A virtual data room (VDR), also known as deal room is an online database or cloud storage used by organizations to store and transfer data virtually. The use of virtual data room services are increasing globally due to the rising demand and adoption of remote accessibility for data. The virtual data room or virtual deal rooms works on a concept where data is stored on a virtual database. Only authorized users are allowed to access the virtual data room information, which is stored electronically on the server. Most organizations store data on virtual data rooms across different domains such as marketing and sales, legal, finance, and workforce management. Mainly finance departments generate and transfer large volume of data due to which companies prefer virtual data rooms for storing the data. The telecom and IT sector is also expected to creating huge volume of data, due to the rise in demand and adoption of mobile phones, laptops, and wearable devices.

The virtual data room has replaced traditional physical data room services; further they help in reducing the cost and increasing efficiency and security. The virtual data room enables authorized organizations to view information related to their business operations in a controlled environment, helping organizations to supervise physical data rooms in a secure premises with controlled access. In traditional physical data rooms, only one person can access the data room; however, virtual data rooms overcome the drawbacks of physical data rooms and provide other features such as controlling, viewing, copying, and printing. The major growth driver for the virtual data rooms (VDR) market is increase in the number of organizations, and volume of increase in data and cloud services. Furthermore, the growing demand for risk management, need for intellectual property, and adoption of cloud based technologies by large, medium, and small enterprises are also growth drivers. In a growing competitive market, organizations are under pressure to serve their existing customers better; therefore, the virtual data rooms market is projected to help organizations to store huge amount of data, maintaining variability of data. In addition, it allows access to data with higher velocity, and helps organizations to strengthen and serve their customers in a better manner. However, with the increasing use of virtual data rooms, data breach is the major restraining factor for the growth of the virtual deal rooms market. In addition, cyber security, and increasing volume of data due to mergers and acquisitions and data integration are also need to be enhanced for the adoption of virtual data room solutions world-wide which is expected to limit the adoption of virtual data rooms over the short-term period.

The virtual deal rooms (virtual data rooms) (VDR) market can be segmented in terms of component enterprise size, industry, and region. On the basis of component, the virtual data rooms (VDR) market can be bifurcated into software and services. Among these segments, the software segment can be sub-segmented into on-premise and cloud, whereas services can be sub-segmented into consulting, and support and maintenance. Based on enterprise size, the virtual data rooms market can be segmented into small, medium, and large enterprises. In terms of industry, the market can be segregated into BFSI, retail, telecommunications and IT, aerospace and defense, healthcare, and others (media and entertainment, e-commerce, travel and hospitality). Based on region, the global virtual data rooms market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.

North America and South America markets are expected to see rise in adoption of virtual data rooms or virtual deal rooms due to their growth in fund raising, and increasing number of mergers and acquisitions and joint ventures. Asia Pacific region is expected to offer a strong potential for the VDR or deal rooms market due to increasing disposable income, changing economies, rapid urbanization, and increasing demand for electronics products.

Some of the key players operating in the virtual data rooms market are Ansarada Pty Limited, Drooms, Citrix Systems, Inc, SecureDocs, Inc., EthosData, Intralinks, Inc., iDeals Solutions Group, Brainloop AG, Firmex Inc., BMC Group, Inc. and Merrill Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Virtual Data Rooms Market

Pre Book