Global E-Discovery Market Size study, By Component (Solutions, Services), By Deployment Mode (On-premises, Cloud), By Vertical (Government & Public Sector, Banking, Financial Services, and Insurance, Retail & Consumer Goods, IT & Telecommunication, Other

Global E-Discovery Market Size study, By Component (Solutions, Services), By Deployment Mode (On-premises, Cloud), By Vertical (Government & Public Sector, Banking, Financial Services, and Insurance, Retail & Consumer Goods, IT & Telecommunication, Other Verticals), and Regional Forecasts 2022-2028

Global E-Discovery market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Electronic discovery is a method of collecting, identifying, and providing electronically stored information (ESI) that is used for legal investigations. This discovery includes the data of presentations, social media data, documents, investigating emails, databases, voicemails, and audio and video files. This helps in classifying patterns and conducting analytical research, which is used for investigating legal, political, constitutional, and privacy issues. The rising proliferation of smart devices such as smartphones, laptops, etc., and cloud-based services, growing preservation of metadata from electronic documents, coupled with the increasing number of litigations are several prominent factors that are witnessing a surging market demand globally. For instance, according to Statista analysis, in 2021, the worldwide smartphones sale increases to 1535.36 million units from 1378.72 million units in the year 2020. Consequentially, the rapid penetration of smart devices is exhibiting a positive influence on the global market demand across the globe. However, rising incidences of cyberattacks and data theft, along with the high initial capital for investment, installation, and maintenance impede the growth of the market over the forecast period of 2022-2028. Also, the growth of ESI and social media penetration and the emergence of AI-based analytics and predictive coding for E-Discovery are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global E-Discovery market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing incidences of cyberattacks and cybercrime, coupled with the growth of ESI and social media penetration. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing usage of IT, rising government policy support, and technological integration, would create lucrative growth prospects for the E-Discovery market across the Asia-Pacific region.

Major market players included in this report are:
Microsoft Corporation
International Business Machines Corporation (IBM)
Nuix Limited
Logik Systems, Inc
Deloitte Touché Tohmatsu Limited
Casepoint LLC
Exterro, Inc
Nextpoint Inc
OpenText Corporation
Everlaw Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
By Deployment Mode:
On-premises
Cloud
By Vertical:
Government & Public Sector
Banking, Financial Services, and Insurance
Retail & Consumer Goods
IT & Telecommunication
Other Verticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global E-Discovery market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors



Companies Mentioned

Microsoft Corporation
International Business Machines Corporation (IBM)
Nuix Limited
Logik Systems, Inc
Deloitte Touché Tohmatsu Limited
Casepoint LLC
Exterro, Inc
Nextpoint Inc
OpenText Corporation
Everlaw Inc.

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