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eDiscovery Market - Global Industry Analysis

eDiscovery Market (Software; On-Premise Software & Off-Premise Software And Services) For Government And Regulatory Agencies, Enterprises (Small, Mid And Large-Size Enterprises) And Law Firms - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028

Published Date: 07-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 160 Report Code: ZMR-398 Status : Published

Global eDiscovery Market accounted for USD 16017. 87 Million in 2020 and is expected to reach USD 32942.9 Million by 2028, growing at a CAGR of around 9.5% between 2021 and 2028

Description

Market Overview     

The global EDiscovery Market accounted for USD 16017. 87 Million in 2020 and is expected to reach USD 32942.9 Million by 2028, growing at a CAGR of around 9.5% between 2021 and 2028.

The rising employment of eDiscovery solutions in topmost and government agencies for the investigation process is likely to boost eDiscovery market growth. Additionally, increasing danger mitigation activities in organizations, growing acceptance of predictive coding, need for proactive solutions, upsurge in litigation, and development of record management everywhere different trades are a number of the main reasons acting as a catalyst for the eDiscovery market. 

Furthermore to the present, robust development in the smartphone market and increasing employment use of social media networking platforms like LinkedIn, Instagram, and Facebook is likely to boost the event of the eDiscovery market within the coming years. On the opposite hand, the high price of eDiscovery and unfavorable government rules are likely to hinder the event of the eDiscovery market to a point. However, some government policies also support the eDiscovery process and boost the eDiscovery market. as an example, in August 2017, the Texas Supreme Court set a structure for requesting access to Electronically Stored Information like comments and tracked changes in PowerPoint notes, Microsoft Word documents, and other dynamic information, boosting the eDiscovery market.

COVID-19 Impact Analysis  

The impact of COVID-19 is supposed to be for a short range; however, its impact going to have a vast effect on the companies, forecast to a big scope for a minimum of a year to 15 months. This led to organizations capitalizing more on eDiscovery solutions and services to endure operations. Governments are declaring packages to assist businesses during this pandemic, with a special specialization in Small and Medium-scale Enterprises.

With the current new normal, like the work from home & social distancing, virtual private network connectivity has led to the adoption and need of cloud-based eDiscovery solutions. Economic and business conditions have changed due to the COVID-19 outbreak, which has started in late 2019. Since then eDiscovery specialists are seeing business reviews and making decisions to support the gathering, processing, and review of ESI.  The primary discussed topic among business, legal, and IT professionals within the eDiscovery ecosystem is the way to plan and execute the core eDiscovery task of collection during the pandemic. A skilled workforce and IT infrastructure are the main challenges for remote collection.

Growth Factors

The key factors that are anticipated to drive the expansion of the market are specializing in proactive governance with data analytics and therefore the emergence of latest content sources, growth within the number of litigations across the world, increase in ESI & social media penetration, and ranging structure of regulatory policies. Still, growing chances of cyberattacks and data theft actions during the COVID-19 pandemic and therefore the lack of a talented professional workforce are expected to limit the market growth. Aside from the market, there are a couple of lucrative opportunities for eDiscovery solution providers. The emergence of AI-based analytics for eDiscovery and increased demand for analytical coding to streamline and curtail the document evaluation process are a numeral of the opportunities for the vendors within the eDiscovery market. These prospects are anticipated to present new market growth avenues for eDiscovery vendors.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Component Segment Analysis Preview  

The GDPR and therefore the US privacy laws and alongside the increasing amount of knowledge generation has have resulted in increased pressure on organizations to adopt eDiscovery solutions. Also, the threat of lawsuits for eDiscovery flaws is encouraging organizations to adopt eDiscovery solutions. Advanced analytical capabilities in eDiscovery solutions are offering customers improved and relevant insights from data, especially during the first case assessment phase. Furthermore, to deal with the prevailing systems, eDiscovery vendors are offering solutions with the potential to integrate with a spread of systems and fit any IT environment, thus making it faster, easier and cost-effective to put in and use eDiscovery solutions. The solutions allow easy and efficient implementation of the Electronic Discovery Reference Model that has preservation, identification, collection, processing, review, production, and demonstration of the related data throughout legal cases ensuing in reduced costs, costs, and manual intervention.

End-User Segment Analysis Preview  

Especially large initiatives have an outsized corporate network and lots of revenue streams. Hence, there's a huge amount of knowledge generated by them. Large enterprises are keen to take a position in the latest technologies to efficiently run their businesses. The eDiscovery market structures a stronghold in large enterprises because the process of litigations becomes more complex in large enterprises as compared to SMEs. The prevailing system integration with advanced eDiscovery solutions may be a challenge faced by large and medium enterprises, which now are often easily resolved thanks to the robust integration, training, & support services provided by eDiscovery vendors. These enterprises like better to implement solutions and their associated services on-premises. This deployment type can assist them in increasing their profits and maintaining data confidentiality.

