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Electronic Discovery Market

Electronic Discovery Market
  • MMC001380
  • Category: Electrical & Electronics
  • Oct.2021
  • Publisher id : Meridian Market Consultants
  • No. of pages : 212
  • Rating :
  • Format : PDF,PPT

    
    
    


  • Report Description
  • Table Of Content
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Electronic Discovery Market Overview

The report is titled as ‘Electronic Discovery Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the electronic discovery market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The electronic discovery market is expected to grow at a significant rate in the near future.

The global electronic discovery market is estimated to reach at a value of US$ 10.2 Bn by the end of 2020 and expected to reach at a value of US$ 21.8 Bn by 2028 with a significant CAGR of 10.0%

Electronic Discovery Market Definition

Electronic discovery or e-discovery refers to a component of the usual discovery process. In former times, the two parties engaged in a legal conflict would exchange relevant information in the form of material documents. However, in the present times, documents are progressively created electronically or digitally needing a crucial change in the discovery process. Therefore, the “e” in the term e-Discovery stands for electronic.

E-Discovery is the procedure by which the two parties exchange, investigate, and accumulate electronically stored information (ESI) to use it as testimony in any kind of a legal matter. The electronically stored information (ESI)  is a broad term that can sum up an entire myriad of digitally generated content. Microsoft word documents, e-mails, company-specific databases, social media posts, audio and video files all are subjected to the domain of electronically stored information (ESI).

Although the e-discovery approach is lengthy and tricky. It starts immediately after the process of litigation is not too distant and predictable, at which point, barristers from both parties will seek and safeguard the appropriate ESI and make e-discovery requests and challenges. It is essential to safeguard the primary content to prevent alleges of evidence manipulation. The ESI is placed on legal hold while paralegals and barristers look for relevant documents.

Electronic Discovery Market Dynamics

The strengthening of globalization across the world in conjunction with business digitalization has caused a swift surge in cross-frontier e-discovery incidences. E-discovery solutions are accepted and adopted in several different highly regulated vertices, such as healthcare, energy, gas, oil, BFSI, and many others, owing to the various usage proceedings of investigative matters. Thus, e-discovery solutions are cherished by all sizes and kinds of businesses across the world over and over again, which in turn is expected to give major breakthroughs to the growth of the global electronic discovery market in the years to come.

In addition to that, the constantly developing volume of electronic data across numerous sectors all around the world is also one of the major factors that is propelling the demand for e-discovery among the worldwide sectors. For instance, in the recent past, it has been witnessed that 90% of all the documents generated are developed in electronic or digital format. This trend is further projected to propel the adoption of e-discovery solutions in the global markets over the forecast period. Therefore, the global electronic discovery market is expected to witness healthy growth in the forthcoming future.

By the same token, the volume of data is multiplying faster than ever. On top of that, smartphones are also accounting for around half of the worldwide e-commerce transactions and thereby developing tremendous amounts of content. At the same time, the massive upsurge in penetration of the internet and heavy usage impelled by the social network phenomena has further re-engineered the extent and degree of content developed and exchanged. Attributing to which, there is an immense need for firms to administer and control this personal as well as commercial data in order to improve their business competitiveness. Thus, the global electronic discovery market is anticipated to witness significant growth over the coming years.

However, the increasing cases of cyberattacks and data breaching in the present times might keep the growth of the global electronic discovery market within bounds over the upcoming years.

Electronic Discovery Market Segmentation

The global electronic discovery market is segmented on the basis of components, vertices, and regions. On the basis of components, the electronic discovery market is segmented into Software and Services. The software segment is further bifurcated into Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation. On the basis of Vertices, the market is categorized into government and public sector, healthcare, BFSI, legal, IT and telecommunications, and life sciences.

The research report classifies the global electronic discovery market based on components, vertices, and regions.

By Component

Software

Processing

Review and Analysis

Identification

Preservation and Collection

Production and Presentation

Services

By Vertices

Government and Public Sector

Healthcare

Legal

BFSI

IT and Communications

Life Sciences

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Electronic Discovery Market Key Players

The global electronic discovery market is dominated by Microsoft, IBM, OpenText, Deloitte, Micro Focus, ZyLAB, Relativity, Nuix, Logikcull, KLDiscovery, Exterro, Thomson Reuters, Knovos, Casepoint, Nextpoint, DISCO, Veritas, One Discovery, Congruity360, Onna, Everlaw, Texifter, Allegory, Evichat, and Reductech, among others.

