The Virtual Data Room Market size is projected to grow from USD 1.4 billion in 2020 to USD 2.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.4% during the forecast period. The major factors driving the growth of includes increasing volumes of business data due to complexities arising from mergers and acquisitions activities and rising need for intellectual property and risk management.
Based on organization size, the large enterprises segment to hold a larger market size during the forecast period
Large enterprises are defined as business entities with more than 1,000 employees. Large enterprises across industry verticals are at the forefront in adopting virtual data room solutions, due to the increasing business transactions. As enterprises grow in size, the business deals such as fundraising, IPOs, joint ventures, and merger and acquisition activities also grow, thus increasing the adoption rate of virtual data room solutions. Large organizations need to adhere to stringent compliance regulations, such as General Data Protection Regulation (GDPR) and other banking-related regulations that include Basel III, Dodd-Frank Wall Street Reform, and Consumer Protection Act. These regulations help organizations in maintaining high security while sharing business data with the clients and parties involved in business deal.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74439915
Based on business function, the marketing and sales segment to grow at the highest CAGR during the forecast period
The marketing and sales business function is growing rapidly, owing to the increasing digitalization. This business function is critical to any organization that requires support and information from different departments, which can be instrumental in converting leads successfully. Marketing and sales teams are always on the lookout for new technologies to outperform their competitors. These teams need to share private data with various associated external parties, such as client partners, resellers, and distributors. Therefore, to ensure the security and sensitivity of the shared data, they adopt virtual data room solutions that would also help them conduct private meetings and discuss business deals. The advancements in technologies and developing infrastructure would lead to advancements in virtual data room solutions in the coming years. This would result in faster business processes.
Key market players profiled in this report include Citrix (US), Intralinks (US), Firmex (Canada), Datasite (US), iDeals Solutions (US), Drooms (Germany), EthosData (UK), SecureDocs (US), Brainloop (Germany), Ansarada (Australia), SmartRoom (US), CapLinked (US), Vault Rooms (US), Vitrium Systems (Canada), Onehub (US), ShareVault (US), HighQ (UK), DFIN (US), FORDATA (Poland), and Digify (Singapore) These players have adopted various growth strategies, such as partnerships and new service launches to expand their presence further in the virtual data room market and broaden their customer base.
Citrix was founded in 1989 and is headquartered in Florida, US. The company is a leading provider of virtualization, networking, mobility management, and cloud services that provide optimized working environments. It operates through the workspace, networking, and professional services segment. Citrix operates in various industry verticals, including healthcare, finance, manufacturing, education, and government and public sector. Its virtual data room solutions are used by diverse industries to ensure better efficiency and security across transactions, ranging from streamlining the M&A process to facilitating IP licensing. The company offers virtual data room services through ShareFile, its cloud-based data room service, and has also emphasized on strategic efforts to develop end-user productivity and scalability, and improve performance to offer an enhanced customer experience. For instance, in April 2019, Citrix updated ShareFile Sync for Windows designed to provide ShareFile’s customers with an easy way to access and synchronize folders from ShareFile accounts to local computers.
Request a Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=74439915
Intralinks provides cloud-based virtual data room offerings to leading financial institutions and enterprises. Recently, the company was acquired by Siris Capital Group. Intralinks was founded in 1996 and is headquartered in New York, US. It offers specific products that meet the needs of major banks and other global corporations in highly regulated industries seeking to automate document-centric and collaborative workflows. It also offers solutions for hedge fund marketing, capital raising solutions, and loan syndication software. With over 20 years of experience in the virtual data room industry, Intralinks caters to a broad clientele, which includes companies such as McLaren Honda, Essex Industries, Essar Oil, Red Lion Hotels, DuPont, and L’Oréal. The company has offices across the globe and provides a customized virtual data room solution through which it aims at revolutionizing mergers and acquisitions deals. Coupled with AI, Intralinks VDR claims to have a 50% faster rate of transactions, thereby enabling faster due diligence through automation. In September 2018, the company extened its alliance with Axiom; this enables Intralinks’ EMEA customers to leverage Axiom’s multi-jurisdictional talent and the Contracts Intelligence Platform technology to accelerate contract review, unearth deal synergies, and provide critical business insights.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/virtual-data-room-market-74439915.html