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eDiscovery Market By Component (Solutions, Processing, Review and Analysis, Identification, Preservation and Collection, Production and Presentation, Services, Managed Services, Maintenance and Support, Training, Consulting and Integration), By Deployment Type (On-premises, Cloud)), By Organization Size (Large Enterprises, SMEs), By Vertical (Government and Public Sector, Legal, BFSI, Energy and Utilities, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, IT and Telecommunications, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028

Covid-19

Global eDiscovery Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[221+ Pages Report] According to Facts and Factors, the global eDiscovery market was valued at USD 9.50 billion in 2021 and is predicted to increase at a CAGR of 6.40% to USD 13.78 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

logoMarket Overview

eDiscovery is the process of identifying, acquiring, and displaying electronically stored information (ESI) for legal investigations. Emails, documents, PowerPoint presentations, databases, voicemails, social media data, and audio and video files are all examined. This evidence is then extracted and evaluated using a variety of cyber-forensic techniques before being transferred to digital formats and presented in court. They contribute to trend detection and analytical research for legal, constitutional, political, and privacy issues.

One of the primary reasons driving the market's growth is rapid digitization, which is accompanied by an increase in the use of Internet of Things (IoT) enabled devices. The widespread adoption of IoT and cloud computing systems has considerably increased the generation of digital data, resulting in an increase in the need for eDiscovery solutions for accessing and retrieving data traces. Furthermore, the widespread use of these systems by various government entities for enforcing compliance, translation, and data security is boosting the market growth. High volumes of electronic data are now retrieved using eDiscovery technologies as the basis for most lawsuits. The increased focus of legal and government organizations on streamlining their operations and lowering operational expenses through the adoption of new technology is boosting the market growth

logo Impact of COVID - 19

The COVID-19 outbreak has changed the business and economic situations. Since then, eDiscovery specialists have been debating and making judgments to enable the collection, processing, and review of ESI. The most talked about topic among business, legal and IT specialists in the eDiscovery ecosystem is how to plan and execute the basic eDiscovery work of collection during the pandemic. The key hurdles for remote collection are IT infrastructure and qualified labor. COVID-19 is thought to have a short-term influence. As a result of new activities such as work from home and social distancing, virtual private network connectivity has fueled demand for and acceptance of cloud-based eDiscovery solutions.

The complete research study looks at both the qualitative and quantitative aspects of the eDiscovery market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America was thoroughly investigated.

logoSegmentation Analysis

The global eDiscovery market is segregated based on component, deployment type, organization size, and verticals.

In terms of components, the solutions segment will have a bigger market share during the forecasted period. Customers are getting better and more relevant insights from data thanks to advanced analytical capabilities in eDiscovery solutions, especially during the early case evaluation phase. Furthermore, in order to deal with current systems, eDiscovery providers are creating solutions that can interact with a range of systems and fit into any IT environment, making eDiscovery solutions easier, faster, and more cost-effective to install and use. eDiscovery solutions make the Electronic Discovery Reference Methodology (EDRM) model, which includes identifying, preserving, collecting, processing, reviewing, producing, and presenting relevant evidence during court disputes, simple and efficient, resulting in reduced time, costs, and manual intervention.

In terms of organization size, large enterprises will hold a large part of the market share during the forecast period. Advanced analytical capabilities in eDiscovery solutions provide businesses with more accurate and useful data insights, particularly during the case evaluation process. Furthermore, to deal with current systems, eDiscovery providers are creating solutions that can interact with a range of systems and fit into any IT environment, making eDiscovery solutions easier, faster, and more cost-effective to install and operate. eDiscovery solutions make the Electronic Discovery Reference Model (EDRM) model, which includes the identification, preservation, collection, processing, review, production, and presentation of relevant data during legal proceedings, simple and efficient, resulting in reduced time, costs, and manual intervention.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 9.50 Billion

Projected Market Size in 2028

USD 13.78 Billion

CAGR Growth Rate

6.40% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Microsoft, IBM, OpenText, Deloitte, Micro Focus, ZyLAB, Relativity, Nuix, Logikcull, KLDiscovery, Exterro, Thomson Reuters, Knovos, Casepoint, Nextpoint, DISCO, Veritas, One Discovery, Congruity360, Onna, Everlaw, Texifter, Allegory, Evichat, Reductech, and Others

Key Segment

By Component, Deployment Type, Organization Size, Vertical, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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logo Regional Landscape

North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America are the five key geographic regions that make up the global eDiscovery market. During the projection period, North America is expected to account for the greatest market share. For important verticals such as government and public sector, legal, BFSI, healthcare and life sciences, and IT and telecommunications, North America is predicted to be the most promising market. COVID-19 has had a huge impact on North America.

The manufacturing sector accounts for 11.6 percent of US economic output, according to the Bureau of Economic Analysis. Various manufacturing enterprises have ceased operations as a result of the lockout, and as a result, they are employing fewer cloud services.

logoCompetitive Landscape

List of Key Players in the Global eDiscovery Market:

  • Microsoft
  • IBM
  • OpenText
  • Deloitte
  • Micro Focus
  • ZyLAB
  • Relativity
  • Nuix
  • Logikcull
  • KLDiscovery
  • Exterro
  • Thomson Reuters
  • Knovos
  • Casepoint
  • Nextpoint
  • DISCO
  • Veritas
  • One Discovery
  • Congruity360
  • Onna
  • Everlaw
  • Texifter
  • Allegory
  • Evichat
  • Reductech

The Global eDiscovery Market is segmented as follows:

logoBy Component Segment Analysis

  • Solutions
  • Processing, Review and Analysis
  • Identification, Preservation and Collection
  • Production and Presentation
  • Services
  • Managed Services
  • Maintenance and Support
  • Training, Consulting and Integration

logoBy Deployment Type Segment Analysis

  • On-premises
  • Cloud

logoBy Organization Size Segment Analysis

  • Large Enterprises
  • SMEs

logoBy Vertical Segment Analysis

  • Government and Public Sector
  • Legal
  • BFSI
  • Energy and Utilities
  • Healthcare and Life Sciences
  • Retail and Consumer Goods
  • Manufacturing
  • IT and Telecommunications
  • Others

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

eDiscovery Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Microsoft
  • IBM
  • OpenText
  • Deloitte
  • Micro Focus
  • ZyLAB
  • Relativity
  • Nuix
  • Logikcull
  • KLDiscovery
  • Exterro
  • Thomson Reuters
  • Knovos
  • Casepoint
  • Nextpoint
  • DISCO
  • Veritas
  • One Discovery
  • Congruity360
  • Onna
  • Everlaw
  • Texifter
  • Allegory
  • Evichat
  • Reductech

Frequently Asked Questions

The global eDiscovery market is predicted to increase at a CAGR of 6.40% during the forecast year.
The global eDiscovery market is expected to reach USD 13.78 billion by 2028, growing at a CAGR of 6.4% during the forecast period.
The widespread adoption of IoT and cloud computing systems has considerably increased the generation of digital data, resulting in an increase in the need for eDiscovery solutions for accessing and retrieving data traces are driving the eDiscovery market.
The North American region is expected to witness maximum growth in the global eDiscovery market during the forecast period.
Some of the major companies operating in the global eDiscovery market are Microsoft, IBM, OpenText, Deloitte, Micro Focus, ZyLAB, Relativity, Nuix, Logikcull, KLDiscovery, Exterro, Thomson Reuters, Knovos, Casepoint, and others
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