HOME Top Market Reports eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023

eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: TC 3605

 

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The global eDiscovery market was valued at USD 9.96 Billion in 2017 and is expected to reach USD 17.32 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The eDiscovery 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 of the market and its future growth opportunities across different segments, such as deployment types, services, verticals, software, components, organization size, and regions. The adoption of eDiscovery software and services is expected to have increased, as they can be easily integrated with the existing architecture, and can be deployed on cloud. Furthermore, the growing need for Business Intelligence (BI), forensics tools, and analytics solutions is expected to have augmented the demand for eDiscovery solutions and services. The base year considered for this study is 2017, whereas the forecast period under consideration is 2018–2023.

Objectives of the Study

  • To describe and forecast the global eDiscovery market by component (software and services), deployment type, organization size, vertical, service, software, and region
  • To forecast the market size of 5 main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze the market’s subsegments with respect to the individual growth trends, prospects, and contribution to the total market
  • To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape of the major players
  • To track and analyze competitive developments, such as acquisitions, new product developments, and partnerships and collaborations, in the market

The research methodology used to estimate and forecast the eDiscovery market began with capturing data on key vendors’ revenues through secondary research sources, such as The Association of Certified eDiscovery Specialists (ACEDS), Association for Information and Image Management (AIIM), and The Organization of Legal Professionals, and American Bar Association. Vendors’ offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenues of key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of the profiles of the primary participants is depicted in the figure below:

E-Discovery Market

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

The eDiscovery market comprises service providers, such as AccessData (US), Advanced Discovery (US), Catalyst (US), CloudNine (US), Commvault (US), Conduent (US), Deloitte (US), Driven (US), Epiq (US), FRONTEO (Japan), FTI (US), IBM (US), Ipro (US), KLDiscovery (US), Lighthouse (US), Logikcull (US), Micro Focus (UK), Microsoft (US), Nuix (Australia), OpenText (Canada), Relativity (US), Ricoh (Japan), Thomson Reuters (Canada), Veritas (US), and ZyLAB (Netherlands). Stakeholders of the market include litigation service providers, legal analytics vendors and consultants, and law firms.

Key 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

The research study answers several questions for stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing their efforts and investments.

Scope of the Report

The research report categorizes the eDiscovery market to forecast the revenues and analyze the trends in each of the following submarkets:

By Component

  • Software
  • Services

By Software

  • Processing, Review, and Analysis
  • Identification, Preservation, and Collection
  • Production and Presentation

By Service

  • Managed Services
  • Support and Maintenance
  • Training, Consulting, and Integration

By Deployment Type

  • On-premises
  • Cloud

By Organizational Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Government and Public Sector
  • Healthcare and Life Sciences
  • Legal
  • IT and Telecommunications
  • Energy and Utilities
  • Retail and Consumer Goods
  • Manufacturing
  • Others (education, media and entertainment, travel and hospitality, and transport and logistics)

By Region

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

Available Customizations

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

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Data Triangulation
    2.3 Market Size Estimation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Growth Opportunities in the eDiscovery Market
    4.2 Market By Component, 2018
    4.3 Market By Deployment Type, 2018
    4.4 Market By Software, 2018
    4.5 Market By Vertical, 2018
    4.6 Market Investment Scenario, 2018–2023
    4.7 Electronic Discovery Reference Model

