The global eDiscovery market is predicted to reach USD 11.33 billion in 2024 and USD 18.25 billion by 2029, growing at a CAGR of 10% during the forecast period.
North America, with a large amount of electronically generated information, has emerged as the world's most important regional market for electronic discovery. Government pressure on e-media governance policies is expected to maintain the pace of electronic discovery deployment in this region over the coming years, ensuring North America’s dominance over the global market. Other areas like the Asia Pacific and Europe are among the fastest-growing areas with a higher growth rate.
The factors driving the eDiscovery market are a substantial increase in the development of litigations worldwide, the emergence of new content sources for data analytics, the proliferation of IoT devices in different fields and verticals, and an overabundance of stored data etc. However, some of the critical constraints like high costs involved in eDiscovery service platforms and contradiction, lack of awareness about the eDiscovery model, and limited personnel & key technical experts in the field of the advanced eDiscovery mechanism are hindering the growth of the said market in the international arena.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
10% |
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Segments Covered |
By Component, Software, Services, Deployment Type, Organisational Type, Vertical, And Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
AccessData, Advanced Discovery, Catalyst, CloudNine, Commvault, Conduent, Deloitte, Driven, Epiq, FRONTEO, and others. |
The major companies operating in the global ediscovery include AccessData, Advanced Discovery, Catalyst, CloudNine, Commvault, Conduent, Deloitte, Driven, Epiq, and FRONTEO.
In June 2017, FTI Technologies introduced the practice of Contract Information Services to help counsel and businesses make key decisions, benefit from negotiations, and meet regulatory requirements.
By Component
By Software
By Services
By Deployment Type
By Organisational Type
By Vertical
By Region
North America
The United States
Canada
Rest of North America
Europe
The United Kingdom
Spain
Germany
Italy
France
Rest of Europe
The Asia Pacific
India
Japan
China
Australia
Singapore
Malaysia
South Korea
New Zealand
Southeast Asia
Latin America
Brazil
Argentina
Mexico
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Lebanon
Jordan
Cyprus
Frequently Asked Questions
The increasing volume of electronic data, stringent legal and regulatory requirements, and a rise in litigation cases are major factors driving the demand for eDiscovery solutions worldwide.
AI is transforming the eDiscovery landscape by automating document review, predictive coding, and data classification. Its global adoption is driven by improved efficiency, reduced costs, and enhanced accuracy in identifying relevant information.
In emerging economies, the challenges include limited awareness of eDiscovery solutions, budget constraints among smaller enterprises, and a lack of standardized regulations. However, increasing digitization is gradually overcoming these barriers.
Future trends in the eDiscovery market include the continued integration of advanced analytics, increased emphasis on data security, and the development of solutions to handle the growing complexity of unstructured data sources.
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