Global eDiscovery Market Analysis and Forecast to 2023

  • ID: 4435227
  • Report
  • Region: Global
  • 191 pages
  • P&S Market Research
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FEATURED COMPANIES

  • Dell EMC
  • Epiq Systems, Inc.
  • FTI Technology LLC.
  • Guidance Software, Inc.
  • KrolLDiscovery LLC
  • LexisNexis
  • MORE
Insights on Market Segments:

On the basis of component, the eDiscovery market is categorized into software and services, where the market for services contributed a larger revenue during 2013-2016. The market for services was valued at nearly $6,000 million in 2016, and is expected to reach $13,000 million by 2023, growing at a CAGR of above 10% during the forecast period. Factors responsible for the growth of service market include the gigantic progress in electronically stored information (ESI) and increase in the number of litigation cases. Further, the continuous thrust on bringing down functional costs of legal departments, stringent necessities to comply with rules and regulations, and raised usage of mobile devices have been the driving force behind the eDiscovery market growth.

The on-premise deployment segment generated a larger revenue than cloud deployment in 2016. However, the demand for cloud based deployments is expected to be high in near future. Cloud based deployment of solutions is relatively a younger technology than on-premises in the eDiscovery market, but it has speedily developed as the most preferred choice for resource establishments. Cloud migration and adoption promise many benefits to conventional on-premise deployments, such as infinite scalability, cross border eDiscovery (as it eliminates physical barriers), robust security, and cost savings.

Predictive Coding Fueling the Global Market Growth:

Emergence of new tools has been revolutionizing the complete process of eDiscovery review, from the past few years. The new technology tools rely on a process called predictive coding, which is a cultured statistical algorithm that categorizes the attributes of relevant and irrelevant documents, during the review of a small subset of documents. Such solutions are completely revolutionizing the eDiscovery industry.

With the help of an iterative training process, predictive coding enables a lawyer with expert knowledge of the case, and reviews the small subset of documents through a series of document sets generated by the program. After each set, based on the designation of a lawyer, the predictive coding system refines the traits of relevant versus irrelevant documents until the system itself determines no more continued training. The smart and intelligent eDiscovery strategy acts as an alternative approach providing clients with the best possible value, by delivering higher review quality under a well-controlled cost framework. Such enablers are globally escalating the demand for such solutions among lawyers up to a great extent.

North America Stands as the Largest eDiscovery Market:

Geographically, North America has been the largest eDiscovery market, accounting for more than 65% of the global revenue in 2016, whereas the sales in Asia-Pacific are expected to witness the fastest growth, during the forecast period. Various factors that have influenced the eDiscovery market in North America in the recent past include change in policies after the election of Donald Trump as the President, high-paced technological advancements, and various other policy changes related to antitrust law. The growth in Asia-Pacific market will be led by factors such as surge in digitalization within the legal sector, advancement in new data analytics and retrieving technologies by regional players, and the growth in investment in eDiscovery solutions.

eDiscovery Industry heading towards consolidation:

The global eDiscovery industry had a fragmented structure in 2016, where IBM, Dell EMC, and Symantec were the leading contenders. The other major companies operating in the market include HP, FTI Consulting, and KrolLDiscovery. There are large number of players in this market, who are fighting to expand their market share. The industry is also witnessing number of acquisitions, where the major acquirers have been Dell, L Discovery, and OpenText.
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2 of 4