MMC Overview on Electronic Discovery Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the electronic discovery market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of electronic discovery

Advantage of electronic discovery

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market

1.    Global Electronic Discovery Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Electronic Discovery Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Electronic Discovery Market Snapshot

2.4.    Global Electronic Discovery Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Electronic Discovery Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Electronic Discovery Assessment and Analysis

3.1.    Electronic Discovery Impact Analysis 

3.2.    Actions to encourage use of MUSIC STREAMING SERVICES

3.3.    Electronic Discovery Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Electronic Discovery Market

4.1.    Impact Analysis of Covid-19 on the global Electronic Discovery market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Volatility In Price 

4.5.    Effect On The Overall Trade 

4.6.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Electronic Discovery Market, By Component

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Component

5.1.2.    BPS Analysis, By Component

5.2.    Market Revenue (US$Mn) and Forecast, By Component

5.2.1.    Software

5.2.1.1.    Processing

5.2.1.2.    Review and Analysis

5.2.1.3.    Identification

5.2.1.4.    Preservation and Collection

5.2.1.5.    Production and Presentation

5.2.2.    Services

5.3.    Global Electronic Discovery Market Attractiveness Index, By Component

6.    Global Electronic Discovery Market, By Vertices

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Vertices

6.1.2.    BPS Analysis, By Vertices

6.2.    Market Revenue (US$Mn) and Forecast, By Vertices

6.2.1.    Government and Public Sector

6.2.2.    Healthcare

6.2.3.    Legal

6.2.4.    BFSI 

6.2.5.    IT and Communications

6.2.6.    Life Sciences

6.3.    Global Electronic Discovery Market Attractiveness Index, By Vertices

7.    Global Electronic Discovery Market, By Region

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Region

7.1.2.    BPS Analysis, By Region

7.2.    Market Revenue (US$Mn) and Forecast, By Region

7.2.1.    North America

7.2.2.    Latin America

7.2.3.    Europe

7.2.4.    Asia Pacific

7.2.5.    Middle East 

7.2.6.    Africa

7.3.    Global Electronic Discovery Market Attractiveness Index, By Region

8.    North America Electronic Discovery Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market Revenue (US$Mn) and Forecast, By Country

8.2.1.    U.S. Electronic Discovery Market

8.2.2.    Canada Electronic Discovery Market

8.3.    North America Electronic Discovery Market Revenue (US$Mn) and Forecast, By Component

8.3.1.    Software

8.3.1.1.    Processing

8.3.1.2.    Review and Analysis

8.3.1.3.    Identification

8.3.1.4.    Preservation and Collection

8.3.1.5.    Production and Presentation

8.3.2.    Services

8.4.    North America Electronic Discovery Market Revenue (US$Mn) and Forecast, By Vertices

8.4.1.    Government and Public Sector

8.4.2.    Healthcare

8.4.3.    Legal

8.4.4.    BFSI 

8.4.5.    IT and Communications

8.4.6.    Life Sciences

8.5.    North America Electronic Discovery Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Component

8.5.3.    By Vertices

9.    Latin America Electronic Discovery Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    Brazil Electronic Discovery Market

9.2.2.    Mexico Electronic Discovery Market

9.2.3.    Rest Of Latin America Electronic Discovery Market

9.3.    Latin America Electronic Discovery Market Revenue (US$Mn) and Forecast, By Component

9.3.1.    Software

9.3.1.1.    Processing

9.3.1.2.    Review and Analysis

9.3.1.3.    Identification

9.3.1.4.    Preservation and Collection

9.3.1.5.    Production and Presentation

9.3.2.    Services

9.4.    Latin America Electronic Discovery Market Revenue (US$Mn) and Forecast, By Vertices

9.4.1.    Government and Public Sector

9.4.2.    Healthcare

9.4.3.    Legal

9.4.4.    BFSI 

9.4.5.    IT and Communications

9.4.6.    Life Sciences

9.5.    Latin America Electronic Discovery Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Component

9.5.3.    By Vertices

10.    Europe Electronic Discovery Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    U.K. Electronic Discovery Market

10.2.2.    Germany Electronic Discovery Market

10.2.3.    Italy Electronic Discovery Market

10.2.4.    France Electronic Discovery Market

10.2.5.    Spain Electronic Discovery Market

10.2.6.    Russia Electronic Discovery Market

10.2.7.    Rest Of Europe Electronic Discovery Market

10.3.    Europe Electronic Discovery Market Revenue (US$Mn) and Forecast, By Component

10.3.1.    Software

10.3.1.1.    Processing

10.3.1.2.    Review and Analysis

10.3.1.3.    Identification

10.3.1.4.    Preservation and Collection

10.3.1.5.    Production and Presentation

10.3.2.    Services

10.4.    Europe Electronic Discovery Market Revenue (US$Mn) and Forecast, By Vertices

10.4.1.    Government and Public Sector

10.4.2.    Healthcare

10.4.3.    Legal

10.4.4.    BFSI 

10.4.5.    IT and Communications

10.4.6.    Life Sciences

10.5.    Europe Electronic Discovery Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Component

10.5.3.    By Vertices

11.    Asia Pacific Electronic Discovery Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    China Electronic Discovery Market

