Virtual Data Room Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : ICT

The global Virtual Data Room market size is expected to be worth around US$ 4.13 billion by 2028, according to a new report by Vision Research Reports.

The global Virtual Data Room market size was valued at US$ 1.48 billion in 2020 and is anticipated to grow at a CAGR of 14.8% during forecast period 2021 to 2028.

Growth Factors

Rapidly growing demand for highly secured solutions to share extremely confidential documents between companies during mergers and acquisitions activities is the key factor driving the market growth. A Virtual Data Room (VDR) is a web-based document repository platform in which enterprises can store their highly confidential files and provide access to authorized persons.

In a bid to collaborate and exchange secret documents swiftly and privately, several legal and government agencies are aggressively adopting virtual data room solutions, thereby fueling the overall demand. The virtual data room solutions have witnessed widespread adoption across healthcare industries for not only delivering enhanced safety for the crucial documents used in applications but also for the support in/out-licensing of medicines. As a result, it is estimated to boost the healthcare and life sciences segment growth from 2020 to 2027. Moreover, rising concerns over data security, coupled with stringent data protection regulations like General Data Protection Regulation (GDPR) across European countries and other nations, allow several enterprises to deploy secure solutions, which help them comply with these modern data protection regulations during the exchange of information. Therefore, it is anticipated to fuel the demand for virtual data room solutions across businesses.

With the growing trend to share confidential documents with their vendors and internal employees anytime without using firewalls, the demand for virtual data room is expected to gain momentum among corporate businesses over the forecast period. Additionally, to access secured and organized essential information from anywhere by the busy board members in any organization is expected to surge the VDR demand globally. Furthermore, the virtual data room helps real estate investors, managers, and brokers doing due diligence during many applications, including property exchange, advisory services, and property purchase and sales. Resultantly, it is estimated to propel the adoption of VDR solutions across the real estate industry. Furthermore, the significant focus on providing an AI-powered virtual data room solution helps key market players strengthen their market position globally.

Report Highlights

The solution segment accounted for more than 70.01% of the global revenue share in 2019. This is attributable to rapidly accelerating demand for VDR software across various applications, including mergers and acquisitions, financial audits, in/ out-licensing, fundraising/ IPOs, and bid management, among others.

The cloud-based segment held a market share exceeding 65.01% of the global revenue share in 2019. This is attributed to the considerable focus of key market players to offer cloud-based VDR solutions across the globe. The key benefit of cloud-based solutions is the ease of its accessibility from anywhere in the world.

The large enterprise segment attained a market share of over 70.01% in 2019. This is attributable to the high adoption of virtual data room software among large investment firms, banks, healthcare organizations, and legal agencies. The usage of these solutions has been helping these firms to securely store and transfer legal and private documents to their clients and partners.

The finance segment held a leading market share of approximately 40.01% in 2019. This is attributable to the enormous adoption of VDR tools across several businesses' finance domains for several financial related applications. The platform helps these businesses in exchanging confidential documents during mergers and acquisitions, equity sell/ purchase, managing Non-performing Loans (NPL), and bankruptcy and restructuring, among others.

The banking, financial services, and insurance (BFSI) segment accounted for a market share of over 20.01% in 2019. This is attributable to a rapidly rising adoption of virtual data room platform across various investment banking firms and other financial organizations. 

Corporate offices have been observed a massive demand for VDR solutions due to building a safe repository of their confidential documents and information. The VDR platform provides a centralized board portal that supports higher authorities in the organizations to share meeting agenda, documents, and other files securely from anywhere on a real-time basis. Moreover, the adoption of virtual data room solutions across real-estate vertical is estimated to grow at a notable CAGR, i.e., 13.9% from 2020 to 2027. The high growth is attributed to the swift surge in demand for VDR tools for applications such as portfolio management, raising capital, branding, and divesting assets, among others.

North America accounted for a revenue share of exceeding 35.01% in 2019. The significant share is attributed to the significant investments made by the key market players, including Datasite; EthosData; Citrix Systems, Inc.; and Intralinks Holdings, Inc. The presence of the massive number of large enterprises and legal and government agencies raised the regional demand. Additionally, rapidly increasing cybersecurity threats across enterprises in the region are expected to push market growth.

Key Players

  • iDeals Solutions Group

  • DealRoom Inc.

  • Intralinks Holdings, Inc.

  • SecureDocs, Inc.

  • Datasite (Formally known as Merrill Corp.)

  • FirmRoom

  • Imprima

  • FORDATA sp. z o.o.

  • Citrix Systems, Inc.

  • CapLinked 

  • EthosData 

  • Ansarada Pty Ltd.

  • Firmex Inc

  • Brainloop AG

  • Onehub Inc.

  • ShareVault (Pandesa Corporation)

  • SmartRoom (BMC Group)

  • Multipartner S.p.A.

  • Uniscon GmbH 

  • Aversure AB

  • Ruby Datum

Market Segmentation

  • Component Outlook 

    • Solution

      • AI-Powered

      • Non-AI-Powered

    • Services

      • Consulting

      • Implementation & Integration

      • Training and Support & Maintenance

  • Deployment Type Outlook

    • Cloud-based

    • On-premise

  • Enterprise Size Outlook 

    • Large Enterprises

    • SMEs

  • Business Function Outlook 

    • Marketing and Sales

    • Legal and Compliance

    • Finance

    • Workforce Management

  • Vertical Outlook 

    • BFSI

    • Corporates

    • Healthcare & Life Sciences

    • Government & Legal and Compliance Agencies

    • Real Estate

    • Industrial

    • Energy & Utility

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa (MEA)

The Virtual Data Room market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Virtual Data Room market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Virtual Data Room market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Virtual Data Room market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Virtual Data Room market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Virtual Data Room capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Virtual Data Room by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Virtual Data Room market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Virtual Data Room market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Virtual Data Room market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Virtual Data Room industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Virtual Data Room market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Virtual Data Room market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Virtual Data Room market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Virtual Data Room market. These factors have benefited the growth of the global market for Virtual Data Room. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Virtual Data Room. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Virtual Data Room are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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