eDiscovery Market Report 2023-2028, Size, Share, Industry Analysis, Trends and Forecast

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IMARC Group, a leading market research company, has recently releases report titled “eDiscovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ediscovery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the ediscovery market?

Report Attributes Details
Market Size in 2022 US$ 12.4 Billion
Market Forecast in 2028 US$ 20.0 Billion
Growth rate (2023 to 2028) CAGR of 8.39%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is eDiscovery?

Electronic discovery (eDiscovery) refers to the process of recognizing, collecting, and presenting electronically stored information (ESI) as evidence for legal investigations. It usually consists of emails, documents, presentations, voicemail, audio, video files, databases, social media, and websites. It also comprises raw data and metadata that forensic investigators review to track hidden evidence. It is used for identifying patterns and conducting analytical research required for legal, constitutional, political investigation, and privacy issues.

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What are the growth prospects and trends in the eDiscovery industry?

Considerable growth in the information and technology (IT) industry, along with rapid digitization and the increasing utilization of the Internet of Things (IoT)-enabled devices, represents one of the major factors propelling the market growth. Moreover, the widespread adoption of cloud computing systems has significantly increased the generation of digital data, thereby driving the need for eDiscovery to access and recover traces of information. Besides this, various organizations are adopting advanced technologies to streamline their operations and minimize operational costs, which is positively influencing the market. Additionally, increasing incidences of felonies, such as tax fraud and money laundering, are anticipated to drive the market.tax fraud, are also subjected to drive the eDiscovery market in the coming year.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

  • Services
  • Software

Breakup by Deployment Type:

  • On-premises
  • Cloud-based
  • Hybrid

Breakup by End-User:

  • Government Agencies
  • Enterprises
  • Law Firms

Breakup by Vertical:

  • BFSI
  • Retail and Consumer Goods
  • Manufacturing
  • Legal
  • IT and Telecommunication
  • Government
  • Energy and Utilities
  • Healthcare and Life Science
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Accessdata Group Inc.
  • Commvault Systems Inc.
  • Conduent Incorporated
  • Driven Inc. (Xplenty)
  • Fronteo Inc. (Formerly UBIC)
  • FTI Consulting
  • International Business Machines Corporation
  • Logikcull
  • Micro Focus International Plc
  • Nuix Pty Ltd. (Macquarie Group)
  • Open Text Corporation
  • Veritas Technologies LLC (The Carlyle Group)
  • ZyLAB Technologies

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/ediscovery-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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