FEATURED COMPANIES

  • Dell EMC
  • Epiq Systems, Inc.
  • FTI Technology LLC.
  • Guidance Software, Inc.
  • KrolLDiscovery LLC
  • LexisNexis
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Component
1.3.2 Market Segmentation by Solution
1.3.3 Market Segmentation by Deployment Type
1.3.4 Market Segmentation by Industry Vertical
1.3.5 Market Segmentation by Geography
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Software
4.1.1.2 Service
4.1.1.2.1 Managed
4.1.1.2.2 Professional
4.1.2 By Solution
4.1.2.1 Legal hold
4.1.2.2 Early case assessment
4.1.2.3 Data processing
4.1.2.4 Technology assisted review
4.1.2.5 Data production
4.1.3 By Deployment Type
4.1.3.1 On-premise
4.1.3.2 Cloud
4.1.3.3 Hybrid
4.1.4 By Industry Vertical
4.2 eDiscovery Process Analysis
4.3 eDiscovery Reference Model
4.4 Market Dynamics
4.4.1 Trends
4.4.1.1 Market heading towards maturity
4.4.1.2 eDiscovery companies moving outside national borders
4.4.1.3 Clients demand for comprehensive service packages
4.4.2 Drivers
4.4.2.1 Rapid Growth in ESI and social media penetration
4.4.2.2 Predictive coding
4.4.2.3 Increasing demand for eDiscovery from government agencies
4.4.2.4 Impact analysis of drivers on market forecast
4.4.3 Restraints
4.4.3.1 Cross-border confidentiality issues and jurisdictional variances
4.4.3.2 Lack of consistency and transparency in pricing
4.4.3.3 Impact analysis of restraints on market forecast
4.4.4 Opportunities
4.4.4.1 Advancement in early case assessment
4.4.4.2 Proliferation of smart devices
4.4.4.3 Rise in cloud computing and emergence of software as a service (SaaS) models
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Intensity of Rivalry
4.5.5 Threat of Substitutes

5. Global Market Size and Forecast
5.1 By Component
5.1.1 Global Services Market, by Type
5.2 By Solution
5.3 By Deployment Type
5.4 By Industry Vertical
5.5 By Region

6. North America Market Size and Forecast
6.1 North America eDiscovery Market, by Component
6.1.1 North America Services Market, by Type
6.2 North America eDiscovery Market, by Solution
6.3 North America eDiscovery Market, by Deployment Type
6.4 North America eDiscovery Market, by Industry Vertical
6.5 North America eDiscovery Market, by Country

7. Europe Market Size and Forecast
7.1 Europe eDiscovery Market by Component
7.1.1 Europe Services Market, by Type
7.2 Europe eDiscovery Market by Solution
7.3 Europe eDiscovery Market by Deployment Type
7.4 Europe eDiscovery Market by Industry Vertical
7.5 Europe eDiscovery Market by Country

8. Asia-Pacific Market Size and Forecast
8.1 Asia-Pacific eDiscovery Market, by Component
8.1.1 Asia-Pacific Services Market, by Type
8.2 Asia-Pacific eDiscovery Market, by Solution
8.3 Asia-Pacific eDiscovery Market, by Deployment Type
8.4 Asia-Pacific eDiscovery Market, by Industry Vertical
8.5 Asia-Pacific eDiscovery Market, by Country

9. MEA Market Size and Forecast
9.1 MEA eDiscovery Market, by Component
9.1.1 MEA Services Market, by Type
9.2 MEA eDiscovery Market, by Solution
9.3 MEA eDiscovery Market, by Deployment Type
9.4 MEA eDiscovery Market, by Industry Vertical
9.5 MEA eDiscovery Market, by Country

10. Latin America Market Size and Forecast
10.1 Latin America eDiscovery Market, by Component
10.1.1 Latin America Services Market, by Type
10.2 Latin America eDiscovery Market, by Solution
10.3 Latin America eDiscovery Market, by Deployment Type
10.4 Latin America eDiscovery Market, by Industry Vertical
10.5 Latin America eDiscovery Market, by Country

11. Competitive Landscape
11.1 Company Share Analysis
11.2 Product Benchmarking of Key Players
11.3 Competitive Analysis of Key Players
11.4 Global Strategic Developments of Key Players
11.4.1 Product Launch
11.4.2 Partnership
11.4.3 Merger & Acquisition
11.4.4 Other Developments

