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Global Electronic Discovery Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Electronic Discovery

The report focuses on the favorable Global “Electronic Discovery market” and its expanding nature. The Electronic Discovery market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • With the evolution of a digital universe and the availability of faster bulk storage devices, electronic information and data constitute a factor that companies are increasingly relying on, owing to the lower maintenance costs of documents and data production across the world. This has led to the challenges faced by the enterprises, in terms of collection and storage of digital data, to be used in litigation and regulatory processes. To manage this electronic data, electronic discovery (e-discovery) solutions are being deployed.
  • E-discovery solutions automate and facilitate the e-discovery process, which includes the identification, preservation, collection, processing, review, analysis, and production of digital data in support of the common law discovery process, in litigation or other investigative proceedings.
  • According to the RAND Corporation, the majority of Fortune 1000 corporations now spend an estimated USD 5 million to USD 10 million, annually, on e-discovery. Moreover, by 2020, it is expected that the data created and copied annually will reach approximately 50 zettabytes (50 trillion gigabytes), further generating a need for e-discovery solutions.
  • With the evolving technological world and the global market, there is an intense competition among companies. With this comes the risk of being targeted by their competitors, through industrial espionage, spreading false information, and leaking confidential information, to damage the company’s brand value in the market.

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    Key Manufacturers

  • IBM Corporation
  • Relativity ODA LLC
  • AccessData Group Inc.
  • ZyLAB, Inc.
  • Xerox Corporation
  • Logikcull.com
  • Guidance Software Inc.
  • Micro Focus International plc
  • Exterro Inc.
  • Driven Inc
  • Nuix Pty Ltd
  • Veritas Technology LLC
  • CloudNine
  • Kroll Ontrack LLC
  • FTI Consulting Inc
  • Microsoft Corporation
  • Catalyst Repository Systems Inc.
  • Everlaw Inc
  • Deloitte Touche Tohmatsu Limited

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Electronic Discovery market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Electronic Discovery market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Electronic Discovery market have also been involved in the study.

    Scope of the Report:

  • Electronic discovery is the electronic aspect of recognizing, collecting and producing electronically stored information (ESI) in response to a request for production in a lawsuit or investigation. ESI comprises, but is not limited to, emails, documents, presentations, databases, voicemail, audio and video files, and social media.

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    TOC of Electronic Discovery Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Electronic Discovery market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Electronic Discovery Market Report Covered:

    • The report analyses how Electronic Discovery market will grow in the future.
    • Analyzing various perspectives of the Electronic Discovery market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Electronic Discovery market shares and policies employed by the major market players.
    • Competitive landscape including the Electronic Discovery market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Electronic Discovery market players

    Key Market Trends:

    The Rising Adoption of e-Discovery Services by Government Sector

    Government departments across the world have recognized the value of electronic records for various investigations. Various institutions, such as The Civil Division of the Department of Justice, have been insisting on the impotence of such electronic records.
    Governments have various regulations to be checked, when it comes to the establishment of new companies, etc. The recent case of “Paradise papers” emphasizes the need for e-discovery in governmental institutes for finding various felonies committed, such as money laundering, tax frauds, etc.
    Cases in the past faced by the US government, such as accusations against 19 defendants participating in a criminal conspiracy, has been side-tracked. This has been done by providing about 200 TB of data, out of which only 8 TB of data was relevant to the case. Even the 8TB data was not in a relevant format to search. Such cases indicate the importance of e-discovery for governments.
    Federal legal professionals are yet to use e-discovery extensively. It has been estimated that only 38% of them can show accurate, trustworthy information. Government professionals have less confidence in e-discovery software. But, with the growing electronically stored information (ESI), this is bound to change.

