A virtual data room (VDR) is an online repository used to keep confidential and prevention of unauthorized access sensitive information. VDRs are typically utilized by companies during mergers and acquisitions (M&A). In the age of cyber-attacks, and data breaches are rampant numerous large companies have adopted VDR solutions to mitigate the threat of unauthorised access to sensitive company information. VDRs also provide a convenient and secure method of sharing information with investors.
VDRs are primarily used by investment bankers. They use them in capital raising and M&A, which require a lot of data sharing. They can also help companies structure their data to discover patterns and trends that might otherwise go unnoticed. Despite the popularity of these large-scale enterprise users there are a variety of small to medium-sized and independent companies that serve the market for VDR solutions.
In addition to a comprehensive range of features, many VDR providers offer competitive pricing structures. FirmRoom, which emphasizes complete price transparency, has a customer base that includes blue-chip companies like KPMG and JPMorgan Chase. Customers should choose a solution that is suited to their needs as a field is still in its infancy.
IMARC’s report analyzes the global market for virtual data rooms and provides comprehensive insight into the market’s drivers, challenges and opportunities in the major regional markets. Porter’s Five Forces Analysis is also included to help stakeholders evaluate the potential growth of the sector.