The Business Research Company’s report on the eDiscovery Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the ediscovery market?
The increase in amount of electronically stored information is expected to drive the demand for the eDiscovery market going forward. Data that is generated, updated, sent, and stored digitally is referred to as electronically stored information (ESI). In the recent past, growing digitization has seen an explosion in electronically stored information. The amount, formats, and sources of electronically stored information that needs to be recorded are becoming more diverse. eDiscovery tools are used to perform digital investigation tasks for electronically stored data. Also, it helps in exchanging evidence in a legal case or investigation directly through the database. For instance, in September 2024, according to the reports published by the Department for Science, Innovation & Technology, a UK-based organization, in 2022, provisional estimates show that the digital sector contributed £158.3 billion to the UK economy. This was 7.2% of total UK GVA, compared to 7.1% in 2021. . Therefore, the increasing amount of electronically stored information is driving the growth of the eDiscovery market.
Access Your Free Sample of the Global eDiscovery Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7498&type=smp
How has the ediscovery market size evolved, and what are the latest forecasts for its expansion?
The ediscovery market size has grown strongly in recent years. It will grow from $14.27 billion in 2024 to $15.14 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased volume of electronic data, continued growth in cybersecurity threats and incidents,, rise in legal and regulatory investigations, growing number of litigations, need for efficient and cost-effective eDiscovery solutions.
The ediscovery market size is expected to see rapid growth in the next few years. It will grow to $22.5 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to growing need for data privacy and security, increasing use of blockchain technology, growing demand for eDiscovery services in emerging economies, globalization, and cross-border data discovery challenges, increasing complexity of data sources and types. Major trends in the forecast period include adoption of technology-assisted review (tar) in eDiscovery, integration of analytics and predictive coding in eDiscovery, emphasis on data privacy and protection, rise of remote and mobile eDiscovery solutions, evolution of technology-driven eDiscovery workflows.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7498&type=smp
Which major companies dominate the ediscovery market?
Major companies operating in the ediscovery market include Casepoint LLC, CloudNine Discovery Services Inc., Commvault Systems Inc., Conduent Incorporated, Conduent Inc., International Business Machines Corporation, Microsoft Corporation, KLDiscovery Inc., Deloitte Touche Tohmatsu Limited, Epiq Systems LLC, Exterro Inc., FTI Consulting Inc., Open Text Corporation., Zapproved Inc., Logikcull Inc., Everlaw Inc., Veritas Technologies LLC, ZyLAB Technologies LLC, Consilio LLC, ONE Discovery, Absolute Software Corporation, Amazon Web Services Inc., Iron Mountain Incorporated, Micro Focus International plc
What trends will shape the future of the edible films and coatings market?
Technological advancement is a key trend gaining popularity in the eDiscovery market. Major market players are focusing on the implementation of advanced technologies that work on cloud-based technology to strengthen their position in the market. For Instance, in March 2022, Epic systems Inc., a US-based software solutions company, launched the Epiq Service Cloud to Empower Legal Service Delivery Excellence for Corporate Legal Departments and Law Firms. A collection of intelligence and productivity tools may be found in the Epiq Service Cloud. With the help of cloud technology services that help to provide a centralized digital experience for Epiq’s proprietary technology and other third-party industry tools.
Which region dominates the ediscovery market, and what factors contribute to its leadership?
North America was the largest region in the eDiscovery market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eDiscovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/ediscovery-global-market-report
How is the ediscovery market segmented, and which segment holds the largest share?
The ediscovery market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SEMs)
3) By Deployment Type: On-Premises, Cloud-Based, Hybrid
4) By End-User Vertical: BFSI, Retail Sector, Healthcare, Manufacturing, IT And Telecommunication, Government, Energy and Utility, Other End Users
Subsegments:
1) By Solutions: Software, Hardware
2) By Services: Consulting Services, Managed Services, Support And Maintenance Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7498
How is the ediscovery market defined, and what are its core characteristics?
eDiscovery refers to services used for obtaining and exchanging electronic data that is sought, located, secured, and searched by organizations in the initial phases of litigation. They are used when involved parties are required to provide relevant records and evidence related to a case. Electronic discovery, also referred to as electronic discovery process of obtaining and exchanging evidence in a legal case or investigation.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