    North America Expected to Remain the Largest Market for Electronic Discovery Solutions

    North America is the largest market for electronic discovery solutions in the world. Out of all the 50 states in the country, 49 states have already enacted e-discovery rules. Hawaii, being the youngest of all the states, has not yet appeared on the list and is making its efforts to establish e-discovery rules. California has most recently regulated e-discovery laws in the country. In 2009, after the California Code of Civil Procedure was amended by the Electronic Discovery Act to address the discovery of electronically stored information, further amendments have taken places even in 2012 that became effective in 2013.
    This makes the State of California have the most updated laws on e-discovery. E-discovery solutions are put to work when situations like lawsuits, internal investigation, mergers & acquisitions, and data breach events occur. In the case of the United States, lawsuits and data breach incidents prove to be the trigger in most of the cases.
    According to the data from the Administrative Office of the US Courts, 2017, the US courts of appeals filings rose 10% from 2016. The bankruptcy appellate panels reported that filings rose 1% while the filings for the Federal Circuit rose 11%. In the US district courts, filings of civil cases also rose by 6% in 2017 from 2016. This scenario, with highly penetrated electronic discovery laws in the country, is enabling the use of e-discovery solutions to mine the required data and present it to the court.

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    Study objectives of Electronic Discovery Market Report:

    • To provide a detailed analysis of the market structure along with the Electronic Discovery market forecast of various segments and sub-segments of the Electronic Discovery market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Electronic Discovery market trends that influence the global Electronic Discovery market

    Detailed TOC of Electronic Discovery Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Scope of the Study

    2 RESEARCH METHODOLOGY
    2.1 Study Assumptions
    2.2 Analysis Methodology
    2.3 Research Phases

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increase in Lawsuits
    4.3.2 Digitization of Information
    4.3.3 Need for Securing Information
    4.4 Market Restraints
    4.4.1 Language Translation
    4.4.2 Higher Costs of E-discovery Solutions
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porters Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Service
    5.1.1 Professional Service
    5.1.2 Managed Service
    5.2 By Software
    5.3 By Deployment
    5.3.1 SaaS
    5.3.2 On-premise
    5.3.3 Hosted
    5.4 By End User
    5.4.1 Government (Federal Agencies)
    5.4.2 Energy & Utility
    5.4.3 IT and Telecommunication
    5.4.4 Transportation & Logistics
    5.4.5 Healthcare
    5.4.6 Media & Entertainment
    5.4.7 BFSI
    5.4.8 Other End Users
    5.5 Geography
    5.5.1 North America
    5.5.1.1 US
    5.5.1.2 Canada
    5.5.2 Europe
    5.5.2.1 Germany
    5.5.2.2 UK
    5.5.2.3 France
    5.5.2.4 Russia
    5.5.2.5 Italy
    5.5.2.6 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 Japan
    5.5.3.3 India
    5.5.3.4 South Korea
    5.5.3.5 Australia
    5.5.3.6 Rest of Asia-Pacific
    5.5.4 Latin America
    5.5.4.1 Brazil
    5.5.4.2 Argentina
    5.5.4.3 Mexico
    5.5.4.4 Rest of Latin America
    5.5.5 Middle East and Africa
    5.5.5.1 UAE
    5.5.5.2 Saudi Arabia
    5.5.5.3 Israel
    5.5.5.4 Rest of Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Relativity ODA LLC
    6.1.3 AccessData Group Inc.
    6.1.4 ZyLAB, Inc.
    6.1.5 Xerox Corporation
    6.1.6 Logikcull.com
    6.1.7 Guidance Software Inc.
    6.1.8 Micro Focus International plc
    6.1.9 Exterro Inc.
    6.1.10 Driven Inc
    6.1.11 Nuix Pty Ltd
    6.1.12 Veritas Technology LLC
    6.1.13 CloudNine
    6.1.14 Kroll Ontrack LLC
    6.1.15 FTI Consulting Inc
    6.1.16 Microsoft Corporation
    6.1.17 Catalyst Repository Systems Inc.
    6.1.18 Everlaw Inc
    6.1.19 Deloitte Touche Tohmatsu Limited

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

    Name: Ajay More

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    Email: [email protected]

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