The global virtual data room market size reached US$ 2.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2022-2028. The increasing adoption of cloud-based solutions, rising use of m-banking apps, and the growing preferences for online shopping represent some of the key factors driving the market.
A virtual data room (VDR) is an online repository of information used to store and share confidential documents securely. It is a digital version of a physical data room to store and exchange sensitive information during business transactions, including mergers and acquisitions (M&A), initial public offerings (IPOs), and audits. It provides a secure and controlled environment wherein authorized users can access, view, and collaborate on documents from anywhere with an internet connection. It also offers notes and bookmarks, question and answer (Q&A) tools, and multiple-factor authentication and watermarking. It removes the requirement for physical data storage and provides instant access from any location.
2. What is the expected growth rate of the global virtual data room market during 2023-2028?
3. What are the key factors driving the global virtual data room market?
4. What has been the impact of COVID-19 on the global virtual data room market?
5. What is the breakup of the global virtual data room market based on the component?
6. What is the breakup of the global virtual data room market based on the deployment type?
7. What is the breakup of the global virtual data room market based on the enterprise size?
8. What is the breakup of the global virtual data room market based on the business function?
9. What is the breakup of the global virtual data room market based on the vertical?
10. What are the key regions in the global virtual data room market?
11. Who are the key players/companies in the global virtual data room market?
A virtual data room (VDR) is an online repository of information used to store and share confidential documents securely. It is a digital version of a physical data room to store and exchange sensitive information during business transactions, including mergers and acquisitions (M&A), initial public offerings (IPOs), and audits. It provides a secure and controlled environment wherein authorized users can access, view, and collaborate on documents from anywhere with an internet connection. It also offers notes and bookmarks, question and answer (Q&A) tools, and multiple-factor authentication and watermarking. It removes the requirement for physical data storage and provides instant access from any location.
Virtual Data Room Market Trends:
The increasing adoption of cloud-based solutions in small and medium-scale enterprises (SMEs) to maintain business data efficiently and secure documentation management effectively represents one of the major factors driving the demand for VDRs around the world. Moreover, VDRs are employed in the banking, financial services and insurance (BFSI) industry to store and share financial statements, tax returns, and other documentation required for loan processing securely. They also help improve efficiency, reduce costs, and ensure compliance with regulatory requirements. This, coupled with the rising use of m-banking apps, is favoring the growth of the market. In addition, VDRs find applications in the e-commerce industry to share supply chain management information like supplier contracts, inventory data, and logistics information. They are also utilized for sharing confidential information, such as product catalogs, pricing information, and sales data for e-commerce platforms. This, along with the growing preference for online shopping among the masses on account of hectic schedules, considerable reliance on smartphones, and increasing penetration of high speed internet connectivity, is influencing the market positively. Apart from this, the integration of artificial intelligence (AI), machine learning (ML), and two factor authentication in VDRs to analyze documents and identify potential risks or compliance issues are contributing to the market growth. These advanced technologies help administrators quickly identify potential issues and take actions to mitigate risks and offer an additional layer of security beyond traditional username and password authentication. Furthermore, the increasing number of startups is catalyzing the demand for VDRs to help share confidential information and control sensitive documents for due diligence.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global virtual data room market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, enterprise size, business function and vertical.Component Insights:
- Solution
- Services
Deployment Type Insights:
- Cloud-based
- On-premises
Enterprise Size Insights:
- Large Enterprises
- Small and Medium Enterprises
Business Function Insights:
- Marketing and Sales
- Legal
- Finance
- Workforce Management
Vertical Insights:
- BFSI
- Retail and E-Commerce
- Government
- Healthcare and Life Sciences
- IT and Telecommunications
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global virtual data room market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Ansarada Pty Ltd., Brainloop AG (Diligent Corporation), CapLinked, Citrix Systems Inc., Datasite Global Corporation, DealRoom Inc., EthosData, Firmex Inc, FORDATA sp. z o.o., iDeals Solutions Group, Intralinks Holdings Inc. (SS&C Technologies), SecureDocs Inc., ShareVault (Pandesa Corporation), SmartRoom (BMC Group), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global virtual data room market in 2022?2. What is the expected growth rate of the global virtual data room market during 2023-2028?
3. What are the key factors driving the global virtual data room market?
4. What has been the impact of COVID-19 on the global virtual data room market?
5. What is the breakup of the global virtual data room market based on the component?
6. What is the breakup of the global virtual data room market based on the deployment type?
7. What is the breakup of the global virtual data room market based on the enterprise size?
8. What is the breakup of the global virtual data room market based on the business function?
9. What is the breakup of the global virtual data room market based on the vertical?
10. What are the key regions in the global virtual data room market?
11. Who are the key players/companies in the global virtual data room market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Virtual Data Room Market
6 Market Breakup by Component
7 Market Breakup by Deployment Type
8 Market Breakup by Enterprise Size
9 Market Breakup by Business Function
10 Market Breakup by Vertical
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Ansarada Pty Ltd.
- Brainloop AG (Diligent Corporation)
- CapLinked
- Citrix Systems Inc.
- Datasite Global Corporation
- DealRoom Inc.
- EthosData
- Firmex Inc
- FORDATA sp. z o.o.
- iDeals Solutions Group
- Intralinks Holdings Inc. (SS&C Technologies)
- SecureDocs Inc.
- ShareVault (Pandesa Corporation) and SmartRoom (BMC Group)
Methodology
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