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eDiscovery Market

P&S Market Research-eDiscovery Market report

Global eDiscovery Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: IM10193
Available Format: pdf

The increasing use of eDiscovery resolutions in the regulatory and government agencies, and the rising government regulations, supporting the implementation of eDiscovery solutions in the government organizations and offices, are some of the major factors driving the growth of the global eDiscovery market. Administrations are deploying eDiscovery solutions for effective information governance and internal research. Other factors boosting the global e-discovery market involves, growing risk modification activities in organizations, increasing adoption of predictive coding, growth of record supervision across various industries, and increase in civil hearings and criminal prosecutions.

The global eDiscovery market can be categorized, on the basis of component (deployment type), industry verticals, and by solution. On the basis of deployment type, the global eDiscovery market can be categorized, into software and services deployment. The software deployment sector can be further divided into on premises, and off-premises deployment. The services deployment is further divided into consulting, implementation, training and support, and managed services. Based upon industry verticals the global eDiscovery market can be segmented into government, legal sector, banking financial services and insurance (BFSI), energy and utilities, education, travel and hospitability, IT and telecom, media and entertainment, transportation and logistics, and others. Based on solutions, the global eDiscovery market can be categorized as legal hold, early case assessment, data processing, technology assisted review, and data production.

With the increasing acceptance of cloud computing facilities, the off-premise software segment is anticipated to witness extraordinary growth in the global eDiscovery market in the near future. In 2014, the government and regulatory organizations segment dominated the eDiscovery market end-use sectors, and accounted for approximately 50% of the total eDiscovery market revenue. This segment is expected to lead the eDiscovery market over the forecast period, owing to increasing civil proceedings and regulatory inspections. In addition, governments of various countries such as South Africa and Japan are also taking measures to implement eDiscovery development in their organizations and agencies.

In addition, rise of social media in organizations is stimulating the growth of the eDiscovery market. Government agencies, compliance officers, and investigators use eDiscovery solutions to manage the growing regulatory checks and investigations. Moreover, information technology and legal departments in large organizations have augmented the usage of eDiscovery solutions.

Geographically, North America dominates the global eDiscovery market. The growing use of eDiscovery resolutions, especially across law firms and enterprises for early case assessment are responsible for the extraordinary growth of the North American region. Owing to the growth in demand of eDiscovery services and software in offices to encounter regulatory compliances, North America is estimated to remain the major market for eDiscovery resolutions. Increasing regulations across the eDiscovery market and growing industrialization across Asia-Pacific and Europe to reserve digital data for eDiscovery development are expected to influence the growth of the eDiscovery market.

However, high cost associated with facilities such as processing, collection, and review is hampering the growth of the global eDiscovery market.

Hewlett-Packard Development Company, L.P. and Guidance Software Inc. are the major competitors dominating the global eDiscovery market. The competitors in the eDiscovery market are readily focusing, on product acquisition, strategic alliances, and innovations which is helping them to maintain their leading position. Some of the other competitors in the global eDiscovery market are, Daegis Inc., International Business Machines Corporation, EMC Corporation, Epiq Systems, Inc., Navigant Consulting, Inc., FTI Consulting, Inc., Xerox Corporation, Catalyst Repository Systems and INTEGREON INC. 

 

Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of segments, applications, and segments of applications
  • Highlights the competitive scenario of the market, major competitors, and benchmarking
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

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