Global E-Discovery Market, By Geography; Solution (Legal Hold, Early Case Assessment, Data Processing, Technology Assisted Review, Data Production); Deployment Type; Service Type; Vertical- Industry Trends and Forecast to 2024
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Global E-Discovery Market accounted for USD 8.12 million in 2016 growing at a CAGR of 24.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global E-Discovery Market
E-discovery or electronic discovery is a process in which electronic data is brought , located or searched with the intention of using it as a civil evidence or in any legal proceedings. It can also work offline on a particular computer.
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It has its wide application in government, legal sector, banking, financial services, and insurance, energy and utilities, healthcare, travel and hospitality, transportation and logistics, it and telecom, media and entertainment, and others. Growing litigations globally and stringent policy and compliance regulations worldwide may act as the major driver in the growth of global e-discovery market.
On the other hand high costing involved in solutions and services may hamper the market.
Major Market Drivers & Restraints:
- Emphasizing on reducing the operational budgets of legal departments
- Growing litigations globally
- Stringent policy and compliance regulations worldwide
- Increased use of mobile devices
- High costing involved in solutions and services
- Contradiction between data protection and global e-discovery
The global e-discovery market is segmented on the basis of solution into legal hold, early case assessment, data processing, technology assisted review, and data production
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On the basis of deployment model, the global e-discovery market is segmented into on-premises, and cloud.
On the basis of service type, the global e-discovery market is segmented into consulting, implementation, training and support, and managed services.
On the basis of vertical, the global e-discovery market is segmented into government, legal sector, banking, financial services, and insurance, energy and utilities, healthcare, travel and hospitality, transportation and logistics, it and telecom, media and entertainment, and others.
On the basis of geography, the global e-discovery market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Major Market Competitors: Global E-Discovery Market
Major Market Players in the Market:
- Xerox Corporation
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- FTI Consulting, Inc.
- Guidance Software, Inc.
- kCura, LLC
- Exterro, Inc.
- Swiftype, Inc.
- OpenText Corp
- Ipro Tech, LLC
- Sherpa Software
- Zapproved LLC.
- NextPoint, Inc.
- DFLABS SPA
- Docket Alarm, Inc.
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