E-discovery Market

E-discovery Market by Components (Services and Solutions), Enterprise sizes (Small & Medium Enterprises and Large Enterprises), End-users (Retail & Consumer Goods, Healthcare & Life Sciences, Government & Public Sector, BFSI, Energy and Utilities, IT & Telecommunications, Legal, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: ICT-SE-4561
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 2
  • No. Of Pages: 189
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The global E-discovery market size was valued at USD 10.2 billion in 2021, is anticipated to reach USD 25.9 billion by 2030 and expanding at a CAGR of 8.9% during the forecast period, 2021–2030. The growth of the market is attributed to the widespread adoption of cloud computing systems.  


E-discovery market_Summary

The process of gathering, recognizing, and presenting electronically stored information (ESI) for legal investigations is known as eDiscovery. It includes looking at voicemails, databases, presentations, social media data, voicemails, audio files, and video files. In order to find concealed evidence, forensic investigators also examine raw data and metadata. This evidence is further examined, retrieved, and transformed into digital formats before being presented in court utilizing a variety of cyber-forensic techniques. They assist in spotting trends and carrying out analytical study for cases involving law, the constitution, politics, and privacy.

The global remote working experiment caused by the COVID-19 pandemic has favourably impacted the e-discovery market's expansion. The market is anticipated to grow 1.5 times between 2020 and 2022 owing to the growing volume of data and expanding usage of cloud-based solutions. The use of non-standard and non-enterprise communication tools is also growing quickly in response to the growing demand for work-from-home opportunities, which increases the burden of preservation and collection when responding to discovery requests for information that have been created during this time period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing utilization of the Internet of Things (IoT)-enabled devices is expected to drive the market.
  • Increasing amount of electronically stored information and rising instances of felonies such as money laundering and tax fraud is projected to propel the market during the forecast period.
  • High prices in electronic discovery are anticipated to hinder the market.
  • Lack of understanding about the effects of the solutions is expected to hamper the market in the coming years.
  • Increasing adoption of advanced technology and digitalization is projected to create lucrative opportunities for market players. 

Scope of the Report

The report on the global e-discovery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

E-discovery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Components (Services and Solutions), and Enterprise sizes (Small & Medium Enterprises and Large Enterprises), and End-users (Retail & Consumer Goods, Healthcare & Life Sciences, Government & Public Sector, BFSI, Energy and Utilities, IT & Telecommunications, Legal, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Casepoint LLC; Exterro, Inc; Knovos; Nextpoint Inc; OpenText Corporation; Everlaw Inc; Epiq Systems, Inc; Consilio LLC; Ipro Tech LLC; Servient; Microsoft Corporation; International Business Machines Corporation; CS DISCO Inc.; KLDiscovery Limited; and Nuix Limited

Market Segment Insights

Services segment to hold a significant share of the market

Based on components, the e-discovery market is divided into services and solutions. The services segment is expected to hold a significant share of the market in the coming years. Organizations may examine their present GRC program and create a plan for implementing an efficient GRC software solution with the help of consulting services offered by a variety of suppliers. Service providers provide consulting services, to assist their clients in implementing fresh methods for identifying new revenue streams. The solutions segment accounts for a significant market share. The solution offers a group of experts with technical know-how and domain expertise to help businesses effectively adopt GRC solutions.


E-discovery market_by Components

Large enterprises segment to expand at a substantial CAGR

On the basis of enterprise sizes, the e-discovery market is segregated into small & medium enterprises and large enterprises. The large enterprises segment is anticipated to expand at a substantial CAGR during the forecast period. Large businesses have a broad corporate network and several sources of income. Therefore, huge amount of data generated by them.  The small & medium enterprises segment is expected to hold a significant share of the market. Vendors in the industry have been launching e-discovery solutions with the intention of serving SMEs in order to assist them in meeting various regulatory requirements.

Government & public sector segment to register considerable market share

Based on end-users, the market is segmented into retail & consumer goods, healthcare & life sciences, government & public sector, BFSI, energy and utilities, IT & telecommunications, legal, and others. The government & public sector segment is projected to register considerable share of the market in the coming years. In order to cut costs, governments in numerous nations are increasingly digitizing their processes and enticing people to follow suit. The IT & telecommunications segment is expected to hold substantial CAGR, due to increasing adoption of smart phones and use of digital wallets.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the e-discovery market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to the presence of populated economies including China and India. The market in North America is anticipated to expand at a rapid pace during the forecast period. It has been noted that North American suppliers of e-discovery solutions are looking to buy legal technology.


