19 Abr The Virtual Data Room Market

The global virtual data room market is growing fast due to an increase in demand for highly secure solutions for document exchanges among businesses and legal bodies. VDR solutions are also utilized in healthcare projects, where it is necessary to share confidential information with a number of stakeholders. Additionally, fundraising activities require transparency and well-organized documents, thereby propelling the use of virtual data rooms.

The virtual data room market can be divided into two deployment modes either on-premises or cloud-based. The latter segment was responsible for 67 percent of the revenue share in 2021 and is expected dominate in the coming years. This is due in large part to the low-cost benefits provided by cloud-based VDR solutions as compared to on-premises alternatives. SMEs are likely to be embracing cloud-based VDRs, which will increase this segment.

VDR solutions are extensively used in the BFSI sector (banking as well as financial services and insurance) to streamline deal processes. In addition, they are employed by real estate companies to transfer documents to facilitate property purchases and sales. The COVID-19 pandemic has also accelerated the need for remote work and is driving the use of secure document transfer tools like VDRs.

The demand for VDR solutions is expected to increase from emerging economies such as China, India, and Southeast Asia. These countries are experiencing rapid economic growth and digitalization that creates a favorable dataroomphoto.com/top-10-tips-on-creating-a-virtual-data-room/ environment for business transactions, including mergers and acquisitions. This will further increase the demand for secure and efficient digital solutions.