eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical, & by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2021 – 2027)
eDiscovery Market Size & Growth (2019-2024)
The global eDiscovery market which was valued at USD 10.3 billion in 2018 is now expected to reach USD 18.26 billion by 2024, growing at a Compound Annual Growth Rate (CAGR) of 10% during the forecast period.
North America, with a large amount of electronically generated information, has emerged as the most important regional market for electronic discovery in the world. 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.
Drivers & Restraints
The factors driving the eDiscovery market are a substantial increase in the development of litigations across the world, 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 key constraints like high costs involved in eDiscovery service platforms and contradiction, lack of awareness about 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.
Recent Industry Developments
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.
The global eDiscovery Market report is segmented and sub-segmented as follows:
By Component - (Software, Services)
By Software - (Processing, Review & analysis, Identification, Preservation & collection, Production & presentation)
By Services - (Support & maintenance, Managed services, Training, Consultation, Integration)
By Deployment type – (Cloud-based, On-premises)
By Organisational type – (SMEs, Large-scale enterprises)
By Vertical – (BFSI, Government & Public Sector, Healthcare & life sciences, Legal, IT & telecommunications, Energy & Utilities, Manufacturing, Retail, and Others)
By Region – North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Some of the key market players actively working in eDiscovery industry are:
- AccessData
- Advanced Discovery
- Catalyst
- CloudNine
- Commvault
- Conduent
- Deloitte
- Driven
- Epiq
- FRONTEO, among others
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 eDiscovery Market, By Component
6.1.1 Software
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 eDiscovery Market, By Software
6.2.1 Processing
6.2.2 Review & Analysis
6.2.3 Identification
6.2.4 Preservation & Collection
6.2.5 Production & Presentation
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 eDiscovery Market, By Services
6.3.1 Support & Maintenance
6.3.2 Managed Services
6.3.3 Training
6.3.4 Consultation
6.3.5 Integration
6.3.6 Market Size Estimations & Forecasts (2018-2023)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
6.4 eDiscovery Market, By Deployment Type
6.4.1 Cloud-based
6.4.2 On-Premises
6.4.3 Market Size Estimations & Forecasts (2018-2023)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 eDiscovery Market, By Organizational Type
6.5.1 SMEs
6.5.2 Large-scale Enterprises
6.5.3 Market Size Estimations & Forecasts (2018-2023)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
6.6 eDiscovery Market, By Vertical
6.6.1 BFSI
6.6.2 Government & Public Sector
6.6.3 Healthcare & Life Sciences
6.6.4 Legal
6.6.5 IT & Telecommunications
6.6.6 Energy & Utilities
6.6.7 Manufacturing
6.6.8 Retail
6.6.9 Others
6.6.10 Market Size Estimations & Forecasts (2018-2023)
6.6.11 Y-o-Y Growth Rate Analysis
6.6.12 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2023)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Software
7.2.4 By Services
7.2.5 By Deployment Type
7.2.6 By Organizational Type
7.2.7 By Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Software
7.3.4 By Services
7.3.5 By Deployment Type
7.3.6 By Organizational Type
7.3.7 By Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Software
7.4.4 By Services
7.4.5 By Deployment Type
7.4.6 By Organizational Type
7.4.7 By Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Software
7.5.4 By Services
7.5.5 By Deployment Type
7.5.6 By Organizational Type
7.5.7 By Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Software
7.6.4 By Services
7.6.5 By Deployment Type
7.6.6 By Organizational Type
7.6.7 By Vertical
8. Key Player Analysis
8.1 AccessData
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Catalyst
8.3 Advanced Discovery
8.4 CloudNine
8.5 Commvault
8.6 Conduent
8.7 Deloitte
8.8 Epiq
8.9 FRONETO
8.10 FTI
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
- Global eDiscovery Market By Region, From 2019-2024 ( USD Billion )
- Global eDiscovery Market By Component, From 2019-2024 ( USD Billion )
- Global Software Market By Region, From 2019-2024 ( USD Billion )
- Global Services Market By Region, From 2019-2024 ( USD Billion )
- Global eDiscovery Market By Software, From 2019-2024 ( USD Billion )
- Global Processing Market By Region, From 2019-2024 ( USD Billion )
- Global Review & Analysis Market By Region, From 2019-2024 ( USD Billion )
- Global Identification Market By Region, From 2019-2024 ( USD Billion )
- Global Preservation & Collection Market By Region, From 2019-2024 ( USD Billion )
- Global Production & Presentation Market By Region, From 2019-2024 ( USD Billion )
- Global eDiscovery Market By Services, From 2019-2024 ( USD Billion )
- Global Support & Maintenance Market By Region, From 2019-2024 ( USD Billion )
- Global Managed Services Market By Region, From 2019-2024 ( USD Billion )
- Global Training Market By Region, From 2019-2024 ( USD Billion )
- Global Consultation Market By Region, From 2019-2024 ( USD Billion )
- Global Integration Market By Region, From 2019-2024 ( USD Billion )
- Global eDiscovery Market By Deployment Type, From 2019-2024 ( USD Billion )
- Global Cloud-based Market By Region, From 2019-2024 ( USD Billion )
- Global On-Premises Market By Region, From 2019-2024 ( USD Billion )
- Global eDiscovery Market By Organizational Type, From 2019-2024 ( USD Billion )
- Global SMEs Market By Region, From 2019-2024 ( USD Billion )
- Global Large-scale Enterprises Market By Region, From 2019-2024 ( USD Billion )
- Global eDiscovery Market By Vertical, From 2019-2024 ( USD Billion )
- Global BFSI Market By Region, From 2019-2024 ( USD Billion )
- Global Government & Public Sector Market By Region, From 2019-2024 ( USD Billion )
- Global Healthcare & Life Sciences Market By Region, From 2019-2024 ( USD Billion )
- Global Legal Market By Region, From 2019-2024 ( USD Billion )
- Global IT & Telecommunications Market By Region, From 2019-2024 ( USD Billion )
- Global Energy & Utilities Market By Region, From 2019-2024 ( USD Billion )
- Global Manufacturing Market By Region, From 2019-2024 ( USD Billion )
- Global Retail Market By Region, From 2019-2024 ( USD Billion )
- Global Others Market By Region, From 2019-2024 ( USD Billion )
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