Industry Analysis & Industry Trends
Driving industry growth has been the economy-wide transition toward providing services online. And the time and money savings this industry offers to virtual data rooms (VDRs) users to examine confidential documents has made them enormously valuable to investors. Because of this additional value, the ability of users to access otherwise secret information can greatly expand the number of investors to whom they can offer such access. Due to these factors, IBISWorld anticipates the industry to continue growing strongly, even amid weak financial markets, as the value of this industry's services becomes more widely accepted. Weak financial markets may even benefit this industry since bankruptcy-induced buyouts are major uses of this industry's product.... purchase to read more
Industry Report - Industry Locations Chapter
The Virtual Data Rooms industry is most highly concentrated in the West and Southeast regions. This is then followed by the Mid-Atlantic due to the number of businesses in the region that use virtual data rooms. Washington and California currently are the largest states in terms of establishments in the United States. Due to the virtual nature of industry products, it is not necessarily important for industry participants to be located near their major markets.
Currently, the West accounts for 37.5% of industry establishments and is primarily made up by Washington, California and Oregon. Washington is the single largest source of income due to the number of major companies headquartered in the state... purchase to read more