Global eDiscovery Market

Posted August 11, 2021 by pallavivn

Global eDiscovery Market is expected to reach US$ XX Bn by 2026 at a CAGR of 10% during the forecast period.

Global eDiscovery Market is expected to reach US$ XX Bn by 2026 at a CAGR of 10% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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eDiscovery is the electronic aspect of collecting, identifying and producing electronically stored information (ESI). ESI includes documents, emails, databases, presentations, audio and video files, voicemail, websites, and social media. Electronic discovery (eDiscovery) technology and application allow organizations to heave records and information from the massive volumes of content which helps to span the enterprise, including emails and eliminate exact copies to reduce the cost of reviewing the remaining content and effort. The management and costs of eDiscovery can be managed and lowered through the implementation of a records management program.

The restraining factors such as the higher cost of eDiscovery platforms and services and lack of technical expertise among staff would affect the growth of the market. The increasing number of litigations and the focus on decreasing the operational budget of legal departments, increase in the usage and penetration of mobile devices are some of the major driving factors expected to propel the growth of the market around the world. The increase in the usage of social media and a rise in demand for predictive coding are expected to offer opportunities for eDiscovery vendors.

eDiscovery market is segmented by component, deployment type, organization size and vertical. In case of components, the services segment is likely to have the larger market size during the forecast period, owing to significant benefits that include trained resources, cost savings, support for legal research using eDiscovery software and 24X7 availability of customer service. With the IOT, increasing penetration of big data, edge computing, related technologies, analytics cloud and the demand for eDiscovery services among enterprises are expected to gain huge transaction. However, the identification, preservation, and collection segments are expected to reach at the XX% CAGR during the forecast period, due to preservation, easy identification, and collection of data during legal cases.

Deployment segment is further segmented into on-premises and cloud segment. The on-premises segment is expected to hold the XX market size during the forecast period, as on-premises solutions help organizations to analyze remotely collected data cost-efficiently and facilitate compliance requirements. The on-premises deployment is preferred by many organizations due to various factors such as the availability of security measures, storage of data in companies' premises only and no third-party involvement for data management. However, the cloud deployment type is likely to reach the XX% CAGR during the forecast period, as it is widely adopted by businesses because of various benefits such as scalability, storage, security, flexibility, compliance, and portability.

In case of organization size, the large enterprises' segment is likely to have the XX market size during the forecast period, owing to the growing demand for the security of legal data during the process of legal cases. This is likely to boost the eDiscovery software demand among large enterprises.

In verticals, the government and public sector vertical are estimated to hold the XX% eDiscovery market share during the forecast period, as the public sector vertical is interested in adopting these technologies to improve external reach and improve their internal communications.

The region segment is further segmented into North America, APAC, LAMEA, and Europe. Among these, North America is expected to have the XX% market share during the forecast period, as North America is an advanced region in terms of technology adoption and infrastructure due to various factors such as advanced IT infrastructure, standardized regulations, and the availability of proficient technical experts and the presence of many enterprises. The APAC is expected to hold the XX% CAGR during the forecast period, owing to the adoption of cloud-based solutions by various vendors.

The objective of the report is to present a comprehensive analysis of the Global eDiscovery Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global eDiscovery Market dynamics, structure by analyzing the market segments and project the Global eDiscovery Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global eDiscovery Market make the report investor’s guide.

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Global eDiscovery market, by Component

• Software
 Processing, Review, and Analysis
 Identification, Preservation, and Collection
 Production and Presentation
• Services
 Managed Services
 Support and Maintenance
 Training, Consulting, and Integration
Global eDiscovery market, by Deployment Type

• On-premises
• Cloud
Global eDiscovery market, by Organizational Size

• Small and Medium-sized Enterprises (SMEs)
• Large enterprises
Global eDiscovery market, by Vertical

• Banking, Financial Services, and Insurance (BFSI)
• Government and Public Sector
• Healthcare and Life Sciences
• Legal
• IT and Telecommunications
• Energy and Utilities
• Retail and Consumer Goods
• Manufacturing
• Others (education, media and entertainment, travel and hospitality, and transport and logistics)
Global eDiscovery market, by Region

• North America
• Europe
• Middle East and Africa (MEA)
• Asia Pacific (APAC)
• Latin America
Key Players in Global eDiscovery Market

• AccessData
• Advanced Discovery
• Catalyst
• CloudNine
• Commvault
• Conduent
• Deloitte
• Driven
• Epiq
• Ipro
• KLDiscovery
• Lighthouse
• Logikcull
• Micro Focus
• Microsoft
• Nuix
• OpenText
• Relativity
• Ricoh
• Thomson Reuters
• Veritas

This Report Is Submitted By : Maximize Market Research Company

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Country India
Categories Business
Tags Global eDiscovery Market
Last Updated August 11, 2021