The global market for eDiscovery (Software and Services) is estimated at US$10.9 Billion in 2023 and is projected to reach US$15.0 Billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Several factors drive the growth of eDiscovery solutions. The increasing complexity of information governance requires robust eDiscovery tools to manage and govern the vast amounts of data generated daily, including data from mobile devices, cloud storage, and various communication platforms. Expanding regulatory requirements, such as GDPR and CCPA, pressure organizations to manage data in compliance with legal standards, making eDiscovery solutions indispensable. Data-intensive industries like healthcare, finance, and legal services rely heavily on eDiscovery for handling sensitive data securely and accurately. Advancements in AI and ML have transformed eDiscovery capabilities, allowing for precise data analysis and faster document review processes. The shift towards remote work and digital collaboration has expanded the scope of ESI, necessitating eDiscovery solutions that can manage data from platforms like Slack and Microsoft Teams. Additionally, increased litigation, internal investigations, and consumer demand for privacy and transparency drive the adoption of eDiscovery solutions, making them essential for managing complex, regulated, and data-driven business environments.
Several factors drive the growth of eDiscovery solutions. The increasing complexity of information governance requires robust eDiscovery tools to manage and govern the vast amounts of data generated daily, including data from mobile devices, cloud storage, and various communication platforms. Expanding regulatory requirements, such as GDPR and CCPA, pressure organizations to manage data in compliance with legal standards, making eDiscovery solutions indispensable. Data-intensive industries like healthcare, finance, and legal services rely heavily on eDiscovery for handling sensitive data securely and accurately. Advancements in AI and ML have transformed eDiscovery capabilities, allowing for precise data analysis and faster document review processes. The shift towards remote work and digital collaboration has expanded the scope of ESI, necessitating eDiscovery solutions that can manage data from platforms like Slack and Microsoft Teams. Additionally, increased litigation, internal investigations, and consumer demand for privacy and transparency drive the adoption of eDiscovery solutions, making them essential for managing complex, regulated, and data-driven business environments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the eDiscovery Services segment, which is expected to reach US$11.4 Billion by 2030 with a CAGR of a 4.9%. The eDiscovery Solutions segment is also set to grow at 3.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.0 Billion in 2023, and China, forecasted to grow at an impressive 7.7% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global eDiscovery (Software and Services) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global eDiscovery (Software and Services) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global eDiscovery (Software and Services) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AccessData Group LLC, CloudNine Discovery, CommVault Systems, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 216 Featured):
- AccessData Group LLC
- CloudNine Discovery
- CommVault Systems, Inc.
- Conduent Inc.
- Consilio
- Deloitte Consulting LLP
- Driven, Inc.
- Epiq Systems, Inc.
- Fronteo, Inc.
- FTI Consulting, Inc.;HaystackID LLC
- IBM Corporation
- Ipro Tech, LLC
- KLDiscovery
- Lighthouse
- Logikcull
- Micro Focus International plc
- Microsoft Corporation
- Nuix Pty., Ltd.
- OpenText Corporation
- Relativity
- Ricoh Americas Corporation
- Thomson Reuters Corporation
- Veritas Technologies LLC
- ZyLAB Technologies B.V
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AccessData Group LLC
- CloudNine Discovery
- CommVault Systems, Inc.
- Conduent Inc.
- Consilio
- Deloitte Consulting LLP
- Driven, Inc.
- Epiq Systems, Inc.
- Fronteo, Inc.
- FTI Consulting, Inc.;HaystackID LLC
- IBM Corporation
- Ipro Tech, LLC
- KLDiscovery
- Lighthouse
- Logikcull
- Micro Focus International plc
- Microsoft Corporation
- Nuix Pty., Ltd.
- OpenText Corporation
- Relativity
- Ricoh Americas Corporation
- Thomson Reuters Corporation
- Veritas Technologies LLC
- ZyLAB Technologies B.V
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 282 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10.9 Billion |
| Forecasted Market Value ( USD | $ 15 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
