Virtual Data Rooms Market

Introduction

Virtual data room is a centralized information storage and sharing platform that can be deployed on-premise or on the cloud. This platform is used by organizations around the world to store and share critical information with customers, external entities, and partners in a robust and secure environment. This online repository can be easily accessed over a secure network at any location. Advisors/bidders widely use virtual data rooms for financial transactions, due diligence for mergers & acquisitions, fundraising, IPO, strategic partnerships, audits, IP management, board communications, and secure document sharing.

Rising demand for efficient data repositories to drive virtual data rooms market growth

The increasing demand for easy & secure methods for the storage of critical data and the increasing need for transparent & efficient data sharing options are among major factors driving the virtual data rooms market. However, lack of skills & knowledge and threat of security breach are some of the major challenges that hamper the growth of the virtual data rooms market.

Global virtual data rooms market is categorized on the basis of components, enterprise type, deployment, end users, and region

On the basis of components, the virtual data rooms market is segmented into software and services. The revenue contribution in the virtual data rooms market from the software segment is expected to increase at a CAGR of 12.8% during the forecast period. The services segment is expected to register a CAGR of 11.0% during the forecast period.

On the basis of enterprise type, the virtual data rooms market is segmented into large enterprises and small & medium enterprises. Revenue contribution in the virtual data rooms market from the large enterprises segment is expected to increase at a CAGR of 11.9% during the forecast period.

On the basis of deployment, the global virtual data rooms market is segmented into cloud and on-premise. Revenue contribution in the virtual data rooms market from the cloud segment is expected to increase at a CAGR of 12.2% during the forecast period.

On the basis of end-user, the global virtual data rooms market is segmented into BFSI, law firms, real-estate companies, healthcare & life science, mining & energy, management consultants, ITES and others. Revenue contribution in the virtual data rooms market from the BFSI segment is expected to increase at a CAGR of 11.4% during the forecast period.

North America and Europe are expected to maintain key positions in the virtual data rooms market in the coming years

Among the key regional markets, SEA and others of APAC is projected to exhibit relatively higher growth in the global virtual data rooms market, with a CAGR of over 16.7% during the forecast period. Revenue from the virtual data rooms market in North America and Europe is expected to collectively account for over 50% of the global virtual data rooms market revenue in 2018.

Key competitors in the virtual data rooms market are iDeals Solutions Group S.A.; IntraLinks Holdings, Inc.; Donnelley Financial Solutions, Inc.; Ansarada Pty Limited; Brainloop AG; Firmex Inc.; Box, Inc.; Merrill Corporation; CapLinked, Inc.; and BMC Group, Inc.

Key Segments Covered