eDiscovery Market

Global eDiscovery Market Size (2024 to 2029)

The global eDiscovery market is predicted to reach USD 11.33 billion in 2024 and USD 18.25 billion by 2029, growing at a CAGR of 10% during the forecast period.

North America, with a large amount of electronically generated information, has emerged as the world's most important regional market for electronic discovery. Government pressure on e-media governance policies is expected to maintain the pace of electronic discovery deployment in this region over the coming years, ensuring North America’s dominance over the global market. Other areas like the Asia Pacific and Europe are among the fastest-growing areas with a higher growth rate.

Global eDiscovery Market Drivers:

The factors driving the eDiscovery market are a substantial increase in the development of litigations worldwide, the emergence of new content sources for data analytics, the proliferation of IoT devices in different fields and verticals, and an overabundance of stored data etc. However, some of the critical constraints like high costs involved in eDiscovery service platforms and contradiction, lack of awareness about the eDiscovery model, and limited personnel & key technical experts in the field of the advanced eDiscovery mechanism are hindering the growth of the said market in the international arena. 

REPORT COVERAGE:

This research Report on the global ediscovery market has been segmented and sub-segmented based on the component, software, services, deployment type, organisational type, vertical, and region.

Global eDiscovery Market - By Component:

• Software  

• Services  

Global eDiscovery Market - By Software:

• Processing               

• Review & Analysis

• Identification         

• Preservation & Collection 

• Production & Presentation      

(Processing, Review & analysis, Identification, Preservation & collection, Production & presentation)

Global eDiscovery Market - By Services:

• Support & Maintenance    

• Managed Services               

• Training    

• Consultation           

• Integration  

(Support & Maintenance, Managed Services, Training, Consultation, Integration)

Global eDiscovery Market - By Deployment Type:

• Cloud-based           

• On-Premises    

(Cloud-based, On-premises)

Global eDiscovery Market - By Organisational Type:

• SMEs         

• Large-scale Enterprises      

(SMEs, Large-scale enterprises)

Global eDiscovery Market - By Vertical:

• BFSI            

• Government & Public Sector           

• Healthcare & Life Sciences               

• Legal          

• IT & Telecommunications 

• Energy & Utilities  

• Manufacturing      

• Retail         

• Others      

(BFSI, Government & Public Sector, Healthcare & life sciences, Legal, IT & telecommunications, Energy & Utilities, Manufacturing, Retail, and Others)

Global eDiscovery Market – By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

KEY MARKET PARTICIPANTS:

The major companies operating in the global ediscovery include AccessData, Advanced Discovery, Catalyst, CloudNine, Commvault, Conduent, Deloitte, Driven, Epiq, and FRONTEO.

RECENT HAPPENINGS IN THE MARKET:

• In June 2017, FTI Technologies introduced the practice of Contract Information Services to help counsel and businesses make key decisions, benefit from negotiations, and meet regulatory requirements.