Industry Background:
Rising Demand in large and small enterprise and Growing demand for efficient data repositories will help to boost the global virtual data room market. A virtual data room (VDR) is an online repository of information used for storing as well as the distribution of documents. It can be deployed on-premise or on the cloud. The key driver of the virtual data room is an advantage over physical data rooms. Also, VDRs emerged into online meeting rooms for everyone involved in an agreement.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Citrix (United States), Intralinks (United States), Firmex (Canada), iDeals Solutions (United States), Merrill (United States), Drooms (Germany), EthosData (United Kingdom), SecureDocs (United States), Brainloop (Germany), Ansarada (Australia) and SmartRoom (United States) |
According to AMA, the market for Virtual Data Room is expected to register a CAGR of 15.2% during the forecast period to 2027. This growth is primarily driven by Growing Demand For Easily & Securely Data Storage Method and High demand for Easy Data Sharing and Cost-effective Data Storage Solutions.
Globally, a noticeable market trend is evident High Adoption due to Stringent Data Privacy Regulations
The IT Consulting & Other Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Citrix (United States), Intralinks (United States), Firmex (Canada), iDeals Solutions (United States), Merrill (United States), Drooms (Germany), EthosData (United Kingdom), SecureDocs (United States), Brainloop (Germany), Ansarada (Australia) and SmartRoom (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global virtual data room market seems to be highly competitive. It consists of some major market players and they are trying to expand their business in the developing countries with various strategies such as with innovation in the cloud and storage technology. Moreover, the growing fundraising, rising number of mergers and acquisitions, and joint ventures with some of the prominent players have fueled the market across the region.
Key Developments in the Market:
On 4th October 2018, Drooms, leading VDR provider has started using blockchain technology for virtual data room (VDR). Drooms is using this modern technology to enhance the security of transaction data archives. Now it can be archived in Drooms NXG virtual data room with blockchain protection. As a result, the secured data cannot be lost, is non-manipulable and is accessible to all parties involved in a transaction at any time.
On 29th November 2018, SS&C Technologies Holdings, Inc. a global provider of financial services software and software-enabled services, has announced SS&C Intralinks a leading global virtual data room (VDR) provider, launched its new Data Room Insights Dashboard.
Influencing Trend:
High Adoption due to Stringent Data Privacy Regulations, Growing Requirement for Intellectual Property as well as Risk Management and Upsurging Demand Due to Increasing Data Volume
Market Growth Drivers:
Growing Demand For Easily & Securely Data Storage Method and High demand for Easy Data Sharing and Cost-effective Data Storage Solutions
Challenges:
Fueling Challenges Related to Data Privacy and Data Integration
Restraints:
Lack of Skills & Knowledge
Opportunities:
Huge Demand By the Small and Medium-Sized Enterprises and Introduction of Blockchain-Based Technologies to Enhance VDR Security across The IT Ecosystem
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Virtual Data Room Market
- Analysis about New Entrants in Virtual Data Room Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Virtual Data Room Study Sheds Light on
The Virtual Data Room Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Virtual Data Room industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Virtual Data Room industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.