Regional Segment Analysis Preview  

Globally, North America rules the worldwide eDiscovery market. It's likely to retain its supremacy within the future on the rear of got to improve information governance in corporations of all sizes and elevating employment of eDiscovery solutions in civil litigations. On the opposite hand, the Asia Pacific area is probably going to witness the rapid development of the eDiscovery market within the coming years. the event of the eDiscovery market in the Asia Pacific is going to be majorly originating from India, China, Japan, and South Korea.

Key Market Players & Competitive Landscape

The key players profiled in the report include HP Autonomy, IBM Corporation, Daegis Inc., EMC Corporation, Symantec Corporation, Guidance Software Inc., Xerox Corporation, Epiq Systems Inc., FTI Consulting Inc., Navigant Consulting Inc., Integreon Managed Solutions Inc., and Catalyst Repository Systems Inc. amongst others.

The global EDiscovery Market is segmented as follows:

By Component

  • Software
    • On-premise software
    • Off-premise software
  • Services

By End-User

  • Government and Regulatory Agencies
  • Enterprises (Small, Mid and Large-Sized)
  • Law Firms

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Component
        • 2.1.1.2. Market Attractiveness Analysis, By End-User
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global EDiscovery Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 EDiscovery Market – Component Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Component, 2020 & 2028
    • 4.2. Software
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. On-Premise Software
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Off-Premise Software
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Services
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 EDiscovery Market – End-User Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End-User, 2020 & 2028
    • 5.2. Government and Regulatory Agencies
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Enterprises (Small, Mid and Large-Sized)
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Law Firms
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 EDiscovery Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Component, 2016 – 2028
      • 6.2.3. North America Market Revenue, By End-User, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Component, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By End-User, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Component, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By End-User, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Component, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By End-User, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Component, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By End-User, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Component, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By End-User, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Component, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By End-User, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Component, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By End-User, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Component, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By End-User, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Component, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By End-User, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Component, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By End-User, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By End-User, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Component, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By End-User, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Component, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By End-User, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Component, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By End-User, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Component, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By End-User, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Component, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By End-User, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By End-User, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Component, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By End-User, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Component, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By End-User, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Component, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By End-User, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Component, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By End-User, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Component, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By End-User, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Component, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By End-User, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Component, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By End-User, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Component, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By End-User, 2016 – 2028
  • Chapter No. 7: EDiscovery Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global EDiscovery Market: Company Market Share, 2019
      • 8.1.2. Global EDiscovery Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global EDiscovery Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global EDiscovery Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. HP Autonomy
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
    • 9.2 BM Corporation
    • 9.3 Daegis Inc.
    • 9.4 EMC Corporation
    • 9.5 Symantec Corporation
    • 9.6 Guidance Software Inc.
    • 9.7 Xerox Corporation
    • 9.8 Epiq Systems Inc.
    • 9.9 FTI Consulting Inc.
    • 9.10 Navigant Consulting Inc.
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By End-User
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global EDiscovery Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Component, 2020 & 2028 
FIG NO. 7. Global EDiscovery Market for Software, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of EDiscovery Market for Software, By Country, 2020 & 2028
FIG NO. 9. Global EDiscovery Market for On-Premise Software, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of EDiscovery Market for On-Premise Software, By Country, 2020 & 2028
FIG NO. 11. Global EDiscovery Market for Off-Premise Software, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of EDiscovery Market for Off-Premise Software, By Country, 2020 & 2028
FIG NO. 13. Global EDiscovery Market for Services, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of EDiscovery Market for Services, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By End-User, 2020 & 2028
FIG NO. 16. Global EDiscovery Market for Government and Regulatory Agencies, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of EDiscovery Market for Government and Regulatory Agencies, By Country, 2020 & 2028 
FIG NO. 18. Global EDiscovery Market for Enterprises (Small, Mid and Large-Sized), Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of EDiscovery Market for Enterprises (Small, Mid and Large-Sized), By Country, 2020 & 2028
FIG NO. 20. Global EDiscovery Market for Law Firms, Revenue (USD Billion) 2016 – 2028 
FIG NO. 21. Comparative Revenue Analysis of EDiscovery Market for Law Firms, By Country, 2020 & 2028
FIG NO. 22. Global EDiscovery Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America EDiscovery Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 24. Porter’s Five Forces Analysis for Global EDiscovery Market
FIG NO. 25. PEST Analysis for Global EDiscovery Market
FIG NO. 26. Pricing Analysis for Global EDiscovery Market
FIG NO. 27. Value Chain Analysis for Global EDiscovery Market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Royal DSM Company Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Royal DSM  Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology


