North America Virtual Data Room Market

Market Introduction

The North America 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.  Information technology has amplified the productivity of several business activities and processes, and enhanced technology applications are expected to affect existing businesses. In the last five years, organizations have witnessed technology's impact on mergers and acquisitions (M&A) with the introduction of virtual data rooms (VDR). M&A activities are not held exquisitely to increase the organization size or accelerate growth. The key ideas for these activities are overcoming overcapacity, extending products or markets, expanding geographically, attaining R&D capabilities, and converging industries. Nevertheless, improving shareholder value is the underlying driver of these deals. Additionally, the VDR market has also seen a significant increase in cross-border M&A activities. With advancements in globalization the rise in international deals, has led to the rising demand for virtual data rooms for streamlined access to information. High-value mergers and acquisitions, with many organizations working remotely now, have resulted in an unprecedented requirement of a digital platform for managing, storing, and accessing vital information and documents.

North America witnessed severe impact of the COVID-19 outbreak in 2020. The enactment of lockdowns and travel restrictions, shutdown of production facilities, and shortage of employees adversely affected the performances of major players across multiple industries in North America. However, in the first half of 2021, the disclosed value of M&A deals summed up to US$ 1.2 trillion, compared to just US$ 287.50 billion in the first half of the pandemic-affected 2020. Furthermore, the ongoing adoption of work-from-home and remote work practices across multiple industries has led to a huge demand for virtual data rooms for collaborating important data and documents among the key stakeholders and employees of companies. An August Willis Towers Watson survey of North American organizations found that employers expected 19% of their workforce to be fully remote after the pandemic, from a baseline of 7% before COVID-19. Thus, after a plummeting market due to COVID-19 related uncertainties in 2020, key North American players in the virtual data room market have begun momentum from the second half of 2021.

Market Overview and Dynamics

The virtual data room market in North America is expected to grow from US$ 675.12 million in 2021 to US$ 1,511.51 million by 2028; it is estimated to grow at a CAGR of 10.6% from 2021 to 2028.  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 virtual data room provides to momentous renewable energy industry players create ample growth opportunities for the market.

Key Market Segments

Based on component, the software segment accounted for the largest share of the North America virtual data room market in 2020. Based on deployment, the cloud segment accounted for the largest share of the North America virtual data room market in 2020. Based on organization size, the large enterprises segment accounted for the largest share of the North America virtual data room market in 2020. Based on business function, the merger & acquisition segment accounted for the largest share of the North America virtual data room market in 2020. Based on end user, the energy & power segment accounted for the largest share of the North America 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 North America 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; BMC Group, Inc.; Brainloop AG; CapLinked; EthosData; iDeals Solutions Group; Intralinks, Inc.; Datasite; Thomson Reuters Corporation and Donnelley Financial Solutions, Inc.

Reasons to buy report

• To understand the North America 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 North America virtual data room market
• Efficiently plan M&A and partnership deals in North America 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 North America virtual data room market
• Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.

North America Virtual Data Room Market Segmentation

North America Virtual Data Room Market – By Component

• Software
• Services

North America Virtual Data Room Market – By Deployment

• On-Premises
• Cloud

North America Virtual Data Room Market – By Organization Size

• SMEs
• Large Enterprises

North America Virtual Data Room Market – By Organization Size

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

North America Virtual Data Room Market – By End-User

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

North America Virtual Data Room Market – By Country

• US
• Canada
• Mexico

North America Virtual Data Room Market – Company Profiles

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

North America Virtual Data Room Market Strategic Insights

North America Virtual Data Room Market Segmentation Analysis

North America Virtual Data Room Market Report Highlights

North America Virtual Data Room Report Scope

North America Virtual Data Room Market Country and Regional Insights