Press release

Electronic Discovery (eDiscovery) Market Size, Share and Future Outlook 2023-2030 | Symantec, Hewlett-Packard, IBM Corporation

 

 
At a compound annual growth rate (CAGR) of 8.7% during the forecast period, it is expected that the size of the worldwide Electronic Discovery (eDiscovery) Market would increase from USD 11.2 billion in 2023 to USD 17.1 billion by 2030. The process of locating, protecting, gathering, processing, examining, and producing electronically stored information (ESI) in response to a legal discovery request is known as electronic discovery or eDiscovery. Numerous types of data, including emails, documents, posts on social media, and voicemails, can be included in ESI.

The market for eDiscovery is driven by a number of factors, such as the expanding amount of digital data that businesses produce, the increased demand for effective data management and legal compliance, and the rise in litigation proceedings in a variety of sectors. Technology breakthroughs like artificial intelligence (AI) and machine learning (ML) are also transforming the eDiscovery process by making data analysis and document examination more precise and effective. The use of cloud-based solutions is one of the most important industry trends in eDiscovery. Scalability, cost-effectiveness, and improved data accessibility are just a few benefits of cloud-based eDiscovery. Organizations are using cloud platforms more often to store and manage their ESI, which makes eDiscovery procedures quicker and more effective.

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The Key companies profiled in the Electronic Discovery (eDiscovery) Market:

The study examines the Electronic Discovery (eDiscovery) Market's competitive landscape and includes data on Symantec, Hewlett-Packard, IBM Corporation, Relativity, Recommind (OpenText Corporation), Microsoft Corporation, AccessData Group, ZyLAB, Xerox Corporation, Logikcull.com, Guidance Software, Micro Focus International PLC, Exterro, Driven, Nuix Pty Ltd, Veritas Technology LLC, CloudNine, Kroll Ontrack LLC, FTI Consulting, Catalyst Repository Systems, Everlaw, Deloitte Touche Tohmatsu & Others.

Global Electronic Discovery (eDiscovery) Market Split by Product Type and Applications

This report segments the Electronic Discovery (eDiscovery) Market on the basis of Types:
Consultation
Data Collection and Processing
Analytics
Managed Services
Hosted Review
Others

On the basis of Application, the Electronic Discovery (eDiscovery) Market is segmented into:
Consultation
Data Collection and Processing
Analytics
Managed Services
Hosted Review
Others

The eDiscovery market is expanding throughout several areas worldwide in terms of market growth. Due to the existence of big eDiscovery service providers and the widespread use of technology in the legal industry, North America accounts for a sizeable portion of the global market. In addition to the United States, Europe and Asia Pacific are becoming into very attractive markets for eDiscovery due to the rise in legal disputes and the implementation of data protection laws.

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Strategic alliances and cooperation between eDiscovery solution vendors and legal service companies are recent trends in the eDiscovery market. These collaborations seek to provide clients with full eDiscovery services by fusing technology know-how with legal subject-matter expertise. With tougher rules and procedures governing the processing and preservation of sensitive information throughout the discovery process, there is also an increasing emphasis on data privacy and security in eDiscovery.

Cumulative Impact of COVID-19 on Market:
A few countries' economies and territories have suffered as a result of the COVID-19 episode's lockdowns, travel economic sanctions, and friend dismissals. Due to the pandemic, the global market is one of the primary organizations experiencing significant disruptions such as production network disruptions, innovation event abrogations, and work climate terminations. With its presence and substantial unprocessed material suppliers, China is a global contemporary major economic power.

Reasons Why You Should Buy This Report:
1.To gain an in-depth understanding of Market
2.To obtain research-based business decisions and add weight to presentations and marketing strategies
3.To gain competitive knowledge of leading market players
4.It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
5.It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.

Major Points from Table of Contents:
1 Electronic Discovery (eDiscovery) Market Overview
2 Company Profiles
3 Electronic Discovery (eDiscovery) Market Competition, by Players
4 Electronic Discovery (eDiscovery) Market Size Segment by Type
5 Electronic Discovery (eDiscovery) Market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix...

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FAQs
Which Market Trends Are Driving Changes in the Electronic Discovery (eDiscovery) Market?
What are the types and applications of the Electronic Discovery (eDiscovery) Market sales, revenue, and price analysis?
What are the market's market prospects, market risks, and market overview?
What is the leading business in the market's sales and pricing analysis?

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About Us:
Infinity research reports, custom research reports, and consulting services are all offered by the market research and consulting firm Infinity Research. Our products are solely focused on your need to identify, track, and assess changes in consumer behavior across demographics and industries so that customers may make wiser business decisions. Our market intelligence studies cover a variety of industries, including Healthcare, Touch Points, Chemicals, Types, and Energy, and guarantee accurate and factual research. To guarantee that our clients are aware of the most recent market trends, we regularly update our research services. The professional analysts at Infinity Research come from a wide range of specialties. Our clients can gain an advantage thanks to our expertise in the field and capacity to come up with a workable solution to any research issues.


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