Virtual Data Room Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Deployment Type; By Enterprise Size; By Business Function; By Vertical; By Region; Segment Forecast, 2023 - 2032

Virtual Data Room Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Deployment Type; By Enterprise Size; By Business Function; By Vertical; By Region; Segment Forecast, 2023 - 2032

The global virtual data room market size is expected treach USD 6,430.75 million by 2032, according ta new study by Polaris Market Research. The report “Virtual Data Room Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Deployment Type; By Enterprise Size; By Business Function; By Vertical; By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The rise of cloud technology in developing countries has increased awareness of data protection regulations among several industries. A recent National Association of Software and Services Companies (NASSCOM) assessment shows widespread cloud usage can contribute USD 380 billion by 2026 or nearly 8% of India's Gross Domestic Product (GDP). Favorable government policies, a growing digital population, investment inflow, enterprise digitization, and other factors have contributed tIndia's cloud growth. This will further create a wide range of growth opportunities and market demand in the upcoming years.

According tresearch released in August 2022 by the International Data Corporation (IDC), 74% of India's large businesses have boosted their spending on cybersecurity. Investments have increased in several industries, including banking, government, and healthcare. According tKesavardhanan, the healthcare and educational sectors have considerably aided the rise of cybersecurity firms.

Virtual Data Room Market Report Highlights

Solution Segment is anticipated twitness higher growth rate owing tthe increasing need for VDR software across numerous applications, such as financial audits and bid management.

Cloud-based segment is accounted for the higher growth rate owing tthe significant effort made by leading market participants tprovide cloud-based VDR solutions globally.

Large Enterprise segment is projected texperience a significant growth rate due tthe widespread use of virtual data room software by big banks, law firms, healthcare systems, and financial businesses.

Finance segment is projected texperience a higher growth rate due tthe widespread use of VDR technologies in various financial applications across various company finance disciplines.

BFSI segment is expected twitness higher growth rate owing tthe fast-expanding use of virtual data room platforms by different investment banking firms and other financial institutions

The global players include Datasite, iDeals Solutions, DealRoom, Intralinks Holdings, SecureDocs, FirmRoom, Citrix Systems, EthosData, Ansarada, Firmex, Brainloop, Onehub, ShareVault, SmartRoom, Uniscon, Aversure, Ruby Datum, Drooms & Imprima

Polaris Market Research has segmented the virtual data room market report based on component, deployment, enterprise size, business function, vertical and region:

Virtual Data Room, Component Outlook (Revenue - USD Million, 2019 - 2032)

Solution

AI-Powered

Non-AI-Powered

Services

Consulting

Implementation & Integration

Training and Support & Maintenance

Virtual Data Room, Deployment Outlook (Revenue - USD Million, 2019 - 2032)

Cloud-based

On-Premises

Virtual Data Room, Enterprise Size Outlook (Revenue - USD Million, 2019 - 2032)

Large Enterprises

SMEs

Virtual Data Room, Business Function Outlook (Revenue - USD Million, 2019 - 2032)

Marketing and Sales

Legal and Compliance

Finance

Workforce Management

Virtual Data Room, Vertical Outlook (Revenue - USD Million, 2019 - 2032)

BFSI

Corporates

Healthcare & Life Sciences

Government & Legal and Compliance Agencies

Real Estate

Industrial

Energy & Utility

Virtual Data Room, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa