The global virtual data room market size reached US$ 1.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2027, exhibiting a growth rate (CAGR) of 14.29% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A virtual data room (VDR) is a software-as-a-service (SaaS) solution for storing and sharing confidential data with third-party entities using the Internet. It offers notes and bookmarks, question and answer (Q&A) tools, and multiple-factor authentication and watermarking. It eliminates the requirement for physical data storage and provides instant access from any location. It acts as an online repository to facilitate fundraising, mergers and acquisitions (M&A), and initial public offer (IPO). Consequently, it is employed in the banking, financial services, and insurance (BFSI) sector worldwide to manage day-to-day operations, ranging from documents to compliance.

A significant shift towards advanced solutions for improving business operations and securing documentation management represents one of the key factors bolstering the market growth. VDRs enable firms to share information in a secure, on-demand, and cost-efficient manner. Additionally, rapid digitization and the emergence of new business models are promoting M&A activities, which, in turn, is contributing to the market growth. Moreover, the rising number of startups is influencing the demand for VDRs to help share confidential information and control sensitive documents for due diligence. Apart from this, the emerging automation trends in manufacturing processes are encouraging the adoption of VDRs for sharing designs and product data among manufacturers. Furthermore, several service providers are incorporating artificial intelligence (AI) and machine learning (ML) to enable automatic document translation and red flag analysis. They are also introducing customized VDR structures, which are anticipated to propel the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global virtual data room market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment type, enterprise size, business function and vertical.

Breakup by Component:


Breakup by Deployment Type:


Breakup by Enterprise Size:

Large Enterprises
Small and Medium Enterprises

Breakup by Business Function:

Marketing and Sales
Workforce Management

Breakup by Vertical:

Retail and E-Commerce
Healthcare and Life Sciences
IT and Telecommunications

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ansarada Pty Ltd., Brainloop AG (Diligent Corporation), CapLinked, Citrix Systems Inc., Datasite Global Corporation, DealRoom Inc., EthosData, Firmex Inc, FORDATA sp. z o.o., iDeals Solutions Group, Intralinks Holdings Inc. (SS&C Technologies), SecureDocs Inc., ShareVault (Pandesa Corporation) and SmartRoom (BMC Group).

Key questions answered in this report:

How has the global virtual data room market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global virtual data room market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the enterprise size?
What is the breakup of the market based on the business function?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global virtual data room market and who are the key players?
What is the degree of competition in the industry?