Business Feature

Market Trends for eDiscovery in 2022: Growth, Share, Size, Demand, and Future Scope

eDiscovery

The most recent report from IMARC Group, “eDiscovery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” provides a thorough analysis of the market and includes information on the ediscovery market.

Report Metric

Previous: 2016–2021

Default Year: 2021

Year of Forecast: 2022–2027

We continuously monitor COVID-19’s direct market impact as well as the indirect effects of related industries. The report will incorporate these observations.

In 2021, the global eDiscovery market had a value of $11.4 billion USD. The process of identifying, gathering, & presenting electronically stored information (ESI) as evidence for legal investigations is know as electronic discovery, or eDiscovery. Emails, document, presentations, voicemail, audio, video files, databases, social media, & websites are the typical components. In order to finds concealed evidence, forensic investigators also examine raw data & metadata. It is employed for pattern recognition & analytical research necessary for legal, constitutional, political, and privacy investigation.

Market Trends

One of the key drivers of the markets growth is the significant growth of the information and technology (IT) industry, which is being fueled by quick digitalization and rising IoT device adoption. A further factors boosting the demand for eDiscovery to access and recovers information traces is the growing adoption of clouds computing systems, which has considerably boosted the generation of digital-data. Additionally, a number of businesses or implementing cutting-edge technologies to optimise their processes & ediscovery cut costs, which is having an beneficial impact on the market. Additionally, rising instances of felonies like tax fraud and money laundering are predicted to drive the market in the upcoming year. tax fraud is also projected to drive the eDiscovery market. Looking ahead, IMARC Group projects that the market will grow at a CAGR of 8.49% from 2022 to 2027, reaching US$ 18.5 billion.

Query an Analyst and view the full report at https://www.imarcgroup.com/ediscovery-market

Key Businesses Listed in This Market Report:

  • Incorporated Accessdata Group
  • Inc.’s Commvault Systems
  • The Conduent Corporation
  • Driving Inc (Xplenty)
  • Fronteo, Inc (Formerly UBIC)
  • FTI Consult
  • International Business Machines
  • Logikcull
  • “Micro Focus International Plc.”
  • It is Nuix Pty Ltd. (Macquarie Group)
  • Incorporated by Open Text
  • Veritas Technology LLC (The Carlyle Group)
  • Technologies ZyLAB

According to component, deployment type ediscovery, end-user, vertical, and geographic criteria, the market has been divided in the report.

Division by Component:

  • Services
  • Software

Division by Type of Deployment:

  • On-premises
  • Cloud-based
  • Hybrid

Separation by End-User:

  • Government Organizations
  • Enterprises
  • Law offices

Division by Vertical:

  • BFSI
  • Shops and consumer products
  • Manufacturing
  • Legal
  • Computer and telephone systems
  • Government
  • Utility and Energy
  • Life science and healthcare
  • Others

Grouping by Region:

  • The Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • The Americas (Brazil, Mexico)
  • Mideast and Africa

Principal points of the report:

  • Market Activity (2016-2021)
  • Market Prospects (2022- 2027)
  • Analysis of Porter’s Five Forces
  • Success factors and market drivers
  • Analysis of the SWOT
  • Valuation Chain
  • Comprehensive Competitive Landscape Mapping

As parts of the customization, we can give you any unique information you require that is not already covered by the report.

What We Do

Leading market research firm IMARC Group provides management strategy and market research globally. We work in tandem with clients across various industries and geographical areas to pinpoint their most valuable opportunities, resolve their most pressing problems, and improve their businesses.

For business executives in the pharmaceutical, industrial, and high technology sectors, IMARC’s information packages cover significant market, scientific, economic, and technological changes. The company’s area of specialisation includes ediscovery market predictions and industry analysis for the following sectors: biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and unique processing techniques.

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