Virtual Data Room Market

The global virtual data room market is likely to witness an annual growth rate of 14.2% during the forecast period. The growing volume of business data generated from different mergers and acquisitions by companies and several data privacy norms enforced by the government are the driving forces of the market.

Request a FREE Sample Report of virtual data room market

Virtual Data Room Market Dynamics

The rising volume of business data because of the complications arising from partnership activities stands to be a major factor contributing the growth of the global virtual data room market. Virtual data rooms have transformed the conventional method, such as visiting physical data rooms to perform the due diligence process of merger and acquisition transaction. During these transactions, parties engaged deploy virtual data room software and services as most authentic source to exchange documents that valuable for facilitating risky financial transactions, IPO’s, and fundraising. As per the virtual data room market forecast projects that the virtual data room offers exclusive performance because of its several advantages such as safety, economical ownership, and utility-based sharing models, which will support the market growth.

Blockchain-based technology has emerged to improve virtual data room security across several end-use industries. For example, in 2020, HSBC switched to the blockchain platform from conventional paper-based records to a completely digitalised and decentralized vault platform. However, the growing concerns towards cyber threats at the time of the due diligence process of M&A activities has made organizations vulnerable to security violations because of several technologies used by third parties in the process, which may restrain the virtual data room market size.

Component Segment Drivers

Based on the Component, the Service segment is foreseen to witness a remarkable growth over the forecast period. Services are basic steps in deploying virtual data room. Virtual data room provides enormous advantages such as safe data storage, data supervision, and data exchange. In addition, as per the virtual data room report, the military-grade safety, multi-language support, and in document linking are other features available in the virtual data room, which will bolster the growth of the service segment.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com