eDiscovery Market Size, Share Global Analysis Report, 2022 – 2028

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.

Market 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

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.

Segmentation 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.

Report Scope

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.

Competitive 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:

By 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

By Deployment Type Segment Analysis

• On-premises
• Cloud

By Organization Size Segment Analysis

• Large Enterprises
• SMEs

By 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

By 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