Virtual Data Room Market Report by Component (Solution, Services), Deployment Type (Cloud-based, On-premises), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Business Function (Marketing and Sales, Legal, Finance, Workforce Management), Vertical (BFSI, Retail and E-Commerce, Government, Healthcare and Life Sciences, IT and Telecommunications, and Others), and Region 2024-2032

Virtual Data Room Market Report by Component (Solution, Services), Deployment Type (Cloud-based, On-premises), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Business Function (Marketing and Sales, Legal, Finance, Workforce Management), Vertical (BFSI, Retail and E-Commerce, Government, Healthcare and Life Sciences, IT and Telecommunications, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3828
Buy Now

Global Virtual Data Room Market:

The global virtual data room market size reached US$ 2.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2032, exhibiting a growth rate (CAGR) of 12% during 2024-2032. Some of the primary factors driving the virtual data room market are the increasing acceptance of cloud-based solutions, a rising number of m-banking apps, and the growing inclination for online shopping.

Report Attribute Key Statistics
Base Year
2023                       
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.5 Billion
Market Forecast in 2032
US$ 7.2 Billion
Market Growth Rate (2024-2032)
12%


Virtual Data Room Market Analysis:

  • Market Growth and Size: The rising demand for secure data management solutions is a major factor driving the virtual data room (VDR) market. The industry has grown tremendously, and it now offers a wide range of cloud-based solutions adapted to specific needs. Furthermore, technological advancements, including AI integration, improve functionality and security, which act as other significant factors driving market growth. Additionally, the escalating need for data security and seamless communication among modern corporations worldwide will likely fuel the VDR market growth.
  • Technological Advancements: Technological breakthroughs such as AI integration, Blockchain, mobile optimization, advanced encryption techniques, and multi-factor authentication, are transforming virtual data rooms (VDRs), improving security and usefulness. These advances extend VDRs beyond storage solutions to provide enterprises with efficient, secure, and collaborative platforms. Moreover, as technology improves, VDRs will remain at the forefront of data management, addressing the evolving needs of modern enterprises.
  • Industry Applications: Virtual data rooms (VDRs) are widely used across numerous sectors. Additionally, the growing use of VDRs in the finance sector as they help secure due diligence processes during mergers and acquisitions is further contributing to the market growth. Apart from this, the escalating utilization of VDRs in healthcare organizations for clinical trials, regulatory compliance, and the exchange of secret data, is acting as a significant growth-inducing factor. Furthermore, VDRs are useful for real estate transactions because they facilitate property paperwork and investor communications. Consequently, across sectors, VDRs promote collaboration, ensure data security, and speed critical operations, making them important in today's digital economy.
  • Geographical Trends: North America holds the largest virtual data room market share, due to the increasing use of VDR in its developed banking and legal sectors. Furthermore, Europe continues to maintain a close watch on matters, owing to stringent data protection regulations like GDPR. In addition to this, the Asia-Pacific market is expanding rapidly, driven by increasing M&A activity and technological innovation. Moreover, the growing adoption of VDRs due to the rising efforts on digitalization and globalization by the emerging markets in Latin America and Africa is creating a positive impact on the market.
  • Competitive Landscape: Virtual data rooms (VDRs) have a strong competitive environment, with several suppliers providing a variety of solutions tailored to specific virtual data room market demands. Continuous innovation and strategic alliances drive competition in the VDR market, giving organizations a varied range of options for secure data management solutions. Some of the top virtual data room companies 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), among others.
  • Challenges and Opportunities: Cybersecurity concerns, regulatory compliance challenges, and user acceptance obstacles owing to the dynamic nature of technology have posed a challenge to the virtual data room industry. However, these challenges create opportunities for creativity as VDR providers may use upcoming technologies such as AI and blockchain to improve security and streamline procedures. Furthermore, continuous efforts to resolve user experience problems and deliver comprehensive training programs can boost adoption rates, thereby supporting the virtual data room market forecast.
  • Future Outlook: The virtual data room market outlook seems positive, owing to increased digitalization, distant work habits, and growing data security concerns. VDRs will grow into full collaboration platforms that include AI, blockchain, and sophisticated encryption to improve security and efficiency. As organizations rely more on digital data management solutions, VDRs will continue to play an important role in allowing safe information interchange, promoting innovation, and supporting worldwide company operations.
     

