Virtual Data Room Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Virtual Data Room Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3828
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Virtual Data Room Market Overview 2023-2028:

The global virtual data room market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2023-2028. 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.

Report Attribute                                                            
 Key Statistics                   
Base Year
2022                       
Forecast Years
2023-2028
Historical Years
2017-2022
Virtual Data Room Market Size in 2022
US$ 2.2 Billion
Virtual Data Room Market Forecast in 2028
US$ 4.8 Billion
Virtual Data Room Market Growth Rate (2023-2028)
13.9%                            


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.

Global Virtual Data Room Market

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.

 

 
 

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.

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Key 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 2023-2028. Our report has categorized the market based on component, deployment type, enterprise size, business function and vertical.

Component Insights:

 

 
 

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.

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  • Solution
  • Services
     

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

Deployment Type Insights:

  • 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.

Enterprise Size Insights:

  • 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.

Business Function Insights:

  • 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.

Vertical Insights:

  • 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.

Regional Insights:

 

 
 

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  • 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 room. 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.  

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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) and SmartRoom (BMC Group)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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 2017-2028.
  • 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$ 2.2 Billion in 2022.

We expect the global virtual data room market to exhibit a CAGR of 13.9% during 2023-2028.

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).

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Virtual Data Room Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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