DUBLIN--(BUSINESS WIRE)--The "Virtual Data Room Market by Business Function (Marketing & Sales, Legal, Finance, Workforce Management), Component (Software and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global virtual data room market size is expected to grow from USD 949.2 million in 2017 to USD 1,895.0 million by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period
Increasing volumes of business data, data privacy regulations, and a growing need for intellectual property and risk management are the some of the major factors are expected to fuel the growth of virtual data room market. However, concerns over cyber security are a major restraining factor for the market growth.
The finance department of any organization relies on data accuracy and its interpretation. Most organizational tasks depend on the finance business application as it revolves around making decisions on profit/loss, balance sheets, and analysis of annual reports.
Virtual data room could be a key enabler for this business function, as it could help the financial analyst to share private, confidential information with the other parties involved during the transactions. Considering the importance and criticality of the data pertaining to financial transactions, many organizations are inclining toward virtual data room solutions to safeguard their data while sharing with the deal participants.
The virtual data room market growth in the APAC region has gain momentum and is expected to record the highest rate in the coming years. Japan, Australia, New Zealand, China, and India are using virtual data room software and services across business verticals.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Virtual Data Room Market, By Business Function
7 Virtual Data Room Market, By Component
8 Market By Deployment Type
9 Market By Organization Size
10 Virtual Data Room Market, By Vertical
11 Virtual Data Room Market, By Region
12 Competitive Landscape
13 Company Profiles
- Ideals Solutions
For more information about this report visit https://www.researchandmarkets.com/research/r5zphz/virtual_data_room?w=4