Press release
The Growing Demand for eDiscovery in an Era of Expanding Electronically Stored Information : Strategic Insights Driving eDiscovery Market Momentum in 2025
eDiscovery
How Large Will the eDiscovery Market Size By 2025?
The growth of the ediscovery market has been robust in the past few years. The market is slated to witness an upswing from $14.27 billion in 2024 to $15.16 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this historic phase of growth include an upsurge in electronic data volume, incessant growth in cybersecurity threats and incidents, an increase in legal and regulatory probes, a surge in the number of litigations, and the need for cost-effective yet efficient eDiscovery solutions.
How Big Is the eDiscovery Market Size Expected to Grow by 2029?
The ediscovery industry is predicted to experience rapid expansion in the forthcoming years, with its value projected to reach $22.57 billion by 2029, achieving a compound annual growth rate (CAGR) of 10.5%. The upswing in the upcoming period can be traced back to the intensifying concerns around data privacy and security, the surge in usage of blockchain technology, increasing needs for eDiscovery services in budding economies, challenges around cross-border data discovery induced by globalization, and the rising intricacies in data types and sources. Notable trends shaping the future course of the ediscovery market include the implementation of technology-assisted reviews (tar), incorporation of analytics and predictive coding, focus on data privacy and safeguarding, emergence of mobile and remote eDiscovery solutions, and the transformation of technology-driven eDiscovery processes.
View the full report here:
https://www.thebusinessresearchcompany.com/report/ediscovery-global-market-report
Which Key Market Drivers Powering eDiscovery Market Expansion and Growth?
The rising quantity of data stored electronically is projected to fuel the eDiscovery market's expansion. Electronically Stored Information (ESI) is any data created, updated, transmitted, or saved digitally. Recently, the ongoing digitization wave has caused a surge in such information. The diversity of ESI in terms of volume, formats, and origins that require documentation is on the rise. eDiscovery utilities are employed for digital scrutiny of electronically saved data, facilitating legal case and investigation evidence directly via the database. For example, the Department for Science, Innovation & Technology, based in the UK, reported in September 2024 that the digital sector provisionally added £158.3 billion to the UK's economy in 2022. This represented 7.2% of the UK's total GVA, a slight increase compared to 7.1% in 2021. Consequently, the proliferation of electronically stored information is stimulating the eDiscovery market's growth.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7498&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the eDiscovery Market?
The eDiscovery market is seeing an increase in the use of technological advancements, with major market players harnessing advanced technologies, particularly cloud-based solutions, to fortify their market presence. An example of this trend was demonstrated in March 2022 when Epic Systems Inc., a provider of software solutions based in the US, introduced the Epiq Service Cloud, designed to bolster legal service delivery efficiency for both corporate legal departments and law firms. The Epiq Service Cloud comprises a range of intelligence and productivity tools and utilizes cloud technology services to offer a centralized digital interface for Epiq's proprietary technology in addition to other third-party industry tools.
What Are the Emerging Segments in the eDiscovery Market?
The ediscoverymarket covered in this report 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, Other End Users
Subsegments:
1) By Solutions: Software, Hardware
2) By Services: Consulting Services, Managed Services, Support And Maintenance Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7498&type=smp
Who Are the Global Leaders in the eDiscovery Market?
Major companies operating in the ediscovery market include 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
Which are the Top Profitable Regional Markets for the eDiscovery Industry?
North America was the largest region in the eDiscovery market in 2024.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, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7498
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 The Growing Demand for eDiscovery in an Era of Expanding Electronically Stored Information : Strategic Insights Driving eDiscovery Market Momentum in 2025 here
News-ID: 4187689 • Views: …
More Releases from The Business Research Company
Emerging Sub-Segments Transforming the Cold Pressed Juice Market Landscape
The cold pressed juice market is on the verge of significant expansion as consumers increasingly seek healthier and more functional beverage options. Shifting preferences towards immunity-boosting drinks and sustainability are driving innovation and growth in this sector. Let's explore the current market size, influential players, emerging trends, and segment breakdowns shaping the future of cold pressed juices.
