Virtual Data Rooms in the UK - Industry Market Research Report

Low data: Industry demand is set to suffer in 2023-24 due to inflationary pressures

Virtual data rooms are primarily used for business transactions like mergers and acquisitions (M&As) and initial public offerings (IPOs) that involve sensitive information. While the financial and legal sectors are the main market for these services, other industries that require confidential document management can also benefit from virtual data rooms. Over the past five years, advancements in virtual data room technology and the increase in electronic information storage have led to a growing preference for industry platforms instead of physical document management solutions. This industry provides clients with virtual data rooms, which are secure document sharing and storage solutions geared toward legal due diligence, mergers and acquisitions, initial public offerings, bankruptcies and other information-sensitive applications. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.