Virtual Data Room Market Size Worth $6,430.75 Million By 2032 | CAGR: 14.70%

The global virtual data room market size is expected to reach USD 6,430.75 million by 2032, according to a 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, 2024-2032” gives a detailed insight into current 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 to India's cloud growth. This will further create a wide range of growth opportunities and market demand in the upcoming years.

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According to research 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 to Kesavardhanan, the healthcare and educational sectors have considerably aided the rise of cybersecurity firms.

Virtual Data Room Market Report Highlights

• Solution Segment is anticipated to witness higher growth rate owing to the 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 to the significant effort made by leading market participants to provide cloud-based VDR solutions globally.
• Large Enterprise segment is projected to experience a significant growth rate due to the widespread use of virtual data room software by big banks, law firms, healthcare systems, and financial businesses.
• Finance segment is projected to experience a higher growth rate due to the widespread use of VDR technologies in various financial applications across various company finance disciplines.
• BFSI segment is expected to witness higher growth rate owing to the 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