Global Virtual Data Room Software Market Overview:
Virtual Data Room is an online secure data repositories which are used for storing and distributing data. These rooms are used when there is a need for strict confidentiality of data among any organization. Moreover, it has more advantages than a physical data room such as 24/7 data accessibility from any device & any location, security of data management, and cost-effectiveness. VDR is used in many industries such as Biotech, IT and Telecommunications as well as others. Apart from this vital role helps in securely managing M&A due diligence, bidding, and Contract Negotiations. As per the research performed by Intralinks, it is seen that 90% of the VDR users trust that quality solution plays an important role in the success of M&A Deal. Thus with rising benefits from these rooms to an organization and as well as government bodies is driving the demand. Some of the key players profiled in the study are Citrix (United States), Intralinks (United States), iDeals Solutions (United States), Firmex (Canada), Merrill (United States), Drooms (Germany), EthosData (United Kingdom), SecureDocs (United States) and Brainloop (Germany).
On the basis of geography, the market of Virtual Data Room Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Virtual Data Room Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Virtual Data Room Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Virtual Data Room Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Function, the sub-segment i.e. Marketing and sales will boost the Virtual Data Room Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Volumes of Business Data Due to Complexities Arising From Mergers and Acquisitions Activities
- Adoption in Large Enterprises Along with Small and Medium-Sized Enterprises as it Becomes an Important tool in Many Businesses
- Increasing Adoption of the Cloud and Increasing Amount of Business Data Arising from Business Deals
- Cyber Security Issues Related to VDR is Restraining the Market
- High Cost Associated With These VDR
- Growing Adoption of these VDR by Small and Medium-Sized Enterprises
- The Growing Demand for Risk Management, need for the Intellectual Property is Cumulating the Market Demand
- Data Privacy and Data Integration Issues
In August 2018, Intralinks entered into a relationship with Capco, a leading management and technology consultancy dedicated to the financial services industry. The relationship may assist a strategic platform that could be used to help Capco for thousands of users across its business to collaborate securely with an easy-to-manage centralized administration.
The global market of the Virtual Data Room market is fragmented as it consists of several major players. Few of the players are expanding their existing businesses across the emerging economies, with innovation in the cloud and storage technology. Apart from this, government initiatives are also making market fragmented such as North America occupied the largest share of the virtual data room market, due to the increasing adoption of virtual data room services by various governments and businesses in developed economies, such as Canada and the United States, which are emphasizing innovation in these existing solutions.
Target Audience:Service providers and distributors, Virtual data room software builders, Independent Software Vendors (ISVs), Enterprises and End-users
Major Objectives Focused through this Study To define, describe, and forecast the Global Virtual Data Room Software market on the basis of product [Software and Service (Managed Services, Professional Services, Consulting Services, Support and maintenance services)] , application [Mergers and Acquisitions, Analyzing Joint ventures and IP Licensing], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Virtual Data Room Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Virtual Data Room Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Ansarada (Australia), SmartRoom (United States) and CapLinked (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Virtual Data Room Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.