The industry of virtual data rooms is growing rapidly, thanks to the surge in demand for secure ways of sharing and storing sensitive information. The market is also expanding due to the increasing integration of AI technology into VDRs. This helps streamline activities and ensure data security. Remote working and cloud computing have also increased the demand for secure document exchange online.

The BFSI segment has a significant part of the global VDR market, owing to the growing acceptance of this platform by banks and investment institutions. The tool is a simplified way to go about the mergers and purchases process which allows them to carry out these transactions. The introduction of these platforms for data storage and sharing in the clinical research and medical equipment businesses is a further driver of market growth.

Additionally, the oil and gas industry is inclining towards consolidations, which require stringent due diligence operations. The requirement for transferring seismic data and well logs safely is boosting the growth of the market. The demand for secure methods to transfer patented findings papers is additionally driving the market growth.

North America dominates the global VDR market followed by due diligence data room Europe and Asia Pacific. The presence of major players in the region, including Datasite, iDeals Solutions, DealRoom, Intralinks Holdings, and Firmex have been a major factor in the region's market's expansion. However, the demand for this product in LAMEA is lower than in other regions.