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Global Virtual Data Room Market to be Driven by Rising Adoption of Digital Services Across Industry Verticals in the Forecast Period of 2021-2026

11-10-2022 08:40 AM CET | IT, New Media & Software

Press release from: Expert Market Research

Global Virtual Data Room Market to be Driven by Rising Adoption

The new report by Expert Market Research titled, 'Global Virtual Data Room Market Report and Forecast 2021-2026', gives an in-depth analysis of the global virtual data room market, assessing the market based on its segments like type, organisation size, business function, end user industry, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/virtual-data-room-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

Historical Market Size (2020): USD 691.48 Million

Forecast CAGR (2021-2026): 15.11%

Forecast Market Size (2026): USD 1,608.73 Million

The global market for virtual data room is primarily being driven by the rising dependency on digital methods to streamline business operations. Virtual data rooms are highly secure store houses for critical and sensitive business information which is a key driving factor of these services.

In addition to this, the virtual data rooms further allow users to access data with the speed of a click, ensuring fast operations. Furthermore, the online database allows admins to monitor access to the data room, thus ensuring confidentiality by using authentication services like passwords or biometric systems driven by incorporation of Artificial Intelligence (AI) into virtual data rooms.

Industry Definition and Segmentation

Virtual data rooms are innovative, online software intended for the secure sharing and storage of documents during various operations. A VDR allows multiple parties to share and encrypted web connection.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/virtual-data-room-market

On the basis of type, the market can be divided into

Software
Services

Based on organisation size, the market can be divided into:

Small and Medium Scale Organisations
Large Organisations

The market, based on business function, can be categorised into:

Legal and Compliance
Financial Management
Intellectual Property Management
Sales and Marketing
Others

On the basis of end-user industry, the market can be bifurcated into:

BFSI
IT and Telecommunication
Healthcare
Government and Legal Services
Others

The regional markets for the product include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The growth in the global market for virtual data room can be attributed to the deployment of advanced services by small and medium scale enterprises. Online data rooms are designed to store and manage information with enhanced security. In addition to this, a virtual data room significantly aids in cutting costs related to stapling, printing, copying, and storing, as a result of which, the staff can employ their time into business operations and boost productivity.

Moreover, rapid digitisation and the emergence of new business models are promoting M&A activities leading to an invigorated demand for secure, on-demand, and cost-effective medium for data transmission and storage, thereby furthering the market growth of virtual data rooms.

Key Market Players

The major players in the market are Vault Rooms, Inc., Pandesa Corporation, Drooms GmbH, Citrix Systems, Inc., EthosData, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Media Contact:

Company Name: Claight Corporation
Contact Person: Frara Prih, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to client's requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

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