12. Company Profiles
12.1 International Business Machine (IBM) Corporation
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.1.4 Strategic Growth Plans
12.2 FTI Technology LLC.
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.2.3 Strategic Growth Plans
12.3 Guidance Software, Inc.
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.3.4 Strategic Growth Plans
12.4 Xerox Corporation
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.4.4 Strategic Growth Plans
12.5 KrolLDiscovery LLC
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Strategic Growth Plans
12.6 Relativity
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Strategic Growth Plans
12.7 LexisNexis
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.7.3 Key Financial Summary
12.7.4 Strategic Growth Plans
12.8 Symantec Corporation
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.8.4 Strategic Growth Plans
12.9 Epiq Systems, Inc.
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.9.4 Strategic Growth Plans
12.10 Dell EMC
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.10.3 Key Financial Summary
12.11 Navigant Consulting, Inc.
12.11.1 Business overview
12.11.2 Product and Service Offerings
12.11.3 Key Financial Summary
12.11.4 Strategic Growth Plans
12.12 Catalyst Repository Systems, Inc.
12.12.1 Business overview
12.12.2 Product and service offerings
12.13 OpenText Corporation
12.13.1 Business Overview
12.13.2 Product and Service Offerings
12.13.3 Strategic Growth Plans
12.13.4 Key Financial Summary
12.14 Hewlett Packard Enterprise
12.14.1 Business Overview
12.14.2 Product and Service Offerings
12.14.3 Key Financial Summary
12.14.4 Strategic Growth Plans
12.15 DTI
12.15.1 Business Overview
12.15.2 Product and Service Offerings
12.15.3 Strategic Growth Plans
12.16 Integreon, Inc.
12.16.1 Business Overview
12.16.2 Product and Service Offerings

13. Appendix
13.1 Abbreviations

List of Tables:

Table 1 Analysis Period Of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 Global Ediscovery Market, By Component, $M (2013 - 2016)
Table 5 Global Ediscovery Market, By Component, $M (2017 - 2023)
Table 6 Global Ediscovery Service Market, By Type, $M (2013 - 2016)
Table 7 Global Ediscovery Service Market, By Type, $M (2017 - 2023)
Table 8 Global Ediscovery Market, By Solution, $M (2013 - 2016)
Table 9 Global Ediscovery Market, By Solution, $M (2017 - 2023)
Table 10 Comparison Of Cloud Vs On-Premise Ediscovery
Table 11 Global Ediscovery Market, By Deployment Type, $M (2013 - 2016)
Table 12 Global Ediscovery Market, By Deployment Type, $M (2017 - 2023)
Table 13 Global Ediscovery Market, By Industry Vertical, $M (2013 - 2016)
Table 14 Global Ediscovery Market, By Industry Vertical, $M (2017 - 2023)
Table 15 Global Ediscovery Market, By Region, $M (2013 - 2016)
Table 16 Global Ediscovery Market, By Region, $M (2017 - 2023)
Table 17 North America Ediscovery Market, By Component, $M (2013 - 2016)
Table 18 North America Ediscovery Market, By Component, $M (2017 - 2023)
Table 19 North America Ediscovery Services Market, By Type, $M (2013 - 2016)
Table 20 North America Ediscovery Services Market, By Type, $M (2017 - 2023)
Table 21 North America Ediscovery Market, By Solution, $M (2013 - 2016)
Table 22 North America Ediscovery Market, By Solution, $M (2017 - 2023)
Table 23 North America Ediscovery Market, By Deployment Type, $M (2013 - 2016)
Table 24 North America Ediscovery Market, By Deployment Type, $M (2017 - 2023)
Table 25 North America Ediscovery Market, By Industry Vertical, $M (2013 - 2016)
Table 26 North America Ediscovery Market, By Industry Vertical, $M (2017 - 2023)
Table 27 North America Ediscovery Market, By Country, $M (2013 - 2016)
Table 28 North America Ediscovery Market, By Country, $M (2017 - 2023)
Table 29 Europe Ediscovery Market, By Component, $M (2013 - 2016)
Table 30 Europe Ediscovery Market, By Component, $M (2017 - 2023)
Table 31 Europe Ediscovery Services Market, By Type, $M (2013 - 2016)
Table 32 Europe Ediscovery Services Market, By Type, $M (2017 - 2023)
Table 33 Europe Ediscovery Market, By Solution, $M (2013 - 2016)
Table 34 Europe Ediscovery Market, By Solution, $M (2017 - 2023)
Table 35 Europe Ediscovery Market, By Deployment Type, $M (2013 - 2016)
Table 36 Europe Ediscovery Market, By Deployment Type, $M (2017 - 2023)
Table 37 Europe Ediscovery Market, By Industry Vertical, $M (2013 - 2016)
Table 38 Europe Ediscovery Market, By Industry Vertical, $M (2017 - 2023)
Table 39 Europe Ediscovery Market, By Country, $M (2013 - 2016)
Table 40 Europe Ediscovery Market, By Country, $M (2017 - 2023)
Table 41 Asia-Pacific Ediscovery Market, By Component, $M (2013 - 2016)
Table 42 Asia-Pacific Ediscovery Market, By Component, $M (2017 - 2023)
Table 43 Asia-Pacific Ediscovery Services Market, By Type, $M (2013 - 2016)
Table 44 Asia-Pacific Ediscovery Services Market, By Type, $M (2017 - 2023)
Table 45 Asia-Pacific Ediscovery Market, By Solution, $M (2013 - 2016)
Table 46 Asia-Pacific Ediscovery Market, By Solution, $M (2017 - 2023)
