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Electronic Discovery Market Overview
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. The report is titled as ‘Electronic Discovery Market: Opportunity Analysis and Future Assessment 2020-2028’.
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. Chase Tactical
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. Microsoft
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
14.1.26. Reductech
15. Acronyms
