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Global eDiscovery Market is Anticipated To Hit USD 15.50 Billion by 2020

Global demand for eDiscovery Market was valued at USD 6.25 billion in 2014, and is expected to generate revenue of USD 15.50 billion by end of 2020, growing at a CAGR of over 15% between 2015 and 2020.

Zion Research has published a new report titled “eDiscovery (Software; On-Premise Software & Off-Premise Software and Services) Market for Government and Regulatory Agencies, Enterprises (Small, Mid and Large-Size Enterprises) and Law Firms - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”. According to the report, global demand for eDiscovery Market was valued at USD 6.25 billion in 2014, and is expected to generate revenue of USD 15.50 billion by end of 2020, growing at a CAGR of over 15% between 2015 and 2020.

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eDiscovery is defined as a set of processes for the identification, preservation, collection, processing, review, analysis and production of electronically stored information (ESI). eDiscovery is usually done in the condition of criminal litigation procedures and for government investigations. eDiscovery documents can be produced in the form of photos, video, databases, and other file types. ESI is stored across an extensive range of corporate sources which may encompass databases, websites, and file stores, in addition to individual devices such as computers, smartphone and laptops.

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The eDiscovery market is mainly driven by the increasing age group ratio and volume of electronically stored information (ESI) per year. Increasing use of eDiscovery solutions in government and leading agencies for investigation process is also expected to positively impact market growth. Additionally, increasing acceptance of predictive coding, growing danger mitigation activities in organizations, increase in litigation, need for proactive solutions and growth of record management across various trades are some of the important factors driving growth of eDiscovery market. Apart from this robust growth in smartphomes market and increasing use of social media networking sites such as LinkedIn, Instagram, and Facebook is also expected to fuel growth of eDiscovery market in the years to come. However, non favorable government policies and high cost of eDiscovery is expected to limit the growth of this industry to some extent.

North America dominated the global eDiscovery market in 2014. It is expected to retain its dominance during the forecast period due to increasing use of eDiscovery solutions in civil litigations and need to improve information governance in corporations of all sizes. However, the Asia Pacific region is expected to witness rapid growth of eDiscovery market in the years to come. Growth of eDiscovery market in Asia Pacific will be mainly stemmed from China, India, South Korea and Japan.

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Some of the key players operating in global eDiscovery market include HP Autonomy, IBM Corporation, Daegis Inc., EMC Corporation, Symantec Corporation, Guidance Software Inc., Xerox Corporation, Epiq Systems Inc., FTI Consulting Inc., Navigant Consulting Inc., Integreon Managed Solutions Inc., and Catalyst Repository Systems Inc

eDiscovery Market: Component Segment Analysis

  • Software
  • On-premise software
  • Off-premise software
  • Services

eDiscovery Market:End-users Segment Analysis

  • Government and Regulatory Agencies
  • Enterprises (Small, Mid and Large-Sized)
  • Law Firms

eDiscovery Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East And Africa

Table Of Content :

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global eDiscovery market revenue, 2014 - 2020 (USD Million)
    • 2.2. Global eDiscovery market: Snapshot
  • Chapter 3. eDiscovery Market –Industry Analysis
    • 3.1. EDiscovery : Market dynamics
    • 3.2. Market drivers
      • 3.2.1. Drivers for global eDiscovery market: Impact analysis
      • 3.2.2. Growing age group ratio and volume of electronically stored information (ESI)
      • 3.2.3. Government rules and regulation
    • 3.3. Market restraints
      • 3.3.1. Restraints for global eDiscovery market: Impact analysis
      • 3.3.2. High Price Associated with eDiscovery Process
    • 3.4. Opportunities
      • 3.4.1. Combination of Integrated Vendor Offerings
      • 3.4.2. Mobile Devices to Convert Next eDiscovery Wave
    • 3.5. Porter’s five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by component segment
      • 3.6.2. Market attractiveness analysis by end-user segment
      • 3.6.3. Market attractiveness analysis by regional segment

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