Virtual Data Room Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Offering (Software, Services), By Enterprise Size (Small, Medium, Large), By End-User Industry (BFSI, Retail, Government, Healthcare, Communication And Technology, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Nov 2021 Report Code: KSI061611801 Pages: 114

The virtual data room market is projected to grow at a CAGR of 6.78% to reach US$3,642.054 million by 2026, from US$2,300.750 million in 2019.

Virtual Data Room refers to the online storeroom for data and information that is used by enterprises and companies to share and store confidential and critical corporate data and find its major application during mergers and acquisitions. The use of virtual data room solutions in private equity, clinical studies, fundraising, organizational restructuring, due diligence, and bankruptcy is driving the adoption of these solutions in enterprises and companies leading to its market growth.

The rising need for intellectual property and risk management and the increasing volumes of business data owing to the complexities in acquisitions and mergers are driving the growth of the virtual data room market in the forecast period. The need to close deals at a faster rate and to accelerate due diligence through a simplified process of file distribution, tracking and sharing is anticipated to fuel the market growth of virtual data room during the forecast period. Also, the prefoliation of technology in businesses is further boosting the market growth of virtual data rooms. The increasing adoption of virtual data rooms accounting for the increasing traffic in the prime data management organizations including data centers that are not designed to carry out secure transactions is driving the adoption of virtual data rooms. The authorized user access coupled with high security and cheap and faster solution is further boosting the market growth of virtual data rooms in the forecast period. Also, the adoption of new and advanced technologies to manage volumes of data by enterprises is leading to the increasing demand for virtual data rooms in the forecast period.

Market Segmentation Share

By enterprise size, biometrics as a service is segmented into large, small, and medium enterprises. The large enterprise is expected to show prominent growth owing to the high scale adoption and demand of virtual data room solutions in larger enterprises to securely store and deliver legal and private data or information to partners and clients. By offering, the virtual data room market is segmented into software and services among which the software segment is expected to show prominent growth owing to the demand for virtual data room software across various applications such as financial audits, mergers, and acquisitions, fundraising/IPOs.

By end-user, the virtual data room market is segmented into BFSI, retail, government, healthcare, communication and technology, and others. The BFSI segment is anticipated to show promising growth owing to the surging adoption of virtual data room solutions to minimize the danger of cyber attacks and provide security to the tip of consumers. Furthermore, the communication and technology segment is expected to show growth owing to the innovative and unique features of delivering and storing data or information to end-users for better decision-making capability.

virtual data room market

Geographically, the North American region is expected to show prominent growth in the virtual data room market owing to the increasing deployment of virtual data room solutions in countries such as the US and Canada for the utilization of customer data to remain competitive in the market. The integration and developments in new and existing virtual data rooms owing to the rise in customer data through various data sources to cater to the customer need. The Asia Pacific region is anticipated to grow at a faster pace in the virtual data room market during the forecast period.

virtual data room market

Growth Factors

  • Availability of a good number of vendors offering virtual data room solutions

One of the major reasons for the growth of virtual data rooms is the availability of a good number of vendors offering virtual data room solutions. The adoption of these solutions at affordable prices is further boosting the number of vendors offering virtual data room solutions. Also, the rising number of acquisitions and mergers as a part of the growth of the enterprise and complex and long procedures related to them is fueling the demand for virtual data room solutions which in turn is increasing the number of vendors offering them.

Restraints

  • The cost associated with the adoption of virtual data room solutions

A major restraint in the growth of the virtual data room market is the cost associated with the adoption of virtual data room solutions. Small enterprises with relatively smaller budgets find it difficult to adopt virtual data room solutions in their enterprise which hinders the market growth of virtual data rooms.  

