Virtual Data Rooms Market to Incur Value Growth at 12.2% CAGR During 2018-2026 - Persistence Market Research

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NEW YORK, July 19, 2018 /PRNewswire/ --

Virtual Data Rooms Market Revenue Driven by Growing Demand for Easy and Secure Ways for Storage of Critical Data and Increasing Need for Transparent and Efficient Data Sharing Options

According to a recent market report published by Persistence Market Research titled "Virtual Data Rooms Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026," the virtual data rooms market was valued at US$ 1,050.0 Mn in 2017, and is expected to register a CAGR of 12.2% from 2018 to 2026. The increasing demand for easy & secure ways for the storage of critical data and the increasing need for transparent & efficient data-sharing options are among major factors driving the virtual data rooms market.

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Virtual Data Rooms Market: Segmentation & Forecast 

On the basis of components, the virtual data rooms market is segmented into software and services. The software segment is expected to hold a considerably high percentage of the virtual data rooms market throughout the forecast period. On the basis of enterprise type, the virtual data rooms market is segmented into large enterprises and small & medium enterprises. The large enterprises segment is expected to dominate the virtual data rooms market throughout the forecast period. However, the small & medium enterprises segment is expected to exhibit a high CAGR owing to the increasing adoption of secure storing and sharing platforms by these companies. On the basis of deployment, the virtual data rooms market is segmented into cloud and on-premise. The cloud segment is expected to hold a considerably high percentage of the virtual data room market throughout the forecast period. On the basis of end-user, the virtual data rooms market is segmented into BFSI, law firms, real-estate companies, healthcare & life science, mining & energy, management consultants, ITES, and others. The BFSI segment is expected to hold a considerably high percentage of the virtual data room market throughout the forecast period. However, the ITES segment is expected to exhibit a high CAGR during the forecast period.

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Virtual Data Rooms Market: Regional Analysis 

This virtual data rooms market report also covers the trends driving each segment, and offers analysis & insights regarding the potential of the virtual data rooms market in regions such as North America, Latin America, Europe, China, Japan, South East Asia & others of APAC, and Middle East & Africa. Among these regions, SEA & others of APAC is projected to exhibit relatively high growth in the global market with a CAGR of 16.7% over the forecast period. The revenue share from the virtual data rooms market in North America and Europe is expected to collectively account for over 50% of the global virtual data rooms market revenue in 2018. Providers of virtual data room can focus on expanding across several countries in China, MEA, and Latin America.

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Virtual Data Rooms Market: Competition Tracking 

Key competitors in the Virtual Data Rooms market are iDeals Solutions Group S.A.; Intralinks Holdings, Inc.; Donnelley Financial Solutions, Inc.; Ansarada Pty Limited.; Brainloop AG; Firmex Inc.; Box, Inc.; Merrill Corporation; CapLinked, Inc.; and BMC Group, Inc.

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