VIRTUAL DATA ROOM MARKET ANALYSIS

Global Virtual Data Room Market, by Component Type (Solution and Services), by Business Functionality (Marketing & Sales, Legal, Finance, Workforce management), by Organization Size (SMEs and Large Enterprises), by Deployment (On-premises and Cloud), by Verticals (BFSI, Healthcare, Retail and Consumer goods, IT and Telecom services, Government, Healthcare, Media and Entertainment, Travel and Hospitality, and Others), and by Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Global Virtual Data Room Market: Key Developments

In August 2018, Diligent Corporation, an enterprise governance management company and provider of secure board collaboration solutions acquired Brainloop, the supplier of virtual data room software used within the enterprise for high-security collaboration on confidential documents. The purpose of acquisition was to expand governance cloud offering with secure virtual data rooms for the enterprise.
In October 2016, Drooms introduced the next generation data room, Drooms NXG. Drooms NXG offers a direct machine-based translation of documents uploaded to the data room and Drooms NXG has an auto red-flag feature – with the platform’s algorithms being able to independently analyze the content of a data room and filter out the relevant information to enable user-based assessment.
In February 2019, The Gateway Program Development Corp., announced a launch of its virtual data room to provide potential bidders with important technical information about the Hudson Tunnel project.