The global virtual data room market size is expected to grow from USD 949.2 million in 2017 to USD 1,895.0 million by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8%
NEW YORK, Feb. 28, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05336563
The global virtual data room market size is expected to grow from USD 949.2 million in 2017 to USD 1,895.0 million by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. Increasing volumes of business data, data privacy regulations, and a growing need for intellectual property and risk management are the some of the major factors are expected to fuel the growth of virtual data room market. However, concerns over cyber security are a major restraining factor for the market growth
Finance as a business function is expected to hold the largest market size during the forecast period
The finance department of any organization relies on data accuracy and its interpretation. Most organizational tasks depend on the finance business application as it revolves around making decisions on profit/loss, balance sheets, and analysis of annual reports.
Virtual data room could be a key enabler for this business function, as it could help the financial analyst to share private, confidential information with the other parties involved during the transactions. Considering the importance and criticality of the data pertaining to financial transactions, many organizations are inclining toward virtual data room solutions to safeguard their data while sharing with the deal participants
Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period
The virtual data room market growth in the APAC region has gain momentum and is expected to record the highest rate in the coming years. Japan, Australia, New Zealand, China, and India are using virtual data room software and services across business verticals.
The rapid growth of the virtual data room market in the APAC region can be attributed to the massive growth in the business deals and transactions, such as mergers and acquisitions, joint ventures, and fundraising across the APAC region. Moreover, the rapid expansion of domestic enterprises as well as the higher development of infrastructure are some of the important factors expected to drive the growth of the virtual data room market in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is given below:
-- By Company: Tier 1: 20%, Tier 2: 10%, and Tier 3: 70%
-- By Designation: C-level: 20%, Director level: 19%, and Others: 61%
-- By Region: North America: 20%, Europe: 10%, and APAC: 70%
The following key vendors are profiled in the report:
-- Citrix (US)
-- Intralinks (US)
-- iDeals Solutions (US)
-- Firmex (Canada)
-- Merrill (US)
-- Drooms (Germany)
-- EthosData (UK)
-- SecureDocs (US)
-- Brainloop (Germany)
-- Ansarada (Australia)
-- SmartRoom (US)
-- CapLinked (US)
Research Coverage
The report segments the virtual data room market based on business function, which is further divided into various business functions, including marketing and sales, legal, finance, and workforce management. It is then segmented by component, which is further segmented into software and services. Services are further categorized into managed services and professional services. Under professional services, the report is further segmented into support and maintenance, and consulting services.
Based on the deployment type, the market is segmented into on-premises and cloud. Under organization size, it is segmented into Small and Medium-Sized Enterprises (SMEs) and large enterprises. Further, under industry verticals, the report covers Banking, Financial Services, and Insurance (BFSI), retail and eCommerce, government, healthcare and life sciences, telecommunications and IT, real estate, and others (media and utilities). The market by region is segmented into North America, Europe, APAC, Latin America, and Middle East and Africa (MEA).
Reasons to buy the report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the virtual data room market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different industry verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes new product launches/developments; partnerships and collaborations; mergers and acquisitions; and expansions.
Read the full report: https://www.reportlinker.com/p05336563
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