Virtual Data Room Market

Virtual Data Room Market was valued at USD 1,372 Million in 2020 and is expected to register a CAGR of 14.2% during the forecast period.

Introduction of the Virtual Data Room Market Report

Virtual Data Room is an online depository that is used to store essential data and documents. It is also called a deal room or VDR. A virtual data room is a secure place for storing and sharing data and documents. The VDR also provides applications such as the sharing of critical and confidential information usually used during the financial transaction to the third party on a secure network.

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Market Dynamic

Key Drivers and Emerging Trends

The growing factors driving the Virtual Data Room market include the increasing volume of business data due to complexity arising from merger and acquisition activities. Virtual data rooms have changed the traditional method, such as visiting physical data rooms to conduct the due diligence process of merger and acquisition transactions. During M&A transactions, parties involved use virtual data room software and services as a most reliable source to share documents that are especially valuable for facilitating critical financial transactions, fundraising, and IPO’s. Moreover, Virtual data Room provide high business performance due to various benefits such as low-cost ownership, security and storage management, and utility-based sharing models, which can further support the growth of the Virtual Data Room market.

Blockchain-based technology is emerging to enhance virtual data room security across industries. For instance, in 2020, HSBC shifted to the blockchain platform from traditional paper-based records to a fully digital and decentralized vault platform.

Restraint in the Virtual Data Room Market

However, with increasing concerns related to the cyber threats during the due diligence process of M&A activities, organizations are vulnerable to security breaches due to various technologies used by third parties in the process, which can hamper online transactions and data on a large scale.

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Component – Segment Analysis

Based on the Component, Service segment is expected to grow at a higher CAGR rate during the forecast period. Services are integral steps in deploying virtual data room. Virtual data room offers various benefits such as secure data storage, data management, and data exchange. In addition, military-grade security, multi-language support, in document linking are the other advanced features available in the virtual data room will further boost the growth of the service segment.

Deployment Mode – Segment Analysis

Based on the Deployment Mode, Cloud is expected to grow at a higher CAGR rate during the forecast period. Small and medium enterprise tends to adopt cloud-based solution owing to their cost factor, 24×7 support, and maintenance. The cloud solution offers various advantages such as scalability, adaptability, easy deployment, and cost-effectiveness which further helps to support the adoption of the cloud-based solution.

Vertical – Segment Analysis

Based on the Vertical, BFSI segment is expected to witness the highest growth in Virtual Data Room market growth during the forecast period. BFSI sector focuses more on the customer-centric business model, digitization of trade & wealth with the help of interoperability, secure storage, and 24X7 uptime. Furthermore, BFSI facilitates the overall shift to cloud deployment services such as payment gateways, online fund transfer, digital wallets, and a unified customer experience. BFSI uses Virtual Data Room as it focuses on secure sharing and storing business document to improve collaboration with full control and transparency to accelerate transaction process with lesser risk.

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Regional – Segment Analysis:

Based on the region, the North American region is expected to grow at a higher CAGR rate during the forecast period. The rising demand for an easy and secure method for the storage of confidential data and the increasing need for transparent and efficient data sharing options are boosting the market in this region. Some of the leading companies operating in this region include Datasite, Citrix System, and others. In addition, the increasing number of mergers and acquisitions and growing fundraising fuelling the demand for virtual data rooms in this region. For instance, in 2019, Citrix System updated ShareFile sync for windows designed to provide ShareFile customer with easy way to access and sync folder from ShareFile account to local computers.

Top Market Players

Various notable players operating in the market, includes, Intralinks, Inc, BMC Group, Inc, iDeals, Donnelley Financial Solutions (DFIN), Ansarada Pty Limited, Brainloop AG, Datasite, CapLinked, Inc, Citrix Systems, Inc, Onehub, among others.

Key Developments:

• In 2021, Datasite acquired Firmex. Datasite ambitious growth strategy into a new area will be aided by the acquisition of Firmex, which will further boost the company to handle a large range of use cases.

Segments covered in the Report:

The Virtual Data Room market has been segmented on the basis of Component, Deployment Mode, Vertical, and regions. Based on Component, the market is segmented into Software, and Services. Based on Deployment Mode, the market is segmented into Cloud, and On-premises. Based on Vertical, the market is segmented into BFSI, Retail and eCommerce and Government and Defence, IT and Telecom, Manufacturing, and Others. Based on the region market is segmented into Asia Pacific, Europe, North America, and RoW.

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Key questions answered in this research report:

• • At what pace is global Virtual Data Room market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Virtual Data Room market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Virtual Data Room market?
  • Which Component generated maximum revenues in 2019 and identify the most promising Component during the forecast period?
  • What are the various Deployment Mode areas of global Virtual Data Room market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Virtual Data Room Market by Component

• • Software
  • Services

Global Virtual Data Room Market by Deployment Mode

• • Cloud
  • On-premises

Global Virtual Data Room Market by Vertical

• • BFSI
  • Retail and eCommerce
  • Government and Defence
  • IT and Telecom
  • Manufacturing
  • Others

Global Virtual Data Room Market by Region

• • North America Virtual Data Room Market (Option 1: As a part of the free 25% customization)
    • North America Virtual Data Room Market by Component
    • North America Virtual Data Room Market by Deployment Mode
    • North America Virtual Data Room Market by Vertical
    • US Virtual Data Room Market All-Up
    • Canada Virtual Data Room Market All-Up
  • Europe Virtual Data Room Market (Option 2: As a part of the free 25% customization)
    • Europe Virtual Data Room Market by Component
    • Europe Virtual Data Room Market by Deployment Mode
    • Europe Virtual Data Room Market by Vertical
    • UK Virtual Data Room Market All-Up
    • Germany Virtual Data Room Market All-Up
    • France Virtual Data Room Market All-Up
    • Spain Virtual Data Room Market All-Up
    • Rest of Europe Virtual Data Room Market All-Up
  • Asia-Pacific Virtual Data Room Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Virtual Data Room Market by Component
    • Asia-Pacific Virtual Data Room Market by Deployment Mode
    • Asia-Pacific Virtual Data Room Market by Vertical
    • China Virtual Data Room Market All-Up
    • India Virtual Data Room Market All-Up
    • Japan Virtual Data Room Market All-Up
    • Rest of APAC Virtual Data Room Market All-Up
  • RoW Virtual Data Room Market (Option 4: As a part of the free 25% customization)
    • RoW Virtual Data Room Market by Component
    • RoW Virtual Data Room Market by Deployment Mode
    • RoW Virtual Data Room Market by Vertical
    • Brazil Virtual Data Room Market All-Up
    • South Africa Virtual Data Room Market All-Up
    • Saudi Arabia Virtual Data Room Market All-Up
    • UAE Virtual Data Room Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Virtual Data Room Market All-Up

Major Players Operating in the Virtual Data Room (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Intralinks, Inc
  • BMC Group, Inc
  • iDeals
  • Donnelley Financial Solutions (DFIN)
  • Ansarada Pty Limited
  • Brainloop AG
  • Datasite
  • CapLinked, Inc
  • Citrix Systems, Inc
  • Onehub