A virtual data room (VDR) is an online repository of sensitive and confidential organizational data and documents. It is a centralized information storage facility used for storing and sharing information securely during mergers and acquisitions, asset management, auditing, fundraising, bankruptcy and organizational restructuring. It is usually deployed on-premises or on the cloud. In comparison to the traditionally used physical data rooms, VDRs enable multiple potential bidders, are more cost-effective, secured and reliable. As a result, they find extensive applications across various industries, including banking, financial services and insurance (BFSI), retail, telecommunication and information technology (IT).Request for a free sample copy of this report: https://www.imarcgroup.com/virtual-data-room-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global virtual data room is primarily driven by the increasing utilization of cloud computing solutions for managing organizational data. Small and medium-sized enterprises are increasingly using cloud-based VDR solutions for exchanging confidential documents and information among businesses and legal agencies. These solutions also offer enhanced scalability, adaptability, and convenient deployment. Moreover, the widespread adoption of VDRs for storing information related to biomedical trials, medical equipment and patient information is contributing to the growth of the market. Other factors, including the emergence of blockchain technology for enhancing VDR security, along with significant growth in the IT infrastructure, are favoring the market growth.
Breakup by Component:
Solution
Services
Breakup by Deployment Type:
Cloud-based
On-premises
Breakup by Enterprise Size:
Large Enterprises
Small and Medium Enterprises
Breakup by Business Function:
Marketing and Sales
Legal
Finance
Workforce Management
Breakup by Vertical:
BFSI
Retail and E-Commerce
Government
Healthcare and Life Sciences
IT and Telecommunications
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Ansarada Pty Ltd.
Brainloop AG (Diligent Corporation)
CapLinked
Citrix Systems Inc.
Datasite Global Corporation
DealRoom Inc.
EthosData
Firmex Inc
FORDATA sp. z o.o.
iDeals Solutions Group
Intralinks Holdings Inc. (SS&C Technologies)
SecureDocs Inc.
ShareVault (Pandesa Corporation),
SmartRoom (BMC Group).
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