(2019 – 2024) Virtual Data Room Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST

Press Release

Virtual Data Room

Virtual Data Room Market is expected to grow at a CAGR of 15.12% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Virtual Data Room market and main aspect about report- why should you buy this research report? so don’t miss it.

Virtual Data Room Market Overview:

The virtual data room market is expected to register a CAGR of 15.12%, during the forecast period (2019 – 2024). Increasing adoption of cloud storage technology is contributing to the growth of the global virtual data room market, as it is a cost-effective way to eliminate the need for physical storage, reduce the use of paperwork, and decrease the cost of travel.

– As the use of virtual data room is becoming increasingly popular, authorized users are granted access to the information that is stored electronically on the server. Most of the legal data is sensitive, and hence, needs high security, thus, businesses are focusing on secured data sharing, thereby enhancing their services and software during business deals.
– The increasing traffic in the prime data management establishments, such as data centers, that are not designed to perform secure transactions, is a great factor driving the demand for VDRs.
– Over the past few years, the VDR market has experienced prominent growth, due to its adoption across various enterprises as an important tool, along with the increasing demand for risk management, need for the intellectual property, and an increasing amount of business data arising from business deals thereby fueling the demand and requirement for VDRs.

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List of Top Key-players/Leading Manufacturers of Virtual Data Room Market:

  • Vault Rooms Inc.
  • ShareVault (Pandesa Corporation)
  • Drooms GmbH
  • Citrix Systems Inc.
  • Ethos Data
  • Caplinked Inc.
  • Brainloop AG
  • BMC Group Inc. (SmartRoom)
  • HighQ Solutions Limited
  • Intralinks Holdings Inc.
  • Firmex Corporation
  • Ansarada Pty Limited
  • SecureDocĀ Information Management Pty Ltd
  • iDeals Solutions Group
  • Merrill Corporation Ltd.

    Scope of the Virtual Data Room Market Report:

    A virtual data room serves as a repository for data that is hosted online and used for sharing of information over a secured connection, which is critical and confidential and cannot be shared with a third-party. These virtual data rooms can be used by anyone who frequently exchanges critical and confidential document that offer critical services, such as secure data storage, data management, and sharing.

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    Key Trends of Virtual Data Room Market:

    IT and Telecom Sector is Expected to hold a Significant Market Share

    – VDRs have emerged into online meeting rooms for everyone involved in an agreement. Co-operation between parties has become simpler and more reliable since VDR tools are available for use throughout the deal journey. The security protocols around the opening, sharing, and printing documents create a detailed activity trail for participants and auditors.
    – Blockchain-Based technologies are emerging to enhance VDR security across the IT ecosystem. Virtual data room applications are being extended beyond M&A activities, as most of the business operations are conducted online these days. Many prominent IT & Telecom companies have integrated technologies that could offer them quick and efficient information and communication flow.
    – The virtual data room has evolved across the IT space to become a tool to promote the entire venture, thereby widely finding applications for deals across various end-user segment ventures with the growing application of the cloud technology.

    North America is Expected to Hold Largest Market Share

    – North America occupied the largest share of the virtual data room market, due to the increasing adoption of virtual data room services by various government and businesses in developed economies, such as Canada and the United States, which are emphasizing innovation in these existing solutions.
    – The rising demand for easy and secure methods for the storage of critical data and the increasing need for transparent and efficient data sharing options are fueling data security and secured sharing solutions, which is likely to be in great demand across the region, during the forecast period.
    – Moreover, the growing fundraising, rising number of mergers and acquisitions, and joint ventures with some of the prominent players have fueled the market across the region.

    Reasons to Purchase Virtual Data Room Market Report:

    • The report analyses how the stringent emission control norms will drive the global Virtual Data Room market.
    • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market.
    • Study on the regions that are expected to witness fastest growth during the forecast period.
    • Identify the latest developments, market shares and strategies employed by the major Virtual Data Room market players.
    • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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    Overview of TOC, what it contains? – 

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.2 Distribution Channel

    6 COMPETITIVE LANDSCAPE
    6.1 Market Share Analysis
    6.2 Most Active Companies
    6.3 Most Adopted Strategy
    6.4 Company Profiles

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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