Impact of COVID-19 on the Virtual Data Room Market

The COVID-19 impact virtual data room market has been negative owing to the drop in acquisition and merger activities during the course of the pandemic due to which the adoption of virtual data room solutions was limited. The pandemic has led to industries seeing a downfall in sales and demand of their products leading to business losses which have contributed to fewer growth aspects during the course of the pandemic. Mergers and acquisition activities took a brief halt with companies and enterprises forced to shut their workplaces to curb the spread of the deadly virus. This has accounted for the less adoption of virtual data room solutions during the pandemic. Also, the tight budget constraints during the pandemic have led to the less adoption of these solutions.

Competitive Insights

The market leaders for the virtual data room market are Citrix, Intralinks, iDeals Solutions Group, Firmex Inc., Datasite, Drooms, EthosData, SecureDocs, Brainloop, and Box.

Virtual Data Room Market Scope:

Report Metric Details
 Market size value in 2019  US$2,300.750 million
 Market size value in 2026  US$3,642.054 million
 Growth Rate  CAGR of 6.78% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Offering, Enterprise Size, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Citrix, Intralinks, iDeals Solutions Group, Firmex Inc., Datasite, Drooms, EthosData, SecureDocs, Brainloop, Box
 Customization scope  Free report customization with purchase

 

Segmentation

The virtual data room market is segmented by business offering, enterprise size, end-user industry, and geography.

  • By Offering
    • Software
    • Services
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By End-User Industry
    • BFSI
    • Retail
    • Government
    • Healthcare
    • Communication and Technology
    • Others
  •  By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global virtual data room market?
A1. Virtual Data Room Market was valued at US$2,300.750 million in 2019.


Q2. What will be the virtual data room market size by 2026?
A2. The virtual data room market is projected to reach a market size of US$3,642.054 million by 2026.


Q3. What are the growth prospects for the virtual data room market?
A3. The global data room market is projected to grow at a CAGR of 6.78% over the forecast period.


Q4. Which region holds the largest market share in the virtual data room market?
A4. Geographically, the North American region is expected to show prominent growth in the virtual data room market owing to the increasing deployment of virtual data room solutions.


Q5. What factors are anticipated to drive virtual data room market growth?
A5. One of the major reasons for the growth of virtual data rooms is the availability of a good number of vendors offering virtual data room solutions.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Function
4.4. Function Value Chain Analysis

5. Virtual Data Room Market by Offering
5.1. Introduction
5.2. Software
5.3. Services

6. Virtual Data Room Market by Enterprise Size
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Large

7. Virtual Data Room Market by End-User Industry
7.1. Introduction
7.2. BFSI 
7.3. Retail
7.4. Government
7.5. Healthcare
7.6. Communication and Technology
7.7. Others

8. Virtual Data Room Market, By Geography  
8.1. Introduction
8.2. North America  
8.2.1.  United States
8.2.2.  Canada
8.2.3.  Mexico
8.3. South America  
8.3.1.  Brazil
8.3.2.  Argentina
8.3.3.  Others
8.4. Europe  
8.4.1.   Germany
8.4.2.   France
8.4.3.   UK
8.4.4.   Italy
8.4.5.  Others
8.5. Middle East and Africa  
8.5.1.   Saudi Arabia
8.5.2.   UAE
8.5.3.   Israel
8.5.4.   Others
8.6. Asia Pacific  
8.6.1.  China
8.6.2.  Japan
8.6.3.  India
8.6.4.  Australia
8.6.5.  Taiwan
8.6.6.  Thailand
8.6.7.  Indonesia
8.6.8.  Others

9.  Competitive Environment and Analysis
9.1.  Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix

10.  Company Profiles.
10.1. Citrix
10.2. Intralinks
10.3. iDeals Solutions Group
10.4. Firmex Inc.
10.5. Datasite
10.6. Drooms
10.7. EthosData
10.8. SecureDocs
10.9. Brainloop
10.10. Box

Citrix

Intralinks

iDeals Solutions Group

Firmex Inc.

Datasite

Drooms

EthosData

SecureDocs

Brainloop

Box

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