Global Virtual Data Room Market


Virtual Data Room Market Trends:

Increasing Adoption of Cloud-Based Solutions

One of the major virtual data room market trends is the growing acceptance of cloud-based solutions in small and medium-scale enterprises (SMEs) to maintain business data efficiently and secure documentation management effectively. Moreover, the rising adoption of VDRs 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, is acting as another significant growth-inducing factor. They also help improve efficiency, reduce costs, and ensure compliance with regulatory requirements. This, along with the rising use of m-banking apps, is further propelling the virtual data room market growth. For instance, Oracle assisted European data privacy and sovereignty requirements with the new EU sovereign cloud. EU Sovereign Cloud offers Oracle Cloud Infrastructure services at the same service level agreements and low prices as Oracle's commercial cloud regions. New Sovereign Cloud is entirely within the EU and is separate from Oracle's other cloud regions, giving customers more data control.

Rising Focus on Security And Compliance

The increasing application of VDRs in the e-commerce industry to share supply chain management information like supplier contracts, inventory data, and logistics information, is augmenting the market. Additionally, the growing utilization of VDRs for sharing confidential information, such as product catalogs, pricing information, and sales data for e-commerce platforms is also contributing to the market growth. This, along with the rising 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. Furthermore, the increasing number of startups is catalyzing the demand for VDRs to help share confidential information and control sensitive documents for due diligence. For instance, IBM and Cohesity collaborated to address organizations' increased data security and resiliency in hybrid cloud environments. Integrating data protection, cyber resilience, and data management capabilities from both companies, IBM launched the IBM Storage Defender solution, including Cohesity's data protection as an integral part of the offering. IBM Storage Defender is designed to support AI and event monitoring across various storage platforms through a single glass pane to protect organizations' data layers from risks like ransomware, sabotage, and human error.

Integration With Advanced Technologies

The use of artificial intelligence (AI), machine learning (ML), and two-factor authentication in VDRs to evaluate documents and detect possible hazards or compliance concerns is contributing to the growth of the market. These advanced technologies enable administrators to immediately identify possible concerns and conduct risk-mitigation steps, as well as provide an extra layer of protection beyond typical login and password authentication. Moreover, AI-powered capabilities like document classification, predictive analytics, and anomaly detection may help users manage, analyze, and get insights from their data. For instance, Amelia showcased the latest version of its Conversational AI platform at Enterprise Connect 2024. This version leverages both deterministic and generative AI capabilities, which allow enterprises to deploy customer care virtual agents that provide the most effective resolutions to users’ informational and transactional requests. For another instance, CallCabinet unveils the next evolution of AI-driven Conversation Analytics. The fortified integration of generative AI, optimized interface, and expanded customization, now equips companies to align analytics with specific strategic core objectives, heightened efficiency, and engagement with intuitive data across departments.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Virtual Data Room Market Segmentation:

IMARC Group 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 2024-2032. Our report has categorized the market based on component, deployment type, enterprise size, business function, and vertical.

Breakup by Component:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Solution
  • Services
     

The report has provided a detailed breakup and analysis of the virtual data room market based on the components. This includes solutions and services. According to the report, solution represented the largest segment.

Cloud-based solutions make up the largest sector of the virtual data room (VDR) industry. Cloud-based VDRs meet the demands of a variety of industries by providing scalability, accessibility, and comprehensive security. Their subscription-based pricing strategy appeals to organizations of all sizes since it eliminates upfront infrastructure expenditures. Advanced features like AI integration, smartphone optimization, and compliance certifications add to their attractiveness. With the global move toward remote work and rising data security concerns, cloud-based VDRs remain the market leaders, acting as essential solutions for safe data management, communication, and compliance in a variety of industries throughout the world. For example, Accenture and Google Cloud announced expanding their global partnership to assist businesses in better protecting critical assets and strengthening security against persistent cyber threats. Jointly, they are providing the technology and security expertise to the organization's trusted infrastructure required to build robust security programs and maintain confidence in their readiness.

