The E-Discovery market is expected to grow from USD 11.16 Billion in 2020 to USD 19.60 Billion by 2028, at a CAGR of 7.3% during the forecast period 2021-2028.
Electronic discovery, also known as e-Discovery, is an electronic process in which data/information is located, collected, and created to use as evidence in a court dispute. Three types of providers serve the e-Discovery market: service providers, software vendors, and law firms.
Focus on proactive governance with data analytics and the development of new content sources, increase in the number of litigations throughout the globe, increase in ESI and social media penetration, and different regulatory policy structures are primary factors responsible for market expansion. Digital technologies are being used at a faster rate across all industries. Over the last decade, businesses in all sectors have been overwhelmed by a rapid surge of exponential data growth. Data is increasing at a tremendous speed. Furthermore, smartphones account for approximately 45% of worldwide e-Commerce transactions, resulting in many materials. The breadth and size of information generated and delivered have been redefined due to the rise in internet usage fuelled by the social network phenomena. Firms are increasingly required to handle commercial and personal data to improve their competitiveness. Due to these considerations, businesses must investigate effective database applications and build scalable content management systems. However, the rising frequency of cyber-attacks and data theft operations in recent years, as well as a trained professional labor shortage, are hampering the market growth. Some of the opportunities for vendors in the e-Discovery market include the emergence of AI-based analytics for e-Discovery and increased demand for predictive coding to simplify and shorten the document review process. These opportunities are likely to provide new market growth potential for e-Discovery suppliers.
This study delivers a comprehensive analysis of deployment, end-user, and region. Based on the deployment, the E-Discovery Market is segmented into On-Premise and On-Cloud. The On-Premise deployment dominated the market with the largest market share in 2020. In an on-premises delivery strategy, software or solutions are installed and run on the customer's own server and computing equipment. This strategy is most commonly used in applications that process sensitive or confidential data. Because of the usage of machine learning, IT devices, sensors, clickstreams, and a variety of other appliances, every business now creates massive volumes of data. On-premises deployment allows companies to ingest data into their own databases and search for it using e-Discovery software, ensuring data protection. Based on the end-user, the E-Discovery Market is segmented into Government, Legal sector, BFSI, Energy and Utilities, Healthcare, Travel, Hospitality, Transportation and Logistics, IT and Telecommunication, Media and entertainment others. The BFSI segment dominated the market with the largest market share in 2020. The introduction of innovative technology has been critical to the growth of the BFSI industry. Banking consumers can now access real-time banking and financial information services on any device, thanks to advances in digital technology. The use of e-Discovery has increased the transparency and clarity of litigation records. Furthermore, maintaining regulatory compliance and adhering to standard protocols is critical in the BFSI vertical when dealing with legal disputes and locating relevant documents to submit, which can be accomplished using e-Discovery tools.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America held the largest market share in 2020. For important verticals such as government and public sector, legal, BFSI, healthcare and life sciences, and IT and telecommunications, North America is the most active and advanced market. The United States is the most significant revenue contributor to the growth of the North American e-Discovery industry. The United States and Canada are few of the most developed countries, with a tendency for innovation. These countries possess the infrastructure, innovation, and efforts required for the market's evolution in the e-Discovery sector. Furthermore, firms in this region have implemented e-Discovery solutions to govern cyber-security and data breaches, deal with cross-border jurisdictional differences and privacy concerns, manage investigation matters and litigation, and maintain standards to satisfy all discovery requirements.
The significant vendors offering eDiscovery solutions and services worldwide are Microsoft, IBM, OpenText, Deloitte, Micro Focus, ZyLAB, Relativity, Nuix, Logikcull, KLDiscovery, Exterro, Thomson Reuters, Knovos, Casepoint, Nextpoint, DISCO, Veritas, One Discovery, Congruity360, Onna, Everlaw, Texifter, Allegory, Evichat, and Reductech.
E-Discovery Market Analysis and Forecast, Deployment
E-Discovery Market Analysis and Forecast, End-User
E-Discovery Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Deployment
4.3.2. Market Attractiveness Analysis By End-User
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increased digitization and modernisation
