The Merger & Acquisition Segment to Dominate Middle East and Africa Virtual Data Room Market during 2021-2028

According to a new market research study on “Middle East and Africa 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$ 138.82 million by 2028 from US$ 69.46 million in 2021. The market is estimated to grow at a CAGR of 9.0% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa virtual data room market along with the drivers and restraints pertaining to the market growth. Increments in the number of mergers and acquisition across multiple industries and development of advanced VDR technologies for due diligence are major factors driving the growth of the Middle East and Africa virtual data room market. However, heightening cyber-attacks and data breaches may hinder the growth of Middle East and Africa virtual data room market.

The virtual data room market in the Middle East and Africa witnessed a decline in growth initially in 2020 due to the enactment of containment measures such as travel restrictions, production shutdown, and lockdowns, which led to disruptions in supply chains. However, work-from-home practices were widely adopted throughout the region, particularly in the countries forced into lockdown to curb the spread of SARS-CoV-2. Moreover, the declining number of M&A deals in 2020 due to the uncertainties related to the pandemic created a void in the market for major virtual data room service providers. However, as major companies in the economies in this region started revamping their structure to deal with the effects of the pandemic, the number of merger & acquisition transactions has begun to rise. Furthermore, the support for work-from-home and remote work cultures across various industries has created a sufficient demand for virtual data rooms. Therefore, irrespective of the plummeting oil & gas performance, which is the largest contributor to the economy of this region, the COVID-19 pandemic has supported the virtual data room market growth.

The market for Middle East and Africa 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 Middle East and Africa virtual data room market. Based on deployment, the Middle East and Africa 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 Middle East and Africa virtual data room market. On the basis of business function, the Middle East and Africa 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 Middle East and Africa virtual data room market. Based on country, the Middle East and Africa virtual data room market is divided into South Africa, Saudi Arabia, UAE and rest of Middle East and Africa. In 2020, rest of MEA held the largest share in Middle East and Africa virtual data room market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa virtual data room market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for virtual data room.

Ansarada Group Limited; CapLinked; EthosData; iDeals Solutions Group; Intralinks, Inc.; Datasite; and Donnelley Financial Solutions, Inc. are some of the leading companies in the Middle East and Africa 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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