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2023

Global eDiscovery Market

Global eDiscovery Market Size, Share, Competitive Landscape and Trend Analysis Report by Offerings, by Organization Size, by Use Cases, by End Use Vertical : Global Opportunity Analysis and Industry Forecast, 2022-2031

IC : High Tech, Enterprise & Consumer IT

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Author's: Akansha Priya Gandham| Ankit Mahesh Gupta | Onkar Sumant
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The global global ediscovery market was valued at $10.9 billion in 2021, and is projected to reach $25.2 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031.

EDiscovery is described as a collection of processes for identifying, protecting, obtaining, analyzing, reviewing, and producing electronically stored information (ESI). It is frequently used in civil or criminal litigation proceedings, as well as to fulfill government investigations. Emails, articles, images, spreadsheets, voice recordings, internet outlets, computer applications, and other kinds of ESIs are widely used as eDiscovery resources.

Previously, eDiscovery solutions were distinct sets of software capabilities that dealt primarily with ESI collection and review. However, recently, the electronic discovery reference model (EDRM) was developed to give a structure of clauses to assist clients in implementing eDiscovery solutions in a better way. This model has also enabled manufacturers and service providers to improve compatibility amongst their solutions.

Global eDiscovery Market

The eDiscovery market share is expected to witness notable growth during the forecast period, owing to increase in protection of Metadata. Furthermore, rise in adoption of digitalization and artificial intelligence (AI) drives the growth of the market. However, high initial cost of installation and maintenance of eDiscovery data are the prime factors restraining the market growth. On the contrary, surge in market penetration in various end-use verticals is expected to propel the eDiscovery market growth during the forecast period.

The global ediscovery industry is segmented into Offerings, Organization Size, Use Cases and End Use Vertical.

Global eDiscovery Market
By Offerings
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On basis of offerings, solution segment is expected garner highest market share during the forecast period.

eDiscovery solutions help to automate and enhance the electronic discovery process. This process includes various eDiscovery solution such as forensics & collections, processing & hosting, data analytics, document review, contract solutions, business advisory solutions, spend management solutions and others. These solutions help attorneys the extract the valuable data, concerned to lawsuit and eliminate the manual process. Therefore, eDiscovery solutions assist the legal analysis to speed up the procedure well as lessen the jeopardies in the process of valuable data extraction concerned to the legal proceedings. Therefore, aforementioned factor have led to increasing adoption of eDiscovery solution market durng the forecast period.

Global eDiscovery Market
By Organization Size
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Large Enterprises segment is expected to secure leading position during forecast period.

eDiscovery forensics & collections solution assists in converting massive volumes of electronically stored information (ESI) into documentary evidence appropriate for evaluation and investigation. In addition, rising acceptance of hybrid working modules have enabled online-based business advisory and eDiscovery spend management solutions for various large enterprises.

Global eDiscovery Market
By Use Cases
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Early Case Assessment segment is projected as one of the most lucrative segments.

With early case evaluation, legal teams may decide whether to pursue an early settlement, go to trials, or try to reduce the scope of eDiscovery to make it less costly and difficult for the clients. Regaining charge of eDiscovery early in the process enables legal teams to effectively reduce material, assist evaluators in being more productive, and ensure that the process is credible. Utilizing eDiscovery use case for early case assessment to evaluate documents from collections and find important documents management.

Global eDiscovery Market
By End Use Vertical
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IT & Telecommunications is expected to grow with impressive CAGR.


IT and telecom operational units are huge private and commercial data servers. These data centres have vital information from various individual, commercial, and government sectors, which with the help of eDiscovery is transformed into legitimate evidence during the course of legal actions. Therefore, IT & telecommunication data storage & operation units demand enhanced eDiscovery solution that provide elevated digital forensics, AI data analytics review, legal advisory solutions and spend management solutions. eDiscovery services supervise in constructive effective clauses and laws for maintenances of resources, enhancing digital data security, reducing hardware and manual data collection costs. Therefore, eDiscovery service market aids the operational efficiency for various end-users.

Global eDiscovery Market
By Region
2031
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific is expected to continue its dominance during the forecast period.

Existence of developing countries such as India and China, on enhancing productivity and optimizing costs of e-discovery, legal, and regulatory expenses across companies in Asia-Pacific. Therefore, during the forecast period Asia-Pacific is expected to witness significant growth in this market.

TOP IMPACTING FACTORS

Significant factors that impact the growth of the global eDiscovery industry include increase in protection of Metadata, rise in adoption of digitalization, and dependency on artificial intelligence (AI). However, high initial cost of installation and maintenance hampers the growth of the market. On the contrary, surge in market penetration in various end-use verticals is expected to offer potential growth opportunity for the eDiscovery market during the forecast period.