5.2.2. Increase in data creation volumes
5.2.3. High digital transactions and social media involvement.
5.3. Restrains
5.3.1. High Setup cost.
5.3.2. Lack of skilled labor.
5.3.3. Increase in cyber-attacks.
5.4. Opportunities
5.4.1. Emergence of AI-based analytics for eDiscovery
6. Global E-Discovery Market Analysis and Forecast, By Deployment
6.1. Segment Overview
6.2. On-Premise
6.3. On-Cloud.
7. Global E-Discovery Market Analysis and Forecast, By End-User
7.1. Segment Overview
7.2. Government
7.3. Legal sector
7.4. BFSI
7.5. Energy and Utilities
7.6. Healthcare
7.7. Travel
7.8. Hospitality
7.9. Transportation and Logistics
7.10. IT and Telecommunication
7.11. Media and entertainment
8. Global E-Discovery Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global E-Discovery Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global E-Discovery Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Microsoft
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. IBM
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. OpenText
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Deloitte
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Micro Focus
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. ZyLAB
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Relativity
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Nuix, Logikcull
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. KLDiscovery
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Exterro
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Thomson Reuters
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Knovos
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Casepoint
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Nextpoint
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. DISCO
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Veritas
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. One Discovery
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Congruity360
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. Onna
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. Everlaw
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
10.21. Texifter
10.21.1. Business Overview
10.21.2. Company Snapshot
10.21.3. Company Market Share Analysis
10.21.4. Company Product Portfolio
10.21.5. Recent Developments
10.21.6. SWOT Analysis
10.22. Allegory
10.22.1. Business Overview
10.22.2. Company Snapshot
10.22.3. Company Market Share Analysis
10.22.4. Company Product Portfolio
10.22.5. Recent Developments
10.22.6. SWOT Analysis
10.23. Evichat
10.23.1. Business Overview
10.23.2. Company Snapshot
10.23.3. Company Market Share Analysis
10.23.4. Company Product Portfolio
10.23.5. Recent Developments
10.23.6. SWOT Analysis
10.24. Reductech
10.24.1. Business Overview
10.24.2. Company Snapshot
10.24.3. Company Market Share Analysis
10.24.4. Company Product Portfolio
10.24.5. Recent Developments
10.24.6. SWOT Analysis
List of Tables
1. Global E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
2. Global On-Premise Market, By region, 2018-2028 (USD Billion)
3. Global On-Cloud Market, By region, 2018-2028 (USD Billion)
4. Global E-Discovery Market, By End-User, 2018-2028 (USD Billion)
5. Global Government Market, By region, 2018-2028 (USD Billion)
6. Global Legal sector Market, By region, 2018-2028 (USD Billion)
7. Global BFSI Market, By region, 2018-2028 (USD Billion)
8. Global Energy and Utilities Market, By region, 2018-2028 (USD Billion)
9. Global Healthcare Market, By region, 2018-2028 (USD Billion)
10. Global Travel Market, By region, 2018-2028 (USD Billion)
11. Global Hospitality Market, By region, 2018-2028 (USD Billion)
12. Global Transportation and Logistics Market, By region, 2018-2028 (USD Billion)
13. Global IT and Telecommunication Market, By region, 2018-2028 (USD Billion)
14. Global Media and entertainment Market, By region, 2018-2028 (USD Billion)
15. North America E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
16. North America E-Discovery Market, By End-User, 2018-2028 (USD Billion)
17. USA E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
18. USA E-Discovery Market, By End-User, 2018-2028 (USD Billion).
19. Canada E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
20. Canada E-Discovery Market, By End-User, 2018-2028 (USD Billion)
21. Mexico E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
22. Mexico E-Discovery Market, By End-User, 2018-2028 (USD Billion)
23. Europe E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
24. Europe E-Discovery Market, By End-User, 2018-2028 (USD Billion)
25. Germany E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
26. Germany E-Discovery Market, By End-User, 2018-2028 (USD Billion)
27. France E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
28. France E-Discovery Market, By End-User, 2018-2028 (USD Billion)
29. U.K. E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
30. U.K. E-Discovery Market, By End-User, 2018-2028 (USD Billion)
31. Italy E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
32. Italy E-Discovery Market, By End-User, 2018-2028 (USD Billion)
33. Spain E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
34. Spain E-Discovery Market, By End-User, 2018-2028 (USD Billion)
35. Asia Pacific E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
36. Asia Pacific E-Discovery Market, By End-User, 2018-2028 (USD Billion)
37. Japan E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
38. Japan E-Discovery Market, By End-User, 2018-2028 (USD Billion)
39. China E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
40. China E-Discovery Market, By End-User, 2018-2028 (USD Billion)
41. India E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
42. India E-Discovery Market, By End-User, 2018-2028 (USD Billion)
43. South America E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
44. South America E-Discovery Market, By End-User, 2018-2028 (USD Billion)
45. Brazil E-Discovery Market, By Deployment , 2018-2028 (USD Billion)
46. Brazil E-Discovery Market, By End-User, 2018-2028 (USD Billion)
47. Middle East and Africa E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
48. Middle East and Africa E-Discovery Market, By End-User, 2018-2028 (USD Billion)
49. U.A.E. E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
50. U.A.E. E-Discovery Market, By End-User, 2018-2028 (USD Billion)
51. South Africa E-Discovery Market, By Deployment, 2018-2028 (USD Billion)
52. South Africa E-Discovery Market, By End-User, 2018-2028 (USD Billion)
List of Figures
1. Global E-Discovery Market Segmentation
2. Global E-Discovery Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global E-Discovery Market Attractiveness Analysis By Deployment
9. Global E-Discovery Market Attractiveness Analysis By End-User.
10. Global E-Discovery Market Attractiveness Analysis By Region
11. Global E-Discovery Market: Dynamics
12. Global E-Discovery Market Share by Deployment (2021 & 2028)
13. Global E-Discovery Market Share by End-User (2021 & 2028)
14. Global E-Discovery Market Share by Region (2021 & 2028)
15. Global E-Discovery Market Share by Company (2020)
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