Global eDiscovery Market Report to 2031: North America was the Largest Region in 2021


Dublin, April 06, 2023 (GLOBE NEWSWIRE) -- The "eDiscovery Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering.

This report provides the strategists, marketers and senior management with the critical information they need to assess the global ediscovery market.

The global ediscovery market is expected to grow from $12.09 billion in 2021 to $13.18 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The ediscovery market is expected to grow to $17.86 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%.

Major players in the ediscovery market are Casepoint LLC, CloudNine, Commvault Systems Inc, Conduent Incorporated, CS Disco Inc, Driven Inc, Epiq Systems Inc, Exterro Inc, Fronteo Inc, Reveal Data Corporation, International Business Machines Corporation, Ipro Tech LLC, Knovos LLC, Lighthouse eDiscovery Inc, Catalyst Repository Systems, Consilio LLC, Everlaw Inc, Guidance Software Inc and ONE Discovery Inc.

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The ediscovery market consists of sales of e-discovery services by entities (organizations, sole traders, and partnerships) that are services used for obtaining and exchanging electronic data that is sought, located, secured and searched by organizations in the initial phases of litigation.

They are used when involved parties are required to provide relevant records and evidence related to a case. Electronic discovery also referred to as electronic discovery process of obtaining and exchanging evidence in a legal case or investigation.

The main types of e-discovery market components are solutions and services. Solutions are used to facilitate and automate the process of eDiscovery, which includes identifying, collecting, preserving, processing, reviewing, and analyzing digital data that supports the legal discovery process.

A solution as a component refers to an action or process of solving a problem. They are used by large enterprises and small and medium enterprises. The various deployment types are on-premises, cloud-based, and hybrid. The various end users are BFSI, retail sector, healthcare, manufacturing, IT and telecommunication, government, energy and utility, and others end users.

North America was the largest region in the ediscovery market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ediscovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Technological advancement is a key trend gaining popularity in the eDiscovery market. Major market players are focusing on the implementation of advanced technologies that work on cloud-based technology to strengthen their position in the market.

For Instance, in March 2022, Epic systems Inc., a US-based software solutions company, launched the Epiq Service Cloud to Empower Legal Service Delivery Excellence for Corporate Legal Departments and Law Firms. A collection of intelligence and productivity tools may be found in the Epiq Service Cloud. With the help of cloud technology services that help to provide a centralized digital experience for Epiq's proprietary technology and other third-party industry tools.

The countries covered in the ediscovery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Key Attributes:

Report AttributeDetails
No. of Pages175
Forecast Period2022 - 2026
Estimated Market Value (USD) in 2022$13.18 billion
Forecasted Market Value (USD) by 2026$17.86 billion
Compound Annual Growth Rate7.9%
Regions CoveredGlobal

Key Topics Covered:

1. Executive Summary

2. eDiscovery Market Characteristics

3. eDiscovery Market Trends And Strategies

4. eDiscovery Market - Macro Economic Scenario
4.1. COVID-19 Impact On eDiscovery Market
4.2. Ukraine-Russia War Impact On eDiscovery Market
4.3. Impact Of High Inflation On eDiscovery Market

5. eDiscovery Market Size And Growth
5.1. Global eDiscovery Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global eDiscovery Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. eDiscovery Market Segmentation
6.1. Global eDiscovery Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Solutions
  • Services

6.2. Global eDiscovery Market, Segmentation By Organization Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Large Enterprises
  • Small And Medium Enterprises (SEMs)

6.3. Global eDiscovery Market, Segmentation By Deployment Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • On-Premises
  • Cloud-Based
  • Hybrid

6.4. Global eDiscovery Market, Segmentation By End-User Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • BFSI
  • Retail Sector
  • Healthcare
  • Manufacturing
  • IT And Telecommunication
  • Government
  • Energy and Utility
  • Others End Users

7. eDiscovery Market Regional And Country Analysis
7.1. Global eDiscovery Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global eDiscovery Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/fbu74l

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Global Ediscovery Market

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