Press release
eDiscovery Market is expected to exceed US$ 22400 million by the end of the 2021 |Worldwide Key Companies – Symantec, IBM, Xerox, Exterro, EMC, Epiq Systems, HPE, Access data
Global EDiscovery Market Report 2018 explores future trends for supply, demand and market growth rate, market size, prices, trading, competition and value chain as well as Key Players of the industry’s information with forecast from 2018 to 2021.Global eDiscovery Market Overview:
According to Market Analyst, Global eDiscovery Market is projected to grow at a healthy growth rate from 2018 to 2021.
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With the slowdown in world economic growth, the eDiscovery industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, eDiscovery market size to maintain the average annual growth rate of 15.22% from 8510 million $ in 2013 to 13020 million $ in 2016, According to Market Analyst in the next few years, eDiscovery market size will be further expanded by 2021 , The market size of the eDiscovery will reach 22400 million $.
The tremendous use of social media has created huge growth opportunity for the eDiscovery services and platforms. Nowadays most of the companies are making use of various social media sites such as Twitter, Facebook, and other to expand their online presence that have also created the need for eDiscovery services. With the increasing adoption rate of IoT and big data among enterprises, the eDiscovery market is expected to gain major traction during the forecast period.
EDiscovery Market Segmented on the Basis of the components, by Deployment Type, by Organizational Size, by Vertical and by Region. On the Basis of component, Market is sub segmented into Software and Services. The demand for eDiscovery services is expected to increase due to their significant benefits that include huge cost savings, trained resources, 24X7 availability of customer service, and support for legal research using eDiscovery software.
Furthermore, On the Basis of Deployment Type, Market is sub segmented On-premises and Cloud. on-premises deployment type segment hold the largest share and dominate the EDiscoverys market during Forecast Period. Based on Organizational Size, Market is sub segmented into Small and Medium-sized Enterprises (SMEs) and Large enterprises. The growing demand for the security of legal data during the process of legal cases is expected to increase the demand for eDiscovery software among large enterprises. Based on Vertical, Market further segmented into Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Healthcare and Life Sciences, Legal, IT and Telecommunications, Energy and Utilities. the government and public sector vertical is estimated to hold the largest market size.
Regionally, North America is estimated to hold the largest market size in the global eDiscovery market in 2018, while Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period.
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The Market is segmented and projected on the basis of major key player’s:
1 Symantec Corporation
2 IBM
3 Xerox Legal Business Services
4 Exterro
5 EMC
6 Epiq Systems
7 HPE
8 Kcura Corporation
9 Accessdata
10 FTI Technology
11 Deloitte and More………..
The Market is segmented and projected on the basis of major Region Segmentation
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Key Questions Answered in this Report:
1 What will the market size be in 2021?
2 What is driving this market??
3 What are the challenges to market growth?
4 Who are the key players in EDiscovery Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 eDiscovery Product Definition
2 Global eDiscovery Market Manufacturer Share and Market Overview
3 Manufacturer eDiscovery Business Introduction
4 Global eDiscovery Market Segmentation (Region Level)
5 Global eDiscovery Market Segmentation (Product Type Level)
6 Global eDiscovery Market Segmentation (Industry Level)
7 Global eDiscovery Market Segmentation (Channel Level)
8 eDiscovery Market Forecast 2017-2021
9 eDiscovery Segmentation Product Type
10 eDiscovery Segmentation Industry
11 eDiscovery Cost of Production Analysis
12 Conclusion
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