Increase in volume of business data resulting from different mergers and acquisitions done by companies and various data privacy regulations imposed by government drive the growth of the global virtual data room market. In addition, surge in data traffic in various organizations and lack of security provided to different data centers are the major factor driving the growth of the market. Furthermore, rise in need for intellectual property and risk management fuels the growth of the market. However, rise in risk of various cyber security issues in virtual data room hampers the growth of the market. On the contrary, increase in adoption among SMEs and focus various organizations in deal room solutions are expected to present major opportunities for the expansion of the market in future.
The global virtual data room market is segmented into component, deployment model, organization size, business function, industry vertical, and region. In terms of component, the market is bifurcated into solution and service. Depending on deployment model, it is segregated into on-premise and cloud. By organization size, it is divided into large enterprises and small- and medium-sized enterprises (SMEs). In terms of business function, it is classified into marketing & sales, legal, finance, and workforce management. As per industry vertical, it is fragmented into BFSI, retail & e-commerce, government, healthcare, IT & telecom, construction, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market Brainloop AG, Caplinked Inc., Citrix Systems Inc., Drooms GmbH, Ethos data, Firmex Corporation, Intralinks Holdings Inc., Merrill Corporation Ltd., shareVault, and Vault Rooms Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key benefits for stakeholders
- The study provides an in-depth analysis of the global virtual data roommarket along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global virtual data roommarket from 2019 to 2026 is provided to determine the market potential.
Key market segments
By Component
- Solution
- Service
By Deployment Mode
- On-Premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Business Function
- Marketing & Sales
- Legal
- Finance
- Workforce Management
By Industry Vertical
- BFSI
- Retail & E-commerce
- Energy & Utilities
- Healthcare
- IT & Telecom
- Construction & Real Estate
- Other
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Brainloop AG
- Caplinked Inc.
- Citrix Systems Inc.
- Drooms GmbH
- Ethos data
- Firmex Corporation
- Intralinks Holdings Inc.
- Merrill Corporation Ltd
- ShareVault
- Vault Rooms Inc.
Table of Contents
Executive Summary
According to the report titled, 'Virtual data room Market by Component, Deployment Model, Organization Size, Business Function, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global market was valued at $1.30billion in 2018, and the virtual data room market forecast is projected to reach $3.63 billion by 2026, growing at a CAGR of 13.70% from 2019 to 2026.A virtual data room (VDR) is a series of commercial extranets that provide an online repository of data. Businesses use a secure virtual data room to share critical information with external customers and partners in a secure, online environment. The primary goal of virtual data room is to support complex processes and business processes, which require sharing of confidential data with third parties beyond their firewall. In addition, virtual data room helps developers to protect their documents and critical information from vulnerabilities while deploying the security level that matches their application needs. Furthermore, increase in volume of business data arising from different mergers & acquisitions done by companies and various data privacy regulations imposed by the government drive the growth of the market. In addition, surge in need for intellectual property and risk management fuels the growth of the market. However, increase in risk of various cyber security issues in virtual data room hampers the growth of the market. Conversely, increase in adoption among SMEs and rise in investment by various organizations in virtual data rooms is expected to present major opportunities for the expansion of the market in the near future.
The finance segment dominated the virtual data room market industry in 2018 and is projected to maintain its dominance during the forecast period, owing to the increase in adoption of virtual data room solution for storing documents, sharing files, securing classified documents, and conducting financial transactions. Furthermore, legal & compliance segment is expected to grow at a significant CAGR during the forecast period, owing to the use of this solution by legal firms to secure legal documents storage, corporate fundraising, litigation, bankruptcy, M&A documents.
The BFSI sector dominated the virtual data room industry in 2018 and is projected to maintain its dominance during the forecast period, owing to rise in adoption of this solution for providing security to the confidential information of the customers and reducing the cyber-attacks on the customers. Furthermore, the IT & Telecom sector is expected to grow at a significant CAGR during the forecast period, owing to its unique features of storing and delivery accurate information to the end user for improving their decision-making capability.
By region, the global virtual data room market was dominated by North America in 2018 and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region includes growing adoption of virtual data room solution by government and businesses in developed economies, such as Canada and the United States. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the growing data and increasing number of mergers and acquisitions in the region.
According to PramodBorasi, Research Analyst, ICT, “IT &telecom sector is expected to attain significant growth in the upcoming years, owing to increase in need for efficient information and communication flow.”
KEY FINDINGS OF THE STUDY
- By component, the solution segment led the virtual data room market, in terms of revenue in 2018.
- On the basis of deployment model, the cloud segment accounted for the highest virtual data room market share in 2018.
- Depending on industry vertical, the BFSIsegmented accounted for the highest virtual data room market share in 2018.
- Region wise, North America generated the highest revenue in 2018.
The report analyses the profiles of key players operating in the market Brainloop AG, Caplinked Inc., Citrix Systems Inc., Drooms GmbH, Ethos data, Firmex Corporation, Intralinks Holdings Inc., Merrill Corporation Ltd., shareVault, and Vault Rooms Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Brainloop AG
- Caplinked Inc.
- Citrix Systems Inc.
- Drooms GmbH
- Ethos data
- Firmex Corporation
- Intralinks Holdings Inc.
- Merrill Corporation Ltd.
- shareVault
- Vault Rooms Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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