Press release
E-Discovery Industry Will Be Fiercely Competitive in 2026
e-Discovery is the process of searching, locating, and securing electronic data in order to use as evidence in civil or criminal legal cases. e-Discovery performs its operation both offline and online. Increasing demand for reduced litigation costs of organizations is influencing legal teams in these organizations to adopt e-discovery solutions. e-Discovery solutions help construct laws for effective use and maintenance of resources available to employees, in turn, reducing costs of hardware and maintenance and, thus improving overall operational efficiency of the organisation. This in turn, is boosting growth of the e-Discovery market Size.Download PDF Copy of this Business Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1738
Increasing generation of ESI data is one of the major factors driving growth of the market
The increasing volume of ESI (Electronically Stored Information) data is one of the major factors driving growth of the market. Organizations are generating ESI data in the form of e-mails, instant messages, word processing documents, spreadsheets, shared drive data, business applications data, voice data, media files, voice recordings, data on cloud, and virtual environment among others unstructured data. For instance, according to International Data Group, unstructured data is growing at the rate of 62% per year and 93% of all data is expected to be unstructured by 2022. This growth is expected due to increasing number of organisations generating, creating, storing, and transferring data throughout the organization electronically. This in turn, is expected to increase the demand for e-Discovery solutions to help organizations meet regulatory requirements, meet records retention obligations, prepare and respond to litigations, and investigate into policy violations. This is thus expected to boost growth of the e-Discovery market.
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Key Vendors of E-Discovery Market: Xerox Corporation, Hewlett Packard Enterprise, EMC Corporation, Daegis Inc., Autonomy Corporation PLC, Guidance Software, Inc., FTI Consulting, Inc., Symantec Corporation, and Integron Managed Solutions. The major players are adopting partnership strategies in order to gain a competitive edge in the market.
Global e-Discovery Market Outlook: Taxonomy
By Solutions
Legal Hold
Early Case Assessment
Data Processing
Technology Assisted Review
Data Production
By Deployment Type
Cloud
On-premises
By Service Type
Consulting
Implementation
Training and Support
Managed Services
By Verticals
Government
Banking, Financial Services, and Insurance
Energy and Utilities
Healthcare
Travel and Tourism
IT and Telecom
Media and Entertainment
Others
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East
Africa
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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