Product ID: SQMIG45J2071
Global Virtual Data Room Market Size, Share, Growth Analysis, By Enterprise(Large, SME), By Deployment Mode(On Premises, Cloud), By Function(Marketing & Sales, Legal), By Industry(BFSI, Retail) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2071 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
123 |
Figures:
77
Global Virtual Data Room Market Insights
Virtual 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).
A virtual data room is a great way to keep business organized and protected. It is majorly preferred by the companies that process large amounts of data. It helps to keep the data secure and organized, so that it can be accessed quickly and easily. It also helps to prevent data loss. From the last few years, virtual data rooms have been witnessing strong demand among companies that need to store confidential information. Virtual data room works as a repository for data storage that is hosted online and used for sharing information over a secured network, which is confidential and critical and cannot be shared with third party.
Most of the legal data is secret and sensitive, and hence, required high security. Thus, businesses are focusing on more secured data-sharing technologies. Over the past few years, the virtual data room market has experienced a significant growth due to its adoption across various enterprises for risk management and need to secure intellectual property.
US Virtual Data Room Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Virtual Data Room Market Report Snapshots
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