What is the Addressable Market Opportunity for “Virtual Data Rooms”?
The global market for Virtual Data Rooms is forecast to reach US$2. 6 billion by 2025, driven by digitalization of everything and the resulting hyper connected world which is fundamentally changing the way people and businesses share information and collaborate across geographic borders.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Virtual Data Rooms market. Report segmentation includes Component (Software, Services); Organization Size (Large Enterprises, SMEs); Vertical (IT & Telecom, Retail & eCommerce, BFSI, Other Verticals).
10 June 10:09 A.M., California/Marketwire/ - According to the new market research report, the global market for Virtual Data Rooms is forecast to reach US$2. 6 billion by 2025, driven by digitalization of everything and the resulting hyper connected world which is fundamentally changing the way people and businesses share information and collaborate across geographic borders. The global Virtual Data Rooms market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
With the proliferation of cloud computing technologies and its emergence as the future of IT coupled with increased acceptance of public cloud services, VDRs have witnessed parallel gains in acceptance. Benefits of VDRs driving their popularity as the most preferred support platform for content collaboration include advanced security features and benefits; more personalized and customized control over shared documents; automatic generation of audit trail and activity tracking of all collaboration and communication conducted; superior data protection and encryption support as compared to other file sharing platforms and services; better control over document access and usage; better transparency and accountability which is vital for final negotiations and lower expenditures, better preservation of documents as compared to paper documents, easy access from anywhere, anytime and on any device; automatic creation of backup of all uploaded files/data; and flexible pay per use pricing offered by most VDR services. Virtual data rooms are powerful platforms that not only secure data transfer, but also allow organizations to save costs and mitigate risks associated with M&A activities. Asia-Pacific including China ranks as a major market led by robust development of the internet infrastructure in terms of broadband speeds and capacity; rapid adoption of cloud computing services in the enterprise sector; growing appetite for cost and productivity enhancing IT technologies and solutions; increased worker mobility deployments in the enterprise sector; increase in mergers and acquisitions transaction value supported by healthy economic growth and greater investor confidence in economic and fiscal policies.
Key Competitors Covered in the Report
Ansarada pty Limited
Citrix Systems Inc.
Donnelley Financial LLC
HighQ Solutions Limited
iDeals™ Solutions Group S.A.
Intralinks Holdings Inc.
Merrill Data Site
Vault Rooms Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 852. Among this pool, 172 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 34 unique participations, a total of 16 validated responses were received as part of this report's primary research outreach program.We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.