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eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical and Region - Global Forecast to 2023

  • ID: 4576682
  • Report
  • June 2018
  • Region: Global
  • 144 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Accessdata
  • Commvault
  • EPIQ
  • IPRO
  • Micro Focus
  • Relativity

The need to decrease operational budget of legal departments and increase in number of litigations across the globe are expected to drive the eDiscovery market





The eDiscovery market size is expected to grow from USD 10.76 billion in 2018 to USD 17.32 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Increase in number of litigations across the globe and need to decrease operational budget of legal departments are expected to drive the growth of the market. However, the high cost of eDiscovery software and services and limited technical expertise for managing the advanced eDiscovery mechanism are expected to affect the growth of the eDiscovery market.

The software segment of the component segmentation is expected to grow at a higher CAGR during the forecast period

Software is an important component of eDiscovery offerings. The growing data generation and litigations are expected to be major reasons for the adoption of eDiscovery software worldwide. The eDiscovery software helps in managing and presenting large volumes of data. Moreover, eDiscovery software enables the easy and efficient implementation of the Electronic Discovery Reference Model (EDRM) model that includes identification, preservation, collection, processing, review, production, and presentation of relevant data during legal cases, thereby leading to reduced time, costs, and manual intervention. Various software offered in the eDiscovery market include identification, preservation, and collection, processing, review, and analysis, and production and presentation.

In terms of deployment types, the cloud deployment type is expected to grow at a higher CAGR during the forecast period

Cloud-based eDiscovery software offers various benefits, such as enhanced security, improved scalability, better flexibility, and lower costs. They also provide other advantages, such as increased storage, scalability, flexibility, security, portability, and compliance. The cloud deployment offers high-end performance and greater security. Moreover, it is highly scalable, flexible, and cost-efficient as compared to the on-premises deployment.

Among regions, North America is expected to hold the largest market size, whereas Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period

North America is expected to hold the largest market size during the forecast period, as organizations are shifting toward new and upgraded technologies, and are rapidly adopting digital business strategies. Furthermore, the organizations have invested in advanced technologies to gain a competitive advantage and improve their business operations. Due to the positive economic outlook and heavy spending on Information Technology (IT) infrastructure, APAC is expected to be the fastest-growing region in the global eDiscovery market. In addition to this, the growing focus of governments in the APAC region on new regulations and policies is expected to further drive the growth of the market.

The break-up of the profiles of the primary participants is given below:

  • By company: Tier 1 - 24%, Tier 2 - 32%, and Tier 3 - 44%
  • By designation: C-level - 24%, Director level - 33%, and Others - 43%
  • By region: North America - 41%, Europe - 26%, APAC - 21%, and RoW - 12%

The following key players in the eDiscovery market are profiled in the report:

1. AccessData (US)
2. Advanced Discovery (US)
3. Catalyst (US)
4. CloudNine (US)
5. Commvault (US)
6. Conduent (US)
7. Deloitte (US)
8. Driven (US)
9. Epiq (US)
10. FRONTEO (Japan)
11. FTI (US)
12. IBM (US)
13. Ipro (US)
14. KLDiscovery (US)
15. Lighthouse (US)
16. Logikcull (US)
17. Micro Focus (UK)
18. Microsoft (US)
19. Nuix (Australia)
20. OpenText (Canada)
21. Relativity (US)
22. Ricoh (Japan)
23. Thomson Reuters (Canada)
24. Veritas (US)
25. ZyLAB (Netherlands)

Research Coverage

The eDiscovery market has been segmented on the basis of components, deployment types, organization size, software, services, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, services, key strategies, new service launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the eDiscovery market.

The report would help the market leaders/new entrants in this market in the following ways:

  • This report segments the eDiscovery market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments across major regions.
  • This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report helps stakeholders in better understanding their competitors and gaining more insights for improving their positions in the market. The competitive landscape section includes the comparison of the major players in the eDiscovery market.
Frequently Asked Questions about the Ediscovery Market

What is the estimated value of the Ediscovery Market?

The Ediscovery Market was estimated to be valued at $10.8 billion in 2018.

What is the growth rate of the Ediscovery Market?

The growth rate of the Ediscovery Market is 10.0%, with an estimated value of $17.3 billion by 2023.

What is the forecasted size of the Ediscovery Market?

The Ediscovery Market is estimated to be worth $17.3 billion by 2023.

Who are the key companies in the Ediscovery Market?

Key companies in the Ediscovery Market include Accessdata, Advanced Discovery, Catalyst, Cloudnine, Commvault, Conduent, Deloitte, Driven and FTI.

FEATURED COMPANIES

  • Accessdata
  • Commvault
  • EPIQ
  • IPRO
  • Micro Focus
  • Relativity

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Data Triangulation
2.3 Market Size Estimation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the eDiscovery Market
4.2 Market By Component, 2018
4.3 Market By Deployment Type, 2018
4.4 Market By Software, 2018
4.5 Market By Vertical, 2018
4.6 Market Investment Scenario, 2018-2023
4.7 Electronic Discovery Reference Model
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Regulatory Landscape
5.2.1 Introduction
5.2.2 Federal Rules of Civil Procedure
5.2.3 General Data Protection Regulation
5.2.4 Electronic Communications Privacy Act
5.2.5 Health Insurance Portability and Accountability Act
5.2.6 Dodd-Frank Wall Street Reform and Consumer Protection Act
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Focus on Proactive Governance With Data Analytics and Emergence of New Content Sources
5.3.1.2 Need to Decrease Operational Budget of Legal Departments
5.3.1.3 Increase in Number of Litigations Across the Globe
5.3.1.4 Proliferation of IoT Devices Across Various Verticals and Overabundance of Stored Data
5.3.1.5 Growth in Compliance Requirements and Data Protection Regulations
5.3.2 Restraints
5.3.2.1 Higher Cost of eDiscovery Platforms and Services
5.3.2.2 Contradiction Between Data Protection and eDiscovery
5.3.3 Opportunities
5.3.3.1 Increased Demand for Predictive Coding to Simplify and Shorten Document Review Process
5.3.3.2 Higher Demand for Cloud-Based E-Discovery Among SMEs
5.3.3.3 Collaboration With Social Media Platforms Simplifies Litigation Processes
5.3.4 Challenges
5.3.4.1 Limited Technical Expertise for Managing the Advanced eDiscovery Mechanism
5.3.4.2 Integration of Saas-Based eDiscovery With Traditional Platforms
5.3.4.3 Lack of Awareness of eDiscovery
6 eDiscovery Market Analysis, By Component
6.1 Introduction
6.2 Software
6.2.1 Identification, Preservation, and Collection
6.2.2 Processing, Review, and Analysis
6.2.3 Production and Presentation
6.3 Services
6.3.1 Training, Consulting, and Integration
6.3.2 Managed Services
6.3.3 Support and Maintenance
7 Market Analysis, By Deployment Type
7.1 Introduction
7.2 Cloud
7.3 On-Premises
8 Market Analysis, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises
9 eDiscovery Market Analysis, By Vertical
9.1 Introduction
9.2 Government and Public Sector
9.3 Legal
9.4 Banking, Financial Services, and Insurance
9.5 Energy and Utilities
9.6 Healthcare and Life Sciences
9.7 Retail and Consumer Goods
9.8 Manufacturing
9.9 IT and Telecommunications
9.10 Others
10 eDiscovery Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Australia and New Zealand
10.4.3 Japan
10.4.4 Singapore
10.4.5 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 United Arab Emirates
10.5.2 Saudi Arabia
10.5.3 South Africa
10.5.4 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 New Product Launches
11.2.2 Acquisitions
11.2.3 Partnerships
12 Company Profiles
(Business Overview, Products/Services Offered, Recent Developments, SWOT Analysis, and View)*
12.1 Opentext
12.2 Nuix
12.3 Microsoft
12.4 IBM
12.5 Micro Focus
12.6 Catalyst
12.7 FTI
12.8 Accessdata
12.9 Zylab
12.10 EPIQ
12.11 Fronteo
12.12 Conduent
12.13 Relativity
12.14 Logikcull
12.15 Advanced Discovery
12.16 Cloudnine
12.17 Commvault
12.18 Driven
12.19 IPRO
12.20 Kldiscovery
12.21 Veritas
12.22 Deloitte
12.23 Thomson Reuters
12.24 Ricoh
12.25 Lighthouse
*Details on Business Overview, Products/Service Offered, Recent Developments, SWOT Analysis, and View Might Not Be Captured in Case of Unlisted Companies.
List of Tables
Table 1 eDiscovery Market Size, By Component, 2016-2023 (USD Million)
Table 2 Software: Market Size By Type, 2016-2023 (USD Million)
Table 3 Software: Market Size By Region, 2016-2023 (USD Million)
Table 4 Identification, Preservation, and Collection: Market Size By Region, 2016-2023 (USD Million)
Table 5 Processing, Review, and Analysis: Market Size By Region, 2016-2023 (USD Million)
Table 6 Production and Presentation: Market Size By Region, 2016-2023 (USD Million)
Table 7 Services: Market Size By Type, 2016-2023 (USD Million)
Table 8 Services: Market Size By Region, 2016-2023 (USD Million)
Table 9 Training, Consulting, and Integration: Market Size By Region, 2016-2023 (USD Million)
Table 10 Managed Services: Market Size By Region, 2016-2023 (USD Million)
Table 11 Support and Maintenance: Market Size By Region, 2016-2023 (USD Million)
Table 12 eDiscovery Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 13 Cloud: Market Size By Region, 2016-2023 (USD Million)
Table 14 On-Premises: Market Size By Region, 2016-2023 (USD Million)
Table 15 eDiscovery Market Size, By Organization Size, 2016-2023 (USD Million)
Table 16 Large Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 18 eDiscovery Market Size, By Vertical, 2016-2023 (USD Million)
Table 19 Government and Public Sector: Market Size By Region, 2016-2023 (USD Million)
Table 20 Legal: Market Size By Region, 2016-2023 (USD Million)
Table 21 Banking, Financial Services, and Insurance: Market Size By Region, 2016-2023 (USD Million)
Table 22 Energy and Utilities: Market Size By Region, 2016-2023 (USD Million)
Table 23 Healthcare and Life Sciences: Market Size By Region, 2016-2023 (USD Million)
Table 24 Retail and Consumer Goods: Market Size By Region, 2016-2023 (USD Million)
Table 25 Manufacturing: Market Size By Region, 2016-2023 (USD Million)
Table 26 IT and Telecommunications: Market Size By Region, 2016-2023 (USD Million)
Table 27 Others: Market Size By Region, 2016-2023 (USD Million)
Table 28 eDiscovery Market Size, By Region, 2016-2023 (USD Million)
Table 29 North America: Market Size By Component, 2016-2023 (USD Million)
Table 30 North America: Market Size By Software, 2016-2023 (USD Million)
Table 31 North America: Market Size By Service, 2016-2023 (USD Million)
Table 32 North America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 33 North America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 34 North America: Market Size By Vertical, 2016-2023 (USD Million)
Table 35 North America: Market Size By Country, 2016-2023 (USD Million)
Table 36 Europe: eDiscovery Market Size, By Component, 2016-2023 (USD Million)
Table 37 Europe: Market Size By Software, 2016-2023 (USD Million)
Table 38 Europe: Market Size By Service, 2016-2023 (USD Million)
Table 39 Europe: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 40 Europe: Market Size By Organization Size, 2016-2023 (USD Million)
Table 41 Europe: Market Size By Vertical, 2016-2023 (USD Million)
Table 42 Europe: Market Size By Country, 2016-2023 (USD Million)
Table 43 Asia Pacific: eDiscovery Market Size, By Component, 2016-2023 (USD Million)
Table 44 Asia Pacific: Market Size By Software, 2016-2023 (USD Million)
Table 45 Asia Pacific: Market Size By Service, 2016-2023 (USD Million)
Table 46 Asia Pacific: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 47 Asia Pacific: Market Size By Organization Size, 2016-2023 (USD Million)
Table 48 Asia Pacific: Market Size By Vertical, 2016-2023 (USD Million)
Table 49 Asia Pacific: Market Size By Country, 2016-2023 (USD Million)
Table 50 Middle East and Africa: eDiscovery Market Size, By Component, 2016-2023 (USD Million)
Table 51 Middle East and Africa: Market Size By Software, 2016-2023 (USD Million)
Table 52 Middle East and Africa: Market Size By Service, 2016-2023 (USD Million)
Table 53 Middle East and Africa: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 54 Middle East and Africa: Market Size By Organization Size, 2016-2023 (USD Million)
Table 55 Middle East and Africa: Market Size By Vertical, 2016-2023 (USD Million)
Table 56 Middle East and Africa: Market Size By Country, 2016-2023 (USD Million)
Table 57 Latin America: eDiscovery Market Size, By Component, 2016-2023 (USD Million)
Table 58 Latin America: Market Size By Software, 2016-2023 (USD Million)
Table 59 Latin America: Market Size By Service, 2016-2023 (USD Million)
Table 60 Latin America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 61 Latin America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 62 Latin America: Market Size By Vertical, 2016-2023 (USD Million)
Table 63 Latin America: Market Size By Country, 2016-2023 (USD Million)
Table 64 New Product Launches, 2017-2018
Table 65 Acquisitions, 2018
Table 66 Partnerships, 2016-2018
List of Figures
Figure 1 eDiscovery Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Fastest Growing Segments in the Market 2018-2023
Figure 7 eDiscovery Market, By Region
Figure 8 Global eDiscovery Market is Expected to Grow Significantly During the Forecast Period (USD Million)
Figure 9 Emerging Economies Offer Attractive Market Opportunities in the eDiscovery Market During the Forecast Period
Figure 10 Software Segment is Estimated to Have the Larger Market Share in 2018
Figure 11 On-Premises Deployment is Expected to Hold the Larger Market Share in 2018
Figure 12 Processing, Review, and Analysis Segment is Expected to Hold the Largest Market Share in 2018
Figure 13 Government and Public Sector Vertical is Expected to Hold the Largest Market Share in 2018
Figure 14 Asia Pacific is Expected to Emerge as the Best Market to Invest in the Next 5 Years
Figure 15 Electronic Discovery Reference Model Phases
Figure 16 eDiscovery Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Services Segment is Expected to Account for the Larger Market Size During the Forecast Period
Figure 18 Processing, Review, and Analysis Segment is Expected to Account for the Largest Market Size During the Forecast Period
Figure 19 Managed Services Segment is Expected to Account for the Largest Market Size During the Forecast Period
Figure 20 On-Premises Segment is Expected to Account for the Larger Market Size During the Forecast Period
Figure 21 Large Enterprises Segment is Expected to Account for the Larger Market Size During the Forecast Period
Figure 22 Government and Public Sector Vertical is Projected to Account for the Largest Market Size By 2023
Figure 23 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Key Developments By the Leading Players in the eDiscovery Market During 2016-2018
Figure 27 Opentext: Company Snapshot
Figure 28 Microsoft: Company Snapshot
Figure 29 IBM: Company Snapshot
Figure 30 Micro Focus: Company Snapshot
Figure 31 FTI: Company Snapshot
Figure 32 Fronteo: Company Snapshot
Figure 33 Conduent: Company Snapshot
Figure 34 Commvault: Companysnapshot
Figure 35 Thomson Reuters: Company Snapshot
Figure 36 Ricoh: Company Snapshot

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  • Accessdata
  • Advanced Discovery
  • Catalyst
  • Cloudnine
  • Commvault
  • Conduent
  • Deloitte
  • Driven
  • EPIQ
  • FTI
  • Fronteo
  • IBM
  • IPRO
  • Kldiscovery
  • Lighthouse
  • Logikcull
  • Micro Focus
  • Microsoft
  • Nuix
  • Opentext
  • Relativity
  • Ricoh
  • Thomson Reuters
  • Veritas
  • Zylab