E-Discovery Industry accounted to USD XX.XX million in 2017 growing at a CAGR of XX.XX% during the forecast period of 2018 to 2025, Globally. E-Discovery market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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E-discovery or electronic discovery has its wide application in government, legal sector, banking, financial services, and insurance, energy and utilities, healthcare, travel and hospitality, transportation and logistics, it and telecom, media and entertainment, and others. It is a process in which electronic data is brought , located or searched with the intention of using it as a civil evidence or in any legal proceedings. It can also work offline on a particular computer. The report also measures technology life line curve and market time line to analyze and do more affective investments. Some of the major players of the global e-discovery market are
- Xerox Corporation
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- FTI Consulting, Inc.
- Guidance Software, Inc.
- kCura, LLC
- AccessData
- OpenText Corp
- ZyLAB
- Exterro, Inc.
- Nuix
- Logikcull
- Swiftype, Inc.
- Cicayda
- Ipro Tech, LLC
Others are Sherpa Software, Safelink, Zapproved LLC., E-STET, CloudNine, NextPoint, Inc., SysTools, DFLABS SPA, experdocs, Docket Alarm, Inc., LexisNexis., Algolia and others. The report for global e-discovery market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
- Growing litigations globally and stringent policy and compliance regulations worldwide may act as the major driver in the growth of global e-discovery market.
- On the other hand high costing involved in solutions and services may hamper the market.
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- The global e-discovery market is segmented on the basis of solution into
- Legal hold
- Early case assessment
- Data processing
- Technology assisted review
- Data production
- On the basis of deployment model, the global e-discovery market is segmented into
- On-premises
- Cloud
- On the basis of service type, the global e-discovery market is segmented into
- Consulting
- Implementation
- Training and support
- Managed services
- On the basis of vertical, the global e-discovery market is segmented into
- Government
- Legal sector
- Banking, financial services, and insurance
- Energy and utilities
- Healthcare
- Travel and hospitality
- Transportation and logistics
- It and telecom
- Media and entertainment
- Others
- On the basis of geography, the global e-discovery market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
- North America is expected to dominate the market.
Major Market Drivers & Restraints:
- Emphasizing on reducing the operational budgets of legal departments
- Growing litigations globally
- Stringent policy and compliance regulations worldwide
- Increased use of mobile devices
- High costing involved in solutions and services
- Contradiction between data protection and global e-discovery
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