Market Research Report
Europe Virtual Data Rooms Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||678059|
|Published||Content info||114 Pages
Delivery time: 2-3 business days
|Europe Virtual Data Rooms Market Forecast 2019-2027|
|Published: September 6, 2019||Content info: 114 Pages||
Several large enterprises in Europe are quickly replacing traditional data rooms with virtual data rooms to expedite the due diligence processes involved in large enterprises such as audit, board communications, mergers & acquisitions, etc. The Inkwood Research estimates that by the end of 2019-2027, the virtual data rooms market in Europe will showcase a CAGR rise of 14.75%.
Economies such as France, Germany, United Kingdom, Italy, and Spain are included in the Europe virtual data rooms market. Also, the report analyzes the Rest of Europe region, which includes remaining European countries. The virtual data rooms market in Germany is anticipated to showcase significant growth over the projected years. It is mainly driven by the booming export sector along with the rising mergers & acquisitions between private organizations operating in the country. Although currently the mergers and acquisitions seem like the top application area for virtual data rooms, it is the licensing, real estate, and intellectual property (IP) rights application that is expected to grow significantly over the forecast period. This comes with a rising need for data security, transparency, and reducing processing time & cost.
Companies such as SmartRoom, Transperfect Translations Company (Deal Interactive LLC), SecureDocs, Inc., ShareVault, and Vault Rooms, Inc., among others are competing in the virtual data rooms market. The new product development and technological advancements by various companies are rising the competition in the market.