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eDiscovery Market CAGR of 10.9% - Global Opportunity Analysis, Industry Forecast 2018-2025 and Key Palyers: Symantec Corporation, IBM, Exterro, EMC etc.
eDiscovery Market
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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.
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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 2017, 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 2018-2025.
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This report focuses on the global top players, covered
- 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
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