The North America Virtual Data Room Market would witness market growth of 14.1% CAGR during the forecast period (2020-2026). A Virtual Data Room (VDR), also known as the contract space, is an electronic database or cloud storage used by organisations to collect and transfer data on a virtual basis. The use of virtual data room facilities is growing globally due to rising competition and the introduction of remote data accessibility. The Virtual Data Room or Virtual Deal Room operates on a premise where data is stored in a virtual database. Only approved users are able to view the information in the computer data room stored electronically on the server.
Most companies store data in automated data rooms across diverse fields such as marketing and sales, law, finance, and workforce management. Mainly finance departments produce and transfer vast amounts of data, with businesses choosing automated data storage rooms. The telecommunications and IT market is also expected to produce a large amount of data due to growing demand and proliferation of mobile phones, laptops and wearable devices.
Virtual data rooms have replaced traditional physical data room services; they also help to reduce costs and increase efficiency and security. The Virtual Data Room enables authorized organizations to access information related to their business operations in a controlled environment, helping organizations to monitor physical data rooms in secure premises with controlled access.
Based on Component, the market is segmented into Software and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Marketing & Sales, Finance, Legal and Others. Based on End User, the market is segmented into BFSI, Telecom & IT, Healthcare & Social Assistance, Government, Retail & Ecommerce and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Virtual Data Room Market in North America is expected to register a CAGR of 14.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Market Segmentation:
By Component
By Deployment Type
By Organization Size
By Application
By End-User
By Country
Companies Profiled
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