Product ID: SQMIG45J2071
Report ID:
SQMIG45J2071 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
123 |
Figures:
77
The global virtual data room market is expected to grow rapidly in the next few years. This is because the growth of the digital world has led to an increase in the use of virtual data rooms. North America has already taken the lead in this market, and this dominance is expected to continue in the future. North America dominates the global virtual data room market, owing to the presence of key players such as IBM, Oracle, Microsoft, and Symantec in this region. These companies have been able to adopt virtual data rooms as a key part of their business strategies. Other factors that are contributing to the growth of the global virtual data room market include the increasing adoption of cloud-based solutions and the growing need for collaboration among employees.
Asia Pacific is estimated to witness the highest market growth during the forecast period. The region has been witnessing a considerable rise in the number of start-ups and merger & acquisition activities across developing countries such as China, Japan, and India. Wherein, the requirement for safe solutions to transfer crucial documents and information across organizations fueling the virtual data room market growth in the region.
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REQUEST FREE CUSTOMIZATIONVirtual Data Room Market size was valued at USD 1.6 billion in 2019 and is poised to grow from USD 1.83 billion in 2023 to USD 6.2 billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).
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Product ID: SQMIG45J2071