PUBLISHER: IMARC | PRODUCT CODE: 1423147
PUBLISHER: IMARC | PRODUCT CODE: 1423147
eDiscovery Market Report by Component, Deployment Type, End-User, Vertical, and Region 2024-2032
Abstract
The global eDiscovery market size reached US$ 13.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032. The growing volume of electronically stored information (ESI), favorable government compliance and regulations, and the increasing number of litigations and investigations represent some of the key factors driving the market.
eDiscovery, or electronic discovery, is the process of collecting, analyzing, and producing electronically stored information (ESI) in the context of legal investigation or lawsuit. ESI can include emails, voicemails, instant messages, documents, presentations, databases, audio and video files, social media posts, and other electronic data. The eDiscovery involves identifying, collecting, processing and analyzing, reviewing, and producing ESI for legal proceedings. eDiscovery allows parties involved in legal proceedings to identify and gather relevant digital data in a timely and efficient manner. In addition, it also improves the speed and accuracy of document review, reduces costs, and helps organizations meet their legal obligations while gaining valuable insights.
eDiscovery Market Trends:
The exponentially growing volumes of digital data due to rapid digitization and widespread adoption of Internet of Things (IoT)-enabled devices and cloud computing systems represent one of the primary factors driving the market growth. Besides this, the proliferation of mobile devices such as smartphones and tablets, the easy availability of low-cost and high-speed internet connectivity, and the expanding social media channels are creating a favorable outlook for the market. Moreover, the rising demand for Discovery solutions that can ensure data privacy and security owing to the increasing volume of electronically stored information (ESI) and escalating concerns regarding data security among various enterprises, is contributing to the market growth. In line with this, the increase in the number of civil litigations, regulatory investigations, and criminal cases across the globe is acting as another significant growth-inducing factor. In addition to this, the implementation of numerous compliance requirements and data protection regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), is presenting remunerative growth opportunities for the market. Furthermore, rapid technological advancements, such as the integration of artificial intelligence (AI), predictive coding, and big data analytics in eDiscovery for more efficient and accurate discovery processes, are positively impacting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global eDiscovery market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment type, end-user and vertical.
Component Insights:
Services
Software
The report has provided a detailed breakup and analysis of the eDiscovery market based on the component. This includes services and software. According to the report, services represented the largest segment.
Deployment Type Insights:
On-premises
Cloud-based
Hybrid
A detailed breakup and analysis of the eDiscovery market based on the deployment type has also been provided in the report. This includes on-premises, cloud-based, and hybrid. According to the report, on-premises accounted for the largest market share.
End-User Insights:
Government/Federal Agencies, Legal and Regulatory Firms
Enterprises
The report has provided a detailed breakup and analysis of the eDiscovery market based on the end user. This includes government/federal agencies, legal and regulatory firms, and enterprises. According to the report, government/federal agencies, legal and regulatory firms represented the largest segment.
Vertical Insights:
BFSI
Retail and Consumer Goods
Manufacturing
Legal
IT and Telecommunication
Government
Energy and Utilities
Healthcare and Life Science
Others
A detailed breakup and analysis of the eDiscovery market based on the vertical has also been provided in the report. This includes BFSI, retail and consumer goods, manufacturing, legal, IT and telecommunication, government, energy and utilities, healthcare and life science, and others. According to the report, the government sector accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for eDiscovery. Some of the factors driving the North America eDiscovery market included the proliferation of smart devices and social media platforms, escalating concerns regarding data safety and privacy, and ongoing product innovation.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global eDiscovery market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Accessdata Group Inc., Commvault Systems Inc., Conduent Incorporated, Driven Inc. (Xplenty), Fronteo Inc. (Formerly UBIC), FTI Consulting, International Business Machines Corporation, Logikcull, Micro Focus International Plc, Nuix Pty Ltd. (Macquarie Group), Open Text Corporation, Veritas Technologies LLC (The Carlyle Group), ZyLAB Technologies, etc.
Key Questions Answered in This Report
- 1. What was the size of the global eDiscovery market in 2023?
- 2. What is the expected growth rate of the global eDiscovery market during 2024-2032?
- 3. What are the key factors driving the global eDiscovery market?
- 4. What has been the impact of COVID-19 on the global eDiscovery market?
