Virtual Data Room Market Research Study – Segmented by Offerings, Enterprise Size, Industry and Geography (2018 to 2023)

The report published by Knowledge Sourcing Intelligence titled “Virtual Data Room Market - Forecasts from 2018 to 2023” studies the various factors affecting the demand for virtual data rooms among end-users worldwide. The market has been segmented by offering (software and services), by enterprise size (small, medium and large), by end-user industry (BFSI, retail, government, healthcare, communication and technology, and others).
In conjunction with this, the market size has been estimated across all major geographies namely North America, South America, Europe, Middle East and Africa and the Asia Pacific. To give a clearer view of this market across these geographies, the regional market has been further segmented into countries which account for a significant share in the market. The growth of this market is being driven by an increasing number of mergers and acquisitions across industries as part of industry players’ growth strategies and a fairly long and complex procedure associated with them. This has been increasing the demand for secure online repositories to store data and documents pertaining to the integration, thus fueling the adoption of virtual data rooms among enterprises. Presence of a large number of market players across all major geographies, offering these solutions and services at affordable prices, is further increasing the adoption of virtual data rooms among business owners, thus boosting the growth of the market.

By enterprise size, large enterprises hold the largest market share
Among enterprises of all sizes, large enterprises dominate the market by holding the largest market share. Increasing number and size of private equity and venture capital transactions among such enterprises is increasing the demand for virtual data rooms to ensure seamless and secure sharing of critical information with authorized external customers and partners. This has been driving the growth of the market among such enterprises. Small and medium-sized enterprises continue to witness a slow growth on account of tight budgets among such enterprises.

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Enterprises in North America and Europe are showing the highest adoption of virtual data rooms

North America and Europe, being the early adopters of new technologies, have been dominating the market on account of booming industries in these regions and high adoption of advanced technologies and solutions among business owners. Presence of a large number of market players in these regions is also supporting the market growth across all countries in these regions. The market in the Asia Pacific is expected to witness solid growth over the projected period. This growth will majorly be attributed to the rapid growth of industries and increasing investments by major industry players in this region.

This report also includes a study of strategies and product portfolios of some of the leading companies in the virtual data room market. Major companies profiled as a part of this report are Citrix, Intralinks, iDeals Solutions Group, Firmex Inc., Merrill Corporation, Drooms, EthosData, SecureDocs, Brainloop, Box, Ansarada Pty Ltd, BMC Group VDR LLC and CapLinked, Inc.

Access the report: www.knowledge-sourcing.com/virtual-data-room-market

Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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This release was published on openPR.