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.
Sony. Equifax. Yahoo. HBO. Target. The Democratic National Committee. Each of these entities suffered major losses (financial and otherwise) as a result of computer hacking. And there’s every reason to believe nefarious players will continue to worm their way into networks to steal or compromise critical data. This is why a multi-layered security effort is as important as ever — to ensure valuable information is protected from those who want to commandeer it for their own benefit.