0

Virtual Data Room Market Expected to Reach $3.63 Billion by 2026

 
2022
Virtual Data Room Market

Report Code : A05465

quote IT & telecom sector is expected to attain significant growth in the upcoming years, owing to increase in need for efficient information and communication flow. quote

Pramod Borasi
Research Analyst, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, 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 $1.30 billion 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.

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 BFSI segmented 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.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Virtual Data Room Market by Component (Solution and Services), Deployment Model (On-premise and Cloud), Organization Size (Large Enterprises and Small & Medium Enterprises), Business Function (Marketing & Sales, Legal, Finance, and Workforce Management), and Industry Vertical (BFSI, Retail & E-commerce, Government, Healthcare, IT & Telecom, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Virtual Data Room Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers