Report : South America 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 Software Segment to Dominate South America Virtual Data Room Market during 2021-2028
According to a new market research study on “South America 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$ 76.90 million by 2028 from US$ 45.68 million in 2021. The market is estimated to grow at a CAGR of 6.7% from 2021 to 2028. The report provides trends prevailing in the South America virtual data room market along with the drivers and restraints pertaining to the market growth. Multiple industries adopting mergers and acquisition and development of advanced VDR technologies for due diligence are major factors driving the growth of the South America virtual data room market. However, increase in the chances of cyber-attacks and data breaches may hinder the growth of South America virtual data room market.
Most of the companies in South America limited their operations in the peak period of the COVID-19 pandemic, whereas others opted for the restructuring of their management and workforce. The slowdown of merger and acquisition activities in the region resulted in a significant loss for the virtual data room players during the second half of 2020. The market in South America witnessed a decline in growth as the majority of stimulus packages deployed by governments were focused on public healthcare and tax relief. However, relaxations in COVID-19-led restrictions and reopening of production facilities are anticipated to promote market recovery in this region in the coming years. Furthermore, there has been a significant acceleration in the rate of merger and acquisition deals in the region due to privatization policies being adopted by prominent economies. A rise in remote working structure, merger & acquisition transactions and deals, and virtual data management needs have created growth opportunities for the market players in the region.
The market for South America 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 South America virtual data room market. Based on deployment, the South America 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 South America virtual data room market. On the basis of business function, the South America 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 energy & power segment held the largest share in South America virtual data room market. Based on country, the South America virtual data room market is divided into Brazil, Argentina and rest of South America. In 2020, rest of South America held the largest share in South America virtual data room market. Furthermore, in this present scenario of COVID 19 pandemic, the South America virtual data room market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for virtual data room.
Ansarada Group Limited; Brainloop AG; CapLinked; EthosData; iDeals Solutions Group; Intralinks, Inc.; Datasite; Thomson Reuters Corporation and Donnelley Financial Solutions, Inc. are some of the leading companies in the South America 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.
Contact Person: Sameer Joshi
Email Id: firstname.lastname@example.org