E-Discovery Market 2020 Business Insights, Growth, Outlook, Solution, Size, Share, Key Players and Forecast to 2026 | Xerox Corporation, Hewlett Packard Enterprise Development LP, IBM Corporation

In this E-Discovery Market research report, industry trends are plotted on macro level which helps clients and the businesses comprehend market place and possible future issues. A profound knowledge of industrial unanimity, market trends and incredible techniques utilized in Global E-Discovery Market report gives client's an upper hand in the market. Comprehensive data and brilliant forecasting techniques used in this report coincide with precision and correctness. Actionable market insights are always very important if seeking to create sustainable and profitable business strategies. Market segmentation is carried out in terms of markets covered, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions.

Global E-Discovery Market is expected to rise from its initial estimated value of USD 12.49 million in 2018 to an estimated value of USD 69.79 million by 2026, registering a CAGR of 24.00% in the forecast period of 2019-2026.

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Professional Key Players:

Xerox Corporation,
Hewlett Packard Enterprise Development LP,
IBM Corporation,
FTI Consulting, Inc.,
OpenText Corp.,
Relativity,
AccessData,
ZyLAB,
Exterro, Inc.,
Nuix,
Logikcull,
Swiftype, Inc.,
Open Text Corporation,
Cicayda,
Ipro Tech, LLC,
Sherpa Software,
Safelink,
Zapproved LLC.,
NextPoint, Inc.,
SysTools,
DFLABS SPA,
Docket Alarm, Inc.,
LexisNexis.,
Algolia
others.

In April 2019, Hewlett Packard Enterprise Development LP and Google Cloud join forces to accelerate innovation with hybrid cloud solutions optimized for containerized applications, This will also deliver 'Everything' as a Service to get a cloud experience everywhere and leverage the speed and agility of clouds, and avoid single cloud lock-in.

In January, 2019, CloudNine announced substantial technology enhancements and updated product names on its discovery software products. The CloudNine product suite now includes CloudNine LAW, CloudNine Concordance, CloudNine Explore, and CloudNine Review.

E-discovery or electronic discovery is a process in which electronic data is brought, located or searched with the intention of using it as a civil evidence or in any legal proceedings. It can also work offline on a particular computer. It has its wide application in government, legal sector, banking, financial services, and insurance, energy and utilities, healthcare, travel and hospitality, transportation and logistics, IT and telecom, media and entertainment, and others. Growing litigations globally and stringent policy and compliance regulations worldwide may act as the major driver in the growth of global e-discovery market. On the other hand high costing involved in solutions and services may hamper the market growth.

Segmentation: Global E-Discovery Market

By Solution

Legal Hold
Early Case Assessment
Data Processing
Technology Assisted Review
Data Production

By Deployment Type

Cloud
On-Premises

By Organisation Size

Large Enterprises
Small and Medium-Sized Enterprises

By Vertical

Government and Public Sector
Legal
Banking, Financial Services, and Insurance
Energy and Utilities
Healthcare and Life Sciences
Retail and Consumer Goods
Manufacturing
IT and Telecommunications
Others

By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Market Drivers:

Proliferation of IoT devices across various verticals and overabundance of stored data
Increase in the number of litigations across the globe
Focus on proactive governance with data analytics and emergence of new content sources

Market Restraints:

Higher cost of eDiscovery platforms and services
Contradiction between data protection and eDiscovery

Competitive Analysis

Global e-discovery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of e-discovery market for global, Europe, North America, Asia-Pacific and South America.

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