Report : Europe Virtual Data Room Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Deployment (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Business Function (Merger & Acquisition, Finance,
The Cloud Segment to Dominate Europe Virtual Data Room Market during 2021-2028
According to a new market research study on “Europe virtual data room market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Component, Deployment, Organization Size, Business Function, End-User and Country,” is expected to reach US$ 934.37 million by 2028 from US$ 388.39 million in 2021. The market is estimated to grow at a CAGR of 11.6% from 2021 to 2028. The report provides trends prevailing in the Europe virtual data room market along with the drivers and restraints pertaining to the market growth. Excessive mergers and acquisition taking place across multiple industries and VDR technologies development for due diligence are major factors driving the growth of the Europe virtual data room market. However, possibility of cyber-attacks and data breaches may hinder the growth of Europe virtual data room market.
The information technology plays an important role in successful implementation of work-from-home model in many European countries. There was a huge fall in the number of merger and acquisition (M&A) deals across the region from 2019 to 2020. For instance, in 2020, ~2,600 deals were completed in the UK, registering the decrease of 13% than that in 2019. However, the reopening of economies and successful implementation of vaccine drives have encouraged several big M&A deals to accelerate growth, expansion, and market share. For instance, a consortium of investors led by Cassa depositi e Prestiti S.p.A. acquired an 88.06% stake of Autostrade per l'Italia S.p.A in mid-2021, which is the largest M&A deal in Europe in 2021 so far. Additionally, the adoption of work-from-home model has created a significant demand for digital solutions for data management and collaboration, such as virtual data rooms. Furthermore, the upcoming integration of machine learning and AI algorithms to manage and sort virtual data has created positive prospects for key players in the European virtual data room market as a large number of stakeholders are concerned about data accuracy and security from cyberattacks.
The market for Europe virtual data room is segmented into component, deployment, organization size, business function, end-user and country. Based on component, the market is segmented into software, and services. In 2020, the software segment held the largest share in Europe virtual data room market. Based on deployment, the Europe virtual data room market is divided into on-premises, and cloud. The cloud segment is expected to be the fastest growing segment over the forecast period. As per organization size, the market is classified into SMEs, and large enterprises. In 2020, the large enterprises segment held the largest share in Europe virtual data room market. On the basis of business function, the Europe virtual data room market is categorized into merger & acquisition, finance, marketing and sales, compliance and legal, workforce management, and others. The marketing and sales segment is expected to be the fastest growing segment over the forecast period. Based on end-user, the market is segmented into BFSI, IT & telecommunication, healthcare, energy & power, retail, and others. In 2020, the others segment held the largest share in Europe virtual data room market. Based on country, the Europe virtual data room market is divided into Germany, France, Italy, UK, Russia and rest of Europe. In 2020, UK held the largest share in Europe virtual data room market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe virtual data room market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for virtual data room.
Ansarada Group Limited; BMC Group, Inc.; CapLinked; EthosData; iDeals Solutions Group; Intralinks, Inc.; Datasite; Thomson Reuters Corporation and Donnelley Financial Solutions, Inc. are some of the leading companies in the Europe virtual data room market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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