eDiscovery Market : Potential and Niche Segments, Geographical regions and Trends 2017 – 2025

Global eDiscovery Market: Overview

eDiscovery is a set of interlinked processes consisting of preserving, collecting, reviewing, and exchanging information stored in electronic formats. These formats, universally known as electronically stored information (ESI), are used by parties to furnish evidence or in response to production in various legal proceedings such as litigations, government investigations, and right to information requests. Different types of ESI may include a wide spectrum of sources such as emails, documents, audio and video files, company-specific databases, social media content, encrypted data, and cloud-based storage.

With the proliferation of data from myriad sources, including cloud computing devices and platforms, the processes are rather complex. Since electronic documents essentially contain metadata, they may be the source of various information: the date and time the file was created, information on authors and recipients, and file properties.

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Global eDiscovery Market: Trends

The increasing application of eDiscovery solutions by several government agencies for conducting investigations, coupled with the worldwide rise in litigations that mandate the use of ESI as evidence, has propelled the global market. The soaring need for proactively using eDiscovery processes as part of risk mitigation strategies in numerous organizations is expected to fuel the market over the forecast period. The rapidly rising volume of data across enterprises has triggered the need for eDiscovery platforms and services.

In contrast, the high cost of eDiscovery services is likely to impede the market to an extent. However, the popularity of cost-effective on-premises services is anticipated to boost the market. The upsurge in the use of social media tools such as Twitter, Facebook, and LinkedIn in a large number of organizations is also expected to create ample opportunities for market players.

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Global eDiscovery Market: Market Potential

An assessment of recent competitive dynamics indicates the emergence of automated solutions and advanced technologies aimed at simplifying the workflow of eDiscovery projects. Automation solutions are increasingly being demanded by several law firms and corporate users to accelerate eDiscovery processes.

Recently, Compliance Discovery Solutions, a pioneer in offering integrated eDiscovery services, partnered with CloudNine, an eDiscovery automation software company, for technology integration. The agreement entails integration of CloudNine’s eDiscovery automation technology with the best-of-breed discovery-as-a-service (DaaS) offering provided by Compliance. The partnership is significant as CloudNine customers can conveniently access the intuitive DaaS environment. This will help them simplify eDiscovery workflows spanning across routine audits to complex technologies. Using the tool, the user can accelerate the uploading and processing of ESI without making any additional investment in dedicated servers, hardware, and software.

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In yet another promising development, Veritas Technologies, a leading information management company, announced its plan to expand its partnership with Google to provide customers access to increased capabilities of its 360 Data Management capabilities. Furthermore, the partnership will ensure the clients’ readiness to eDiscovery solutions. In addition, the company has announced a set of innovative solutions with Google Cloud, which will offer users extensive eDiscovery support for its G Suite Enterprise offering.

Global eDiscovery Market: Regional Outlook

North America is a prominent market for eDiscovery solutions and platforms. The market is expected to witness impressive growth along the forecast period. The growth is attributed to stringent compliances across enterprises to preserve data and the rising inclination of various government agencies toward the adoption of eDiscovery solutions. In addition, the increasing emphasis of law enforcement agencies to make attorneys and lawyers familiar with ESI in the U.S. has spurred the demand for eDiscivery offerings. Furthermore, the launch of intuitive and interactive solutions on varied cloud models is expected to propel the regional market.

However, in the coming years, the regional market may lose some revenue to emerging markets such as Asia Pacific and South Africa. The rapid pace of industrialization in Asia Pacific has spurred the usage of mobile devices in enterprises, catapulting the need for managing ESI and boosting the regional market.

Global eDiscovery Market: Competitive Landscape

Leading vendors are making partnerships and entering into agreements with global technology companies to consolidate their market shares. Several players are offering cloud-based solutions to gain a stronghold in the market. Major companies operating in eDiscovery market include HP Autonomy, Daegis, Inc., IBM Corporation, EMC Corporation, Guidance Software, Inc., Symantec Corporation, Epiq Systems, Inc., Integreon Managed Solutions, Inc., Catalyst Repository Systems, Inc., and FTI Consulting, Inc.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market

  • Recent developments in the market’s competitive landscape

  • Detailed analysis of market segments up to second or third level of segmentation

  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume

  • Key business strategies adopted by influential market vendors

  • Outline of the regulatory framework surrounding and governing numerous aspects of the market

  • Growth opportunities in emerging and established markets

  • Recommendations to market players to stay ahead of the competition

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