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The global virtual data room (VDR) market accounted for US$ 1.08 Bn in 2018 and is expected to grow at a CAGR of 14.5% over the forecast period 2019-2027, to account for US$ 3.66 Bn in 2027

NEW YORK, Nov. 20, 2019 /PRNewswire/ -- The global virtual data room (VDR) market accounted for US$ 1.08 Bn in 2018 and is expected to grow at a CAGR of 14.5% over the forecast period 2019-2027, to account for US$ 3.66 Bn in 2027. During the forecast period of 2019 to 2027, the rising mergers and acquisitions along various industries is expected to drive the demand for virtual data room worldwide. However, the concerns about security may restrain the future growth of the virtual data room market. Despite this limitation, the increasing the general display function of a VDR offer an infinite opportunity for the virtual data room market during the forecast period Some of the leading players in virtual data room market are highly focusing on strategic market initiatives to enrich their product capabilities as well as to expand their geographical presence across the globe. This, in turn, is contributing to the growth of the virtual data room market.
Read the full report: https://www.reportlinker.com/p05828405/?utm_source=PRNThe market for VDR has been segmented on the basis of component, deployment, organization size, function, end-user and geography.Based on component, the market has been segmented into software and services.
Software the largest growing type in the overall market throughout the forecast period.Based on deployment type, the virtual data room market has been segmented into on-premise and cloud.
In 2018, cloud deployment type contributed a substantial share of 68% in the global VDR market.The market is further segmented on the basis of organization size into SMEs and large enterprises.
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