According to IMARC Group’s latest report, titled “eDiscovery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects the global eDiscovery market to continue its strong growth during the next five years.
View Report TOC, Figures and Tables: https://bit.ly/2NJxEJF
eDiscovery is the process of recognizing, collecting, and exhibiting electronically stored information (ESI) used for legal investigations. It includes emails, documents, presentations, databases, voicemails, social media data, and audio and video files for investigation. eDiscovery also includes raw data and metadata used for tracings hidden evidence by forensic investigators. The evidence is then collected and processed using cyber-forensic techniques and is converted into digital formats for demonstration in the court. They identify patterns and conduct analytical research to investigate legal, constitutional, political, and privacy issues.
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Rapid digitization, along with increasing adoption of the Internet of Things (IoT)-enabled devices and cloud computing systems, has significantly augmented the inception of digital data, therefore, elevating the demand for eDiscovery solutions for information access and recovery. Furthermore, these systems are extensively used by various government organizations to enforce compliance, translation, and data security, thereby further escalating the market growth. Legal and government organizations are also focusing on streamlining their operations and minimizing operational costs by adopting advanced technologies, such as eDiscovery. Additionally, rising cases of felonies, such as money laundering and tax fraud, are also subjected to drive the eDiscovery market in the coming year.
eDiscovery Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Accessdata Group Inc.
- Commvault Systems Inc.
- Conduent Incorporated
- Driven Inc. (Xplenty)
- Fronteo Inc. (Formerly UBIC)
- FTI Consulting
- International Business Machines Corporation
- Micro Focus International Plc
- Nuix Pty Ltd. (Macquarie Group)
- Open Text Corporation
- Veritas Technologies LLC (The Carlyle Group)
- ZyLAB Technologies
The report has segmented the market on the basis of component, deployment type, end-user, vertical and region.
Breakup by Component:
Breakup by Deployment Type:
Breakup by End-User:
- Government Agencies
- Law Firms
Breakup by Vertical:
- Retail and Consumer Goods
- IT and Telecommunication
- Energy and Utilities
- Healthcare and Life Science
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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