openPR Logo
Press release

eDiscovery Market Will Reach $19.8 Billion by 2023; eDiscovery Market Opportunities and Demand Forecast to 2023

09-04-2018 12:36 AM CET | IT, New Media & Software

Press release from: P&S Intelligence

eDiscovery Market Will Reach $19.8 Billion by 2023; eDiscovery Market Opportunities and Demand Forecast to 2023

The global eDiscovery market will reach $19.8 billion by 2023 and is growing in double digit during 2018 – 2023. On the basis of component, the eDiscovery market is categorized into software and services, where the market for services contributed a larger revenue. The market for services will reach $13.0 million by 2023. growing at a CAGR of above 10% during the forecast period.

Request for a free sample copy of this research report @ www.psmarketresearch.com/market-analysis/ediscovery-marke...

Factors responsible for the growth of service market include the gigantic progress in electronically stored information (ESI) and increase in the number of litigation cases. Further, the continuous thrust on bringing down functional costs of legal departments, stringent necessities to comply with rules and regulations, and raised usage of mobile devices have been the driving force behind the eDiscovery market growth.

Emergence of new tools has been revolutionizing the complete process of eDiscovery review, from the past few years. The new technology tools rely on a process called predictive coding, which is a cultured statistical algorithm that categorizes the attributes of relevant and irrelevant documents, during the review of a small subset of documents. Such solutions are completely revolutionizing the eDiscovery industry.

Geographically, North America has been the largest eDiscovery market, accounting for more than 65% of the global revenue, whereas the sales in Asia-Pacific are expected to witness the fastest growth, during the forecast period. Various factors that have influenced the eDiscovery market in North America in the recent past include change in policies after the election of Donald Trump as the President, high-paced technological advancements, and various other policy changes related to antitrust law. The growth in Asia-Pacific market will be led by factors such as surge in digitalization within the legal sector, advancement in new data analytics and retrieving technologies by regional players, and the growth in investment in eDiscovery solutions.

Explore report description @ www.psmarketresearch.com/market-analysis/ediscovery-market

The global eDiscovery industry had a fragmented structure, where IBM, Dell EMC, and Symantec were the leading contenders. The other major companies operating in the market include HP, FTI Consulting and KrolLDiscovery. There are large number of players in this market, who are fighting to expand their market share. The industry is also witnessing number of acquisitions, where the major acquirers have been Dell, L Discovery and OpenText.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release eDiscovery Market Will Reach $19.8 Billion by 2023; eDiscovery Market Opportunities and Demand Forecast to 2023 here

News-ID: 1217545 • Views: 936

More Releases from P&S Intelligence

What’s Driving the U.A.E. HVAC Market Growth? | Key Players: Daikin Industries …
U.A.E. HVAC market is expected to reach $1.4 billion by 2024, registering a CAGR of 6.4%, during the forecast period. The growth in the market can be attributed to rising investments in the tourism-related projects, commercial infrastructure, and development in the overall transportation sector. Request to get the sample pages of report: https://www.psmarketresearch.com/market-analysis/uae-hvac-market/report-sample Based on cooling type, U.A.E. HVAC market has been segmented into room air conditioner (RAC), split units, variable
What’s Driving the Chiller Market Growth? | Johnson Controls, Samsung Electron …
Global chiller market is expected to reach $9.5 billion by 2024, citing a CAGR of 4.9% during the forecast period. The market is predominantly driven by a rising number of construction projects coupled with the growing demand for cooling equipment in industrial applications. Request Sample Copy of Report :: https://www.psmarketresearch.com/market-analysis/chiller-market/report-sample Smart connected chillers incorporate remote monitoring and cloud-based analysis tools, that enable service providers to gather data from equipment, analyze it and
What’s driving the Data Science Platform Market Trends? Major Vendors are Micr …
According to a new market research report “Global Data Science Platform Market Size, Share, Development, Growth and Demand Forecast to 2023- Industry Insights by Business Function (Logistics, Marketing, Sales, Customer Support, Human Resource, and Others), by Deployment Type (On-Premise, On-Demand), by Industry Vertical (BFSI, Health and Life Sciences, IT and Telecom, Retail and Consumer Goods, Media and Entertainment, Transportation and Logistics, and Others) by Geography (North America, Europe, Asia-Pacific, Middle-East
What's driving the Tissue Diagnostics Market Size? | Top Key Players are Sigma-A …
The global tissue diagnostics market is growing significantly due to increasing prevalence of cancer, and technological advancements in tissue diagnostics. Massive unexplored tissue diagnostics market in emerging economies and lack of efficient diagnostic procedures are creating ample opportunities for the global tissue diagnostics market to grow at a considerable rate in the coming years. The advanced research and development facilities and increasing investment by large pharmaceutical companies in small tissue

All 3512 Releases


More Releases for Discovery

Biologics Drug Discovery Market
2019-2025 Biologics Drug Discovery Market Report with Depth Analysis The biologics drug discovery involves target identification, hit-to-lead stage, lead identification and optimization. The report presents a comprehensive overview, market size, shares, and growth opportunities of Biologics Drug Discovery market by product type, application, key manufacturers and key regions. Request For Free report Sample -https://www.reportsmonitor.com/request_sample/306320 Scope of the Report: Furthermore, Biologics Drug Discovery Market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers or
“SPARKing" New Antibiotic Drug Discovery
Kathy Talkington, Project Director from Pew Charitable Trusts, will discuss the "Shared Platform for Antibiotic Research and Knowledge" when she presents a keynote on "SPARKing" new antibiotic drug discovery at SMi’s 20th annual conference on Superbugs and Superdrugs next March in Central London. With a background in managing and developing immunization and infectious disease programs and policies, Kathy Talkington is currently responsible for Pew’s work on antibiotics. Pew seeks to address
Business App Discovery Engine
London, UK: Evercloud.co is a business app discovery platform dedicated to helping startups and SME owners find the most popular and trusted enterprise apps. The website features a curated list of B2B SaaS products in a number of different business categories, such as Marketing, Sales, Finance, and Project Management, amongst others. It’s the perfect solution for business professionals seeking out the very best tools from the tens of thousands available
A JOURNEY OF SELF-DISCOVERY
A wrongfully-accused man learns what he’s truly capable of in “On the Run” Izai Amorim’s upcoming novel, On the Run, offers an intriguing look into conflicting worlds: rich and poor, North and Latin America, rational and esoteric, and how these worlds mix, match and clash. Pablo is a young, educated, rich man in New York City who sees his entire life turn around when he’s accused of crimes he didn’t
Hive - Music Discovery App Launches Major Updates
Since the launch of Hive in the App Store in April, the app has helped artists reach over 6,000 new listeners each week, with over 20% of songs being added to listeners' personal playlists for future listening. Based on the feedback received from Hive's users, some exciting changes have been made to improve their experience as well as improve the company’s ability to help early-stage artists connect with the right
Discovery Vacation Rentals
At this time of year, many of us are starting to think about our next vacation. Indeed, many of us are thinking in terms of a winter break somewhere, whether we are seeking winter sunshine or winter sports. Increasingly it seems we are considering vacation rentals rather than the more traditional hotel based escapes. There are, of course, many reasons for this. For example families will find much more space and