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E-Discovery Market Trends - Industry Share, Growth Report 2021

05-11-2017 02:12 PM CET | IT, New Media & Software

Press release from: RNR Market Research

E-Discovery Market

E-Discovery Market

E-Discovery Market Size, Share, Price | Industry Report 2021 Market Research Report to It’s a Database.

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“The global increase in litigations is driving the growth of the E-Discovery market”

MarketsandMarkets estimates the global E-Discovery market to grow from USD 7.89 billion in 2016 to USD 22.62 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.4%. The E-Discovery market is growing rapidly as the business environment is getting increasingly litigious, due to global increase in difficult conditions for businesses. However, factors such as lack of awareness about E-Discovery is the major restraint in the overall growth of the market.

“Data processing solutions to have the largest market size in 2021”

Data processing solutions segment is estimated to have the largest market size in 2021, owing to the increase in data production around the world. Massive data growth rates result in an increase in the amount of electronic documents being generated, which are used during litigations. The growth in data processing would also be due to the massive increase in social media communication resulting in data proliferation. Other factors responsible for its largest market share include benefits such as reduction in document maintenance costs, as well as simplification and consolidation of a variety of document formats.

“Managed services type to have the highest growth rate during the forecast period”

Managed services provide end-to-end E-Discovery support to organizations, which is the main reason for its high adoption. The managed services type is gaining traction in the E-Discovery market as it helps organizations to leverage the advantages of technology-enabled E-Discovery solutions setup off-premises, which helps in reducing storage infrastructure costs. This segment is expected to witness the highest CAGR during the forecast period.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the E-Discovery marketplace.

• By Company: Tier 1: 34%, Tier 2: 40%, and Tier 3: 26%
• By Designation: C-level: 72%, Director-level: 18%, and others: 10%
• By Region: North America: 57%, Europe: 17%, APAC: 19%, and ROW: 7%

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Key players include:

13.1 Introduction

13.2 Xerox Corporation
13.2.1 Business Overview
13.2.2 Products and Services Offered
13.2.3 Recent Developments
13.2.4 MnM View
13.2.4.1 Key Strategies
13.2.4.2 SWOT Analysis

13.3 Hewlett Packard Enterprise Development Lp
13.3.1 Business Overview
13.3.2 Products Offered
13.3.3 Recent Developments
13.3.4 MnM View
13.3.4.1 Key Strategies
13.3.4.2 SWOT Analysis

13.4 IBM Corporation
13.4.1 Business Overview
13.4.2 Products Offered
13.4.3 Recent Developments
13.4.4 MnM View
13.4.4.1 Key Strategies
13.4.4.2 SWOT Analysis

13.5 FTI Consulting, Inc.
13.5.1 Business Overview
13.5.2 Products Offered and Services Offered
13.5.3 Recent Developments
13.5.4 MnM View
13.5.4.1 Key Strategies
13.5.4.2 SWOT Analysis

13.6 Guidance Software, Inc.
13.6.1 Business Overview
13.6.2 Solutions and Services Offered
13.6.3 Recent Developments
13.6.4 MnM View
13.6.4.1 Key Strategies

13.7 Kcura LLC
13.8 Accessdata
13.9 Zylab
13.10 Exterro, Inc.
13.11 Nuix

Research Coverage:

The report includes in-depth competitive analysis of these key players in the E-Discovery market, with their company profiles, SWOT analysis, recent developments, and key market strategies. The research report segments the E-Discovery market by solution, deployment, service type, industry and region.

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