Industry Analysis & Industry Trends
Over the past five years, a significant number of virtual data rooms (VDRs), which are online repositories for sensitive information, have emerged. Due to the significant time and money savings that VDRs offer, their usage has experienced dramatic growth over the past five years. Moreover, the industry is expected to grow rapidly over the next five years benefiting from a continued transition away from physical data rooms. Driving this growth will be the continued transition toward online services due to the relative ease and speed with which they can be accessed.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Virtual Data Rooms industry is in the growth stage of its economic life cycle. The industry is characterized by strong growth as a result of an increasing percentage of business transactions done online, rapid growth in acceptance of industry products and services and a large number of new players continuing to enter the industry. Despite a slowdown during the recession, the industry has experienced strong year on year improvements in revenue as more businesses take advantage of the cost and time-efficiency of virtual data rooms.
Industry value added (IVA), used to measure an industry's contribution to the overall economy, is projected to increase by an annualized 16.9% over the 10 years through 2021... purchase to read more