Press release
eDiscovery Market Revenue and Demand by 2023; Key Players - IBM, Guidance Software, Xerox, KrolLDiscovery, Relativity and Dell EMC
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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.
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. 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.
Some of the major players prevailing in this industry include IBM Corporation, FTI Technology LLC, Guidance Software, Inc., Xerox Corporation, KrolLDiscovery LLC, Relativity, LexisNexis, Symantec Corporation and Dell EMC.
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eDiscovery Market Segmentation
By Component
• Software
• Service
o Managed
o Professional
By Solution
• Legal Hold
• Early Case Assessment
• Data Processing
• Technology Assisted Review
• Data Production
By Deployment Type
• On-Premise
• Cloud
By Industry Vertical
• Government
• Legal
• BFSI
• Energy & Utilities
• Healthcare
• IT & Telecom
• Media & Entertainment
• Others
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.
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