Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global market for virtual data room is primarily being driven by the digital shift to streamline business and other operations. Virtual data rooms enable the users to store and manage sensitive legal, financial or other critical business-related data via an online server. The virtual data rooms are highly secure networks that are password protected, require multiple-factor authentication, and admin permission for accessibility of any data. The growth in the market can also be associated with technological integrations into virtual data rooms to enhance their services, including the integration of artificial intelligence (AI) and machine learning (ML) software services. These advanced software solutions are incorporated to detect the presence of malware and security breaches. In addition to this, these software enable automatic complex data translation into simpler and understandable language for leaders to arrive at informed decisions. These factors are thus furthering the market growth of virtual data room globally.
The market growth of virtual data room is expected to be driven by expansion strategies employed by leading market players such as Citrix Systems, Inc (NASDAQ: CTXS) and Drooms GmbH. Drooms, Europe’s leading provider of virtual data rooms, in April 2021 announced a huge leap in the consumer base of its asset management services, which resulted in a hike of nearly 87% since 2020. With this, the company aims at expanding its portfolio by incorporating artificial intelligence (AI) to streamline the automation process. The fully internally AI backed features include document translation, auto allocation, and auto naming features to ensure enhanced productivity and access information more quickly. Furthermore, as a result of increased demand for digital services from various industries, application programming interfaces (API) are becoming increasingly important for the development and incorporation of innovative technologies. Thus, these factors are contributing to the overall market growth of virtual data room.
Market Analysis by Type, Organisation Size, Business Function, End User Industry, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global virtual data room market are Vault Rooms, Inc., Pandesa Corporation, Drooms GmbH, Citrix Systems, Inc., and EthosData, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.