Breakup by Deployment Type:

  • Cloud-based
  • On-premises
     

A detailed breakup and analysis of the virtual data room market based on the deployment type has also been provided in the report. This includes cloud-based and on-premises. According to the report, on-premises accounted for the largest market share.

While cloud-based solutions have gained popularity, on-premises virtual data rooms (VDR) solutions continue to account for a sizable portion of the industry. On-premises VDRs are especially popular in areas with high data security and compliance requirements, such as banking and healthcare, since they provide enterprises more control over their data by keeping it within their physical infrastructure. Despite the advent of cloud-based alternatives, on-premises solutions are still chosen by enterprises desiring total control over sensitive data. However, as cloud technology progresses and security issues are addressed, the mix of on-premises and cloud-based VDR systems may vary in the future. For example, Pfizer Inc. and Amazon Web Services (AWS) agreed to collaborate on the development of new cloud technologies that could revolutionize the way new drugs are researched, manufactured, and distributed for clinical trials.

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises
     

The report has provided a detailed breakup and analysis of the virtual data room market based on the enterprise size. This includes large enterprises and small and medium enterprises. According to the report, large enterprises represented the largest segment.

Large enterprises represent the largest portion of the virtual data room (VDR) market. With their enormous data management requirements, complicated workflows, and rigorous security requirements, major organizations rely significantly on VDRs for safe document exchange, due diligence procedures, M&A operations, and compliance responsibilities. These firms frequently emphasize features such as robust encryption, granular access restrictions, and integration capabilities in order to expedite operations and maintain data security. As the digital transition continues and data becomes more valuable, major companies will continue to drive demand for sophisticated VDR solutions suited to their requirements and challenges.

Breakup by Business Function:

  • Marketing and Sales
  • Legal
  • Finance
  • Workforce Management
     

A detailed breakup and analysis of the virtual data room market based on the business function has also been provided in the report. This includes marketing and sales, legal, finance, and workforce management. According to the report, finance accounted for the largest market share.

The finance sector is the largest section in the virtual data room (VDR) market. Given the industry's high-stakes transactions, tight rules, and sensitive data handling, VDRs are critical in enabling safe document sharing, due diligence, mergers and acquisitions, and financing. Finance organizations prefer VDR capabilities such as strong encryption, compliance certifications, and audit trails to protect private information and maintain regulatory compliance. As financial transactions shift to digital platforms, the need for VDR solutions suited to the specific demands of the finance industry grows, cementing its position as a key driver of market development.

Breakup by Vertical:

  • BFSI
  • Retail and E-Commerce
  • Government
  • Healthcare and Life Sciences
  • IT and Telecommunications
  • Others
     

The report has provided a detailed breakup and analysis of the virtual data room market based on the vertical. This includes BFSI, retail and e-commerce, government, healthcare and life sciences, IT and telecommunications, and others. According to the report, BFSI represented the largest segment.

BFSI (Banking, Financial Services, and Insurance) is the largest category in the virtual data room (VDR) industry. Given the industry's crucial requirement for safe data management, compliance, and secret transactions, VDRs play an important role in supporting mergers and acquisitions, due diligence, financing, and regulatory compliance procedures. BFSI companies choose VDR systems that have sophisticated security features, regulatory certifications, and seamless integration capabilities to improve operations and assure data integrity. As the BFSI industry embraces digital transformation and worldwide development, the need for solid VDR solutions adapted to its unique needs remains strong, resulting in considerable market growth. For instance, with a significant focus on developing advanced VDR solutions, key market players such as Intralinks, Inc., Ansarada Pty Ltd, Datasite, and Firmex are aiming at providing AI-powered solutions. This AI-powered virtual data room solution facilitates clients to access real-time insights on the bidder’s behaviors and their target areas. Also, AI-power solutions reduce clients’ time consumption in sorting documents and deal with reporting by making it automated.

