Do I Really Need a Virtual Data Room? Comparing Data Rooms to Sites like DropBox
The worldwide virtual data room (VDR) market is expected to more than double in size to nearly $1.9 billion by 2022, this according to MarketsandMarkets. Driven by a combination of robust M&A activity, technological improvements and changing business practices, these highly secure systems for storing and managing sensitive data are streamlining how transactions are conducted.
With the stock market in near-record territory, experts predict interest in the equity markets will lead to a resurgence in IPOs after years of slow going. In a January 2018 Barron’s story, Fred Wilson, partner with the venture capital firm Union Square Ventures, said there’s a “pipeline of strong, mature and increasingly profitable” firms looking to go public in the next two years. This could include tech companies like Dropbox, Uber, Airbnb and Pinterest. Accompanying this growth of the IPO market will likely come a noticeable increase in the burgeoning virtual data room sector.
