eDiscovery Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson

Marketing Manager

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Global eDiscovery Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " eDiscovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-20 28

," the global eDiscovery market size reached US$ 12.4 Billion in 2022.

eDiscovery, or electronic discovery, focuses on identifying and decoding electronically stored information (ESI) for government investigations. The process includes the collection, preservation, processing, analysis, review, and production of digital data keeping the standard law discovery process into consideration. The electronic data can include emails, voicemails, audio or video files, social media data, or presentations. The process of eDiscovery is often complex as it incorporates a large volume of electronic data that is more dynamic and unlike hardcopy evidence. As a result, it is vital to preserve the original metadata to eliminate any chances of tampering with the evidence in the litigation. The emergence of eDiscovery tools has enabled enterprises to review information results faster, which has led to a rise in their adoption in political, legal, privacy, and constitutional matters. Request for a PDF sample of this report: https://www.imarcgroup.com/ediscovery-market/requestsample

Global eDiscovery Market Trends:

Several enterprises are now incorporating cloud computing into their day-to-day operations, which is leading to the generation of huge amounts of electronic data. This, along with the increasing penetration of the internet and rapid digitization, has led to the creation of ESI in high volumes, thereby propelling the demand for eDiscovery solutions. Moreover, the rising cases of felonies like tax frauds and money laundering are also emphasizing the requirement for eDiscovery in governmental institutes. Apart from this, favorable government regulations regarding the adoption of eDiscovery have positively impacted the market growth. For instance, out of the 50 states in North America, 49 states have enabled e-discovery rules. Among these, California is on the top with the most updated laws. Furthermore, collaborations among companies to increase their profitability and market shares are also providing the thrust to the market growth. For instance, IBM introduced Watson Discovery Service in March 2017, which lets developers to implement a machine learning model to understand the deeper level of certain language terms and create search and eDiscovery tools that comprehend data and language on an almost human level.

Looking forward, the market Looking forward, the market is projected to grow at a CAGR of 12.4% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/ediscovery-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Component:

• Services

• Software

Breakup by Deployment Type:

• On-premises

• Cloud-based

• Hybrid

Breakup by End-User:

• Government/Federal Agencies, Legal and Regulatory Firms

• Enterprises

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

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• 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

• etc

1. What was the size of the global eDiscovery market in 2022?

2. What is the expected growth rate of the global eDiscovery market during 2023-2028?

3. What are the key factors driving the global eDiscovery market?

4. What has been the impact of COVID-19 on the global eDiscovery market?

5. What is the breakup of the global eDiscovery market based on the component?

6. What is the breakup of the global eDiscovery market based on the deployment type?

7. What is the breakup of the global eDiscovery market based on the end user?

8. What is the breakup of the global eDiscovery market based on the vertical?

9. What are the key regions in the global eDiscovery market?

10. Who are the key players/companies in the global eDiscovery market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/ediscovery-market/toc

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A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

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