Middle East and Africa Virtual Data Room Market

Market Introduction

The Middle East and Africa virtual data room market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena.  Currently, fossil fuels are being exploited at an accelerating rate, owing to the increasing consumption of energy every year. Continuous introduction of technologically advanced products, such as electric cars, solar panels, or bioenergy facilities, slowdown the depletion of energy sources. However, prominent research and technology organizations across the region are exploring new and better energy solutions. Thus, the renewable energy industry has established itself as one of the most vital industries with increasingly positive growth prospects. Similar to major projects across multiple industries, storing the documentation connected to renewable energy becomes crucial for information and data-sharing with significant third parties and people within the organization. A virtual data room provides an efficient and secure platform for all major decision-makers and stakeholders within the organization to make well-informed decisions in a timely and effective manner. These data rooms provide top-of-the-line security features, optimized due diligence process, efficient cooperation process of teams, and integration of multiple third-party tools. Therefore, the efficiency and optimization that visual data room provides to momentous renewable energy industry players create ample growth opportunities for the 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.

Market Overview and Dynamics

The virtual data room market in Middle East and Africa is expected to grow from US$ 69.46 million in 2021 to US$ 138.82 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028.  Merger & acqusition activities, whether auction processes, acquisitions, or mergers, employ technology to enhance deals' success rate and increase productivity. A virtual data room (VDR) has emerged as a due diligence tool, which is technology-based. It intends to promote the use and access of a data room in various business processes across multiple industries, such as merger & acqusition activities/transactions and financial investments. The due diligence process is performed by equity research analysts, broker-dealers, fund managers, broker-dealers, and companies going through a merger or an acquisition. The due diligence process is segmented into nine key areas: Compatibility audit, financial audit, macro-environment audit, legal/environmental audit, marketing audit, production audit, management audit, information systems audit, and reconciliation audit. All these areas can be conveniently accessed and managed through a virtual data room, making the due diligence process more effective and timelier. Furthermore, several key market players are introducing functionalities utilizing advanced technology for the due diligence process.

Key Market Segments

Based on component, the software segment accounted for the largest share of the Middle East and Africa virtual data room market in 2020. Based on deployment, the cloud segment accounted for the largest share of the Middle East and Africa virtual data room market in 2020. Based on organization size, the large enterprises segment accounted for the largest share of the Middle East and Africa virtual data room market in 2020. Based on business function, the merger & acquisition segment accounted for the largest share of the Middle East and Africa virtual data room market in 2020. Based on end user, the others segment accounted for the largest share of the Middle East and Africa virtual data room market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Middle East and Africa virtual data room market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Ansarada Group Limited; CapLinked; EthosData; iDeals Solutions Group; Intralinks, Inc.; Datasite; and Donnelley Financial Solutions, Inc..

Reasons to buy report

• To understand the Middle East and Africa virtual data room market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East and Africa virtual data room market
• Efficiently plan M&A and partnership deals in Middle East and Africa virtual data room market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East and Africa virtual data room market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Middle East and Africa region.

Middle East and Africa Virtual Data Room Market Segmentation

Middle East and Africa Virtual Data Room Market – By Component

• Software
• Services

Middle East and Africa Virtual Data Room Market – By Deployment

• On-Premises
• Cloud

Middle East and Africa Virtual Data Room Market – By Organization Size

• SMEs
• Large Enterprises

Middle East and Africa Virtual Data Room Market – By Organization Size

• Merger & Acquisition
• Finance
• Marketing and Sales
• Compliance and Legal
• Workforce Management
• Others

Middle East and Africa Virtual Data Room Market – By End-User

• BFSI
• IT & telecommunication
• Healthcare
• Energy & Power
• Retail
• Others

Middle East and Africa Virtual Data Room Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa

Middle East and Africa Virtual Data Room Market – Company Profiles

• Ansarada Group Limited
• Brainloop AG
• CapLinked
• EthosData
• iDeals Solutions Group
• Intralinks, Inc.
• Datasite
• Donnelley Financial Solutions, Inc.

Middle East and Africa Virtual Data Room Market Strategic Insights

Middle East and Africa Virtual Data Room Market Segmentation Analysis

Middle East and Africa Virtual Data Room Market Report Highlights

Middle East and Africa Virtual Data Room Report Scope

Middle East and Africa Virtual Data Room Market Country and Regional Insights