IBM(US) and OpenText(Canada) are Leading Players in the eDiscovery Market
The global eDiscovery market size is expected to grow from USD 9.3 billion in 2020 to USD 12.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period. The key factors that are expected to drive the growth of the market are focus on proactive governance with data analytics and the emergence of new content sources.
The eDiscovery market comprises major providers, such as Microsoft(US), IBM(US), OpenText(Canada), Deloitte(US), Micro Focus(UK), ZyLAB(The Netherlands), Relativity(US), Nuix(Australia), Logikcull(US), KLDiscovery(US), Exterro(US), Thomson Reuters(Canada), Knovos(US), Casepoint(US), Nextpoint(US), DISCO(US), Veritas(US), One Discovery(US), Congruity360(US), Onna(US), Everlaw(US), Texifter(US), Allegory(US), Evichat(Canada), and Reductech(UK). The study includes an in-depth competitive analysis of key players in the eDiscovery market with their company profiles, recent developments, COVID-19 developments, and key market strategies.
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The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements; and geographic expansion, partnerships, merger and acquisitions and agreements, have been the most dominating strategies adopted by the major players from 2018 to 2020, which helped them strengthen their offerings and broaden their customer base.
IBM has established a strong global footprint, with its presence in more than 175 countries. IBM eDiscovery Manager helps to handle immediate litigation and investigation matters by enabling users to search, manage, and export Electronically Stored Information (ESI), including email and other business content. It provides a wide range of solutions and services to various industry verticals, including automotive, aerospace and defense, banking, consumer products, financial markets, healthcare, insurance, media and entertainment, oil and gas, education, electronics, energy and utilities, petroleum, and travel and transportation. It has established a strong channel partner ecosystem using the strategy of partnerships.
OpenText was founded in 1991 and is headquartered in Ontario, Canada. The company is a leading provider of Enterprise Information Management (EIM) products globally. OpenText focuses on offering products and solutions that enable organizations to grow faster, lower their OPEX, reduce information governance risks, and lower security risks. It offers flexibility and choice to customers by offering solutions that can run on-premises, on the cloud, as a managed service, or offer hybrid deployment. Its offerings accelerate modernization with intelligent tools and services for moving off the paper, automating classification, and building clean data lakes for AI, automation, and analytics.
Related 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 2025
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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