Global eDiscovery Market Size, Status and Forecast 2019-2025
Electronic discovery (sometimes known as e-discovery, ediscovery, eDiscovery, or e-Discovery) is the electronic aspect of identifying, collecting and producing electronically stored information (ESI) in response to a request for production in a law suit or investigation.
The growth of the eDiscovery technologies market is also driven by factors, such as an increasing litigation in the Attorneys and Legal Supervisor and enterprise industry. However, factors such as high investment andinstallation cost are hindering the growth of this market.
E-discovery is becoming an increasingly important consideration for almost all organizations as a result of the enormous number of civil cases filed each year, the growing proportion of business records that are stored electronically, new statutes at all levels of government focused on electronically-stored information, and a growing body of court rulings that are making the discovery and presentation of electronic data more important.
In order to satisfy e-discovery obligations, organizations should be fully aware of their current and reasonably anticipated information retention obligations, become much more proactive about how they retain and manage data, implement appropriate technology that can archive data and allow legal holds to be implemented easily, and take the other steps necessary to minimize the risks of non-compliance with e-discovery obligations.
Increased litigation and regulation coupled with expanding use cases for eDiscovery software will continue to drive moderate growth in the worldwide eDiscovery market. The data solution market, however, is maturing rapidly as buyers search for automation to solve well-defined problems. To meet maturing needs, eDiscovery Solution and service providers are already creating robust strategies to use existing search and analytics competencies to compete in the white hot content analytics and cognitive solution markets.
In 2018, the global eDiscovery market size was 14500 million US$ and it is expected to reach 33400 million US$ by the end of 2025, with a CAGR of 10.9% during 2019-2025.
This report focuses on the global eDiscovery status, future forecast, growth opportunity, key market and key players. The study objectives are to present the eDiscovery development in United States, Europe and China.
The key players covered in this study
Symantec Corporation
IBM
Xerox Legal Business Services
Exterro
EMC
Epiq Systems
HPE
Kcura Corporation
Accessdata
FTI Technology
Deloitte
Advanced Discovery
DTI
Consilio
Kroll Ontrack
Zylab
Guidance Software
Integreon
KPMG
FRONTEO
Recommind
Veritas
Navigant
PwC
Ricoh
UnitedLex
LDiscovery
Lighthouse eDiscovery
Thomson Reuters
iCONECT Development
Market segment by Type, the product can be split into
ECA
Processing
Review
Forensic Data Collection
Legal Hold Management
Other
Market segment by Application, split into
Attorneys and Legal Supervisors
Government and Regulatory Agencies
Legal and IT Departments of Enterprises
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global eDiscovery status, future forecast, growth opportunity, key market and key players.
To present the eDiscovery development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of eDiscovery are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
The growth of the eDiscovery technologies market is also driven by factors, such as an increasing litigation in the Attorneys and Legal Supervisor and enterprise industry. However, factors such as high investment andinstallation cost are hindering the growth of this market.
E-discovery is becoming an increasingly important consideration for almost all organizations as a result of the enormous number of civil cases filed each year, the growing proportion of business records that are stored electronically, new statutes at all levels of government focused on electronically-stored information, and a growing body of court rulings that are making the discovery and presentation of electronic data more important.
In order to satisfy e-discovery obligations, organizations should be fully aware of their current and reasonably anticipated information retention obligations, become much more proactive about how they retain and manage data, implement appropriate technology that can archive data and allow legal holds to be implemented easily, and take the other steps necessary to minimize the risks of non-compliance with e-discovery obligations.
Increased litigation and regulation coupled with expanding use cases for eDiscovery software will continue to drive moderate growth in the worldwide eDiscovery market. The data solution market, however, is maturing rapidly as buyers search for automation to solve well-defined problems. To meet maturing needs, eDiscovery Solution and service providers are already creating robust strategies to use existing search and analytics competencies to compete in the white hot content analytics and cognitive solution markets.
In 2018, the global eDiscovery market size was 14500 million US$ and it is expected to reach 33400 million US$ by the end of 2025, with a CAGR of 10.9% during 2019-2025.
This report focuses on the global eDiscovery status, future forecast, growth opportunity, key market and key players. The study objectives are to present the eDiscovery development in United States, Europe and China.
The key players covered in this study
Symantec Corporation
IBM
Xerox Legal Business Services
Exterro
EMC
Epiq Systems
HPE
Kcura Corporation
Accessdata
FTI Technology
Deloitte
Advanced Discovery
DTI
Consilio
Kroll Ontrack
Zylab
Guidance Software
Integreon
KPMG
FRONTEO
Recommind
Veritas
Navigant
PwC
Ricoh
UnitedLex
LDiscovery
Lighthouse eDiscovery
Thomson Reuters
iCONECT Development
Market segment by Type, the product can be split into
ECA
Processing
Review
Forensic Data Collection
Legal Hold Management
Other
Market segment by Application, split into
Attorneys and Legal Supervisors
Government and Regulatory Agencies
Legal and IT Departments of Enterprises
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global eDiscovery status, future forecast, growth opportunity, key market and key players.
To present the eDiscovery development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of eDiscovery are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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