Press release
eDiscovery Market Worth US$ 20 Billion by 2028 at CAGR of 8.39% | IMARC Group
Electronic discovery (eDiscovery) refers to the process of recognizing, collecting, and presenting electronically stored information (ESI) as evidence for legal investigations. It usually consists of emails, documents, presentations, voicemail, audio, video files, databases, social media, and websites. It also comprises raw data and metadata that forensic investigators review to track hidden evidence. It is used for identifying patterns and conducting analytical research required for legal, constitutional, political investigation, and privacy issues.
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Market Trends
Considerable growth in the information and technology (IT) industry, along with rapid digitization and the increasing utilization of the Internet of Things (IoT)-enabled devices, represents one of the major factors propelling the market growth. Moreover, the widespread adoption of cloud computing systems has significantly increased the generation of digital data, thereby driving the need for eDiscovery to access and recover traces of information. Besides this, various organizations are adopting advanced technologies to streamline their operations and minimize operational costs, which is positively influencing the market. Additionally, increasing incidences of felonies, such as tax fraud and money laundering, are anticipated to drive the market.tax fraud, are also subjected to drive the eDiscovery market in the coming year.
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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 (2017-2022)
Market Outlook (2023- 2028)
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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IMARC Group
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Website: https://www.imarcgroup.com/
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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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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