Global Virtual Data Room Market to be Driven by Rising Adoption of Digital Services Across Industry Verticals in the Forecast Period of 2021–2026
By: Sofia Williams
Tags: Market Analysis, Market Research Reports, Market, Market Analysis Report, Virtual Data Room Market

Global Virtual Data Room Market to be Driven by Rising Adoption of Digital Services Across Industry Verticals in the Forecast Period of 2021–2026 Sofia Williams Dec 31, 2021·4 min read

The new report by Expert Market Research titled, ‘Global Virtual Data Room Market Report and Forecast 2021–2026’, gives an in-depth analysis of the global virtual data room market, assessing the market based on its segments like type, organisation size, business function, end user industry, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016–2026)

Historical Market Size (2020): USD 691.48 Million

Forecast CAGR (2021–2026): 15.11%

Forecast Market Size (2026): USD 1,608.73 Million

The global market for virtual data room is primarily being driven by the rising dependency on digital methods to streamline business operations. Virtual data rooms are highly secure store houses for critical and sensitive business information which is a key driving factor of these services. In addition to this, the virtual data rooms further allow users to access data with the speed of a click, ensuring fast operations. Furthermore, the online database allows admins to monitor access to the data room, thus ensuring confidentiality by using authentication services like passwords or biometric systems driven by incorporation of Artificial Intelligence (AI) into virtual data rooms.

Industry Definition and Segmentation

Virtual data rooms are innovative, online software intended for the secure sharing and storage of documents during various operations. A VDR allows multiple parties to share and encrypted web connection.

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On the basis of type, the market can be divided into

Software

Services

Based on organisation size, the market can be divided into:

Small and Medium Scale Organisations

Large Organisations

The market, based on business function, can be categorised into:

Legal and Compliance

Financial Management

Intellectual Property Management

Sales and Marketing

Others

On the basis of end-user industry, the market can be bifurcated into:

BFSI

IT and Telecommunication

Healthcare

Government and Legal Services

Others

The regional markets for the product include:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Market Trends

The growth in the global market for virtual data room can be attributed to the deployment of advanced services by small and medium scale enterprises. Online data rooms are designed to store and manage information with enhanced security. In addition to this, a virtual data room significantly aids in cutting costs related to stapling, printing, copying, and storing, as a result of which, the staff can employ their time into business operations and boost productivity. Moreover, rapid digitisation and the emergence of new business models are promoting M&A activities leading to an invigorated demand for secure, on-demand, and cost-effective medium for data transmission and storage, thereby furthering the market growth of virtual data rooms.

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Key Market Players

The major players in the market are Vault Rooms, Inc., Pandesa Corporation, Drooms GmbH, Citrix Systems, Inc., EthosData, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

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Contact Person: Sofia Williams, Corporate Sales Specialist — U.S.A.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.