Cold Pressed Juice Market Size and Growth Expectations Through 2030
The market for…
Top Companies and Industry Competition in the Coffee Franchise Market
The coffee franchise industry is positioned for significant expansion in the coming years, driven by evolving consumer preferences and strategic market initiatives. Increasing demand for high-quality coffee experiences and innovative business models is shaping the future landscape. Let's explore the current market size, leading companies, key trends, and major segments that define this dynamic sector.
Projected Growth and Market Size of the Coffee Franchise Market by 2030
The coffee franchise…
Coconut Sugar Market Overview: Major Segments, Strategic Developments, and Leadi …
The coconut sugar market is gaining significant momentum and is poised for notable expansion over the coming years. Driven by evolving consumer preferences and increasing interest in healthier and sustainable sweeteners, this market presents promising opportunities for businesses and consumers alike. Let's explore the market's size, key players, emerging trends, and segmentation in detail.
Projected Expansion of the Coconut Sugar Market Size Through 2030
The coconut sugar market is forecasted…
Emerging Sub-Segments Transforming the Clarithromycin Tablets Market Landscape
The clarithromycin tablets market is poised for notable expansion in the coming years, driven by several healthcare and pharmaceutical developments. As demand for effective antibiotic treatments rises globally, this sector is attracting considerable attention from manufacturers and healthcare providers alike. Let's explore the market's size, key players, prevailing trends, and segmentation to understand its current landscape and future potential.
Projected Market Valuation and Growth Trajectory for Clarithromycin Tablets
The clarithromycin…
More Releases for Discovery
Biomarker Discovery Outsourcing Services Market Overview Featuring Surrogate End …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biomarker Discovery Outsourcing Services Market Size, Share & Trends Analysis Report By Type (Predictive Biomarkers, Prognostic Biomarkers, Safety Biomarkers And Surrogate Endpoints), Therapeutic Area (Oncology, Neurology, Cardiology, Autoimmune Diseases), Discovery Phase (Biomarker Identification, Biomarker Validation, Biomarker Profiling, Biomarker Panel Development And Biomarker Selection) And End Users (Pharmaceutical Companies, Biotechnology Companies), Region, Market Outlook And Industry…
Electronic Discovery Market to See Huge Growth by 2030 | AccessData, Advanced Di …
Advance Market Analytics published a new research publication on "Electronic Discovery Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Electronic Discovery market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the report, request…
Q-GEMSF New Antimony Discovery Acquisition Plus Adjacent New Hydrogen Discovery
Vancouver, British Columbia, Canada - September 9, 2024 - Infinity Stone Ventures Corp., announces today that it has acquired a 100-per-cent interest in separate ground areas, located on the Gaspe Peninsula of Quebec, Canada, that covers the two historic reported highest values of Antimony assayed in steam sediment samples ever recorded in Quebec, and a separate land package North of Ville - Marie, Quebec, adjacent Quebec Innovative Materials Corp., ("CSE-QiMC")…
Drug Discovery Technologies Market: Exploring Drug Discovery Technologies with O …
Allied Market Research recently said Drug discovery is the process of identifying and developing new medications for the treatment of diseases. It involves a complex and challenging process that requires extensive research and development. However, advancements in drug discovery technologies are revolutionizing the way we develop medicines, making the process faster, more efficient, and more cost-effective. One of the most significant advances in drug discovery technologies is the use of…
Electronic Discovery Market Will Hit Big Revenues In Future | Conduent, Advanced …
Advance Market Analytics published a new research publication on “Global Electronic Discovery Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Electronic Discovery market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled…
E-Discovery Market Future Prospects 2026 | Logikcull, Advanced Discovery, Cloudn …
The latest update of Global E-Discovery Market study provides comprehensive information on the development activities by industry players, growth opportunities and market sizing for E-Discovery, complete with analysis by key segments, leading and emerging players, and geographies. The 110 page study covers the detailed business overview of each profiled players, its complete research and market development history with latest news and press releases. The study helps in identifying and tracking…
