Global Virtual Data Room Market Report and Forecast 2024-2032

Global Virtual Data Room Market Outlook

The global virtual data room market attained a value of about USD 1054.67 million in 2023. The market is further expected to grow at a CAGR of 15.11% during the forecast period of 2024-2032 to reach nearly USD 3742.5 million by 2032.

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Large-Scale Data Storage Features are Bolstering the Market Growth of Virtual Data Room

The growth in the global market for virtual data room can be determined by the rising cases of security breach in physical handling of critical documentations. The heightened demand for virtual data room for highly secured solutions for the exchange of confidential documents and information among businesses is driving the market growth of virtual data rooms. Furthermore, the online database allows admins to monitor access to the data room, thus ensuring confidentiality. In addition to this, the virtual data room further allows users to access data with the speed of a click, ensuring fast operations.

Features of a virtual data room like Q&A sections, notes and bookmarks, and multiple-factor authentication solutions are significantly contributing to the market growth. Moreover, rapid digitisation and the emergence of new business models are promoting M&A activities leading to an invigorated demand for secure, on-demand, and cost-effective medium for data transmission and storage, thereby furthering the market growth of virtual data rooms.

Virtual Data Room: Market Segmentation

Virtual data rooms are innovative, online software intended for the secure sharing and storage of documents during various operations. A VDR allows multiple parties to share an encrypted web connection.

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On the basis of type, the market can be divided into:

• Software
• Services

Based on organisation size, the market can be divided into:

• Small and Medium Scale Organisations
• Large Organisations

The market, based on business function, can be categorised into:

• Legal and Compliance
• Financial Management
• Intellectual Property Management
• Sales and Marketing
• Others

On the basis of end-user industry, the market can be divided into:

• BFSI
• IT and Telecommunication
• Healthcare
• Government and Legal Services
• Others

The EMR report looks into the regional markets of virtual data room like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

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Small and Medium Enterprises to Augment the Market Growth of Virtual Data Room in the Forecast Period

The global market for virtual data room is projected to be driven by its deployment in small and medium scale enterprises around the world. The emergence of new start-up programmes aided by innovative product and service ideas funded by governments or investors are generating growth opportunities for the market growth of virtual data rooms in small organisations. A virtual data room significantly aids in cutting costs related to stapling, printing, copying, and storing, as a result of which, the staff can employ their time into business operations and boost productivity.

In addition, the biggest advantage of a virtual data room in a small-scale enterprise is the transparency offered by the software. With authorised access to company’s records, investors can make an informed decision based on business operations and applications of the invested money. Thus, these factors are contributing to the market growth of virtual data rooms in small and medium enterprises.

Key Industry Players in the Global Virtual Data Room Market

The report presents a detailed analysis of the following key players in the global virtual data room market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

• Vault Rooms, Inc.
• Pandesa Corporation
• Drooms GmbH
• Citrix Systems, Inc.
• EthosData.
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report