Breakup by Region:

 

 
 

To get more information on the regional analysis of this market, Request Sample

  • 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
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for virtual data rooms.

Some of the factors driving the North America virtual data room market included increasing automation trends, rising mergers and acquisitions (M&A) activities, technological advancements, etc. This dominance is due to the region's excellent technology infrastructure, strong regulatory frameworks, and mature financial and legal industries. With a large frequency of mergers, acquisitions, and fundraising operations, North American enterprises in a variety of sectors rely on VDRs for safe document exchange, due diligence, and compliance. As the area continues to lead in digital innovation and data-driven business practices, demand for VDR solutions customized to North American market demands remains high, fueling the sector's sustained expansion. For example, according to a report by the European Federation of Pharmaceutical Industries and Associations, the North American market, which includes the United States and Canada, had the largest share of the global pharmaceutical market at 49%, ahead of Europe, China, and Japan. Thus, due to the high demand for drugs in the region, investment in drug discovery, development, and manufacturing is significantly higher than in other regions, and this is expected to increase cloud services in the region, leading to growth in the researched market in North America during the forecast period of the study.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key 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 key market players in the virtual data room  market 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)


Virtual Data Room Market News:

  • March 2024: Virtual Incision Corporation, the developer of the MIRA Surgical System (MIRA), announced the company will showcase MIRA at NVIDIA GTC. The global AI conference is focused on exploring what’s next in AI, computer graphics, data science, machine learning, and autonomous machines across industries.
  • March 2024: ServiceNow, the leading digital workflow company furthered its generative AI (GenAI) leadership with new capabilities in its Washington, D.C. platform release. The new features enhance the Now Assist GenAI experiences, which offer responsible, intelligent automation embedded into the ServiceNow platform. Now Assist for IT Operations Management (ITOM) AIOps, Now Assist in Virtual Agent enhancements, and ServiceNow Impact AI Accelerators extend ServiceNow’s innovation in AI and help boost productivity and accelerate value from AI investments.
  • March 2023: Mastercard acquired cloud-based cybersecurity company Baffin Bay Networks to assist businesses in dealing with the increasingly challenging nature of cyberattacks. Baffin Bay Networks, based in Sweden, adds to Mastercard's multi-layered approach to cybersecurity and assists in stopping attacks while mitigating exposure to risk across the ecosystem. The acquisition further strengthens Mastercard's broader service offerings and value beyond the payment transaction.


Virtual Data Room Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Deployment Type, Enterprise Size, Business Function, Vertical, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the virtual data room market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global virtual data room market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the virtual data room industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global virtual data room market was valued at US$ 2.5 Billion in 2023.

We expect the global virtual data room market to exhibit a CAGR of 12% during 2024-2032.

The emerging trend of automation, along with the rising adoption of virtual data rooms as they aid in improving business operations, securing documentation management, managing day-to-day operations, etc., is primarily driving the global virtual data room market.

The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of virtual data rooms to share confidential information and control sensitive documents, during the remote working and Bring-Your-Own-Device (BYOD) models.

Based on the component, the global virtual data room market can be segmented into solution and services. Currently, solution holds the majority of the total market share.

Based on the deployment type, the global virtual data room market has been divided into cloud-based and on-premises, where on-premises currently exhibit a clear dominance in the market.

Based on the enterprise size, the global virtual data room market can be categorized into large enterprises and small and medium enterprises. Currently, large enterprises account for the majority of the global market share.

Based on the business function, the global virtual data room market has been segregated into marketing and sales, legal, finance, and workforce management. Among these, finance currently holds the largest market share.

Based on the vertical, the global virtual data room market can be bifurcated into BFSI, retail and e-commerce, government, healthcare and life sciences, IT and telecommunications, and others. Currently, BFSI exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global virtual data room market 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), and SmartRoom (BMC Group).

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Virtual Data Room Market Report by Component (Solution, Services), Deployment Type (Cloud-based, On-premises), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Business Function (Marketing and Sales, Legal, Finance, Workforce Management), Vertical (BFSI, Retail and E-Commerce, Government, Healthcare and Life Sciences, IT and Telecommunications, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More