The market for virtual datarooms is growing due to the increasing the demand for highly secure solutions for document exchanges between companies and officials of the law. Additionally, healthcare initiatives often require sharing confidential information with multiple stakeholders which is the reason for the widespread adoption of VDR solutions. Additionally, fundraising activities require transparency and proper document organization which is driving the use of virtual data rooms.

The market for virtual data rooms can be divided into two different deployment methods which are cloud-based or on premises. Cloud-based VDR is expected to dominate the market during the forecast period. In 2021, it held 67% of global revenue. This is primarily due to the cost-effective benefits offered by cloud-based VDR solutions when compared with on-premises alternatives. SMEs are likely to adopt cloud-based VDRs, which will increase this sector.

VDR solutions are extensively utilized in the banking, financial services and insurance (BFSI) sector to help streamline deal processes. They are also employed by real estate companies to transfer documents to facilitate property purchases and sales. The COVID-19 epidemic has also increased the necessity to work remotely which is causing the adoption of secure document transfer tools such as VDRs.

VDR demand is expected to grow in emerging economies like China, India, Southeast Asia and others. These countries are experiencing rapid growth in their economies and digitalization provides an environment that is favorable for business transactions like mergers and purchases. This will further increase the need for secure, efficient digital solutions.

Angebot erhalten