Table 47 Asia-Pacific Ediscovery Market, By Deployment Type, $M (2013 - 2016)
Table 48 Asia-Pacific Ediscovery Market, By Deployment Type, $M (2017 - 2023)
Table 49 Asia-Pacific Ediscovery Market, By Industry Vertical, $M (2013 - 2016)
Table 50 Asia-Pacific Ediscovery Market, By Industry Vertical, $M (2017 - 2023)
Table 51 Asia-Pacific Ediscovery Market, By Country, $M (2013 - 2016)
Table 52 Asia-Pacific Ediscovery Market, By Country, $M (2017 - 2023)
Table 53 MEA Ediscovery Market, By Component, $M (2013 - 2016)
Table 54 MEA Ediscovery Market, By Component, $M (2017 - 2023)
Table 55 MEA Ediscovery Services Market, By Type, $M (2013 - 2016)
Table 56 MEA Ediscovery Services Market, By Type, $M (2017 - 2023)
Table 57 MEA Ediscovery Market, By Solution, $M (2013 - 2016)
Table 58 MEA Ediscovery Market, By Solution, $M (2017 - 2023)
Table 59 MEA Ediscovery Market, By Deployment Type, $M (2013 - 2016)
Table 60 MEA Ediscovery Market, By Deployment Type, $M (2017 - 2023)
Table 61 MEA Ediscovery Market, By Industry Vertical, $M (2013 - 2016)
Table 62 MEA Ediscovery Market, By Industry Vertical, $M (2017 - 2023)
Table 63 MEA Ediscovery Market, By Country, $M (2013 - 2016)
Table 64 MEA Ediscovery Market, By Country, $M (2017 - 2023)
Table 65 Latin America Ediscovery Market, By Component, $M (2013 - 2016)
Table 66 Latin America Ediscovery Market, By Component, $M (2017 - 2023)
Table 67 Latin America Ediscovery Services Market, By Type, $M (2013 - 2016)
Table 68 Latin America Ediscovery Services Market, By Type, $M (2017 - 2023)
Table 69 Latin America Ediscovery Market, By Solution, $M (2013 - 2016)
Table 70 Latin America Ediscovery Market, By Solution, $M (2017 - 2023)
Table 71 Latin America Ediscovery Market, By Deployment Type, $M (2013 - 2016)
Table 72 Latin America Ediscovery Market, By Deployment Type, $M (2017 - 2023)
Table 73 Latin America Ediscovery Market, By Industry Vertical, $M (2013 - 2016)
Table 74 Latin America Ediscovery Market, By Industry Vertical, $M (2017 - 2023)
Table 75 Latin America Ediscovery Market, By Country, $M (2013 - 2016)
Table 76 Latin America Ediscovery Market, By Country, $M (2017 - 2023)
Table 77 Ibm Corporation - At A Glance
Table 78 Ibm Corporation Key Financial Summary
Table 79 Fti Technology Llc. - At A Glance
Table 80 Guidance Software, Inc. - At A Glance
Table 81 Guidance Software, Inc. Key Financial Summary
Table 82 Xerox Corporation - At A Glance
Table 83 Xerox Corporation Key Financial Summary
Table 84 Krolldiscovery Llc - At A Glance
Table 85 Relativity - At A Glance
Table 86 Lexisnexis - At A Glance
Table 87 Symantec Corporation - At A Glance
Table 88 Symantec Corporation Key Financial Summary
Table 89 Epiq Systems, Inc. - At A Glance
Table 90 Dell Emc - At A Glance
Table 91 Navigant Consulting, Inc. - At A Glance
Table 92 Navigant Consulting Key Financial Summary
Table 93 Catalyst Repository Systems, Inc. - At A Glance
Table 94 Opentext Corporation - At A Glance
Table 95 Opentext Corporation Key Financial Summary
Table 96 Hewlett Packard Enterprise - At A Glance
Table 97 Hpe Key Financial Summary
Table 98 Dti - At A Glance
Table 99 Integreon, Inc. - At A Glance

