Report : Asia Pacific Virtual Data Room Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software, and Services), Deployment (On-Premises, and Cloud), Organization Size (SMEs, and Large Enterprises), Business Function (Merger & Acquisition, Finance,
The Large Enterprises Segment to Dominate Asia Pacific Virtual Data Room Market during 2021-2028
According to a new market research study on “Asia Pacific virtual data room market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Component, Deployment, Organization Size, Business Function, End-User and Country,” is expected to reach US$ 934.67 million by 2028 from US$ 303.18 million in 2021. The market is estimated to grow at a CAGR of 15.1% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific virtual data room market along with the drivers and restraints pertaining to the market growth. Widescale mergers and acquisition taking place across multiple industries and evolution of advanced VDR technologies for due diligence are major factors driving the growth of the Asia Pacific virtual data room market. However, cyber-attacks and data breaches may hinder the growth of Asia Pacific virtual data room market.
The COVID-19 pandemic has drastically impacted ICT budgets of major companies in Asia Pacific. According to various reports, countries in the region are experiencing 5–7% decline in ICT expenditure. However, senior decision makers continue to consider technology investments as a feasible way to help steer their organizations through COVID-19. According to a report by Asian Development Bank, digital platforms, including technology-based tools provide vast growth opportunities for business of different sizes in Asia Pacific, which can significantly result in a sustainable recovery from the adverse effects of the pandemic. Industry experts claim that countries in this region have gained from rapid technological progress and digitalization.
The market for Asia Pacific virtual data room is segmented into component, deployment, organization size, business function, end-user and country. Based on component, the market is segmented into software, and services. In 2020, the software segment held the largest share in Asia Pacific virtual data room market. Based on deployment, the Asia Pacific virtual data room market is divided into on-premises, and cloud. The cloud segment is expected to be the fastest growing segment over the forecast period. As per organization size, the market is classified into SMEs, and large enterprises. In 2020, the large enterprises segment held the largest share in Asia Pacific virtual data room market. On the basis of business function, the Asia Pacific virtual data room market is categorized into merger & acquisition, finance, marketing and sales, compliance and legal, workforce management, and others. The marketing and sales segment is expected to be the fastest growing segment over the forecast period. Based on end-user, the market is segmented into BFSI, IT & telecommunication, healthcare, energy & power, retail, and others. In 2020, the others segment held the largest share in Asia Pacific virtual data room market. Based on country, the Asia Pacific virtual data room market is divided into Australia, China, India, Japan, South Korea and rest of Asia Pacific. In 2020, UK held the largest share in Asia Pacific virtual data room market. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific virtual data room market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for virtual data room.
Ansarada Group Limited; BMC Group, Inc.; Brainloop AG; CapLinked; EthosData; iDeals Solutions Group; Intralinks, Inc.; Datasite; Thomson Reuters Corporation and Donnelley Financial Solutions, Inc. are some of the leading companies in the Asia Pacific virtual data room market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com