Press release
eDiscovery Market: Strong Growth In Market Size Marked By Technological Advancements and Increasing Use of Blockchain Technology
eDiscovery Market
What Is The Projected Market Size Of The Global eDiscovery Market And Its Growth Rate?
The global eDiscovery market has shown significant growth over the recent years and is forecasted to continue this uptrend.
• The market stood at $14.27 billion in 2024.
• It's projected to grow to $15.14 billion in 2025 at a CAGR of 6.1%.
• Rapid growth to $22.5 billion is forecasted in 2029 at a CAGR of 10.4%.
These growth rates can be attributed to the increased volume of electronic data, cybersecurity threats and incidents, legal and regulatory investigations, and the need for efficient and cost-effective eDiscovery solutions.
What Is Driving The Growth In The eDiscovery Market?
The uptick in the volume of electronically stored information is a significant driver fueling growth in the eDiscovery market. Growing digitization has led to an exponential increase in electronically stored information, generating various formats and sources of data requiring investigation and recording. eDiscovery tools aid in performing digital investigation tasks for electronically stored data and aid in exchanging evidence in a legal case or investigation.
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Who Are the Key Players Driving eDiscovery Market Growth?
• Casepoint LLC
• CloudNine Discovery Services Inc.
• Commvault Systems Inc.
• Conduent Incorporated
• Conduent Inc.
• International Business Machines Corporation
• Microsoft Corporation
• KLDiscovery Inc.
• Deloitte Touche Tohmatsu Limited
• Epiq Systems LLC
• Exterro Inc.
• FTI Consulting Inc.
• Open Text Corporation.
• Zapproved Inc.
• Logikcull Inc.
• Everlaw Inc.
• Veritas Technologies LLC
• ZyLAB Technologies LLC
• Consilio LLC
• ONE Discovery
• Absolute Software Corporation
• Amazon Web Services Inc.
• Iron Mountain Incorporated
• Micro Focus International plc
What Are The Key Trends In The eDiscovery Market?
Key trends in the eDiscovery market include:
• Adoption of technology-assisted review in eDiscovery.
• Integration of analytics and predictive coding in eDiscovery.
• Emphasis on data privacy and protection.
• Rise of remote and mobile eDiscovery solutions.
• Evolution of technology-driven eDiscovery workflows.
What Are The Segments Of The Global eDiscovery Market?
The eDiscovery market covers the following segments -
• By Component: Solutions, Services
• By Organization Size: Large Enterprises, Small And Medium Enterprises (SEMs)
• By Deployment Type: On-Premises, Cloud-Based, Hybrid
• By End-User Vertical: BFSI, Retail Sector, Healthcare, Manufacturing, IT And Telecommunication, Government, Energy and Utility, Other End Users
Which Region Leads The eDiscovery Market?
North America held the largest share in the eDiscovery market in 2024. However, Asia-Pacific is anticipated to show the fastest growth rate in the forecast period. The eDiscovery market report presents a comprehensive view of other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
https://www.thebusinessresearchcompany.com/report/ediscovery-global-market-report
What Is Covered In The eDiscovery Market Global Market Report?
- Market Size Analysis: Analyze the eDiscovery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the eDiscovery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall eDiscovery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the eDiscovery Market .
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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