e-Discovery Market Booming the Industries by Ravisisng keyplayers | Xerox Corporation, Hewlett Packard Enterprise, EMC Corporation, Daegis Inc., Autonomy Corporation PLC, Guidance Software, Inc., FTI Consulting, Inc., Symantec Corporation

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.
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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.

On the basis of deployment type, the cloud segment is expected to grow, exhibiting highest CAGR during the forecasted period

On the basis of deployment type, the cloud segment is expected to exhibit the highest CAGR during the forecasted period. Increasing adoption of cloud-based solution and services by enterprisers, in turn is expected to increase the cloud traffic. This in turn, is expected to drive growth of the cloud segment during the forecasted period. For instance, according to the CISCO analysis, in 2016, the cloud traffic was recorded at 6.0 ZB, which is projected to reach up to 19.5 ZB by 2021.

Global e-Discovery Market: Regional Insights

North America held a dominant position in the global e-Discovery market in 2017, and is expected to retain its dominance throughout the forecast period. Various organizations in the region are shifting their workload to cloud-based platforms, in turn, driving growth of the market in the region. For instance, according to CISCO analysis, in 2015, in North America, the cloud traffic was 1891 EB and is estimated to reach 6844 EB by 2020.

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Global e-Discovery Market: Competitive Landscape

Major players operating in e-Discovery market include 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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This release was published on openPR.