Global eDiscovery Market - Forecasts From 2018 to 2023

The global eDiscovery market was valued at US$8.399 billion in 2017 and is expected to grow at a CAGR of 11.35% over the forecast period to reach a market size of US$16.007 billion by 2023. The growth of this market is being shaped by increasing penetration of Internet of Things (IoT) into all major industry verticals. Continuous digitization of business processes has been exponentially increasing the volume of data stored both by enterprises and government agencies. Increasing focus of governments and legal firms towards streamlining their operations and reducing operational costs is increasing the adoption of advanced technologies by them, which is driving the adoption of eDiscovery solutions and services by them, thus boosting the growth of this market.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global eDiscovery value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global eDiscovery market.

Major industry players profiled as part of the report are Opentext, Nuix, IBM, Micro Focus, Catalyst Repository Systems, FTI Consulting, Inc., AccessData, ZyLAB, EPIQ, Fronteo, Conduent, Relativity, Logikcull, Advanced Discovery, CloudNine and Veritas among others.

Segmentation

The global eDiscovery market is segmented by offering, deployment model, end user and geography.

By Offering

Software
Services

By Deployment Model

On-premise
Cloud

By End User

Law Enforcement Agencies
Law Firms

By Geography

North America
United States
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
UK
Germany
France
Italy
Others

Middle East and Africa
Saudi Arabia
UAE
Israel
Others

Asia Pacific
Japan
China
India
Australia
Others