Overview:

E-discovery is a process in which the electronic data is sought, located, secured, and searched in order to use that data as an curtail evidence in civil and criminal legal cases.

Market Dynamics:

Developing legal regulatory scenario, increasing number of civil and criminal cases across the globe, increasing data protection regulations is resulting in demand for e-discovery these are major factors expected to drive growth of the global e-discovery market. In addition, rapid digitization in developed and developing countries and increasing social interaction between organization structures are among other factors expected to boost the growth of target market.

However, factor such as high cost associated to platform and services is expected to hamper the growth of global e-discovery market to a certain extent.

Key Trends:

Major players approach towards strategic business partnership and agreements coupled with introduction of innovative solutions is the key trend observed in the target market. In 2016, IBM and McMillan LLP a business law firm that specializes in financial services, commercial real estate, corporate restructuring and insolvency, bankruptcy and natural resource law signed a collaborative agreement in order to develop new software platform offering leading national law firm’s better insight into its legal services.

Regional Analysis:

For detailed understanding of market dynamics, the global e-discovery market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2018, owing to high adoption of IoT devices from enterprises and approach towards enhancing the social presence. In addition, presence of large number of players operating in the country and introduction of innovative solutions are other factors expected to support the growth of target market.

Scope of the Report:

Detailed Segmentation:

Global E-Discovery Market, By Component:

• Services
• Software

Global E-Discovery Market, By Deployment Mode:

• On-premises
• Cloud

Global E-Discovery Market, By Enterprise Size:

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Global E-Discovery Market, By Vertical:

• BFSI
• Retail and Consumer goods
• healthcare and life sciences
• manufacturing
• Legal
• IT and Telecommunications
• Others (Government and Public sector, education, media and entertainment, travel and hospitality, and transportation and logistics)

Key Players Covered:

Key players operating in the market includes Cicayda LLC, Cloud nine, LogiKull, Lexbe, Ernst and Young, Global limited, Advanced discovery, IBM Corporation, FTI Technologies LLC, kCura LLC, ZyLAb, D4 LLC and Navigant Consulting.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global E-Discovery Market by component, deployment mode, enterprise size, vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global E-discovery market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.