Global virtual data rooms market is expected to grow at a CAGR of 15% during the forecast period (2023-2030). Prior to the advent of virtual data rooms, physical data rooms were used by the lawyers, deal makers and business professionals for sharing of critical business communication. The documents in the physical data rooms used physical format which were difficult to manage, review and in major merger and acquisition deals evaluating the documents took a large amount of time and was laborious, tedious to accomplish. In a virtual data rooms, documents are stored in an electronic format stored, on a central server that may be accessed in real time parallel by multiple parties. The VDRs offer the benefit of reduced time requirement, cost, improved efficiency and security, further the use of VDR may also help in greater evaluation of deals between the companies. 

The major drivers for global virtual data rooms market are rising business data volume due to complexity arising from mergers & acquisitions, regulating data privacy, increasing adoption of online document exchanges, and rise in demand for intellectual property & risk management. According to Institute for Mergers, Acquisitions and Alliances (IMAA), the total value of merger & acquisition deals is expected to account to around 40,000 transactions in the year. Through M&A deals, companies look forward to acquiring new technologies and scale production.

Global virtual data rooms market has been segmented on the basis of application, deployment type, organization size and vertical. Based on vertical, the report covers Banking, Financial Services, and Insurance, Biotech and Life Sciences, Energy, Government, Healthcare, Real Estate, Retail and E-commerce, Telecommunications and IT and Others. BFSI segment leads the vertical segment in terms of revenue in global virtual data rooms market with around 21% market share in 2020 and is projected to grow at a CAGR of 15% during the forecasted period 2023-2030. BSFI segment in global market is primarily driven by increasing banking and financial sector. Moreover, growing digitalization and adoption of virtual data rooms solutions and services to ensure security level during the financial transaction and sharing of confidential data. Acute Market Reports Analysis estimates, 85% of global banks are focusing on implementing new technologies under digital transformation program on priority by making investments on technology.

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Geographically, the global virtual data rooms market has been segmented into North America, Europe, Asia Pacific and Rest of the world (ROW). North America leads global virtual data rooms market by capturing largest market share in terms of revenue of 37% in 2020. North America has been accounted as the region witnessing most number of mergers & acquisitions across all disciplines. The reasons attributing to highest transactions value across North America is growing Biotechnology, Pharma and Life Science, BFSI, IT & Telecommunications industry and others. Asia Pacific virtual data rooms system market is anticipated to grow at highest CAGR of 15% during the forecast.

Product launch is the primary strategy adopted by companies in global virtual data rooms market. Product launch helps the companies to increase its market share by giving them a competitive and increasing product portfolio. Key companies include Merrill, Brainloop AG, iDeals Solutions Group, SmartRoom, Intralinks and others.

Key Market Movements

• The VDR market is expected to grow at a CAGR of 15% during the forecast period of 2023 to 2030.
• The major drivers for global virtual data rooms market are rising business data volume due to complexity arising from mergers & acquisitions, regulating data privacy, increasing adoption of online document exchanges, and rise in demand for intellectual property & risk management.
• BFSI segment leads the vertical segment in terms of revenue in global virtual data rooms market with around 21% market share in 2020
• North America leads global virtual data rooms market by capturing largest market share in terms of revenue of 37% in 2020.
• Asia Pacific virtual data rooms system market is anticipated to grow at highest CAGR of 15% during the forecast.
• Product launch is the primary strategy adopted by companies in global virtual data rooms market.
• Key companies include Merrill, Brainloop AG, iDeals Solutions Group, SmartRoom, Intralinks and others.

VDR market is segmented into:

*Detailed segments are available on the report page