Virtual Data Room (VDR) Market Insights Latest Trend Analysis, Future Growth, SWOT Analysis, Market Growth, Revenue, Service, Forecast to 2028

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According to our latest market study on “Virtual Data Room Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Deployment, Organization Size, Business Function, End User, and Geography,” the market is expected to grow from US$ 1,481.8 million in 2021 and is projected to reach US$ 3,596.3 million by 2028; it is expected to grow at a CAGR of 13.50% from 2021 to 2028.

Currently, fossil fuels are being exploited at an accelerating rate, owing to increasing energy consumption every year. Continuous introduction of technologically advanced products such as electric cars, solar panels, or bioenergy facilities slows down the depletion of energy sources. However, prominent research and technology organizations across the world are exploring new and better energy solutions. Thus, the renewable energy industry has established itself as one of the most vital industries with increasingly positive growth prospects. Similar to major projects across multiple industries, storing the documentation connected to renewable energy becomes crucial for information and data-sharing with significant third parties and people within the organization. A virtual data room provides an efficient and secure platform for all major decision-makers and stakeholders within an organization to make well-informed decisions in a timely and effective manner. These data rooms provide top-of-the-line security features, optimized due diligence process, efficient cooperation process of teams, and integration of multiple third-party tools. Therefore, the efficiency and optimization provided by VDR to momentous renewable energy industry players create ample growth opportunities for the market.

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Based on component, the virtual data room market is bifurcated into solutions and service. In 2020, the solutions segment led the market, accounting for a larger market share. By organization size, the virtual data room market is bifurcated into SMEs and large enterprises. In 2020, the large enterprises segment accounted for a larger market share. Based on business function, the virtual data room market is segmented into merger & acquisition, finance, marketing and sales, compliance and legal, workforce management, and others. In 2020, the Merger & Acquisition segment accounted for the largest market share. Based on end user, the market is segmented into BFSI, IT and telecommunication, healthcare, energy & power, retail, and others. In 2020, the others segment accounted for the largest share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for a significant share in the global market.

Impact of COVID-19 Pandemic on North America Virtual Data Room Market

As the majority of stakeholders and key players have shifted toward remote work since the onset of the COVID-19 pandemic, the increasing adoption of creative, collaborative, and accessible tools, technologies, and techniques has become more critical as buyers, sellers, providers of M&A financing, and the respective legal and financial advisors are adapting their operations with the evolving environment. Despite the plummeting global M&A activities in 2020 as a result of COVID-19, the transaction volume regained momentum in the first half of 2021. Although M&A levels in the US fell by more than 50% in Q1 2020 to US$ 253 billion compared to 2019, most of those transactions were entered into or closed earlier in the quarter before the crisis spread worldwide. However, the M&A deal values and deal volumes recovered strongly in the first half of 2021 as the deal values rose 136% higher and deal volumes increased 32% compared to the same period in 2020. Notably, the pandemic has resulted in the widespread adoption of virtual data handling for effective remote operations.

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This creates a more accelerated demand for tools and solutions, such as virtual data rooms to provide an efficient platform for securely collaborating and accessing valuable data. Therefore, after the initial negative impact of the COVID-19 pandemic on the global virtual data room market, it is recovering at an accelerating rate due to the rise in the adoption of virtual platforms for data sharing and access and the ongoing adoption of remote work.

The List of Companies – Virtual Data Room Market

Ansarada Group Limited.; BMC Group, Inc.; Brainloop AG; CapLinked; EthosData; iDeals Solutions Group; Intralinks, Inc.; Telestax, Inc.; Datasite; Thomson Reuters Corporation; and Donnelley Financial Solutions, Inc. are among the major companies operating in the virtual data room market.

The global virtual data room market has been segmented as mentioned below:

By Component

  • Software
  • Services
  • By Deployment
  • On-Premises
  • Cloud

By Organization Size

  • SMEs
  • Large Enterprises

By Business Functions

  • Merger & Acquisition
  • Finance
  • Marketing and Sales
  • Compliance and Legal
  • Workforce Management
  • Others

By End Users

  • BFSI
  • IT and telecommunication
  • Healthcare
  • Energy & Power
  • Retail
  • Others

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