HOME Top Market Reports E-Discovery Market by Solution (Legal Hold, Early Case Assessment, Data Processing, Data Production), Service (Consulting, Implementation, Training & Support, Managed), Deployment Type (CLOUD, On-premises), and Vertical - Global Forecast to 2021

E-Discovery Market by Solution (Legal Hold, Early Case Assessment, Data Processing, Data Production), Service (Consulting, Implementation, Training & Support, Managed), Deployment Type (CLOUD, On-premises), and Vertical - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: TC 3605

 

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MarketsandMarkets estimates the E-Discovery market to grow from USD 7.89 Billion in 2016 to USD 22.62 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.4% from 2016 to 2021. The report considered 2015 as the base year and the forecast period is from 2016 to 2021. The E-Discovery market offers solutions such as legal hold, early case assessment, data processing, technology assisted review, and data production. The report aims at estimating the market size and future growth opportunities of the market across different segments such as solutions, deployment types, service types, industries, and regions. The adoption of E-Discovery has increased as these solutions can be easily integrated with the existing architecture and can be deployed on the cloud. Furthermore, growing need for Business Intelligence (BI), forensics tools, and analytics solutions has augmented the demand for E-Discovery solutions and services.

The major players in the E-Discovery market were identified across various regions through in-depth discussions. The average revenue generated by these players segmented by region was used to arrive at the overall market size. This overall market size is used in the top-down procedure to estimate the sizes of other individual markets (service types and deployment types) via percentage splits from secondary and primary research.

All percentage splits and breakdowns were determined using secondary sources such as annual reports, presentations, websites and press releases of top vendors, associated news articles, journals, and paid databases and verified through primary sources. All possible parameters that affect the market covered in this research study have been verified through primary research and analyzed from the market knowledge. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report. The breakdown of profiles of primary participants is depicted in the below figure:

E-Discovery Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the E-Discovery market consists of on-premises solution providers such as IBM Corporation, FTI Technology LLC, kCura LLC, and ZyLAB; cloud solution providers such as cicayda,LLC, CloudNine, Logikcull, and Lexbe; and service providers such as Ernst & Young Global Limited, Advanced Discovery, D4 LLC, and Navigant Consulting, Inc. Stakeholders of the market include litigation service providers, legal analytics vendors & consultants, and law firms.

Target Audience:

  • On-premises solution providers
  • Cloud solution providers
  • Service providers
  • Cloud-based application developers
  • Litigation service providers
  • Law firms
  • Legal analytics vendors and consultants

Scope of the Report

The research report segments the E-Discovery market into following submarkets:

By Solution:

  • Legal hold
  • Early case assessment
  • Data processing
  • Technology assisted review
  • Data production

By Deployment Model:

  • Cloud
  • On-premises

By Service Type:

  • Consulting
  • Implementation
  • Training and support
  • Managed services

By Industry:

  • Government
  • Legal sector
  • Banking, Financial Services, and Insurance (BFSI)
  • Energy and utilities
  • Healthcare
  • Travel and hospitality
  • Transportation and logistics
  • IT and telecom
  • Media and entertainment
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company
  • Geographic analysis
  • Further breakdown of the North American E-Discovery market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 7)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 23)
    4.1 Attractive Market Opportunities in the E-Discovery Market
    4.2 Top Three Industries
    4.3 Top Three Verticals and Regions (2016)
    4.4 E-Discovery Market (2021)
    4.5 Global Market Size, By Solution
    4.6 E-Discovery Regional Market
    4.7 Product Growth Matrix
    4.8 Life Cycle Analysis, By Region, 2021
    4.9 Life Cycle Analysis, By Region, 2016

5 E-Discovery Market Overview (Page No. - 26)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Solution
           5.2.2 By Deployment Type
           5.2.3 By Service Type
           5.2.4 By Vertical
           5.2.5 By Region
    5.3 Evolution
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Focus on Decreasing Operational Budget of Legal Departments
                    5.4.1.2 Global Increase in Litigations
                    5.4.1.3 Stringent Compliance With Policy and Regulations Worldwide
                    5.4.1.4 Increase in Mobile Device Penetration and Usage
           5.4.2 Restraints
                    5.4.2.1 High Cost Associated With E-Discovery Solutions and Services
                    5.4.2.2 Contradiction Between Data Protection and E-Discovery
           5.4.3 Opportunities
                    5.4.3.1 Rise in Demand for Predictive Coding
                    5.4.3.2 Increased Usage of Social Media Websites
           5.4.4 Challenges
                    5.4.4.1 Lack of Awareness About E-Discovery
                    5.4.4.2 Increase in Cross Border E-Discovery

