Market Research

$3.63 billion Worldwide Virtual Data Room Market to 2026 – Impact of COVID-19 on the Market

Aug 11, 2020 1:54 PM ET

iCrowd Newswire – Aug 11, 2020

The Virtual Data Room Market is poised to end 2026 with a landmark achievement, touching a gross market size of $3.63 billion. To add to the potential market outlook, the global virtual data room industry is projected to record a CAGR of ~14% during the forecast period 2019-2026.

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Virtual data rooms are online repository and is witnessing a huge demand due to increasing demand for store and transact the high volume of data in secure way specially in cases of merger and acquisition. Whereas, issues related to data security is hampering the market growth in the future period. On the other hand, rising adoption of virtual data room in small and medium enterprises will offer lucrative opportunities for the market players operating in the global virtual data room industry.

Segmentation Overview of the Global Virtual Data Room Market

The global virtual data room market is categorized on the basis of industry vertical, business function, organization size, deployment model and component.

The solution component dominated the global marketplace with largest market share of ~3/4th of the market share in the year 2018 and anticipated to maintain the dominance over the forecast period. While, the service component is projected to grow at a CAGR of ~16% during 2019-2026.

The on-premise deployment segment dominated the marketplace with ~3/5th of the market share in the year 2018 and is anticipated to maintain the dominance over the forecast period. Whereas, the cloud deployment segment is estimated to show the growth at a CAGR of ~15% during the forecast period 2019-2026.

These major market segments are further categorized into various sub-segments to study the market in detail.

The Industry Vertical Segment of the Global Virtual Data Room Market is Sub-Segmented into:

  • BFSI
  • Retail and E-commerce
  • Construction
  • IT and Telecom
  • Healthcare
  • Government
  • Others

The Business Function Segment of the Global Virtual Data Room Market is Sub-Segmented into:

  • Workforce Management
  • Finance
  • Legal
  • Marketing & Sales

The Organization Size Segment of the Global Virtual Data Room Market is Sub-Segmented into:

  • Large Enterprises
  • Small & Medium Enterprises

The Deployment Model Segment of the Global Virtual Data Room Market is Sub-Segmented into:

  • On-premise
  • Cloud

The Component Segment of the Global Virtual Data Room Market is Sub-Segmented into:

  • Solution
  • Services

Regional Overview of the Global Virtual Data Room Market

The North America virtual data room market dominated the global marketplace with majority of the market share i.e. ~2/5th of total market share in the year 2018 and is anticipated to maintain the dominance over the forecast period. However, the Asia-Pacific virtual data room market is anticipated to grow at a CAGR of ~16% during 2019 to 2026.

Key Players Insights of the Global Virtual Data Room Market

Vault Rooms Inc., ShareVault, Merrill Corporation Ltd., Intralinks Holdings Inc., Firmex Corporation, Ethos data, Drooms GmbH, Citrix Systems Inc., Caplinked Inc. and Brainloop AG are some major players included in the research study of the global virtual data room market. The market players are adopting various competitive strategies to acquire majority of the market share in the global marketplace.

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Keywords:    Virtual Data Room Market