eDiscovery Market Trends 2022 | Growth, Share, Size, Demand and Future Scope 2027

According to IMARC Group's latest report, titled "eDiscovery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," Offers a comprehensive analysis of the industry, which comprises insights on ediscovery market.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The global eDiscovery market reached a value of US$ 11.4 Billion in 2021. The process of identifying, gathering, and presenting electronically stored information (ESI) as evidence for legal investigations is known as electronic discovery, or eDiscovery. Emails, documents, presentations, voicemail, audio, video files, databases, social media, and websites are the typical components. In order to find concealed evidence, forensic investigators also examine raw data and metadata. It is employed for pattern recognition and analytical research necessary for legal, constitutional, political, and privacy investigation.

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Market Trends

One of the key drivers of the market's growth is the significant expansion of the information and technology (IT) sector, which is being fueled by quick digitalization and rising IoT device adoption. A further factor boosting the demand for eDiscovery to access and recover information traces is the growing adoption of cloud computing systems, which has considerably boosted the generation of digital data. Additionally, a number of businesses are implementing cutting-edge technologies to optimise their processes and cut costs, which is having a beneficial impact on the industry. The market is also expected to be driven by rising instances of offences including tax fraud and money laundering. The eDiscovery industry is expected to be driven by tax fraud in the upcoming year. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2027, exhibiting at a CAGR of 8.49% during 2022-2027.

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List of Key Companies Covered in this Market Report:

Accessdata Group Inc.
Commvault Systems Inc.
Conduent Incorporated
Driven Inc. (Xplenty)
Fronteo Inc. (Formerly UBIC)
FTI Consulting
International Business Machines Corporation
Logikcull
Micro Focus International Plc
Nuix Pty Ltd. (Macquarie Group)
Open Text Corporation
Veritas Technologies LLC (The Carlyle Group)
ZyLAB Technologies

The report has segmented the market on the basis of component, deployment type, end-user, vertical and geography

Breakup by Component:

Services
Software

Breakup by Deployment Type:

On-premises
Cloud-based
Hybrid
Breakup by End-User:

Government Agencies
Enterprises
Law Firms

Breakup by Vertical:

BFSI
Retail and Consumer Goods
Manufacturing
Legal
IT and Telecommunication
Government
Energy and Utilities
Healthcare and Life Science
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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