Ediscovery Market size valued USD 8.8 billion in 2022 and is poised to grow at a CAGR of 7.2% from 2023-2029. Due to increase in focus on proactive governance with data analytics and emergence of new content sources, need to decrease operational budget of legal departments, Increase in number of litigations across the globe, overabundance of stored data, growth in compliance requirements and data protection regulations are the major factors driving the growth of the global EDiscovery market over the forecast timeframe. This report studies global EDiscovery market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global EDiscovery market report includes human demographics; and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global EDiscovery market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Fastest Growing Market
Increase in the adaptation of e-Discovery Services by Government is a key factor drive the global EDiscovery market. Moreover, the focus on decreasing the operational budget of legal departments and increasing number of litigations are expected to drive the eDiscovery market across all regions. The need to adhere to regulatory policies and laws worldwide, and increase in the usage and penetration of mobile devices are other factors that are anticipated to propel the global EDiscovery market over the forecast years.
The key segments covered in the ediscovery market are: by component, application, product and geography
The ediscovery market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The ediscovery market key players are: AccessData (US), Advanced Discovery (US), Catalyst (US), CloudNine (US), Deloitte (US), Driven (US), Epiq (US),
Increase in Lawsuits
Table of Content