List of Tables 

TABLE NO. 1. Global EDiscovery Market: Snapshot
TABLE NO. 2. Quarterly EDiscovery Market Revenue by Region, 2020
TABLE NO. 3. Quarterly EDiscovery Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global EDiscovery Market for Software, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global EDiscovery Market for On-Premise Software, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global EDiscovery Market for Off-Premise Software, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global EDiscovery Market for Services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global EDiscovery Market for Government and Regulatory Agencies, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11 Global EDiscovery Market for Enterprises (Small, Mid and Large-Sized), by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global EDiscovery Market for Law Firms, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13 Global EDiscovery Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America EDiscovery Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America EDiscovery Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America EDiscovery Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. EDiscovery Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. EDiscovery Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada EDiscovery Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada EDiscovery Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico EDiscovery Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico EDiscovery Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 23. Drivers for the EDiscovery Market: Impact Analysis
TABLE NO. 24. Restraints for the EDiscovery Market: Impact Analysis
TABLE NO. 25. Major Buyers of Aquaculture
TABLE NO. 26. Distributors/Traders List of Aquaculture
TABLE NO. 27. Global EDiscovery Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 28: Global EDiscovery Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global eDiscovery market. Zion Research has collected and analyzed key data belong to the global eDiscovery market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of eDiscovery across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the eDiscovery industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the eDiscovery market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

eDiscovery is defined as a set of processes for the identification, preservation, collection, processing, review, analysis and production of electronically stored information (ESI). eDiscovery is usually done in the condition of criminal litigation procedures and for government investigations. eDiscovery documents can be produced in the form of photos, video, databases, and other file types. ESI is stored across an extensive range of corporate sources which may encompass databases, websites, and file stores, in addition to individual devices such as computers, smartphone, and laptops.

The eDiscovery market is mainly driven by the increasing age group ratio and volume of electronically stored information (ESI) per year. The increasing use of eDiscovery solutions in government and leading agencies for investigation process is also expected to positively impact market growth. Additionally, increasing acceptance of predictive coding, growing danger mitigation activities in organizations, increase in litigation, need for proactive solutions and growth of record management across various trades are some of the important factors driving the growth of the eDiscovery market. Apart from this robust growth in smartphones market and increasing use of social media networking sites such as LinkedIn, Instagram, and Facebook is also expected to fuel the growth of the eDiscovery market in the years to come. However, nonfavorable government policies and the high cost of eDiscovery is expected to limit the growth of this industry to some extent.

Global eDiscoveryn Market

The eDiscovery market is segmented on the basis of components such as software and services. eDiscovery software market can be further classified as on-premise software & off-premise software. eDiscovery services were the leading segment of the eDiscovery market and accounted for 47.56% of the total revenue generated by the eDiscovery market in 2015. eDiscovery software segment was dominated by on-premise software in 2015. On-premise software segment held 51.08% share of the global eDiscovery software market in 2015. However, the off-premise segment is expected to be the fastest growing segment during the forecast period. Growing demand for cloud computing and growing volume of digitally stored data are some of the key factors driving the off-premise software market segment. 

On the basis of end-users, the eDiscovery market is segmented as government and regulatory agencies, enterprises (small, mid and large-sized), law firms. Government and regulatory agencies dominated the global eDiscovery market in 2015 and accounted for 50.54% share of the total revenue generated in 2015. However, enterprise segment is estimated to exhibit rapid growth during the forecast period owing to increasing adoption of eDiscovery solutions in small as well as large companies across the world. 

North America dominated the global eDiscovery market in 2015. It is expected to retain its dominance during the forecast period due to increasing use of eDiscovery solutions in civil litigations and need to improve information governance in corporations of all sizes. However, the Asia-Pacific region is expected to witness the rapid growth of the eDiscovery market in the years to come. The growth of eDiscovery market in Asia Pacific will be mainly stemmed from China, India, South Korea and Japan.  

Some of the key players operating in the global eDiscovery market include HP Autonomy, IBM Corporation, Daegis Inc., EMC Corporation, Symantec Corporation, Guidance Software Inc., Xerox Corporation, Epiq Systems Inc., FTI Consulting Inc., Navigant Consulting Inc., Integreon Managed Solutions Inc., and Catalyst Repository Systems Inc.

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FrequentlyAsked Questions

The global EDiscovery Market was valued at USD 16017. 8 Million in 2020.

The global EDiscovery Market is expected to reach USD 32942.9 Million by 2028, growing at a CAGR of 9.5% between 2021 to 2028.

Adoption of digital technologies across all verticals along with an increase in internet usage driven by the social network phenomenon is expected to have a positive impact on the demand.

North America is the largest market for electronic discovery solutions in the world. Out of all the 50 states in the country, 49 states have already enacted e-discovery rules. 

Key manufacturers included in the study are  HP Autonomy, IBM Corporation, Daegis Inc., EMC Corporation, Symantec Corporation, Guidance Software Inc., Xerox Corporation, Epiq Systems Inc., FTI Consulting Inc., Navigant Consulting Inc., Integreon Managed Solutions Inc., and Catalyst Repository Systems Inc. amongst others.

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