Global E-Discovery Market, By Component (Solutions, Services), Deployment Model (On-Premises, Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), End User (Government And Public Sector, Legal, Banking, Financial Services, And Insurance, Energy And Utilities, Healthcare and Life Sciences, Retail And Consumer Goods, IT and Telecommunications, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global E-Discovery Market
E-discovery market size is valued at USD 108.17 million by 2028 and is expected to grow at a compound annual growth rate of 24.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on e-discovery provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
E-discovery also known as the electronic discovery is a procedure in which electronic data is brought and is located or searched with the aim of using it as a civil verification or in any legal proceedings. It can also work offline on a specific computer.
The increasing number of litigations across the world has been directly influencing the growth of e-discovery market over the forecast period of 2021 to 2028. Also the growing focus on proactive governance with data analytics and the emergence of new content sources are also flourishing the growth of the e-discovery market. Also the high growth of ESI and social media penetration is also positively impacting the growth of the market. Furthermore, the varying structure of regulatory policies is also acting as an active growth driver towards the growth of the e-discovery market. Moreover, the rising cost of litigation among companies and growing compliance needs are creating a huge demand for e-discovery as well as lifting the growth of the e-discovery market.
However, the increasing chances of cyber-attacks and data theft activities during the COVID-19 pandemic as well as the dearth of skilled professional workforce are acting as the major restrictions for the growth of e-discovery in the above mentioned forecasted period, whereas the high initial costs of investment, installation, and maintenance and lack of awareness of e-discovery solutions can challenge the e-discovery market growth in the forecast period of 2021 to 2028.
Likewise, the appearance of AI-based analytics and predictive coding for e-discovery along with increasing collaboration with social media platforms simplifies litigation processes will further cater ample new opportunities that will lead to the growth of the e-discovery market in the above mentioned forecasted period.
This e-discovery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on e-discovery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global E-Discovery Market Scope and Market Size
E-discovery market is segmented on the basis of component, deployment model, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the e-discovery market is segmented into solutions and services. Solutions have further been segmented into processing, review, and analysis, identification, preservation, and collection and production and presentation. Services have further been managed services, maintenance and support and training, consulting, and integration.
- The deployment model segment of the e-discovery market is segmented into on-premises and cloud.
- E-discovery market is segmented on the basis of organization size into small and medium-sized enterprises and large enterprises.
- On the basis of end user, the e-discovery market is segmented into government and public sector, legal, banking, financial services, and insurance, energy and utilities, healthcare and life sciences, retail and consumer goods, IT and telecommunications and others.
E-Discovery Market Country Level Analysis
E-discovery market is analyzed and market size, volume information is provided by country, component, deployment model, organization size and end user as referenced above.
The countries covered in the e-discovery market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the e-discovery market due to the increased data generation and data availability in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising investments of the government on various digital initiatives within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and E-Discovery Market Share Analysis
E-discovery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to e-discovery market.
The major players covered in the e-discovery market report are Microsoft, IBM, Open Text Corporation, Deloitte, Micro Focus, ZyLAB, Relativity, NUIX, Logikcull, KLDiscovery, Exterro, Inc., Thomson Reuters, Knovos, LLC, Casepoint, Nextpoint, Inc., CS Disco, Inc., Veritas, ONE Discovery Inc., Congruity 360, LLC and Onna Technologies, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.