VDR Industry is an online repository for secure document sharing. These systems are used primarily in due diligence processes, and also mergers and acquisitions. They can also be utilized for public offerings in the initial stages and other business transactions. Virtual data rooms can be used to speed up the process and reduce cost of transactions by allowing easy access to all documents required. They also provide a safe environment that eliminates physical documents.
The VDR market derives its demand from a variety of large markets. Law firms and investment banks are the main customers along with private equity and venture capital companies. The growth of the market is highly reactive to the performance of the overall economy. The expansion of the VDR market is largely driven by M&A activity and a rising demand for secure document exchange.
The increasing safety concerns have led to the passing of laws by regional and global maritime corporations to enhance security standards for cargo and passenger ships. This has increased the need to use trip data recorders, and this is likely to continue in the near future.
VdR Industry, Visions du Reel’s Industry section for 2024, has ShareFile VDR pricing announced 29 projects to be featured in VdR Pitching, VdR Work In Progress, and the VdR Rough Cut Lab, as well as four in VdR Development Lab. Alice Burgin has announced her plans for the festival’s business section, VdR Industry, which will showcase 29 projects in the VdR Pitching and VdR-Work in Progress showcases, plus four in the Rough Cut Lab and four in Development Lab.