In a recent industry study titled ?Virtual Data Rooms Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026,? Persistence Market Research stated that the?Virtual Data Rooms Market?was valued at US$ 1.05 billion in 2017 and is anticipated to grow at a CAGR of 12.2% from 2018 to 2026. One of the main factors propelling the virtual data room market is the growing requirement for transparent & effective data-sharing alternatives as well as easy & safe methods for storing important data. A virtual data room is a platform for exchanging and storing information that can be set up on-premises or in the cloud. Organizations all around the world utilise this platform to store and communicate important information with clients, partners, and third parties in a reliable and secure setting. Through a secure network, this online repository is easily accessible from anywhere.