Virtual Data Room Market Scope
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.
The Virtual Data Room market study is segmented and major geographies with country level break-up. According to AMA, the Global Virtual Data Room market is expected to see growth rate of 15.2% and may see market size of USD1610.0 Million by 2026.
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Virtual Data Room market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are CapLinked (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Virtual Data Room market by Type, Application and Region.
On the basis of geography, the market of Virtual Data Room 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). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
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.
- High Adoption due to Stringent Data Privacy Regulations
- Growing Requirement for Intellectual Property as well as Risk Management
- Upsurging Demand Due to Increasing Data Volume
- Growing Demand For Easily & Securely Data Storage Method
- High demand for Easy Data Sharing and Cost-effective Data Storage Solutions
- Huge Demand By the Small and Medium-Sized Enterprises
- Introduction of Blockchain-Based Technologies to Enhance VDR Security across The IT Ecosystem
- Lack of Skills & Knowledge
- Fueling Challenges Related to Data Privacy and Data Integration
Key Target AudienceService Providers and Distributors, Virtual Data Room Software Builders, Independent Software Vendors (ISVs), Enterprises, End-users and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase