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Strong growth predicted for eDiscovery market

Strong growth predicted for eDiscovery market

Electronic discovery (eDiscovery) is the discovery of electronic information for the purpose of litigation, investigations or other legal proceedings.

eDiscovery plays an important role in our country's legal system. Whether it's a criminal or civil case, courts must look at all of the evidence to determine who's at fault and who's not. Being that so much of our daily lives is stored in electronic format, this has given rise to the eDiscovery market.

From social media posts and chat room logs to recorded conversations and email correspondences, eDiscovery comes in many different forms. The fundamental characteristic of eDiscovery, however, is that it's electronic information intended for use in legal proceedings. Courtrooms often rely on evidence such as this to determine an appropriate ruling. Because of the sheer significance of eDiscovery, many private and government-operated organizations are investing heavily in the market.

According to the eDiscovery Market Analysis: Govern…ment, 2015 - 2022 report by Future Market Insights, the global eDiscovery market is expected to grow at a year-over-year rate of 15% through the forecast period.

The report cites government and regulatory agencies as being the main consumers of eDiscovery products, account for nearly half of the market's revenue share in 2015. This isn't a trend that's likely to go away anytime soon either, as researchers believe this end-use segment will grow by 13.3% to reach more than $4 billion by the end of 2016.

Some of the key eDiscovery vendors profiled in this report include EMC Corporation, Daegis Inc., Symantec Corporation, IBM Corporation, FTI Consulting Inc., Navigant Consulting Inc., HP Autonomy, Guidance Software Inc., Integreon Managed Solutions Inc., Epiq Systems, Xerox Corporation, and Catalyst Repository Systems Inc.

The Europe, the Middle East and Africa… Forecast to 2021 report by Market Research Future is a comprehensive report on the healthcare archiving and eDiscovery market, focusing specifically on the European, Middle Eastern, and African regions. Featuring 110 pages and more than 50 data tables, this report provides an in-depth look into the eDiscovery market. It segments the market into several different types, including Archiving, eDiscovery, Legal Holdings. Data Process, Data Production & Management, Standalone/ On-Premise, Cloud Organization Type, Government & Regulatory Bodies and more.

So, what's in store for the eDiscovery market? You'll have to check out the aforementioned reports to learn more about the eDiscovery market and where it's headed. However, one thing is for sure: the market is expected to grow in the following years.

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Paul Hosking - Market Research NewsPaul Hosking
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