Global E-Discovery Market
The Global E-Discovery Market is expected to grow from US$ 10.02 Billion in 2021 to US$ 21.09 Billion by 2027; it is estimated to grow at a CAGR of 8.7% from 2021 to 2027.
The process of identifying, gathering, and producing data and information electronically with the aim of using it as evidence in a legal proceeding is known as electronic discovery, or eDiscovery. Because digital data can be searched effectively online, unlike paper documents that must be manually reviewed, it is well suited for the investigation. Service providers, software vendors, and law firms are the three types of providers that cater to the eDiscovery market. Governmental organisations, businesses (IT and legal departments), and regulators are the final consumers of eDiscovery solutions. Additionally, while offering services, law firms and other service providers also use software. Service providers and purchasers of eDiscovery solutions are both served by software vendors.
Drivers: One of the key factors fueling market expansion is the growing amount of ESI (Electronically Stored Information) data. Businesses produce ESI data in a variety of unstructured formats, including emails, instant messages, word processing documents, spreadsheets, shared drive data, data from business applications, voice data, media files, voice recordings, data on the cloud, and data from virtual environments. For instance, the International Data Group estimates that unstructured data is increasing at a rate of 62% annually and that 93% of all data will be unstructured by 2022. This growth is anticipated as more organisations generate, create, store, and transfer data electronically within their own walls.
Restraints: Cybersecurity is crucial for carrying out business operations without hiccups. Since a few years ago, there has been a significant increase in cyberattacks and data breaches, which can be seen as the main restraint on the global e-discovery market. The majority of businesses are unaware of the issue, and their unprotected data ultimately leaves them open to data loss as a result of careless cyberattack practises.
Opportunities: Artificial intelligence (AI) is expected to transform the legal industry. It is anticipated that improvements in AI-based analytics will speed up the discovery process as a whole and improve the efficacy of e-discovery procedures. AI also aids in tasks like audio search signature detection, text classification, translation, and classification, among others. As a result, key vendors involved in the e-discovery market sales are likely to benefit from the integration of analytics and artificial intelligence with e-discovery in a variety of ways.
Impact of Covid-19
Early in 2020, the covid 19 outbreak caused global business and economic conditions to change. E-discovery experts are primarily concerned with making choices that will support the handling, gathering, and reviewing of ESI while also taking future business changes into account. The most frequently brought up subject of conversation is e-discovery solutions among legal, business, and IT professionals who execute and plan the task of data collection during this pandemic.
Segmentation By Component: E-Discovery Market is classified on the basis of Component into Solutions and Services. The E-Discovery market's fastest-growing segment is the software segment. The Electronic Discovery Reference Model (EDRM) model, which identifies, preserves, collects, processes, reviews, produces, and presents the pertinent data during legal proceedings, can be easily and effectively implemented with the help of eDiscovery software, resulting in less time, money, and manual intervention.
Segmentation By Organization Size: E-Discovery Market is classified on the basis of Organization Size into Large Enterprises and SMEs.
Segmentation By Deployment Type: E-Discovery Market is classified on the basis of Deployment Type into Cloud and On-premises.
Segmentation By Region: E-Discovery Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of E-Discovery Market are Microsoft Corporation (Microsoft, US), International Business Machines Corporation (IBM, US), CS DISCO Inc. (DISCO, US), KLDiscovery Limited (KLDiscovery, US), Nuix Limited (Nuix, Australia), Relativity (US), Logik Systems, Inc (Logikcull, US), ZyLAB Technologies (ZyLAB, Netherlands), Deloitte Touché Tohmatsu Limited (Deloitte, US), and Casepoint LLC (Casepoint, US).
Industrial Development
Market Taxonomy
By Component:
By Organization Size:
By Deployment mode:
By Region
Key Questions Addressed by the Report
Global E-Discovery Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sizes
3. Executive Summary
4. Global E-Discovery Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global E-Discovery Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.3 Global E-Discovery Market Size and Forecast, By Component
5.3.1 Solutions
5.3.2 Services
6. Global E-Discovery Market, By Organization Size
6.1 Y-o-Y Growth Comparison, By Organization Size
6.2 Global E-Discovery Market Share Analysis, By Organization Size
6.3 Global E-Discovery Market Size and Forecast, By Organization Size
6.3.1 Large Enterprises
6.3.2 SMEs
7. Global E-Discovery Market, By Deployment Mode
7.1 Y-o-Y Growth Comparison, By Deployment Mode
7.2 Global E-Discovery Market Share Analysis, By Deployment Mode
7.3.1 On-premises
7.3.2 Cloud
8. Global E-Discovery Market, By Region
8.1 Global E-Discovery Market Share Analysis, By Region
8.2 Global E-Discovery Market Size and Forecast, By Region
8.2 Global E-Discovery Market Size and Forecast, By Region
9. North America E-Discovery Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America E-Discovery Market Share Analysis, By Component
9.3 North America E-Discovery Market Size and Forecast, By Organization Size
9.4 North America E-Discovery Market Size and Forecast, By Deployment Mode
9.5 North America E-Discovery Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe E-Discovery Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe E-Discovery Market Share Analysis, By Component
10.3 Europe E-Discovery Market Size and Forecast, By Organization Size
10.4 Europe E-Discovery Market Size and Forecast, By Deployment Mode
10.5 Europe E-Discovery Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe
11. Asia Pacific E-Discovery Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific E-Discovery Market Share Analysis, By Component
11.3 Asia Pacific E-Discovery Market Size and Forecast, By Organization Size
11.4 Asia Pacific E-Discovery Market Size and Forecast, By Deployment Mode
11.5 Asia Pacific E-Discovery Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific
12 Latin America E-Discovery Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America E-Discovery Market Share Analysis, By Component
12.3 Latin America E-Discovery Market Size and Forecast, By Organization Size
12.4 Latin America E-Discovery Market Size and Forecast, By Deployment Mode
12.5 Latin America E-Discovery Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East E-Discovery Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East E-Discovery Market Share Analysis, By Component
12.3 Middle East E-Discovery Market Size and Forecast, By Organization Size
13.4 Middle East E-Discovery Market Size and Forecast, By Deployment Mode
13.5 Middle East E-Discovery Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Microsoft Corporation (Microsoft, US)
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 International Business Machines Corporation (IBM, US),
15.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. CS DISCO Inc. (DISCO, US)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. KLDiscovery Limited (KLDiscovery, US).
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Nuix Limited (Nuix, Australia)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Relativity (US)
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Casepoint LLC (Casepoint, US)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