6 E-Discovery Market: Industry Trends (Page No. - 35)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 E-Discovery on – Premises Solution Providers
           6.2.2 E-Discovery Cloud Solution Providers
           6.2.3 E-Discovery Service Providers
           6.2.4 Industry Verticals
    6.3 Architecture
    6.4 Industry Standards and Regulations
           6.4.1 Introduction
           6.4.2 Federal Rules of Civil Procedure
           6.4.3 General Data Protection Regulation
           6.4.4 Electronic Communications Privacy Act
           6.4.5 Health Insurance Portability and Accountability Act
           6.4.6 Dodd-Frank Wall Street Reform and Consumer Protection Act

7 E-Discovery Market Analysis, By Solution (Page No. - 40)
    7.1 Introduction
    7.2 Legal Hold
    7.3 Early Case Assessment
    7.4 Data Processing
    7.5 Technology Assisted Review
    7.6 Data Production

8 E-Discovery Market Analysis, By Deployment (Page No. - 50)
    8.1 Introduction
    8.2 Cloud
    8.3 On-Premises

9 E-Discovery Market Analysis, By Service Type (Page No. - 56)
    9.1 Introduction
    9.2 Consulting
    9.3 Implementation
    9.4 Training and Support
    9.5 Managed Services

10 E-Discovery Market Analysis, By Industry (Page No. - 62)
     10.1 Introduction
     10.2 Government
     10.3 Legal Sector
     10.4 Banking, Financial Services and Insurance
     10.5 Energy and Utilities
     10.6 Healthcare
     10.7 Travel and Hospitality
     10.8 Transportation and Logistics
     10.9 IT and Telecom
     10.10 Media and Entertainment
     10.11 Others

11 Geographic Analysis (Page No. - 73)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 94)
     12.1 Overview
     12.2 Competitive Situation and Trends
             12.2.1 New Product Launches / Upgradation
             12.2.2 Partnerships, Agreements, and Collaborations
             12.2.3 Mergers and Acquisitions
             12.2.4 Expansions

13 Company Profiles (Page No. - 99)
     13.1 Introduction
     13.2 Xerox Corporation
             13.2.1 Business Overview
             13.2.2 Products and Services Offered
             13.2.3 Recent Developments
             13.2.4 MnM View
                        13.2.4.1 Key Strategies
                        13.2.4.2 SWOT Analysis
     13.3 Hewlett Packard Enterprise Development Lp
             13.3.1 Business Overview
             13.3.2 Products Offered
             13.3.3 Recent Developments
             13.3.4 MnM View
                        13.3.4.1 Key Strategies
                        13.3.4.2 SWOT Analysis
     13.4 IBM Corporation
             13.4.1 Business Overview
             13.4.2 Products Offered
             13.4.3 Recent Developments
             13.4.4 MnM View
                        13.4.4.1 Key Strategies
                        13.4.4.2 SWOT Analysis
     13.5 FTI Consulting, Inc.
             13.5.1 Business Overview
             13.5.2 Products Offered and Services Offered
             13.5.3 Recent Developments
             13.5.4 MnM View
                        13.5.4.1 Key Strategies
                        13.5.4.2 SWOT Analysis
     13.6 Guidance Software, Inc.
             13.6.1 Business Overview
             13.6.2 Solutions and Services Offered
             13.6.3 Recent Developments
             13.6.4 MnM View
                        13.6.4.1 Key Strategies
     13.7 Kcura LLC
             13.7.1 Business Overview
             13.7.2 Products Offered
             13.7.3 Recent Developments
             13.7.4 MnM View
                        13.7.4.1 Key Strategies
                        13.7.4.2 SWOT Analysis
     13.8 Accessdata
             13.8.1 Business Overview
             13.8.2 Product and Services Offered
             13.8.3 Recent Developments
             13.8.4 MnM View
                        13.8.4.1 Key Strategies
     13.9 Zylab
             13.9.1 Business Overview
             13.9.2 Solutions Offered
             13.9.3 Recent Developments
             13.9.4 MnM View
                        13.9.4.1 Key Strategies
     13.10 Exterro, Inc.
             13.10.1 Business Overview
             13.10.2 Products Offered
             13.10.3 Recent Developments
             13.10.4 MnM View
                        13.10.4.1 Key Strategies
     13.11 Nuix
             13.11.1 Business Overview
             13.11.2 Products Offered
             13.11.3 Recent Developments
             13.11.4 MnM View
                        13.11.4.1 Key Strategies