COMPETITION ANALYSIS

Competitive analysis and profiles of the major eDiscovery market players, such as CloudNine, CS DISCO Inc., Deloitte Touché Tohmatsu Limited, International Business Machines Corporation, KLDiscovery Limited, Lighthouse eDiscovery Inc., Microsoft Corporation, Nuix Limited, Onna Technologies Inc. and ZyLAB Technologies are provided in this report.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the eDiscovery market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The global eDiscovery software market is highly competitive, owing to the strong presence of existing vendors.
  • The overall eDiscovery market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current eDiscovery market forecast is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
  • The report includes the market share of key vendors and eDiscovery market trends.

Global eDiscovery Market Report Highlights

Aspects Details
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Market Size By 2031

USD 25.2 billion

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Growth Rate

CAGR of 8.9%

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Forecast period

2021 - 2031

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Report Pages

332

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By Offerings
  • Solutions
    • Solutions
      • Forensics and Collections 
      • Processing and Hosting
      • Data Analytics
      • Document Review
      • Contract Solutions
      • Business Advisory Solutions
      • Spend Management Solutions
      • Others
  • Services
    • Services
      • Document Processing and Administrative Support
      • Shared Services
      • Trustee Services
      • Contact Centre Services
      • Others
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By Organization Size
  • Large Enterprise
  • SMEs
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By Use Cases
  • Investigation
  • Litigation and Legal Operations
  • Early Case Assessment
  • Others
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By End Use Vertical
  • Government and Public Sector
  • Legal
  • BFSI
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Retail and Consumer Goods
  • IT and Telecommunications
  • Others
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By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Lighthouse eDiscovery Inc., Microsoft Corporation, Cloudnine Hospitals Pvt Ltd., Nuix Limited, Onna Technologies Inc., International Business Machines Corporation, KLDiscovery Limited, ZyLAB Technologies, CS DISCO Inc., Deloitte Touche Tohmatsu Limited

Analyst Review

EDiscovery is an abbreviation for electronic discovery that is described as the method of discovery in civil litigation that is conducted electronically. It includes electronically stored information (ESI) data. Emails, online messaging, papers, accounting databases, Internet sites, and any other electronic material that might be significant evidence in a case are examples of ESI. EDiscovery also includes original information and metadata, which forensic investigators might evaluate for undisclosed evidence.

The global eDiscovery market is highly competitive, owing to the strong presence of existing vendors. EDiscovery vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

The eDiscovery market is anticipated to expand significantly during the forecast period due to enhanced Metadata preservation. In addition, the expansion of the market has been propelled by the increase in usage of digitalization and artificial intelligence (AI). However, the initial high cost of implementation and maintenance is the major factor hindering market expansion. On the contrary, increase in economic penetration across various end-use verticals is expected to promote eDiscovery market growth during the forecast period.

Among the analyzed regions, North America exhibits the highest adoption rate of eDiscovery and has been experiencing massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries, such as China, Japan, and India, investing in these technologies. Regions, such as Europe, are also expected to offer new opportunities in the eDiscovery market in future.

Globally, various key players and government agencies are investing in eDiscovery to make them compatible with various industrial platforms. For instance, Association of Certified E-Discovery Specialist (ACEDS) launched flagship training and development course in Canada. This organization is said to promote and train law graduates in legal solutions of digital associated industries to enhance eDiscovery processes. Therefore, as the scope of digital data and cloud technology broadens application of eDiscovery software across various industries. All these developments across eDiscovery showcase lucrative growth opportunities for the market growth. 

The key players profiled in the report include CloudNine, CS DISCO Inc., Deloitte Touché Tohmatsu Limited, International Business Machines Corporation, KLDiscovery Limited, Lighthouse eDiscovery Inc., Microsoft Corporation, Nuix Limited, Onna Technologies Inc., and ZyLAB Technologies.

Author Name(s) : Akansha Priya Gandham| Ankit Mahesh Gupta | Onkar Sumant
Frequently Asked Questions?

eDiscovery technology is currently appropriate for handling the massive volumes of digital data shared by parties during civil litigation and legal procedures. Therefore, litigation and legal operational units are the leading use cases of Global eDiscovery Market.

$10 billion is the estimated industry size of Global eDiscovery Market.

Increased Metadata protection and rising usage of digitalization and artificial intelligence (AI) fuels the upcoming trends of Global eDiscovery Market.

Asia-Pacific is the largest regional market for Global eDiscovery Market.

KLDiscovery Limited, Microsoft Corporation, Nuix Limited, International Business Machines Corporation and Deloitte Touché Tohmatsu Limited are the top companies to hold the market share in Global eDiscovery Market.

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Global eDiscovery Market

Global Opportunity Analysis and Industry Forecast, 2022-2031