in
the virtual data room market during the forecast period. A significantly
growing number of startups and merger and acquisition activities across key
developing countries such as India and China raise the need for safe solutions
to transfer crucial documents across organizations which leads to boost the
market growth during the projection period.
Segment Covered
The report on global virtual data
room market covers segments such as type, enterprise size, business function,
and end user. On the basis of type, the sub-markets include software, and services.
On the basis of enterprise size, the sub-markets include large enterprise, and SMEs.
On the basis of business function, the sub-markets include legal and
compliance, financial management, intellectual property management, sales and
marketing, and others. On the basis of end user, the sub-markets include BFSI, IT
and telecommunication, healthcare, government and legal services, and others.
The report provides profiles of
the companies in the market such as Ansarada Pty Limited, Drooms, Citrix
Systems, Inc, SecureDocs, Inc, EthosData, Intralinks, Inc., iDeals Solutions
Group, Brainloop AG, Firmex Inc., and BMC Group, Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of virtual data room market. Moreover, the study highlights current
market trends and provides forecast from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
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