- 5. What is the breakup of the global eDiscovery market based on the component?
- 6. What is the breakup of the global eDiscovery market based on the deployment type?
- 7. What is the breakup of the global eDiscovery market based on the end user?
- 8. What is the breakup of the global eDiscovery market based on the vertical?
- 9. What are the key regions in the global eDiscovery market?
- 10. Who are the key players/companies in the global eDiscovery market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global eDiscovery Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Services
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Deployment Type
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hybrid
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End-User
- 8.1 Government/Federal Agencies, Legal and Regulatory Firms
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Vertical
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Retail and Consumer Goods
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Manufacturing
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Legal
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 IT and Telecommunication
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Government
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Energy and Utilities
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 Healthcare and Life Science
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
- 9.9 Others
- 9.9.1 Market Trends
- 9.9.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Accessdata Group Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Commvault Systems Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Conduent Incorporated
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Driven Inc. (Xplenty)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Fronteo Inc. (Formerly UBIC)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 FTI Consulting
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 International Business Machines Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Logikcull
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Micro Focus International Plc
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Nuix Pty Ltd (Macquarie Group)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11 Open Text Corporation
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Veritas Technologies LLC (The Carlyle Group)
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.13 ZyLAB Technologies
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.1 Accessdata Group Inc.
List of Figures
- Figure 1: Global: eDiscovery Market: Major Drivers and Challenges
- Figure 2: Global: eDiscovery Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: eDiscovery Market: Breakup by Component (in %), 2023
- Figure 4: Global: eDiscovery Market: Breakup by Deployment Type (in %), 2023
- Figure 5: Global: eDiscovery Market: Breakup by End-User (in %), 2023
- Figure 6: Global: eDiscovery Market: Breakup by Vertical (in %), 2023
- Figure 7: Global: eDiscovery Market: Breakup by Region (in %), 2023
- Figure 8: Global: eDiscovery Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 9: Global: eDiscovery (Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: eDiscovery (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: eDiscovery (Software) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: eDiscovery (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: eDiscovery (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: eDiscovery (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: eDiscovery (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: eDiscovery (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: eDiscovery (Hybrid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: eDiscovery (Hybrid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: eDiscovery (Government/Federal Agencies, Legal and Regulatory Firms) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: eDiscovery (Government/Federal Agencies, Legal and Regulatory Firms) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: eDiscovery (Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: eDiscovery (Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: eDiscovery (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: eDiscovery (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: eDiscovery (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: eDiscovery (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: eDiscovery (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: eDiscovery (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: eDiscovery (Legal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: eDiscovery (Legal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: eDiscovery (IT and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: eDiscovery (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: eDiscovery (Government) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: eDiscovery (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: eDiscovery (Energy and Utilities) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: eDiscovery (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Global: eDiscovery (Healthcare and Life Science) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Global: eDiscovery (Healthcare and Life Science) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Global: eDiscovery (Other Verticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Global: eDiscovery (Other Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: North America: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: North America: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: United States: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: United States: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Canada: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Canada: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Asia Pacific: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Asia Pacific: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: China: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: China: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Japan: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Japan: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: India: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: India: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: South Korea: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: South Korea: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Australia: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Australia: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Indonesia: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Indonesia: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Europe: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Europe: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Germany: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Germany: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: France: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: France: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: United Kingdom: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: United Kingdom: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Italy: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Italy: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Spain: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Spain: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Russia: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Russia: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Others: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Others: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Latin America: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Latin America: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Brazil: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Brazil: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Mexico: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Mexico: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Others: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 86: Others: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 87: Middle East and Africa: eDiscovery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 88: Middle East and Africa: eDiscovery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 89: Global: eDiscovery Industry: SWOT Analysis
- Figure 90: Global: eDiscovery Industry: Value Chain Analysis
- Figure 91: Global: eDiscovery Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: eDiscovery Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: eDiscovery Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: eDiscovery Market Forecast: Breakup by Deployment Type (in Million US$), 2024-2032
- Table 4: Global: eDiscovery Market Forecast: Breakup by End-User (in Million US$), 2024-2032
- Table 5: Global: eDiscovery Market Forecast: Breakup by Vertical (in Million US$), 2024-2032
- Table 6: Global: eDiscovery Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: eDiscovery Market Structure
- Table 8: Global: eDiscovery Market: Key Players