14 Appendix (Page No. - 126)
     14.1 Other Developments
             14.1.1 Other Developments: New Product Launches, 2014–2016
             14.1.2 Other Developments: Partnerships, Agreements, and Collaborations, 2014–2016
     14.2 Industry Excerpts
     14.3 Discussion Guide
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (78 Tables)

Table 1 Global E-Discovery Market Size and Growth, 2014–2021 (USD Million, Y-O-Y %)
Table 2 Global Market Size, By Solution, 2014–2021 (USD Million)
Table 3 Legal Hold Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 4 Legal Hold Solution: Market Size, By Deployment, 2014–2021 (USD Million)
Table 5 Early Case Assessment Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Early Case Assessment Solution: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 7 Data Processing Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 8 Data Processing Solution: Size, By Deployment, 2014–2021 (USD Million)
Table 9 Technology Assisted Review Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Technology Assisted Review Solution: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 11 Data Production: Market Size, By Region, 2014–2021 (USD Million)
Table 12 Data Production: Market Size, By Deployment, 2014–2021 (USD Million)
Table 13 Global E-Discovery Solution Market Size, By Deployment, 2014–2021 (USD Million)
Table 14 Cloud-Based Deployment: Market Size, By Region, 2014–2021 (USD Million)
Table 15 Cloud-Based Deployment: Market Size, By Solution, 2014–2021 (USD Million)
Table 16 On-Premises Deployment: Market Size, By Region, 2014–2021 (USD Million)
Table 17 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 18 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 19 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 20 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 21 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 22 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 23 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 24 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 25 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 26 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 27 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 28 On-Premises Deployment: Market Size, By Solution 2014–2021 (USD Million)
Table 29 Global E-Discovery Market Size, By Service Type, 2014–2021 (USD Million)
Table 30 Consulting Service Type: Market Size, By Region, 2014–2021 (USD Million)
Table 31 Implementation Service Type: Market Size, By Region, 2014–2021 (USD Million)
Table 32 Training and Support Service Type: Market Size, By Region, 2014–2021 (USD Million)
Table 33 Managed Services Type: Market Size, By Region, 2014–2021 (USD Million)
Table 34 Global E-Discovery Market Size, By Industry, 2014–2021 (USD Million)
Table 35 Government: Market Size, By Region, 2014–2021 (USD Million)
Table 36 Legal Sector: Market Size, By Region, 2014–2021 (USD Million)
Table 37 Banking, Financial Services and Insurance: Market Size, By Region, 2014–2021 (USD Million)
Table 38 Energy and Utilities: Market Size, By Region, 2014–2021 (USD Million)
Table 39 Healthcare: Market Size, By Region, 2014–2021 (USD Million)
Table 40 Travel and Hospitality: Market Size, By Region, 2014–2021 (USD Million)
Table 41 Transportation and Logistics: Market Size, By Region, 2014–2021 (USD Million)
Table 42 IT and Telecom: Market Size, By Region, 2014–2021 (USD Million)
Table 43 Media and Entertainment: Market Size, By Region, 2014–2021 (USD Million)
Table 44 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 45 Global E-Discovery Market Size, By Region, 2014–2021 (USD Million)
Table 46 E-Discovery Solution Market Size, By Region, 2014–2021 (USD Million)
Table 47 E-Discovery Service Market Size, By Region, 2014–2021 (USD Million)
Table 48 North America: Market Size, By Component, 2014–2021 (USD Million)
Table 49 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 50 North America: E-Discovery Solution Market Size, By Deployment, 2014–2021 (USD Million)
Table 51 North America: Market Size, By Service Type, 2014–2021 (USD Million)
Table 52 North America: Market Size, By Industry, 2014–2021 (USD Million)
Table 53 Europe: E-Discovery Market Size, By Component, 2014–2021 (USD Million)
Table 54 Europe: Market Size, By Solution, 2014–2021 (USD Million)
Table 55 Europe: E-Discovery Solution Market Size, By Deployment, 2014–2021 (USD Million)
Table 56 Europe: Market Size, By Service Type, 2014–2021 (USD Million)
Table 57 Europe: Market Size, By Industry, 2014–2021 (USD Million)
Table 58 Asia-Pacific: Market Size, By Component, 2014–2021 (USD Million)
Table 59 Asia-Pacific: Market Size, By Solutions, 2014–2021 (USD Million)
Table 60 Asia-Pacific: E-Discovery Solution Market Size, By Deployment, 2014–2021 (USD Million)
Table 61 Asia-Pacific: Market Size, By Service Type, 2014–2021 (USD Million)
Table 62 Asia-Pacific: Market Size, By Industry, 2014–2021 (USD Million)
Table 63 Middle East and Africa: Market Size, By Component, 2014–2021 (USD Million)
Table 64 Middle East and Africa: Market Size, By Solution, 2014–2021 (USD Million)
Table 65 Middle East and Africa: E-Discovery Solution Market Size, By Deployment, 2014–2021 (USD Million)
Table 66 Middle East and Africa: Market Size, By Service Type, 2014–2021 (USD Million)
Table 67 Middle East and Africa: Market Size, By Industry, 2014–2021 (USD Million)
Table 68 Latin America: Market Size, By Component, 2014–2021 (USD Million)
Table 69 Latin America: Market Size, By Solution, 2014–2021 (USD Million)
Table 70 Latin America: E-Discovery Solution Market Size, By Deployment, 2014–2021 (USD Million)
Table 71 Latin America: Market Size, By Service Type, 2014–2021 (USD Million)
Table 72 Latin America: Market Size, By Industry, 2014–2021 (USD Million)
Table 73 New Product Launches, 2016
Table 74 Partnerships, Agreements, and Collaborations, 2016
Table 75 Mergers and Acquisitions, 2014–2016
Table 76 Expansions, 2015–2016
Table 77 Other Developments: New Product Launches, 2014–2016
Table 78 Other Developments: Partnerships, Agreements, and Collaborations, 2014–2016