5 Market Overview and Industry Trends (Page No. - 37)
    5.1 Introduction
    5.2 Regulatory Landscape
           5.2.1 Introduction
           5.2.2 Federal Rules of Civil Procedure
           5.2.3 General Data Protection Regulation
           5.2.4 Electronic Communications Privacy Act
           5.2.5 Health Insurance Portability and Accountability Act
           5.2.6 Dodd-Frank Wall Street Reform and Consumer Protection Act
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Focus on Proactive Governance With Data Analytics and Emergence of New Content Sources
                    5.3.1.2 Need to Decrease Operational Budget of Legal Departments
                    5.3.1.3 Increase in Number of Litigations Across the Globe
                    5.3.1.4 Proliferation of IoT Devices Across Various Verticals and Overabundance of Stored Data
                    5.3.1.5 Growth in Compliance Requirements and Data Protection Regulations
           5.3.2 Restraints
                    5.3.2.1 Higher Cost of eDiscovery Platforms and Services
                    5.3.2.2 Contradiction Between Data Protection and eDiscovery
           5.3.3 Opportunities
                    5.3.3.1 Increased Demand for Predictive Coding to Simplify and Shorten Document Review Process
                    5.3.3.2 Higher Demand for Cloud-Based E-Discovery Among SMEs
                    5.3.3.3 Collaboration With Social Media Platforms Simplifies Litigation Processes
           5.3.4 Challenges
                    5.3.4.1 Limited Technical Expertise for Managing the Advanced eDiscovery Mechanism
                    5.3.4.2 Integration of Saas-Based eDiscovery With Traditional Platforms
                    5.3.4.3 Lack of Awareness of eDiscovery

6 eDiscovery Market Analysis, By Component (Page No. - 44)
    6.1 Introduction
    6.2 Software
           6.2.1 Identification, Preservation, and Collection
           6.2.2 Processing, Review, and Analysis
           6.2.3 Production and Presentation
    6.3 Services
           6.3.1 Training, Consulting, and Integration
           6.3.2 Managed Services
           6.3.3 Support and Maintenance

7 Market Analysis, By Deployment Type (Page No. - 54)
    7.1 Introduction
    7.2 Cloud
    7.3 On-Premises

8 Market Analysis, By Organization Size (Page No. - 58)
    8.1 Introduction
    8.2 Large Enterprises
    8.3 Small and Medium-Sized Enterprises

9 eDiscovery Market Analysis, By Vertical (Page No. - 62)
    9.1 Introduction
    9.2 Government and Public Sector
    9.3 Legal
    9.4 Banking, Financial Services, and Insurance
    9.5 Energy and Utilities
    9.6 Healthcare and Life Sciences
    9.7 Retail and Consumer Goods
    9.8 Manufacturing
    9.9 IT and Telecommunications
    9.10 Others

10 eDiscovery Market, By Region (Page No. - 72)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
             10.2.2 Canada
     10.3 Europe
             10.3.1 United Kingdom
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Australia and New Zealand
             10.4.3 Japan
             10.4.4 Singapore
             10.4.5 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 United Arab Emirates
             10.5.2 Saudi Arabia
             10.5.3 South Africa
             10.5.4 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
             10.6.2 Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 97)
     11.1 Overview
     11.2 Competitive Scenario
             11.2.1 New Product Launches
             11.2.2 Acquisitions
             11.2.3 Partnerships

12 Company Profiles (Page No. - 100)
(Business Overview, Products/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Opentext
     12.2 Nuix
     12.3 Microsoft
     12.4 IBM
     12.5 Micro Focus
     12.6 Catalyst
     12.7 FTI
     12.8 Accessdata
     12.9 Zylab
     12.10 EPIQ
     12.11 Fronteo
     12.12 Conduent
     12.13 Relativity
     12.14 Logikcull
     12.15 Advanced Discovery
     12.16 Cloudnine
     12.17 Commvault
     12.18 Driven
     12.19 IPRO
     12.20 Kldiscovery
     12.21 Veritas
     12.22 Deloitte
     12.23 Thomson Reuters
     12.24 Ricoh
     12.25 Lighthouse

*Details on Business Overview, Products/Service Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 133)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (66 Tables)