List of Figures:

Figure 1 Ediscovery Process Flow
Figure 2 Research Scope
Figure 3 Research Methodology
Figure 4 Regional Split Of Primary And Secondary Research
Figure 5 Breakdown Of Primary Research By Region
Figure 6 Breakdown Of Primary Research By Industry Participant
Figure 7 Breakdown Of Primary Research By Company Type
Figure 8 Data Triangulation Approach
Figure 9 Global Ediscovery Market Summary
Figure 10 Ediscovery Process Analysis
Figure 11 Ediscovery Reference Model
Figure 12 Eca Consulting Process
Figure 13 Porter's Five Forces Analysis
Figure 14 Bargaining Power Of Buyers
Figure 15 Bargaining Power Of Suppliers
Figure 16 Threat Of New Entrants
Figure 17 Intensity Of Rivalry
Figure 18 Threat Of Substitutes
Figure 19 Worldwide Social Media Users (2016)
Figure 20 Global Ediscovery Market, By Component, $M (2013 - 2023)
Figure 21 Global Ediscovery Service Market, By Type, $M (2013 - 2023)
Figure 22 Global Ediscovery Market, By Solution, $M (2013 - 2023)
Figure 23 Global Ediscovery Market, By Deployment Type, $M (2013 - 2023)
Figure 24 Global Ediscovery Market, By Industry Vertical, $M (2013 - 2023)
Figure 25 Worldwide Major Markets For Ediscovery
Figure 26 North America Ediscovery Market Snapshot
Figure 27 North America Ediscovery Market, By Component, $M (2013 - 2023)
Figure 28 North America Ediscovery Services Market, By Type, $M (2013 - 2023)
Figure 29 North America Ediscovery Market, By Solution, $M (2013 - 2023)
Figure 30 North America Ediscovery Market, By Deployment Type, $M (2013 - 2023)
Figure 31 North America Ediscovery Market, By Industry Vertical, $M (2013 - 2023)
Figure 32 North America Ediscovery Market, By Country, $M (2013 - 2023)
Figure 33 Europe Ediscovery Market Snapshot
Figure 34 Europe Ediscovery Market, By Component, $M (2013 - 2023)
Figure 35 Europe Ediscovery Services Market, By Type, $M (2013 - 2023)
Figure 36 Europe Ediscovery Market, By Solution, $M (2013 - 2023)
Figure 37 Europe Ediscovery Market, By Deployment Type, $M (2013 - 2023)
Figure 38 Europe Ediscovery Market, By Industry Vertical, $M (2013 - 2023)
Figure 39 Europe Ediscovery Market, By Country, $M (2013 - 2023)
Figure 40 Asia-Pacific Ediscovery Market Snapshot
Figure 41 Asia-Pacific Ediscovery Market, By Component, $M (2013 - 2023)
Figure 42 Asia-Pacific Ediscovery Services Market, By Type, $M (2013 - 2023)
Figure 43 Asia-Pacific Ediscovery Market, By Solution, $M (2013 - 2023)
Figure 44 Asia-Pacific Ediscovery Market, By Deployment Type, $M (2013 - 2023)
Figure 45 Asia-Pacific Ediscovery Market, By Industry Vertical, $M (2013 - 2023)
Figure 46 Asia-Pacific Ediscovery Market, By Country, $M (2013 - 2023)
Figure 47 MEA Ediscovery Market Snapshot
Figure 48 MEA Ediscovery Market, By Component, $M (2013 - 2023)
Figure 49 MEA Ediscovery Services Market, By Type, $M (2013 - 2023)
Figure 50 MEA Ediscovery Market, By Solution, $M (2013 - 2023)
Figure 51 MEA Ediscovery Market, By Deployment Type, $M (2013 - 2023)
Figure 52 MEA Ediscovery Market, By Industry Vertical, $M (2013 - 2023)
Figure 53 MEA Ediscovery Market, By Country, $M (2013 - 2023)
Figure 54 Latin America Ediscovery Market Snapshot
Figure 55 Latin America Ediscovery Market, By Component, $M (2013 - 2023)
Figure 56 Latin America Ediscovery Services Market, By Type, $M (2013 - 2023)
Figure 57 Latin America Ediscovery Market, By Solution, $M (2013 - 2023)
Figure 58 Latin America Ediscovery Market, By Deployment Type, $M (2013 - 2023)
Figure 59 Latin America Ediscovery Market, By Industry Vertical, $M (2013 - 2023)
Figure 60 Latin America Ediscovery Market, By Country, $M (2013 - 2023)
Figure 61 Market Share Analysis, By Company (2016)
Figure 62 Product Benchmarking Of Key Players
Figure 63 Ibm Corporation Revenue Split By Segment And Geography (2016)
Figure 64 Guidance Software Inc. Revenue Split By Segment And Geography (2016)
Figure 65 Xerox Corporation Revenue Split By Segment And Geography (2016)
Figure 66 Lexisnexis Revenue Split By Segment And Geography (2017)
Figure 67 Symantec Coporation Revenue Split By Segment And Geography (2017)
Figure 68 Epiq Systems, Inc. Revenue Split By Operations And Geography (2015)
Figure 69 Dell Emc Revenue Split By Segment And Geography (2017)
Figure 70 Navigant Consulting Revenue Split By Segment And Geography (2017)
Figure 71 Opentext Corporation Revenue Split By Operations And Geography (2015)
Figure 72 Hpe Revenue Split By Operations And Geography (2016)
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  • Catalyst Repository Systems, Inc.
  • Dell EMC
  • Epiq Systems, Inc.
  • FTI Technology LLC.
  • Guidance Software, Inc.
  • Hewlett Packard Enterprise
  • International Business Machine (IBM) Corporation
  • KrolLDiscovery LLC
  • LexisNexis
  • Navigant Consulting, I
Note: Product cover images may vary from those shown
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