According to a new report Global Virtual Data Room Market, published by KBV research, The Global Virtual Data Room Market size is expected to reach $3.2 billion by 2026, rising at a market growth of 15.6% CAGR during the forecast period. Significant factors driving the growth of the virtual data room industry include growing volumes of company data owing to the complexities of mergers and acquisitions and the rising need for intellectual property and risk management.
The BFSI market dominated the Global Virtual Data Room Market by Vertical 2019. The Telecom & IT market is experiencing a CAGR of 14.5% during (2020 - 2026). Additionally, The Healthcare & Social Assistance market is poised to grow at a CAGR of 16.6% during (2020 - 2026).
The Cloud market is expected to witness CAGR of 16.7% during (2020 - 2026). The majority of vendors in this sector provide cloud-based virtual data room applications to attract customers. Cloud applications deliver a range of benefits, including scalability, adaptability, ease of implementation and cost-effectiveness, which encourages the acceptance of cloud deployment across organizations.
North America is expected to retain the highest market share. The region is led by the United States and Canada, where companies have implemented virtual data room technologies to leverage consumer data in order to stay competitive in the market. Increasing customer information across a wide variety of data sources is pushing innovative technologies and better integration into current and existing virtual data room applications and facilities to satisfy specific market and consumer needs. Asia Pacific (APAC) is expected to rise at the fastest CAGR in the forecast period.
Structural Insights: https://www.kbvresearch.com/virtual-data-room-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Citrix Systems, Inc., SS&C Technologies Holdings, Inc. (Intralinks), Vault Rooms, Inc., ShareVault, Drooms GmbH, EthosData Ltd., CapLinked, Inc., Diligent Corporation, SecureDocs, Inc., and SmartRoom.
By Component
By Deployment Type
By Organization Size
By Application
By End-User
By Geography
Companies Profiled
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