Table 1 eDiscovery Market Size, By Component, 2016–2023 (USD Million)
Table 2 Software: Market Size By Type, 2016–2023 (USD Million)
Table 3 Software: Market Size By Region, 2016–2023 (USD Million)
Table 4 Identification, Preservation, and Collection: Market Size By Region, 2016–2023 (USD Million)
Table 5 Processing, Review, and Analysis: Market Size By Region, 2016–2023 (USD Million)
Table 6 Production and Presentation: Market Size By Region, 2016–2023 (USD Million)
Table 7 Services: Market Size By Type, 2016–2023 (USD Million)
Table 8 Services: Market Size By Region, 2016–2023 (USD Million)
Table 9 Training, Consulting, and Integration: Market Size By Region, 2016–2023 (USD Million)
Table 10 Managed Services: Market Size By Region, 2016–2023 (USD Million)
Table 11 Support and Maintenance: Market Size By Region, 2016–2023 (USD Million)
Table 12 eDiscovery Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 13 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 14 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 15 eDiscovery Market Size, By Organization Size, 2016–2023 (USD Million)
Table 16 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 18 eDiscovery Market Size, By Vertical, 2016–2023 (USD Million)
Table 19 Government and Public Sector: Market Size By Region, 2016–2023 (USD Million)
Table 20 Legal: Market Size By Region, 2016–2023 (USD Million)
Table 21 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 22 Energy and Utilities: Market Size By Region, 2016–2023 (USD Million)
Table 23 Healthcare and Life Sciences: Market Size By Region, 2016–2023 (USD Million)
Table 24 Retail and Consumer Goods: Market Size By Region, 2016–2023 (USD Million)
Table 25 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 26 IT and Telecommunications: Market Size By Region, 2016–2023 (USD Million)
Table 27 Others: Market Size By Region, 2016–2023 (USD Million)
Table 28 eDiscovery Market Size, By Region, 2016–2023 (USD Million)
Table 29 North America: Market Size By Component, 2016–2023 (USD Million)
Table 30 North America: Market Size By Software, 2016–2023 (USD Million)
Table 31 North America: Market Size By Service, 2016–2023 (USD Million)
Table 32 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 33 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 34 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 35 North America: Market Size By Country, 2016–2023 (USD Million)
Table 36 Europe: eDiscovery Market Size, By Component, 2016–2023 (USD Million)
Table 37 Europe: Market Size By Software, 2016–2023 (USD Million)
Table 38 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 39 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 40 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 41 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 42 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 43 Asia Pacific: eDiscovery Market Size, By Component, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market Size By Software, 2016–2023 (USD Million)
Table 45 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 46 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 47 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 48 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 49 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 50 Middle East and Africa: eDiscovery Market Size, By Component, 2016–2023 (USD Million)
Table 51 Middle East and Africa: Market Size By Software, 2016–2023 (USD Million)
Table 52 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 53 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 54 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 57 Latin America: eDiscovery Market Size, By Component, 2016–2023 (USD Million)
Table 58 Latin America: Market Size By Software, 2016–2023 (USD Million)
Table 59 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 60 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 61 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 62 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 63 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 64 New Product Launches, 2017–2018
Table 65 Acquisitions, 2018
Table 66 Partnerships, 2016–2018


List of Figures (36 Figures)

Figure 1 eDiscovery Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Fastest Growing Segments in the Market 2018–2023
Figure 7 eDiscovery Market, By Region
Figure 8 Global eDiscovery Market is Expected to Grow Significantly During the Forecast Period (USD Million)
Figure 9 Emerging Economies Offer Attractive Market Opportunities in the eDiscovery Market During the Forecast Period
Figure 10 Software Segment is Estimated to Have the Larger Market Share in 2018
Figure 11 On-Premises Deployment is Expected to Hold the Larger Market Share in 2018
Figure 12 Processing, Review, and Analysis Segment is Expected to Hold the Largest Market Share in 2018
Figure 13 Government and Public Sector Vertical is Expected to Hold the Largest Market Share in 2018
Figure 14 Asia Pacific is Expected to Emerge as the Best Market to Invest in the Next 5 Years
Figure 15 Electronic Discovery Reference Model Phases
Figure 16 eDiscovery Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Services Segment is Expected to Account for the Larger Market Size During the Forecast Period
Figure 18 Processing, Review, and Analysis Segment is Expected to Account for the Largest Market Size During the Forecast Period
Figure 19 Managed Services Segment is Expected to Account for the Largest Market Size During the Forecast Period
Figure 20 On-Premises Segment is Expected to Account for the Larger Market Size During the Forecast Period
Figure 21 Large Enterprises Segment is Expected to Account for the Larger Market Size During the Forecast Period
Figure 22 Government and Public Sector Vertical is Projected to Account for the Largest Market Size By 2023
Figure 23 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Key Developments By the Leading Players in the eDiscovery Market During 2016–2018
Figure 27 Opentext: Company Snapshot
Figure 28 Microsoft: Company Snapshot
Figure 29 IBM: Company Snapshot
Figure 30 Micro Focus: Company Snapshot
Figure 31 FTI: Company Snapshot
Figure 32 Fronteo: Company Snapshot
Figure 33 Conduent: Company Snapshot
Figure 34 Commvault: Companysnapshot
Figure 35 Thomson Reuters: Company Snapshot
Figure 36 Ricoh: Company Snapshot

