Global Virtual Data Room Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Virtual Data Room Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Virtual Data Room Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
North America is considered to the leading market. The factors responsible for the growth in this region is the huge number of businesses using mapping application and location-based services (LBS) to enhance their productivity along with the rising customer awareness about mobile mapping services.
A series of proprietary extranets that provide an online repository of data is known as virtual data room (VDR). Most of the businesses generally use secure virtual data room to share tedious information with external customers in a secure, online environment.
The factors propelling the growth of market includes increasing demand for cost-efficient, timely, and secure data exchange between two parties increases the market growth. Additionally, the rising number of transactions and the online deals that requires high bandwidth, are expected to increase the demand for the market. Moreover, the other factors such as elimination of the physical data room barriers, such as use of papers for documentation, narrow bandwidth, and the cost of travel by the virtual data rooms are responsible for the growth of the market.
The global virtual data room market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
Based on the segmentation of the market, it is bifurcated into various segments such as by business function, by component, by deployment type, by organization size, by industry vertical, and by region. Based on the business function, the market is divided into marketing & sales, legal, finance, and workforce management. According to the component, market is split into various segments such as software and service. Based on the deployment type segment, it is categorized into on-premises and cloud. Moreover, small & medium sized enterprises (SMEs) and large enterprises comes under organization size segment. However, on the basis of industry vertical segment, the market is divided into BFSI, retail & ecommerce, government, healthcare & life sciences, and others.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global virtual data room market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: Citrix, Intralinks, iDeals Solutions, Firmex, Merrill, Drooms, EthosData, SecureDocs, Brainloop, Ansarada, SmartRoom and CapLinked.
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