11.2.2.    India Electronic Discovery Market

11.2.3.    Japan Electronic Discovery Market

11.2.4.    Australia and New Zealand Electronic Discovery Market

11.2.5.    South Korea Electronic Discovery Market

11.2.6.    Rest of Asia Pacific Electronic Discovery Market

11.3.    Asia Pacific Electronic Discovery Market Revenue (US$Mn) and Forecast, By Component

11.3.1.    Software

11.3.1.1.    Processing

11.3.1.2.    Review and Analysis

11.3.1.3.    Identification

11.3.1.4.    Preservation and Collection

11.3.1.5.    Production and Presentation

11.3.2.    Services

11.4.    Asia Pacific Electronic Discovery Market Revenue (US$Mn) and Forecast, By Vertices

11.4.1.    Government and Public Sector

11.4.2.    Healthcare

11.4.3.    Legal

11.4.4.    BFSI 

11.4.5.    IT and Communications

11.4.6.    Life Sciences

11.5.    Asia Pacific Electronic Discovery Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Component

11.5.3.    By Vertices

12.    Middle East Electronic Discovery Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    GCC Countries Electronic Discovery Market

12.2.2.    Israel Electronic Discovery Market

12.2.3.    Rest Of Middle East Electronic Discovery Market

12.3.    Middle East Electronic Discovery Market Revenue (US$Mn) and Forecast, By Component

12.3.1.    Software

12.3.1.1.    Processing

12.3.1.2.    Review and Analysis

12.3.1.3.    Identification

12.3.1.4.    Preservation and Collection

12.3.1.5.    Production and Presentation

12.3.2.    Services

12.4.    Middle East Electronic Discovery Market Revenue (US$Mn) and Forecast, By Vertices

12.4.1.    Government and Public Sector

12.4.2.    Healthcare

12.4.3.    Legal

12.4.4.    BFSI 

12.4.5.    IT and Communications

12.4.6.    Life Sciences

12.5.    Middle East Electronic Discovery Market Attractiveness Index

12.5.1.    By Country

12.5.2.    By Component

12.5.3.    By Vertices

13.    Africa Electronic Discovery Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    South Africa Countries Electronic Discovery Market

13.2.2.    Egypt Electronic Discovery Market

13.2.3.    North Africa Electronic Discovery Market

13.2.4.    Rest of Africa Electronic Discovery Market

13.3.    Africa Electronic Discovery Market Revenue (US$Mn) and Forecast, By Component

13.3.1.    Software

13.3.1.1.    Processing

13.3.1.2.    Review and Analysis

13.3.1.3.    Identification

13.3.1.4.    Preservation and Collection

13.3.1.5.    Production and Presentation

13.3.2.    Services

13.4.    Africa Electronic Discovery Market Revenue (US$Mn) and Forecast, By Vertices

13.4.1.    Government and Public Sector

13.4.2.    Healthcare

13.4.3.    Legal

13.4.4.    BFSI 

13.4.5.    IT and Communications

13.4.6.    Life Sciences

13.5.    Africa Electronic Discovery Market Attractiveness Index

13.5.1.    By Country

13.5.2.    By Component

13.5.3.    By Vertices

14.    Competitive Landscape

14.1.    Company Profiles

14.1.1.    Microsoft

14.1.1.1.    Company Overview

14.1.1.2.    Financial Overview

14.1.1.3.    Key Developments

14.1.1.4.    Strategies

14.1.1.5.    Product Analysis

14.1.2.    Reductech

14.1.3.    IBM

14.1.4.    OpenText

14.1.5.    Deloitte

14.1.6.    Micro Focus

14.1.7.    ZyLAB

14.1.8.    Relativity

14.1.9.    Nuix

14.1.10.    Logikcull

14.1.11.    KLDiscovery

14.1.12.    Exterro

14.1.13.    Thomson Reuters

14.1.14.    Knovos

14.1.15.    Casepoint

14.1.16.    Nextpoint

14.1.17.    DISCO

14.1.18.    Veritas

14.1.19.    One Discovery

14.1.20.    Congruity360

14.1.21.    Onna

14.1.22.    Everlaw

14.1.23.    Texifter

14.1.24.    Allegory

14.1.25.    Evichat

15.    Acronyms

Frequently Asked Questions

  • What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
    The global electronic discovery market is estimated to reach at a value of US$ 10.2 Bn by the end of 2020 and expected to reach at a value of US$ 21.8 Bn by 2028 with a significant CAGR of 10.0%
  • What are the key factors driving the growth of market?
    The strengthening of globalization across the world and constantly developing volume of electronic data across numerous sectors all around the world are some of the key factors which are expected to fuel the growth of market
  • What segments are covered in market report?
    The global electronic discovery market is segmented on the basis of components, vertices, and regions.
  • What are the key participating players in the market?
    The global electronic discovery market is dominated by Microsoft, IBM, OpenText, Deloitte, Micro Focus, ZyLAB, Relativity, Nuix, Logikcull, KLDiscovery, Exterro, Thomson Reuters, Knovos, Casepoint, Nextpoint, DISCO, Veritas, One Discovery, Congruity360, Onna, Everlaw, Texifter, Allegory, Evichat, and Reductech, among others.