06-Jan-2021 | Zion Market Research
As per researchers at Zion Market Research, the global virtual data room market was capitalized at USD 1.65 billion in 2019 and is estimated to attain USD 3.02 billion by the end of 2025, augmenting at a CAGR of over 14.9% during the forecasted period 2019–2025. The virtual data room is referred to an online facility or depository of information that is utilized for the storage and distribution of documents. The virtual data room is an extranet for which the bidders plus their advisers are presented with access to the internet. By a dedicated site or safe agent applications, it offers access for eligible users only for the security documents.
Some of the key players in the market are Brainloop, Ansarada, Drooms, Citrix, Firmex, EthosData, Intralinks, iDeals Solutions, SecureDocs, and Merrill.
IT & Telecommunication Segment To Stimulate Growth Of The Global Virtual Data Room Market
The virtual data rooms developed into online meeting rooms for all involved in an agreement. The co-operation amid parties has become simpler and reliable since the virtual data room tools are obtainable for use during the deal journey. The security procedures around the sharing, opening, and printing documents produce a detailed activity path for auditors and participants. The blockchain-based technologies are developing to advance virtual data room security in the IT network. The virtual data room applications are being developed beyond M&A (mergers & acquisitions), as, these days, most of the business deals are carried online. Several leading IT and telecommunication companies have incorporated technologies that can offer them quick & efficient data and communication flow.
The global virtual data room market is bifurcated on the basis of business function, component, deployment type, organization size, industry vertical, and regional analysis. Based on the business function, the market is divided into legal, marketing & sales, workforce management, and finance. Based on the component, the market is divided into service, software, professional services, managed services, support & maintenance services, and consulting services. Based on the deployment type, the market is divided into cloud and on-premises. Based on the organization size, the market is divided into large enterprises and SMEs (small and medium-sized enterprises). Based on the industry vertical, the market is divided into retail & eCommerce, BFSI, healthcare & life sciences, government, real estate, telecommunications & IT, and others (media and utilities).
The North America Region Projected To Hold The Major Share In The Global Virtual Data Room Market
Based on geographical analysis, the global virtual data room market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America registered the major share of the virtual data room market, owing to the surging implementation of virtual data room services by several businesses and governments in emerged economies, like the U.S. and Canada, which are emphasizing novelty in these existing solutions. The increasing fundraising, rising number of M&A, and joint ventures with some of the leading players have boosted the market in the region.
Browse the full “Virtual Data Room Market - By Business Function (Legal, Marketing & Sales, Workforce Management, And Finance), By Component (Service, Software, Professional Services, Managed Services, Support & Maintenance Services, And Consulting Services), By Deployment Type (Cloud And On-Premises), By Organization Size (Small And Medium-Sized Enterprises And Large Enterprises), By Industry Vertical (Retail & ECommerce, BFSI, Healthcare & Life Sciences, Government, Real Estate, Telecommunications & IT, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/virtual-data-room-market
The global virtual data room market is segmented as follows:
By business function:
By deployment type:
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By industry vertical:
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