eDiscovery Market Revenues to Reach US$ 8,315.1 Mn in 2016
While increasing number of litigations will continue to drive adoption, increased emphasis among end-users on adhering to the ever-evolving compliances will further the growth of the eDiscovery market in 2016. Increasing awareness on the benefits of eDiscovery among organisations in emerging economies will create new growth opportunities for manufacturers.
The global eDiscovery market can be broadly segmented on the basis of components, software type, end-users, and geography.
By components, services segment holds the majority share of the market, and is expected to grow by 15.4% in 2016 to reach US$ 5,653.2 Mn in revenues. Collection, storing, processing, and reviewing data during litigations and investigations are key eDiscovery services witnessing high demand from end-users.
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1671
By software, on-premise segment is expected to grow by 6.1% in 2016, whereas the off-premise segment is anticipated to witness an increase of 22.5%. On-premise segment currently accounts for the majority share of the market; however, on the back of rising demand for cloud computing and increasing volume of digitally stored data are driving the adoption of off-premise eDiscovery software market. Adoption of off-premise eDiscovery software is more pronounced in developed markets of the U.S., U.K, Japan, and South Korea.
Government & regulatory agencies are the largest end-users of eDiscovery software & services. Government & regulatory agencies accounted for a revenue share of 49.4% of the global eDiscovery market in 2015, and this end-use segment is anticipated to witness a year-over-year growth of 13.3% to reach US$ 4,048.4 Mn in revenues in 2016. Adoption of eDiscovery is witnessing an uptick among enterprises, who are relying on it to ensure efficient internal investigation related to corporate and human resource policies. The enterprise segment was valued at US$ 2,958.3 Mn in 2015, and is expected to grow by 16.8% in 2016.
Regionally, North America is anticipated to remain the largest market for eDiscovery solutions, accounting for a revenue share of 54.8% in 2016. Government & regulatory authorities in North America are increasingly preferring eDiscovery solutions over other data solutions for litigations and investigations. Growth of the eDiscovery market in Europe will remain steady in 2016, whereas Asia Pacific will increase at a robust pace. The Asia Pacific eDiscovery market is anticipated to increase at 17.4 % in 2016, with high adoption from enterprises fuelling the growth of the market.
Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1671
Key players in the global eDiscovery market include EMC Corporation, Daegis Inc., Symantec Corporation, IBM Corporation, FTI Consulting Inc., Navigant Consulting Inc., HP Autonomy, Guidance Software Inc., Integreon Managed Solutions Inc., Epiq Systems, Xerox Corporation, and Catalyst Repository Systems Inc.
Long-term Outlook: The global eDiscovery market is expected to increase at a CAGR of 16.5% during the forecast period 2015–2022 and reach US$ 8,315.1 Mn in revenues in 2016. North America will remain the largest market for eDiscovery, whereas Asia Pacific will increase at the fastest rate.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release eDiscovery Market Revenues to Reach US$ 8,315.1 Mn in 2016 here
News-ID: 359411 • Views: 577
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for North
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (clickculture.com), a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif (creationsport.net). The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14