PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1731149
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1731149
The global eDiscovery market was valued at USD 12.3 billion in 2024 and is expected to expand significantly, reaching USD 23.5 billion by 2032. Growing at a CAGR of 8.5% from 2025 to 2032, this market growth is fueled by the ever-increasing volume of electronically stored information (ESI) that organizations must manage for legal and regulatory compliance. The rising complexity of litigation, combined with stringent data privacy regulations, is driving demand for advanced eDiscovery tools that streamline data identification, collection, and analysis.
Cloud-based eDiscovery solutions and integration of artificial intelligence (AI) and machine learning (ML) technologies are revolutionizing the market by enhancing efficiency, accuracy, and cost-effectiveness. As organizations across sectors such as BFSI, healthcare, and government focus on risk mitigation and regulatory adherence, the adoption of sophisticated eDiscovery platforms is accelerating globally.
Key Insights
The eDiscovery market size was USD 12.3 billion in 2024 and is projected to reach USD 23.5 billion by 2032, growing at a CAGR of 8.5%.
Cloud deployment models are increasingly preferred for their scalability, flexibility, and cost benefits.
AI and ML-powered analytics are gaining traction, enabling faster document review, predictive coding, and automated data processing.
Litigation and legal operations remain the leading use case, driven by heightened regulatory scrutiny worldwide.
North America dominates the market due to strict regulatory environments and the presence of major technology providers.
The Asia-Pacific region is poised for rapid growth, supported by increasing digitalization and evolving legal frameworks.
Major companies like IBM Corporation, Microsoft Corporation, OpenText Corporation, and Nuix Ltd are focusing on product innovation and strategic collaborations.
Industry sectors such as BFSI, healthcare, and government are major adopters of eDiscovery solutions to handle complex and voluminous data.
Increasing emphasis on data security and privacy is propelling the development of advanced, compliant eDiscovery platforms.
The integration of big data analytics with eDiscovery tools is enhancing the accuracy and speed of legal processes.