The document summarizes the global eDiscovery market. Key points include:
- eDiscovery solutions help organizations facilitate business processes by allowing them to exchange, review, collect, and preserve electronically stored information.
- Increasing mobile device usage, regulatory compliance needs, and a focus on reducing legal costs are driving demand for eDiscovery solutions.
- Vendors are focusing on partnerships, mergers, and acquisitions to expand their footprints and integrate new technologies into their solutions.
- North America currently dominates the market but Asia Pacific is expected to see strong growth in the coming years.
1. eDiscovery Market - Integrate latest technologies 2025
Global eDiscovery Market: Snapshot
eDiscovery solutions and services help organizations to facilitate their busi-
ness procedures. eDiscovery solutions allow users to exchange, review, col-
lect, and preserve information stored in electronic formats. These are used
across various industrial segments such as education, manufacturing, retail,
media and entertainment, transportation and logistics, travel and hospitality,
energy and utilities, IT and telecom, healthcare, insurance (BFSI), financial
services, banking, and legal. Increase in mobile device penetration and usage,
stringent compliance with policies and regulations worldwide, global increase
in litigations, and focus on decreasing operational budget of legal departments
are few of the factors driving the global eDiscovery market.
2. To provide enhanced eDiscovery solutions, various players operating in this
market are undertaking partnerships and are focusing on mergers and acquisi-
tion to expand their footprint. For instance in Feb 2017, Compliance Discov-
ery Solutions, a prominent player providing integrated eDiscovery services,
partnered with another CloudNine. This partnership was intended to integrate
the technologies of both companies to provide improved solutions to the cus-
tomers. Other prominent players in this market include FTI Consulting, Inc.,
Catalyst Repository Systems, Inc., Integreon Managed Solutions, Inc., Epiq
Systems, Inc., Symantec Corporation, Guidance Software, Inc., EMC Corpo-
ration, IBM Corporation, Daegis, Inc., and HP Autonomy.
Due to emergence of digitalization, organizations all over the world are adopt-
ing cloud deployment model for better performance of eDiscovery solutions.
Cloud deployment allows companies to reduce cost associated with mainte-
nance and required IT infrastructure. Furthermore, as cloud deployment al-
lows players to provide solutions to any part of world, various players are fo-
cusing on developing this segment.
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Global eDiscovery Market: Overview
eDiscovery is a set of interlinked processes consisting of preserving, collect-
ing, reviewing, and exchanging information stored in electronic formats.
These formats, universally known as electronically stored information (ESI),
are used by parties to furnish evidence or in response to production in various
legal proceedings such as litigations, government investigations, and right to
information requests. Different types of ESI may include a wide spectrum of
sources such as emails, documents, audio and video files, company-specific
databases, social media content, encrypted data, and cloud-based storage.
With the proliferation of data from myriad sources, including cloud comput-
ing devices and platforms, the processes are rather complex. Since electronic
documents essentially contain metadata, they may be the source of various in-
formation: the date and time the file was created, information on authors and
recipients, and file properties.
4. Global eDiscovery Market: Trends
The increasing application of eDiscovery solutions by several government
agencies for conducting investigations, coupled with the worldwide rise in liti-
gations that mandate the use of ESI as evidence, has propelled the global mar-
ket. The soaring need for proactively using eDiscovery processes as part of
risk mitigation strategies in numerous organizations is expected to fuel the
market over the forecast period. The rapidly rising volume of data across en-
terprises has triggered the need for eDiscovery platforms and services.
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In contrast, the high cost of eDiscovery services is likely to impede the market
to an extent. However, the popularity of cost-effective on-premises services is
anticipated to boost the market. The upsurge in the use of social media tools
such as Twitter, Facebook, and LinkedIn in a large number of organizations is
also expected to create ample opportunities for market players.
5. Global eDiscovery Market: Market Potential
An assessment of recent competitive dynamics indicates the emergence of au-
tomated solutions and advanced technologies aimed at simplifying the work-
flow of eDiscovery projects. Automation solutions are increasingly being de-
manded by several law firms and corporate users to accelerate eDiscovery
processes.
Recently, Compliance Discovery Solutions, a pioneer in offering integrated
eDiscovery services, partnered with CloudNine, an eDiscovery automation
software company, for technology integration. The agreement entails integra-
tion of CloudNine’s eDiscovery automation technology with the best-of-breed
discovery-as-a-service (DaaS) offering provided by Compliance. The partner-
ship is significant as CloudNine customers can conveniently access the intu-
itive DaaS environment. This will help them simplify eDiscovery workflows
spanning across routine audits to complex technologies. Using the tool, the
user can accelerate the uploading and processing of ESI without making any
additional investment in dedicated servers, hardware, and software.
6. In yet another promising development, Veritas Technologies, a leading infor-
mation management company, announced its plan to expand its partnership
with Google to provide customers access to increased capabilities of its 360
Data Management capabilities. Furthermore, the partnership will ensure the
clients’ readiness to eDiscovery solutions. In addition, the company has an-
nounced a set of innovative solutions with Google Cloud, which will offer
users extensive eDiscovery support for its G Suite Enterprise offering.
Global eDiscovery Market: Regional Outlook
North America is a prominent market for eDiscovery solutions and platforms.
The market is expected to witness impressive growth along the forecast pe-
riod. The growth is attributed to stringent compliances across enterprises to
preserve data and the rising inclination of various government agencies to-
ward the adoption of eDiscovery solutions. In addition, the increasing empha-
sis of law enforcement agencies to make attorneys and lawyers familiar with
ESI in the U.S. has spurred the demand for eDiscivery offerings. Furthermore,
the launch of intuitive and interactive solutions on varied cloud models is ex-
pected to propel the regional market.
7. However, in the coming years, the regional market may lose some revenue to
emerging markets such as Asia Pacific and South Africa. The rapid pace of in-
dustrialization in Asia Pacific has spurred the usage of mobile devices in en-
terprises, catapulting the need for managing ESI and boosting the regional
market.
Global eDiscovery Market: Competitive Landscape
Leading vendors are making partnerships and entering into agreements with
global technology companies to consolidate their market shares. Several play-
ers are offering cloud-based solutions to gain a stronghold in the market. Ma-
jor companies operating in eDiscovery market include HP Autonomy, Daegis,
Inc., IBM Corporation, EMC Corporation, Guidance Software, Inc., Symantec
Corporation, Epiq Systems, Inc., Integreon Managed Solutions, Inc., Catalyst
Repository Systems, Inc., and FTI Consulting, Inc.
8. The study presents reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Key trends/opportunities/challenges
Forces defining present and estimated future state of the competitive
landscape
Technological developments
Value chain and stakeholder analysis
9. The regional analysis covers:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
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