NEW YORK, Aug. 21, 2023 /PRNewswire/ -- The virtual data room (VDR) market is estimated to grow at a CAGR of 7.68% between 2022 and 2027. The market size is forecast to increase by USD 793.32 million, according to Technavio – Download a Sample Report
Virtual Data Room Market Insights -
- Companies: 15+, Including Ansarada Group Ltd., AvePoint, Inc., CapLinked Inc., Citrix Systems Inc., Confiex Data Room Pvt. Ltd., ContractZen Oy, datasite LLC, Digify Inc., Diligent Corp., Drooms GmbH, EthosData Ltd., FirmRoom Inc., FORDATA sp.z o.o, iDeals group of companies, IFCI Ltd., Quant LegalTech Pvt. Ltd., SecureDocs Inc., SS and C Technologies Holdings Inc., Thomson Reuters Corp., and Yanka Industries, Inc., among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies
- Segments: application (M&As and IPOs, enterprise activities, and document warehousing), deployment (on-premises and cloud-based), and geography (North America, Europe, APAC, South America, and Middle East, and Africa)
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Virtual data room market - Company Insights
The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies including - Ansarada Group Ltd., AvePoint, Inc., CapLinked Inc., Citrix Systems Inc., Confiex Data Room Pvt. Ltd., ContractZen Oy, datasite LLC, Digify Inc., Diligent Corp., Drooms GmbH, EthosData Ltd., FirmRoom Inc., FORDATA sp.z o.o, iDeals group of companies, IFCI Ltd., Quant LegalTech Pvt. Ltd., SecureDocs Inc., SS and C Technologies Holdings Inc., Thomson Reuters Corp., and Yanka Industries, Inc.,
Virtual Data Room Market – Market Dynamics
Key Driver- The rise in continuous monitoring of compliance-related documents is a key factor driving market growth.
Major Trends- AI-based virtual data room is a major trend in the market.
Significant Challenges
The availability of substitutes is a significant challenge restricting market growth. This is due to a lack of awareness and the presence of traditional physical data rooms for mergers and acquisitions and due diligence. Many companies in developing countries still prefer physical data rooms to virtual ones due to their reliance on paper-based methods and lack of technological sophistication. Also, virtual data rooms are not suitable for all industries. For example, for highly confidential information exchanges, some governments may choose to continue to use physical data rooms. In these situations, the physical data room is preferred over the virtual data room. Hence, these factors are expected to restrict market growth during the forecast period.
The virtual data room market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.
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What are the key data covered in this Virtual Data Room Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the virtual data room market between 2023 and 2027
- Precise estimation of the size of the virtual data room market and its contribution to the market with a focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- A thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of virtual data room market companies
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Virtual Data Room Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.68% |
Market growth 2023-2027 |
USD 793.32 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.89 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 48% |
Key countries |
US, China, Japan, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ansarada Group Ltd., AvePoint, Inc., CapLinked Inc., Citrix Systems Inc., Confiex Data Room Pvt. Ltd., ContractZen Oy, datasite LLC, Digify Inc., Diligent Corp., Drooms GmbH, EthosData Ltd., FirmRoom Inc., FORDATA sp.z o.o, iDeals group of companies, IFCI Ltd., Quant LegalTech Pvt. Ltd., SecureDocs Inc., SS and C Technologies Holdings Inc., Thomson Reuters Corp., and Yanka Industries, Inc., |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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