SAN
FRANCISCO, March 28, 2022 /PRNewswire/ -- A new
market study published by Global Industry Analysts Inc., (GIA) the
premier market research company, today released its report
titled "Virtual Data Rooms - Global Market Trajectory &
Analytics". The report presents fresh perspectives on opportunities
and challenges in a significantly transformed post COVID-19
marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market
shares
- Market presence across multiple geographies -
Strong/Active/Niche/Trivial
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updates
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Platform
- Complimentary updates for one year
Edition: 18; Released: February
2022
Executive Pool: 852
Companies: 37 - Players covered include Ansarada Pty
Ltd.; BMC Group, Inc.; Box, Inc.; Brainloop AG; CapLinked; Citrix
Systems, Inc.; Donnelley Financial Solutions, Inc.; Drooms;
EthosData; Firmex, Inc.; HighQ Solutions Limited; iDeals™ Solutions
Group; Intralinks Holdings, Inc.; Merrill Corporation; SecureDocs,
Inc.; ShareVault; Shield Docs; TransPerfect; Vault Rooms, Inc. and
Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Services); Organization
Size (Large Enterprises, SMEs); Vertical (IT & Telecom, Retail
& eCommerce, BFSI, Other Verticals)
Geographies: World; USA; Canada;
Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South
Korea; Rest of Asia-Pacific; Latin
America; Argentina;
Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel;
Saudi Arabia; UAE; Rest of
Middle East; Africa.
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Registry
ABSTRACT-
Global Virtual Data Rooms Market to Reach $2.7 Billion by 2025
Virtual data rooms,
also known as deal rooms, present an online data repository or
cloud storage for data storage and sharing. The storage of data in
virtual database allows organizations to control the data and allow
only authorized users to access the information. Originally meant
to facilitate cooperation among organizations engaged in M&A
transactions, virtual data rooms have experienced notable evolution
in terms of applications and functions. These advanced repositories
are perfect options not only for secure information sharing, but
also for data protection as they rely on sophisticated tools to
encrypt uploaded documents. Amid the COVID-19 crisis, the global
market for Virtual Data Rooms is projected to reach US$2.7 Billion by 2025, registering a compounded
annual growth rate (CAGR) of 14.8% over the analysis period.
United States represents the
largest regional market for Virtual Data Rooms, accounting for an
estimated 30.9% share of the global total. The market is projected
to reach US$807.3 Million by the
close of the analysis period. China is expected to spearhead growth and
emerge as the fastest growing regional market with a CAGR of 18.7%
over the analysis period.
The global virtual data room market is exhibiting phenomenal
expansion due to the increasing adoption of the platform across a
diverse spectrum of industries coupled with burgeoning business
data volumes from deals and rising demand for intellectual property
and risk management. Recent advances related to virtual data rooms
have extended their functionality and application scope to various
end-users across a diverse spectrum of industries. Virtual data
rooms are finding increasing adoption among financial, marketing,
legal and workforce management organizations to store documents or
business-critical information. Demand for virtual data rooms is
also fueled by increasing data traffic in prime data management
business like data centers, which are not intended to perform
secure and safe transactions. The use of bank-grade data encryption
technology by providers has made virtual data rooms highly secure
platforms. The emergence of blockchain provides companies with the
opportunity to further increase the security level. The market is
likely to be propelled by increasing adoption of virtual data room
services by organizations and governments across developed
economies including the US and Canada owing to strong focus on technological
innovation. Virtual data rooms hold immense scope across emerging
economies such as India where a
large number of local players collaborate with international firms
and operate as outsource supporters for clients across developed
markets.
North America, along with
South America, is expected to
register robust gains due to increasing fundraising, joint ventures
and M&A activities along with the presence of some of the
leading companies in the region. Asia-Pacific exudes immense growth potential,
and is estimated to post the highest growth rate in the coming
years. The regional market is anticipated to benefit from rapid
expansion of local players and increasing investment in
infrastructure development. The IT & telecom sector is
anticipated to remain the leading end-user of data rooms and hold
the major share of the global virtual data room market in the
coming years. The platform is finding increasing adoption in the
sector for facilitating deals and ensuring safe storage and
transfer of data. The emergence of blockchain-based technologies to
further improve security level of virtual data rooms across the IT
ecosystem is expected to benefit the segment. More
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and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.