Press release
EDiscovery Global Market By Component, By Organization Size, Deployment Model, By Vertical, By Regional Outlook And Forecast, 2022-2031 | Casepoint LLC, CloudNine, CS Disco Inc, Driven Inc, Epiq Systems Inc
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The global ediscovery market report by the business research company identifies the increasing amount of electronically stored information is expected to drive the demand for the eDiscovery market going forward. Data that is generated, updated, sent, and stored digitally is referred to as electronically stored information (ESI). In the recent past, growing digitization has seen an explosion in electronically stored information. The amount, formats and sources of electronically stored information that needs to be recorded are becoming more diverse. eDiscovery tools are used to perform digital investigation tasks for electronically stored data. Also, helps in exchanging evidence in a legal case or investigation directly through the database. For instance, according to Forbes, a US-based business magazine, in 2020 the amount of data created, captured, copied, and consumed in the world has reached 59 trillion gigabytes. Furthermore, according to data by Logikcull, a US-based company offering legal the ediscovery software solution, 2.5 exabytes of data are created every day. Therefore, the increasing amount of electronically stored information is driving the growth of the eDiscovery market.
The global ediscovery market is expected to grow from $12.09 billion in 2021 to $13.18 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The ediscovery market is expected to grow to $17.86 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%.
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North America was the largest region in the ediscovery market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ediscovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the ediscovery market are Casepoint LLC, CloudNine, Commvault Systems Inc, Conduent Incorporated, CS Disco Inc, Driven Inc, Epiq Systems Inc, Exterro Inc, Fronteo Inc, Reveal Data Corporation, International Business Machines Corporation, Ipro Tech LLC, Knovos LLC, Lighthouse eDiscovery Inc, Catalyst Repository Systems, Consilio LLC, Everlaw Inc, Guidance Software Inc and ONE Discovery Inc.
The global ediscovery' market is segmented -
1) By Component: Solutions, Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SEMs)
3) By Deployment Type: On-Premises, Cloud-Based, Hybrid
4) By End-User Vertical: BFSI, Retail Sector, Healthcare, Manufacturing, IT And Telecommunication, Government, Energy and Utility, Others End Users
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The Ediscovery Market Report Contents Include
1. Executive Summary
2. eDiscovery Market Characteristics
3. eDiscovery Market Trends And Strategies
4. eDiscovery Market - Macro Economic Scenario
5. eDiscovery Market Size And Growth
.....
26. Africa eDiscovery Market
27. eDiscovery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The eDiscovery Market
29. eDiscovery Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the ediscovery market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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