E-discovery is the procedure of detecting, gathering, and presenting digital information to other parties in litigation. This process is based on the EDRM, or electronic discovery reference model, which takes into account various steps such as information identification, data preservation, data collection, review analysis, and production. Demand for cloud-based E-discovery software and services is growing as more businesses adopt cloud computing technologies.
The growing volume of big data in enterprises is propelling the global E-discovery market forward. Also, the introduction of government regulation to support E-discovery process implementation is expected to increase the uptake of E-discovery software and services over the forecast period. However, lack of awareness and the high initial cost is likely to stymie the E-discovery market's growth.
Report Scope
This report analyses the global E-Discovery market in terms of type, service, end-user, and geography. The global e-discovery market has been segmented based on type into software and services. The service segment is further sub-segmented into consulting service, implementation and integration service, outsourcing service, and support service.
On the basis of end-user, the global e-discovery market is segmented into government agencies, enterprises, and law firms. The enterprise segment is further sub-segmented into large enterprises and small- and mid-sized enterprises. The global E-discovery market is divided into four major regions: North America, Europe, Asia Pacific, and the Rest of the World.
Major players in the E-discovery market are focused on acquiring small regional vendors to enter untapped markets and enhance their customer bases. Also, the introduction of advanced solutions is another major strategy followed by key players to capitalize on the market.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled "Global EDiscovery Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global EDiscovery market.
Target Audience
Industry Investors
E-discovery solution providers
E-discovery service providers
Government Agencies
On the basis of end-user, the global e-discovery market is categorized into the following segments:
Government Agencies
Enterprise
Large Enterprise
Mid- and small-sized enterprises
Law Firm
At present, the government agency segment dominates the global e-discovery market. By the end of 2016, the segment is estimated to account for over 50% of the overall market revenue. The increased emphasis of government agencies on improving electronic record management capabilities is driving the uptake of E-discovery solutions and services in this sector. However, the enterprise segment is projected to expand at the highest CAGR over the forecast period. This is mainly driven by the growing digitization of business processes and the implementation of enterprise mobility policies across large and midsized enterprises.
On the basis of service, the global e-discovery market is categorized into the following sub-segments:
Consulting
Implementation and Integration
Outsourcing
Support
Among services, the implementation and integration service was the largest sub-segment in 2015. The consulting and outsourcing sub-segments are expected to witness a healthy CAGR over the forecast period, 2016–2023.
Increased investigation and auditing by government agencies are expected to create enormous opportunities for E-discovery service providers. Also, growing awareness regarding the benefits of the e-discovery process among enterprises, especially in emerging markets such as Brazil, China, and India, is projected to increase the need for e-discovery services, which in turn is expected to fuel market growth.
On the basis of software, the global e-discovery market is categorized into the following sub-segments:
On-premise
Cloud-based
At the moment, the on-premise sub-segment dominates the global E-discovery market, accounting for more than half of the market. However, the cloud-based software sub-segment is projected to outpace the on-premise software sub-segment by the end of 2023. This is mainly driven by the increasing shift of enterprises towards cloud computing technologies to reduce costs associated with IT infrastructure.
On the basis of geography, the global e-discovery market is segmented into the following regions and countries:
North America
U.S.
Canada
Europe
United Kingdom
France
Germany
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Rest of the World
Latin America
Middle East and Africa
In 2015, North America was the largest regional market, capturing over half of the share of the overall market pie. In North America, the U.S. is a major market for e-discovery and service providers. Major end-users in the country, such as government agencies and businesses, are increasingly investing in E-discovery solutions to improve the digital data management process.
However, Europe was the second-largest market in 2015, followed by Asia Pacific, which accounted for over 15% market share. Between 2016 and 2023, the Asia Pacific E-discovery market is expected to grow at the fastest CAGR. The increasing use of E-discovery solutions and services by private organizations to preserve electronically stored information for internal investigation and audit is driving market growth in Asia-Pacific.
Frequently Asked Question:
The market for EDiscovery Market is expected to reach USD$ XX in 2023.
The EDiscovery Market is expected to see significant CAGR growth over the coming years, at 13%.
The report is forecasted from 2016 -2023.
The base year of this report is 2015.
HP Autonomy, Daegis Inc., EMC Corporation. are some of the major players in the global market.
