North America Virtual Data Room Market Overview 2021: Size, Share, Trending Technologies, Development Plans, industry trends

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.

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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.

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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.

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.

North America Virtual Data Room market- By Component:
1. Software
2. Services

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

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