News:Global eDiscovery Market is estimated to reach USD 20.9 Billion by 2025

eDiscovery Market: Drivers & Restraints

Market Drivers:

Growing Demand for Digitalization

Increasing demand for digitalization services improves the opportunities for increased efficiency and security. The improved systems and technologies would lead to the rising demand for handling digital data more efficiently for the faster availability of relevant information and data during legal cases. However, digital data on electronic platform like email, hard disks, USB storage, social media file shares, cloud storage, Microsoft SharePoint 365 and management system. According to Hence, the growing demand for digitalization is expected to surge the eDiscovery market during the forecast period.

Rising Demand for Litigation Technology

The market demand for eDiscovery is growing owing demand for litigation technology. It helps to improve reviewing, collecting, preserving digital information, and sharing the information related to the production of electronic documents. Moreover, used for to manage large volumes of data and information obtained from different sources. According to Exterro, more than half of law firms (51%) are now moving litigation services in-house to manage their work more efficiently. Therefore, the Rising Demand for Litigation Technology is expected to drive the eDiscovery market during the forecast period.

Market Restraints:

Increasing Cost of eDiscovery Platforms

High cost for the initial installation associated with e-Discovery market is hampering the targeted market group. However, expanding the scope of unique data like collected, processed, reviewed, identified, preserved, and produced may lead to increase in the cost of the market. Hence, Increasing Cost of eDiscovery Platforms market may hinder the growth of eDiscovery

eDiscovery Market: Key Segments

· Based on Deployment Mode: Cloud, On-premises, and Hybrid

· Based on Component: Software, Services, and Solution

· On Based of End-User: Government, Banking, Financial Services, and Insurance, Healthcare, Manufacturing, IT and Telecommunications, Energy and Others

· Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

eDiscovery Market: Report Scope

The report on the eDiscovery market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

· IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

· Open Text Corporation

· Nuix

· Microsoft Corporation

· Micro Focus

· Catalyst Repository Systems

· Deloitte

· FRONTEO Inc

· Thomson Reuters Corporation

· Ricoh

· Other Key Companies

Request for Report Methodology of Global eDiscovery Market @ https://www.forencisresearch.com/ediscovery-market-request-methodology/

eDiscovery Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

eDISCOVERY Market, by Deployment Mode

· Cloud

· On-premises

· Hybrid

eDISCOVERY Market, by Component

· Software

o Identification

o Analysis

o Processing

o Review

· Services

o Consulting services

o Collection services

o Document review services

o Digital forensic investigations

· Solution

o Data Protection

o Legal Hold

o Data Collection

eDISCOVERY Market, by End-User

· Healthcare

· Banking, Financial Services, and Insurance (BFSI)

· Government

· IT and Telecommunication

· Manufacturing

· Energy

· Others

eDISCOVERY Market, by Region

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • US
  • Canada
  • Mexico
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • Brazil
  • Argentina
  • Rest of South America
  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key global players operating in the market?
  • How are the major players leveraging in the existing global market conditions?
  • eDiscovery Market Providers
  • eDiscovery Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of eDiscovery Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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