Market Overview:
The global eDiscovery software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for eDiscovery software from various end-use industries, such as BFSI, healthcare, energy & utilities, travel & hospitality, government & legal sectors, IT & telecom and others. Additionally, the growing trend of cloud-based deployment is also contributing significantly to the growth of this market. However, lack of awareness about eDiscovery solutions among small and medium businesses (SMBs) is restraining the growth of this market to some extent.
Product Definition:
eDiscovery software is a category of computer programs used to collect, search, and analyze electronically stored information (ESI). eDiscovery software is important because it helps organizations collect and review potentially relevant data in response to litigation or other investigations.
Cloud Based:
Cloud-based eDiscovery software is a service model that enables organizations to store, manage, and analyze electronic documents. It also helps in managing digital investigations for legal purposes. The growth of this market can be attributed to the increase in demand for cost effective solutions such as eDiscovery software from various end-use industries such as BFSI, IT & telecom and government sectors among others.
On-Premise:
On-premise software is a type of software that is installed and used on the end user's own computers or servers. The data that is being managed by the software can be from one or many sources such as emails, instant messaging, webinars, audio/video tapes and so on. The advantage of this type of software over cloud based solutions is that it offers more control to the organization for information security as well as privacy protection.
Application Insights:
The eDiscovery software is used across various industry verticals for different purposes. The banking, financial services, and insurance (BFSI) sector accounted for the largest revenue share in 2017 owing to the increasing demand from litigants and defendants within the sector. The healthcare segment is expected to witness a significant growth over the forecast period due to an increase in data volumes and complexity of medical records.
eDiscovery solutions are widely adopted by large enterprises as well as SMEs across all industries on a cost-effective basis with benefits such as ease of use, scalability & flexibility along with advanced analytics capabilities that help organizations manage their case files efficiently. Furthermore, growing awareness among businesses regarding digital transformation initiatives coupled with regulatory pressure encouraging companies to adopt electronic discovery solutions is expected drive market growth over the forecast period.
Regional Analysis:
The market in North America accounted for the largest revenue share in 2017 owing to the presence of major technology players such as IBM Corporation, Legal & General Group Plc., and Discovery Ltd. Moreover, increasing demand for eDiscovery software by law firms due to rising cases of cybercrimes has been driving the market growth. The U.S.
Asia Pacific is expected to be one of the fastest-growing regions during forecast years on account of growing adoption by small & medium enterprises (SMEs). Furthermore, government initiatives encouraging SMEs to adopt cloud computing are anticipated to fuel regional growth over next few years.
Growth Factors:
- Increasing demand for eDiscovery software from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of eDiscovery software among these businesses.
- The increasing number of data breaches and compliance requirements are driving the demand for eDiscovery software, as organizations need to identify, preserve, and produce relevant data in response to legal requests or investigations.
- The growing popularity of cloud-based eDiscovery solutions is helping to drive the growth of the market as more organizations are moving away from on-premises solutions due to their lower costs and ease of deployment and management.
- The increasing use of big data analytics is helping organizations gain insights into their data that can be used for litigation support or other purposes, which is fueling the growth of the market for eDiscovery software tools that can help with big data analysis tasks.
- The growing number of mergers & acquisitions (M&As) is leading to an increase in the volume of electronically stored information (ESI), which is driving demand for eDiscovery software tools that can help manage large volumes
Scope Of The Report
Report Attributes
Report Details
Report Title
eDiscovery Software Market Research Report
By Type
Cloud Based, On-Premise
By Application
BFSI, Healthcare, Energy & Utilities, Travel & Hospitality, Government & Legal Sectors, IT & Telecom, Others
By Companies
IBM Corporation, Accessdata, Exterro, FTI Consulting, Guidance Software, Hewlett Packard Enterprise Development, Nuix, ZyLAB, Xerox Corporation, kCura LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global eDiscovery Software Market Report Segments:
The global eDiscovery Software market is segmented on the basis of:
Types
Cloud Based, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Healthcare, Energy & Utilities, Travel & Hospitality, Government & Legal Sectors, IT & Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM Corporation
- Accessdata
- Exterro
- FTI Consulting
- Guidance Software
- Hewlett Packard Enterprise Development
- Nuix
- ZyLAB
- Xerox Corporation
- kCura LLC
Highlights of The eDiscovery Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-Premise
- By Application:
- BFSI
- Healthcare
- Energy & Utilities
- Travel & Hospitality
- Government & Legal Sectors
- IT & Telecom
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the eDiscovery Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
eDiscovery software is a suite of tools used by attorneys to manage and review electronic evidence. The software includes a search engine, document management system, and litigation support tools.
Some of the major companies in the ediscovery software market are IBM Corporation, Accessdata, Exterro, FTI Consulting, Guidance Software, Hewlett Packard Enterprise Development, Nuix, ZyLAB, Xerox Corporation, kCura LLC.
The ediscovery software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 eDiscovery Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 eDiscovery Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 eDiscovery Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the eDiscovery Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global eDiscovery Software Market Size & Forecast, 2018-2028 4.5.1 eDiscovery Software Market Size and Y-o-Y Growth 4.5.2 eDiscovery Software Market Absolute $ Opportunity
Chapter 5 Global eDiscovery Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 eDiscovery Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global eDiscovery Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 eDiscovery Software Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Healthcare
6.2.3 Energy & Utilities
6.2.4 Travel & Hospitality
6.2.5 Government & Legal Sectors
6.2.6 IT & Telecom
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global eDiscovery Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 eDiscovery Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America eDiscovery Software Analysis and Forecast
9.1 Introduction
9.2 North America eDiscovery Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America eDiscovery Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America eDiscovery Software Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Healthcare
9.10.3 Energy & Utilities
9.10.4 Travel & Hospitality
9.10.5 Government & Legal Sectors
9.10.6 IT & Telecom
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe eDiscovery Software Analysis and Forecast
10.1 Introduction
10.2 Europe eDiscovery Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe eDiscovery Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe eDiscovery Software Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Healthcare
10.10.3 Energy & Utilities
10.10.4 Travel & Hospitality
10.10.5 Government & Legal Sectors
10.10.6 IT & Telecom
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific eDiscovery Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific eDiscovery Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific eDiscovery Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific eDiscovery Software Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Healthcare
11.10.3 Energy & Utilities
11.10.4 Travel & Hospitality
11.10.5 Government & Legal Sectors
11.10.6 IT & Telecom
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America eDiscovery Software Analysis and Forecast
12.1 Introduction
12.2 Latin America eDiscovery Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America eDiscovery Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America eDiscovery Software Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Healthcare
12.10.3 Energy & Utilities
12.10.4 Travel & Hospitality
12.10.5 Government & Legal Sectors
12.10.6 IT & Telecom
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) eDiscovery Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) eDiscovery Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) eDiscovery Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) eDiscovery Software Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Healthcare
13.10.3 Energy & Utilities
13.10.4 Travel & Hospitality
13.10.5 Government & Legal Sectors
13.10.6 IT & Telecom
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 eDiscovery Software Market: Competitive Dashboard
14.2 Global eDiscovery Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM Corporation
14.3.2 Accessdata
14.3.3 Exterro
14.3.4 FTI Consulting
14.3.5 Guidance Software
14.3.6 Hewlett Packard Enterprise Development
14.3.7 Nuix
14.3.8 ZyLAB
14.3.9 Xerox Corporation
14.3.10 kCura LLC