
eDiscovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
eDiscovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global eDiscovery market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.39% during 2023-2028.
eDiscovery refers to the process of recognizing, collecting and presenting electronically stored information (ESI) used for legal investigations. It consists of investigating emails, documents, presentations, databases, voicemails, social media data and audio and video files. It also includes raw data and metadata that forensic investigators review to trace hidden evidence. This evidence is further extracted and analyzed using various cyber-forensic procedures and converted to digital formats to be presented into the court. They aid in identifying patterns and conducting analytical research that is used for investigating legal, constitutional, political and privacy issues.
Rapid digitization, along with the increasing utilization of the Internet of Things (IoT)-enabled devices, is one of the key factors driving the growth of the market. Widespread adoption of IoT and cloud computing systems has significantly enhanced the generation of digital data, thereby increasing the demand for eDiscovery solutions for accessing and recovering traces of information. Furthermore, extensive utilization of these systems for enforcing compliance, translation and data security by various government organizations is also providing a boost to the market growth. Litigations are now primarily based on high volumes of electronic data that are retrieved using eDiscovery solutions. The enhanced focus of legal and government organizations to streamline their operations and minimize operational costs by adopting advanced technologies is positively impacting the market growth. Other factors, including an increasing amount of electronically stored information and rising instances of felonies, such as money laundering and tax fraud, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global eDiscovery market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, end-user and vertical.
Breakup by Component:
Services
Software
Breakup by Deployment Type:
On-premises
Cloud-based
Hybrid
Breakup by End-User:
Government/Federal Agencies, Legal and Regulatory Firms
Enterprises
Breakup by Vertical:
BFSI
Retail and Consumer Goods
Manufacturing
Legal
IT and Telecommunication
Government
Energy and Utilities
Healthcare and Life Science
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Accessdata Group Inc., Commvault Systems Inc., Conduent Incorporated, Driven Inc. (Xplenty), Fronteo Inc. (Formerly UBIC), FTI Consulting, International Business Machines Corporation, Logikcull, Micro Focus International Plc, Nuix Pty Ltd. (Macquarie Group), Open Text Corporation, Veritas Technologies LLC (The Carlyle Group), ZyLAB Technologies, etc.
Key Questions Answered in This Report:
What was the size of the global eDiscovery market in 2022?
What is the expected growth rate of the global eDiscovery market during 2023-2028?
What are the key factors driving the global eDiscovery market?
What has been the impact of COVID-19 on the global eDiscovery market?
What is the breakup of the global eDiscovery market based on the component?
What is the breakup of the global eDiscovery market based on the deployment type?
What is the breakup of the global eDiscovery market based on the end user?
What is the breakup of the global eDiscovery market based on the vertical?
What are the key regions in the global eDiscovery market?
Who are the key players/companies in the global eDiscovery market?
Market Overview:
The global eDiscovery market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.39% during 2023-2028.
eDiscovery refers to the process of recognizing, collecting and presenting electronically stored information (ESI) used for legal investigations. It consists of investigating emails, documents, presentations, databases, voicemails, social media data and audio and video files. It also includes raw data and metadata that forensic investigators review to trace hidden evidence. This evidence is further extracted and analyzed using various cyber-forensic procedures and converted to digital formats to be presented into the court. They aid in identifying patterns and conducting analytical research that is used for investigating legal, constitutional, political and privacy issues.
Rapid digitization, along with the increasing utilization of the Internet of Things (IoT)-enabled devices, is one of the key factors driving the growth of the market. Widespread adoption of IoT and cloud computing systems has significantly enhanced the generation of digital data, thereby increasing the demand for eDiscovery solutions for accessing and recovering traces of information. Furthermore, extensive utilization of these systems for enforcing compliance, translation and data security by various government organizations is also providing a boost to the market growth. Litigations are now primarily based on high volumes of electronic data that are retrieved using eDiscovery solutions. The enhanced focus of legal and government organizations to streamline their operations and minimize operational costs by adopting advanced technologies is positively impacting the market growth. Other factors, including an increasing amount of electronically stored information and rising instances of felonies, such as money laundering and tax fraud, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global eDiscovery market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, end-user and vertical.
Breakup by Component:
Services
Software
Breakup by Deployment Type:
On-premises
Cloud-based
Hybrid
Breakup by End-User:
Government/Federal Agencies, Legal and Regulatory Firms
Enterprises
Breakup by Vertical:
BFSI
Retail and Consumer Goods
Manufacturing
Legal
IT and Telecommunication
Government
Energy and Utilities
Healthcare and Life Science
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Accessdata Group Inc., Commvault Systems Inc., Conduent Incorporated, Driven Inc. (Xplenty), Fronteo Inc. (Formerly UBIC), FTI Consulting, International Business Machines Corporation, Logikcull, Micro Focus International Plc, Nuix Pty Ltd. (Macquarie Group), Open Text Corporation, Veritas Technologies LLC (The Carlyle Group), ZyLAB Technologies, etc.
Key Questions Answered in This Report:
What was the size of the global eDiscovery market in 2022?
What is the expected growth rate of the global eDiscovery market during 2023-2028?
What are the key factors driving the global eDiscovery market?
What has been the impact of COVID-19 on the global eDiscovery market?
What is the breakup of the global eDiscovery market based on the component?
What is the breakup of the global eDiscovery market based on the deployment type?
What is the breakup of the global eDiscovery market based on the end user?
What is the breakup of the global eDiscovery market based on the vertical?
What are the key regions in the global eDiscovery market?
Who are the key players/companies in the global eDiscovery market?
Table of Contents
145 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global eDiscovery Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Services
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Deployment Type
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hybrid
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by End-User
- 8.1 Government/Federal Agencies, Legal and Regulatory Firms
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Vertical
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Retail and Consumer Goods
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Manufacturing
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Legal
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 IT and Telecommunication
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Government
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Energy and Utilities
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 Healthcare and Life Science
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
- 9.9 Others
- 9.9.1 Market Trends
- 9.9.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Accessdata Group Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Commvault Systems Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Conduent Incorporated
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Driven Inc. (Xplenty)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Fronteo Inc. (Formerly UBIC)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 FTI Consulting
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 International Business Machines Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Logikcull
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Micro Focus International Plc
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Nuix Pty Ltd (Macquarie Group)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11 Open Text Corporation
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Veritas Technologies LLC (The Carlyle Group)
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.13 ZyLAB Technologies
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
Pricing
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