List of Figures (51 Figures)

Figure 1 Global E-Discovery Market: Research Methodology
Figure 2 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Market Assumptions
Figure 7 Market Limitations
Figure 8 The Global Parking Management Market is Set to Witness Growth Owing to Increased Implementation of Planned Cities During the Forecast Period
Figure 9 E-Discovery Market, By Solution
Figure 10 Market By Deployment Type
Figure 11 Market By Service Type
Figure 12 Market By Vertical
Figure 13 Market By Region
Figure 14 Market Evolution
Figure 15 E-Discovery: Drivers, Restraints, Opportunities, and Challenges
Figure 16 E-Discovery: Value Chain Analysis
Figure 17 E-Discovery Architecture
Figure 18 Technology Assisted Review Solutions is Expected to Grow at the Highest CAGR During the Forecast Period (2016–2021)
Figure 19 Asia-Pacific is Expected to Be the Fastest Growing Region for Legal Hold Solution in E-Discovery During the Forecast Period (2016–2021)
Figure 20 Early Case Assessment Solution is A Widely Used Solution in the APAC Market During the Forecast Period (2016–2021)
Figure 21 Data Processing Solution is A Widely Used Solution in the E-Discovery Market in 2021
Figure 22 Technology Assisted Review is Expected to Have A High Growth Rate in All Regions During the Forecast Period (2016–2021)
Figure 23 Cloud Deployment Will Have the Highest Compound Annual Growth Rate During the Forecast Period
Figure 24 Asia-Pacific is Expected to Be the Fastest-Growing Region for Cloud Deployments in the E-Discovery Market During the Forecast Period (2016–2021)
Figure 25 Managed Services Segment is Expected to Have the Highest Compound Annual Growth Rate During the Forecast Period (2016–2021)
Figure 26 Asia-Pacific is Expected to Be the Fastest Growing Region for Managed Service in the E-Discovery Market During the Forecast Period (2016–2021)
Figure 27 Government, Legal Sector, and BFSI Will Dominate the E-Discovery Market During the Forecast Period (2016–2021)
Figure 28 North America Will Continue to Lead the E-Discovery Market During the Forecast Period (2016–2021)
Figure 29 Geographic Snapshot: Asia-Pacific is Emerging as A New Hotspot for the E-Discovery Market in 2021
Figure 30 North America Market Snapshot: Investment in Cloud-Based E-Discovery Will Drive the Market
Figure 31 Asia-Pacific Market Snapshot: Rise in Demand for E-Discovery By the Users From the Developing Economies Will Drive the Market
Figure 32 Asia-Pacific is Expected to Be the Fastest-Growing Region in the E-Discovery Market During the Forecast Period (2016–2021)
Figure 33 Companies Adopted New Product Launch as the Key Growth Strategy Between 2014 - 2016
Figure 34 Market Evaluation Framework
Figure 35 Battle for Market Share: New Product Launches and Partnerships Were the Key Strategies During the Forecast Period(2016-2021)
Figure 36 Geographic Revenue Mix of Top 5 Market Players
Figure 37 Xerox Corporation: Company Snapshot
Figure 38 Xerox Corporation: SWOT Analysis
Figure 39 Hewlett Packard Enterprise Development Lp: Company Snapshot
Figure 40 Hewlett Packard Enterprise Development Lp: SWOT Analysis
Figure 41 IBM Corporation: Company Snapshot
Figure 42 IBM Corporation: SWOT Analysis
Figure 43 FTI Consulting: Company Snapshot
Figure 44 FTI Consulting, Inc.: SWOT Analysis
Figure 45 Guidance Software, Inc.: Company Snapshot
Figure 46 Kcura Corporation: Company Snapshot
Figure 47 Kcura Corporation: SWOT Analysis
Figure 48 Accessdata: Company Snapshot
Figure 49 Zylab : Company Snapshot
Figure 50 Exterro, Inc.: Company Snapshot
Figure 51 Nuix: Company Snapshot

