The global eDiscovery market size is expected to reach USD 21.76 Billion in 2028 and register a revenue CAGR of 7.5% over the forecast period, according to the latest report by Reports and Data. Proliferation of IoT and big data, cloud analytics, edge computing, and related technologies among the enterprises is driving market revenue growth. Adoption of digital technologies by governments across the globe is also contributing to the growth of the market.
eDiscovery is the process in which electronic data is sought, located, and secured for the purpose to use it as evidence in criminal or civil cases. The information sought is in an electronic format generally unearthed in case of government investigations, litigations, or Freedom of Information Act requests. Hacking permitted by the court or when government-sanctioned is also a type of eDiscovery. Application of eDiscovery and advanced technologies allows organizations to pull information and records from the huge volume of available data, which includes emails, and eliminates exact copies to reduce the cost and effort of reviewing the remaining content.
An increase in usage of data analytics and emergence of new content source is propelling the growth of the market. Application of advanced eDiscovery platforms and tools is an ideal way to protect against sanctions and gain positive outcomes. These kinds of eDiscovery solutions are cost-effective. A comprehensive eDiscovery software allows parties to expedite search process significantly while enhancing accuracy and increasing actionable findings. Emergence of new content source, focus on proactive governance with data analytics, need to reduce the operational budget of the legal team, increase in the number of complaints and penetration of internet and IoT among big enterprises are contributing to the growth of the market.
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Top Companies Operating in the Global eDiscovery Market:
- Microsoft Corporation,
- IBM Corporation,
- AccessData,
- Opentext Corporation
- Others
Market Segmentation:
By Component Outlook
- Software
- Services
By Deployment Type Outlook
- Cloud
- On-Premises
By Organization Size Outlook
- Large Enterprises
- Small and Medium-Sized Enterprises
By End-use Outlook
- BFSI
- Healthcare
- Telecommunications and IT
- Retail and Consumer Goods
- Government and Public Sector
- Legal
- Energy and Utilities
- Manufacturing
- Others
Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies undertaken by these players
Table of Contents:
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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