According to the report titled ‘Global Virtual Data Rooms Market 2019-2028’, available with MarketStudyReport, global virtual data rooms market is expected to grow at 14.76 %CAGR between 2019 and 2028.

 

Escalating number of business transactions like mergers & acquisitions etc. leading to humongous data generation, focus on intellectual property & risk management, and enforcement of data protection & privacy regulations are propelling the growth of global virtual data rooms market.

 

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Additionally, elevated acceptance of digital document exchanges, and the embracement of virtual data rooms by SMEs & large enterprises are opening lucrative growth opportunities for businesses in this domain.

 

Despite the positive outlook, factors like data privacy and system performance issues, lack of trained personnel, and cybersecurity apprehensions are likely to impede market development in the coming years. 

 

Based on deployment, worldwide virtual data rooms industry is divided into on-premises, and cloud. Concerning function type, the business space is classified into workforce management, finance, sales & marketing, and legal & compliance.

 

Speaking of organization size, the industry is divided into large enterprises, and small & medium enterprises. In terms of end-user ambit, the market is classified into construction & real estate, energy & utilities, banking, financial services & insurance (BFSI), telecommunications & IT, retail & e-commerce, healthcare, and others. 

 

From a regional standpoint, the market trends are studied for North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these, Asia-Pacific industry is anticipated to grow at a steady rate during the projected timeline, owing to skyrocketing data traffic in the telecommunications field, gigantic data generation, and establishment of digital banks in countries such as South Korea.

 

The competitive landscape of global virtual data rooms is defined by companies such as Intralinks Holdings Inc., SecureDocs Inc., Datasite (Formerly Merrill Corporation), Ansarada Pty Ltd., SmartRoom, CapLinked Inc., Firmex Inc., iDeals Solutions Group, EthosData Inc., HighQ (Thomson Reuters), R.R. Donnelley & Sons Company (RRD), Brainloop AG, ShareVault, Vault Rooms Inc., and Deal Interactive LLC (acquired by TransPerfect) among others.