What is the global market size of Virtual Data Room Market?

Virtual Data Room Market size was valued at USD 1.6 billion in 2021 and is poised to grow from USD 1.83 billion in 2022 to USD 6.2 billion by 2030, growing at a CAGR of 14.5% in the forecast period (2023-2030).

Global Virtual Data Room Market Size, Share, Growth Analysis, By Enterprise(Large, SME), By Deployment Mode(On Premises, Cloud), By Function(Marketing & Sales, Legal), By Industry(BFSI, Retail) - Industry Forecast 2024-2031

Report ID: SQMIG45J2071 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 123 | Figures: 77

Global Virtual Data Room Market News

In January 2022, AvePoint, the most advanced SaaS and data management platform provider, introduced Confide, a virtual data room designed to help businesses manage sensitive data needs and collaborate more confidently. Confide is the only virtual data room that is fully integrated with Microsoft 365 and hosted on the end-user cloud tenant, ensuring maximum security and efficiency during the initiation process.
In April 2022, Citrix Systems, Inc., one of the key players in virtual data room market, launched hybrid cloud and hyperscale-specific deployment options, making it easier than ever for businesses to set up the secure, high-performance workspaces that an increasingly flexible workforce requires.

Global Virtual Data Room Market Report Snapshots

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Virtual Data Room Market size was valued at USD 1.6 billion in 2019 and is poised to grow from USD 1.83 billion in 2023 to USD 6.2 billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).

Global virtual data room market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of market revenue. 'Brainloop AG ', 'CapLinked, Inc.', 'Citrix Systems, Inc.', 'Merrill Corporation', 'Datasite (formerly known as Merrill Datasite)', 'Intralinks Holdings, Inc. (a subsidiary of SS&C Technologies Holdings, Inc.)', 'Firmex Inc.', 'Donnelley Financial Solutions, Inc.', 'Box, Inc.', 'ShareVault (a product of Brainloop AG)', 'Onehub, Inc.', 'EthosData Limited', 'SecureDocs, Inc.', 'iDeals Solutions Group S.A.', 'HighQ Solutions Limited (a subsidiary of Thomson Reuters)', 'Ansarada Pty Ltd', 'DocSend, Inc.', 'Vitrium Systems Inc.', 'SmartRoom (a product of BMC Group)', 'Vault Rooms, Inc.'

Virtual data room market is booming, as businesses seek to improve efficiency and security

Growing need to securely store & transact massive volumes of data during mergers and acquisitions. The enhancement in capabilities such as access security, document security, and user interface of virtual data room has led to the development of powerful platforms on which merger & acquisition (M&A) can be managed effortlessly.

The global virtual data room market is expected to grow rapidly in the next few years. This is because the growth of the digital world has led to an increase in the use of virtual data rooms. North America has already taken the lead in this market, and this dominance is expected to continue in the future. North America dominates the global virtual data room market, owing to the presence of key players such as IBM, Oracle, Microsoft, and Symantec in this region. These companies have been able to adopt virtual data rooms as a key part of their business strategies. Other factors that are contributing to the growth of the global virtual data room market include the increasing adoption of cloud-based solutions and the growing need for collaboration among employees.

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Global Virtual Data Room Market Size, Share, Growth Analysis, By Enterprise(Large, SME), By Deployment Mode(On Premises, Cloud), By Function(Marketing & Sales, Legal), By Industry(BFSI, Retail) - Industry Forecast 2024-2031

Global Virtual Data Room Market News

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