The global eDiscovery market is estimated to grow USD 10.76 Billion in 2018 and expected to reach USD 17.32 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The focus on decreasing the operational budget of legal departments and increasing number of litigations are expected to drive the market across all regions. The need to adhere to regulatory policies and laws worldwide, and increase in the usage and penetration of mobile devices are other factors expected to drive the growth of the market. The rise in demand for predictive coding and increase in the usage of social media are expected to offer great opportunities for eDiscovery vendors.

The eDiscovery market report has been broadly classified on the basis of software into processing, review, and analysis, identification, preservation, and collection, and production and presentation. On the basis of services, the market has been classified into managed services, support and maintenance, and training, consulting, and integration. By deployment type, the market has been categorized into on-premises and cloud. On the basis of verticals, the market has been divided into Banking, Financial Services, and Insurance (BFSI), government and public sector, healthcare and life sciences, legal, IT and telecommunications, energy and utilities, retail and consumer goods, manufacturing, and others (education, media and entertainment, travel and hospitality, and transport and logistics). By region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

Among software, the identification, preservation, and collection segment is expected to grow at the fastest rate during the forecast period. The key reason for the high growth is due to easy identification, preservation, and collection of data during legal cases. Identification is the first phase of the eDiscovery Electronic Discovery Reference Model (EDRM). eDiscovery software helps locate potential sources of information, such as emails, websites, or word documents of Electronically Stored Information (ESI). Further, the legal hold feature of eDiscovery enables the preservation of data by ensuring that no alteration or destruction has been performed on the data. This enables companies to protect their data from misuse. eDiscovery enables gathering or collection of ESI for further processing. Digital forensic tools and techniques help in ensuring the credibility of data.

Under the deployment type, the cloud deployment type is expected to grow at a significant rate during the forecast period. The cloud technology is being widely adopted by businesses, due to its various benefits, such as increased storage, scalability, flexibility, security, portability, and compliance. Especially, Small and Medium-sized Enterprises (SMEs) are adopting the cloud deployment mainly due to its cost-effectiveness and advanced results. The growing data generation and use of advanced technologies, such as IoT and analytics, are expected to lead to the greater adoption of the cloud deployment due to its benefits such as enhanced and organized storage, and ready availability of data when required.

E-Discovery Market

In regions, Asia Pacific (APAC) is expected to witness the highest CAGR during the forecast period. SMEs are adopting digital technologies at a rapid pace, which is leading to huge data generation. The increasing adoption would lead to the rising demand for handling digital data efficiently for the faster availability of relevant data during legal cases. Moreover, the adoption of cloud-based solutions by various vendors in APAC is expected to increase the demand for eDiscovery solutions. However, the higher cost of eDiscovery platforms and services and lack of technical expertise among staff are expected to pose challenges for the market growth. Additionally, these factors may also restrain the growth of the market.

Some of the key vendors in the eDiscovery market include AccessData (US), Advanced Discovery (US), Catalyst (US), CloudNine (US), Commvault (US), Conduent (US), Deloitte (US), Driven (US), Epiq (US), FRONTEO (Japan), FTI (US), IBM (US), Ipro (US), KLDiscovery (US), Lighthouse (US), Logikcull (US), Micro Focus (UK), Microsoft (US), Nuix (Australia), OpenText (Canada), Relativity (US), Ricoh (Japan), Thomson Reuters (Canada), Veritas (US), and ZyLAB (Netherlands). These players have adopted various strategies, such as new product launches, acquisitions, and partnerships, to cater to enterprises in the market.

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