Market Research Report
Global Virtual Data Rooms Market - Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||672882|
|Published||Content info||240 Pages
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|Global Virtual Data Rooms Market - Technologies, Market share and Industry Forecast to 2024|
|Published: March 9, 2017||Content info: 240 Pages||
Global virtual data rooms market is expected to grow with a CAGR of 14% during forecast period 2017-2024. The following drivers that boost the market growth are growth of internet, high focus on risk management, IT business regulatory, increasing demand for online document exchange, increasing online trade. However, market is restraint with issues related to online data security and the major challenge faced by the market is analysed as data security and integration issues. Some factors that are acting as opportunity for the market are increasing globalization of workforce and business decentralization, SAAS delivery model that can boost up the virtual data room market, increasing demand of virtual data room in health industry, increasing market in emerging countries.
Geographically, market report has been segmented into North America, Asia Pacific, Europe and Rest of World. North America dominates the market of virtual data rooms due to rising adoption of virtual data room services by the government and businesses. However, Asia Pacific virtual data rooms market is anticipated rise at fastest growth rate due to increasing usage of internet and increasing business and government support. The region holds highest internet users traffic with approx. 48.4% of the total internet usage globally.
Global virtual data room market report is segmented on the basis of end-users and organization size. On the basis of end-users, the global virtual data rooms market is further sub segmented into biotech, energy, government, media, pharmaceutical, manufacturing, IT and telecommunications, healthcare, and others. On the basis of organization size, the global virtual data rooms market is further segmented into small and medium size enterprises and large enterprises.
Major players present in market include Ansarada, Brainloop, Caplinked, Ethosdata, Firmex, Global Kap, Highq Data Room, Ideals Solutions and others. Companies adopt various strategical initivatives to sustain in the market and to gain competitive advantage over other companies. Some of the strategical initiatives are product launch, mergers and acquisitions, collaboration, partnership and others. For instance, On November 16, 2016, CapLinked launched a revolutionary information security tool for securing information sharing.