Market Research

Virtual Data Room (VDR) Market Technology Enhancements with $3.66 Billion of Revenue Growth by 2027 – EthosData, Firmex, iDeals Solutions Group, Intralinks

Jun 10, 2020 12:53 AM ET
iCrowd Newswire – Jun 10, 2020

Global virtual data room (VDR) market accounted to US$ 1.08 Bn in 2018 and is expected to grow at a CAGR of 14.5% during the forecast period 2019 – 2027, to account to US$ 3.66 Bn by 2027.

VDR users often bemoan about the time needed to display on-screen the critical documents stored in a VDR. In this spirit, a VDR is often considered inferior to a PDR. It has been perceived that the average display speed for pages displayed online in a VDR is approximately between two and five seconds, and in some cases, higher. In a PDR, where one has to turn pages physically, the comparable display speed is less than half a second. Online data display speed is dependent on server performance and may vary depending on the distance of the user from the server. However, the physical review of documents is much faster than an online review. To bring a VDR server closer to its users or relying on edge computing, the display of pages in a VDR can be quickly addressed. Thus, increasing the general display function of a VDR offer an infinite opportunity for the virtual data room market.

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M&A activities, whether auction processes, acquisitions, or mergers, are employing technology to enhance the success rate of deals and increase productivity. A virtual data room (VDR) has arisen as a due diligence tool that is technology-based and whose intention is to promote the use and access of a data room in M&A activities/transactions. For all the M&A activity, due diligence is obligatory. Due diligence helps in assisting an acquiring company in determining their assessment of the target company’s risk, potential target combination benefit, and strategic fit. In assisting the buyer to answer the pointers as mentioned earlier, information related to a target company is made available in a data room during the due diligence stage of a transaction. Thus, the data room is an integral part of the due diligence process. Hence, the advancements in technology supporting the adoption of VDR platform for due diligence. During the forecast period of 2019 to 2027, this increased adoption is expected to fuel the growth of global virtual data room market.

Virtual data room market is led by the North American region in 2018. North American region is said to be home to more than 40% of the global IT market, in particular the US. The IT industry accounts for approximately US$ 1.8 Trillion of US value-added GDP. The software and IT companies in the US have a high reputation of producing effective as well as reliable solutions. The Silicon Valley in California is home to almost 39 technology giants from the Fortune 1000 and more than 27,000 technology-based start-up companies. The U.S, Canada, and Mexico pact, post the announcement of CCPA updated their agreement by including the data protection measures. Further, major economies of Asia Pacific are aggressively pursuing for digital applications such as adoption of strong government regulations to overcome from the growing data breach activities. Thus, the Asia Pacific is the fastest growing region in the virtual data room market.

Strategic Insights

Market Initiatives was observed as the most adopted strategy in global virtual data room market. Few of the recent market initiatives are listed below;

2019: Firmex announced that VERTU capital has partnered with BDC Capital and the Firmex executive management team to acquire Firmex.

2018: Intralinks has presented a new user interface for their alternative investments portal which facilitates General Partners to more systematically and rapidly manage the fundraising, investor, and reporting communications to their clients.

2017: Storj Labs, a decentralized cloud storage service has partner with CapLinked to host confidential business transactions and documents by using blockchain. CapLinked users has established sharing data, virtual data rooms, and are working on multi-company projects to select the option for storing their files in decentralized platform of Storj’s.

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Keywords:    Virtual Data Room (VDR) Market, Virtual Data Room (VDR) , Virtual Data Room (VDR) Market 2020, Virtual Data Room (VDR) Market 2027