Over the forecast period, significant growth is expected in the global eDiscovery industry. The lateral market is expected to grow due to social media interactions throughout the organization structure.
Market drivers include a compulsion to raise data governance standards within organizations and effective follow up with eDiscovery solutions for civil litigations.
Market drivers for growth include predictive coding and an increase in civil litigations. Data security compliance is also a key arbitrator for inclusive growth in eDiscovery.
The market is still in its infancy. M&A will encourage growth and goodwill.
Market by solution includes legal hold, early case assessment and data processing. Technology-assisted reviews can also be included.
Market by deployment encompasses both cloud and off-premises.
It is broken down into four categories: consulting, training and implementation.
The market is divided by industry and includes Government, legal, BFSI, Energy and Utilities, Healthcare, Travel and Hospitality, Transportation and Logistics, IT and Telecom, Media and Entertainment, and other.
Segmentation of the e-discovery market can be made on the basis if components are converted into software or services.
Software services can be further divided into off-premise and on-premise.
Based on end-use, the global eDiscovery marketplace is divided into law firms, government agencies, and enterprises.
The classification is based on region and includes Europe, North America (Latin America), Latin America, MEA and Asia Pacific.
On-premise services lead the market, but off-premise software is expected to rise in popularity of cloud computing. This will be a significant market driver over the forecast period. It has a foothold throughout South Korea, Japan, the U.S., and England.
On-premises solution providers, cloud solutions providers, service providers and cloud-based app developers are the dominant players in this market.
Due to the history of corporate investigations and litigations, the services market by solution has the largest market share.
North America holds a dominant position in the global electronic discovery market by software and solutions because of its mandatory compliance with regulatory standards.
An inclined government towards high adoption of eDiscovery Market predicts growth in South Africa or the Japan Market.
Asia Pacific will see high growth in the second half of the forecast period.
According to an article from July 2016, e-discovery adoption is on the rise in the market. This is due to internal policies being expedited and internal investigations relating to HR policies.
As this approach creates revenue pockets and capitalizes on progressive client relationships, law firms aim to capture a significant market share in the ediscovery market. It also paves the path for smooth ediscovery processes in future litigation.
The market for e-discovery has not seen much software buying so the market by service still holds the key. Until software is accepted by the market, and the highly regulated markets in the U.S.A and England have reached a breaking point, ediscovery through services is thriving.
FTI Technologies LLC and IBM Corporation are the global industry leaders in the ediscovery market.
EMC Corporation, Daegis Inc., HP Autonomy, Guidance Software, Inc., FTI Consulting, Inc., Symantec Corporation, Integron Managed Solutions, Inc. are key players in the global eDiscovery marketplace.
Up Market Research published a new report titled “eDiscovery Market research report which is segmented by Solution (Data Processing And Data Production, Legal Hold, Early Case Assessment), By Players/Companies cloud solution providers, cloud-based application developers, law firms, service providers, litigation service providers, legal analytics vendors and consultants, on-premises solution providers”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | eDiscovery Market Research Report |
By Solution | Data Processing And Data Production, Legal Hold, Early Case Assessment |
By Companies | cloud solution providers, cloud-based application developers, law firms, service providers, litigation service providers, legal analytics vendors and consultants, on-premises solution providers |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 212 |
Number of Tables & Figures | 149 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Solution (Data Processing And Data Production, Legal Hold, Early Case Assessment).
eDiscovery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the eDiscovery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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