E-discovery market_by Regions

Segments

The global e-discovery market has been segmented on the basis of  

Components
  • Services
  • Solutions
Enterprise sizes
  • Small & Medium Enterprises
  • Large Enterprises
End-users
  • Retail & Consumer Goods
  • Healthcare & Life Sciences
  • Government & Public Sector
  • BFSI
  • Energy and Utilities
  • IT & Telecommunications
  • Legal
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Casepoint LLC; Exterro, Inc
  • Knovos
  • Nextpoint Inc
  • OpenText Corporation
  • Everlaw Inc
  • Epiq Systems, Inc
  • Consilio LLC
  • Ipro Tech LLC
  • Servient
  • Microsoft Corporation
  • International Business Machines Corporation
  • CS DISCO Inc.
  • KLDiscovery Limited
  • Nuix Limited

Competitive Landscape

Key players competing in the global e-discovery market are Casepoint LLC; Exterro, Inc; Knovos; Nextpoint Inc; OpenText Corporation; Everlaw Inc; Epiq Systems, Inc; Consilio LLC; Ipro Tech LLC; Servient; Microsoft Corporation; International Business Machines Corporation; CS DISCO Inc.; KLDiscovery Limited; and Nuix Limited.

Existing key player partnerships and cooperation are projected to have a substantial influence on the future competitive environment. Relativity and Proofpoint announced their collaboration on May 10, 2021, with the goal of integrating Proofpoint's business preservation and compliance solutions with Relativity's AI-enabled communication monitoring product, Relativity Trace.

E-discovery market_by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. E-discovery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. E-discovery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. E-discovery Market - Supply Chain
  4.5. Global E-discovery Market Forecast
     4.5.1. E-discovery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. E-discovery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. E-discovery Market Absolute $ Opportunity
5. Global E-discovery Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. E-discovery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global E-discovery Demand Share Forecast, 2019-2026
6. North America E-discovery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America E-discovery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America E-discovery Demand Share Forecast, 2019-2026
7. Latin America E-discovery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America E-discovery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America E-discovery Demand Share Forecast, 2019-2026
8. Europe E-discovery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe E-discovery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe E-discovery Demand Share Forecast, 2019-2026
9. Asia Pacific E-discovery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific E-discovery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific E-discovery Demand Share Forecast, 2019-2026
10. Middle East & Africa E-discovery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa E-discovery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa E-discovery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global E-discovery Market: Market Share Analysis
  11.2. E-discovery Distributors and Customers
  11.3. E-discovery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

The global e-discovery market has been segmented on the basis of  

Components
  • Services
  • Solutions
Enterprise sizes
  • Small & Medium Enterprises
  • Large Enterprises
End-users
  • Retail & Consumer Goods
  • Healthcare & Life Sciences
  • Government & Public Sector
  • BFSI
  • Energy and Utilities
  • IT & Telecommunications
  • Legal
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Casepoint LLC; Exterro, Inc
  • Knovos
  • Nextpoint Inc
  • OpenText Corporation
  • Everlaw Inc
  • Epiq Systems, Inc
  • Consilio LLC
  • Ipro Tech LLC
  • Servient
  • Microsoft Corporation
  • International Business Machines Corporation
  • CS DISCO Inc.
  • KLDiscovery Limited
  • Nuix Limited

Key players competing in the global e-discovery market are Casepoint LLC; Exterro, Inc; Knovos; Nextpoint Inc; OpenText Corporation; Everlaw Inc; Epiq Systems, Inc; Consilio LLC; Ipro Tech LLC; Servient; Microsoft Corporation; International Business Machines Corporation; CS DISCO Inc.; KLDiscovery Limited; and Nuix Limited.

Existing key player partnerships and cooperation are projected to have a substantial influence on the future competitive environment. Relativity and Proofpoint announced their collaboration on May 10, 2021, with the goal of integrating Proofpoint's business preservation and compliance solutions with Relativity's AI-enabled communication monitoring product, Relativity Trace.

E-discovery market_by Key Players

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FAQ Section

Some frequently asked quetions about this report!

The global E-discovery market size was valued at USD 10.2 billion in 2021.

Increasing utilization of the internet of Things (IoT)-enabled devices is expected to drive the market.

The global E-discovery market is expanding at a CAGR of 8.9% during the forecast period, 2021–2030.

Asia Pacific is expected to constitute a key share of the market during the forecast period.

Key players competing in the global e-discovery market are Casepoint LLC; Exterro, Inc; Knovos; Nextpoint Inc; OpenText Corporation; Everlaw Inc; Epiq Systems, Inc; Consilio LLC; Ipro Tech LLC; Servient; Microsoft Corporation; International Business Machines Corporation; CS DISCO Inc.; KLDiscovery Limited; and Nuix Limited.