The E-Discovery market is expected to grow from USD 7.89 Billion in 2016 to USD 22.62 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period. The focus on decreasing the operational budget of legal departments and global increase in litigations is driving the market across all regions. The need to adhere to regulatory policies and laws worldwide and the increase in mobile device penetration and usage are some of the other drivers of the market. The rise in demand for predictive coding and increased usage of social media offers great opportunity for the E-Discovery industry.

The E-Discovery market is segmented by solution, deployment type, service type, industry, and region. Data processing solutions segment is expected to hold the largest market share in 2021. Massive data growth rates result in an increase in the amount of electronic documents being generated, which are used during litigations. Technology assisted review E-Discovery solution is expected to play a key role in changing the E-Discovery technology ecosystem and is estimated to grow by the highest CAGR during the forecast period from 2016 to 2021.

The managed services segment is expected to witness the fastest CAGR during the forecast period from 2016 to 2021, owing to organizations’ focus on decreasing costs associated with E-Discovery document storage infrastructure maintenance. With the help of managed services, users become free from establishing and maintaining infrastructure, uncertainty over compliance adherence, and developing scalable and capable technologies for E-Discovery use, owing to which, this service type has the highest adoption rate.

The cloud deployment type is expected to grow at the highest CAGR during the forecast period; the cloud deployment type is also projected to witness the highest demand due to increased cost reduction as compared to on-premises solution deployment, as cloud E-Discovery solutions help customers to maintain a conservative legal department budget by slashing costs associated with data storage infrastructure maintenance.

The government vertical is expected to have the largest market share in the global E-Discovery market in 2016, as this industry essentially stores and deals with large volumes of critical citizen and commercial data residing across different agencies. The rise of the digital age has forced increased demand for secure storage as well as transparent communication of information, resulting in rising adoption of effective E-Discovery solutions and services in this industry globally. IT and telecom accounted for the highest CAGR for the period of 2016–2021.

The global market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region is expected to be the largest revenue generating region for E-Discovery solution and service providers in 2016. This is mainly because there is high focus on innovations obtained from research & development and technology adoption, especially in the developed economies of North America. The APAC region is expected to be the fastest growing region in the E-Discovery market. This growth will be driven by potential growth opportunities, as social media has been emerging as a potentially relevant source of information in litigation discovery, which is producing huge amounts of data and electronic evidence, used in E-Discovery.

E-Discovery Market

The E-Discovery market faces challenges such as high cost associated with E-Discovery solutions and services. Moreover, complexities associated with the increase in cross-border E-Discovery are also hindering the growth of the market.

The major vendors that offer E-Discovery solutions and services across the globe are kCura LLC, AccessData, FTI Consulting, Inc., IBM Corporation, Guidance Software, Inc., ZyLAB, Nuix, Xerox Corporation, Hewlett Packard Enterprise Development LP, and Exterro, Inc. These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the E-Discovery market.

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