Market Overview:
The global electronic discovery software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based electronic discovery software and rising adoption of e-discovery solutions by small and medium businesses (SMBs). On the basis of type, the global electronic discovery software market is segmented into cloud-based and on-premise. The cloud-based segment is expected to grow at a higher CAGR than the on-premise segment during the forecast period. This can be attributed to the growing demand for cloud computing among enterprises due to its advantages such as scalability, flexibility, and cost efficiency. Based on application, the global electronic discovery software market is divided into enterprise, service providers, law firms, government organizations, and other segments.
Product Definition:
Electronic discovery software is used to collect, review and produce electronically stored information (ESI) in response to a legal request or investigation. The importance of electronic discovery software is that it helps organizations quickly and efficiently gather relevant data from across the organization for review. This can help reduce the time and cost of responding to legal requests.
Cloud-Based:
Cloud-based is a term used to define software applications and services that are hosted on the cloud. The growth of this market can be attributed to factors such as cost efficiency, ease of access from any location, retrieval of large data sets in a short span and compliance with rules & regulations. Cloud-based EDiscovery software has been widely adopted by legal departments across various industries for managing document production processes efficiently.
On-Premise:
On-premise software is a type of software that is installed and used on the end user's computer, server or workstation. The end-user can be an individual or an organization. On-premise solutions are developed and provided to organizations by various vendors such as IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation among others.
Application Insights:
The enterprise application segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to factors such as increasing demand for EDiscovery software from large enterprises, growing concerns about data loss and breaches, and rising awareness among companies regarding their legal rights.
The service providers application segment is expected to register a significant CAGR of XX% during the same period owing to an increase in demand from SMEs/Midsize businesses that are still trying to understand their legal rights when it comes time for them seek damages after a data breach or suffer losses due by reason of another party¢â‚¬â„¢s negligence. Service providers also offer flexible payment options while charging reasonable rates based on actual usage thus making them popular among customers seeking affordable solutions.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of law firms, government agencies, and other organizations that are using EDiscovery software for legal holds and document management. Moreover, these organizations are also outsourcing their electronic discovery needs to third-party service providers due to lack of skilled IT professionals or budget constraints.
Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to increasing adoption by small & medium enterprises as well as large enterprises for data discovery across various industry verticals such as healthcare & life sciences, legal services etc. Furthermore, growing awareness about eDiscovery among lawyers in countries such as China and India is further propelling market growth in this region.
Growth Factors:
- Increasing demand for e-discovery software from small and medium businesses (SMBs) due to the growing awareness of the benefits of e-discovery software.
- The increasing number of litigations and compliance requirements are driving the growth of the e-discovery market.
- The growing demand for cloud-based e-discovery solutions is another major factor that is contributing to the growth of this market.
- Rapid technological advancements in hardware and software are also propelling the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Discovery Software Market Research Report
By Type
Cloud-Based, On-Premise
By Application
Enterprise, Service Providers, Law Firm, Government, Other
By Companies
Logikcull, Onna, Nextpoint, CloudNine Discovery, Relativity, Sherpa Software, Lexbe, CaseFleet, Zapproved, ICONECT Development, LexisNexis, Digital WarRoom, Exterro, IPRO, Venio Systems, Knovos, Reveal Data, SysTools Software, Page Vault, Nuix, Infology, Servient, Conduent, Equivio
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Discovery Software Market Report Segments:
The global Electronic Discovery 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
Enterprise, Service Providers, Law Firm, Government, Other
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:
- Logikcull
- Onna
- Nextpoint
- CloudNine Discovery
- Relativity
- Sherpa Software
- Lexbe
- CaseFleet
- Zapproved
- ICONECT Development
- LexisNexis
- Digital WarRoom
- Exterro
- IPRO
- Venio Systems
- Knovos
- Reveal Data
- SysTools Software
- Page Vault
- Nuix
- Infology
- Servient
- Conduent
- Equivio
Highlights of The Electronic Discovery 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:
- Enterprise
- Service Providers
- Law Firm
- Government
- Other
- 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 Electronic Discovery 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Electronic discovery software (EDS) is a computer software application used in the legal process. EDS allows attorneys to electronically search and review electronic documents, including emails, text messages, photographs, and other digital information.
Some of the major companies in the electronic discovery software market are Logikcull, Onna, Nextpoint, CloudNine Discovery, Relativity, Sherpa Software, Lexbe, CaseFleet, Zapproved, ICONECT Development, LexisNexis, Digital WarRoom, Exterro, IPRO, Venio Systems, Knovos, Reveal Data, SysTools Software, Page Vault, Nuix, Infology, Servient, Conduent, Equivio.
The electronic discovery 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 Electronic Discovery 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 Electronic Discovery Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery Software Market Size & Forecast, 2018-2028
4.5.1 Electronic Discovery Software Market Size and Y-o-Y Growth
4.5.2 Electronic Discovery Software Market Absolute $ Opportunity
Chapter 5 Global Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery Software Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Service Providers
6.2.3 Law Firm
6.2.4 Government
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery Software Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery Software Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Service Providers
9.10.3 Law Firm
9.10.4 Government
9.10.5 Other
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 Electronic Discovery Software Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery Software Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Service Providers
10.10.3 Law Firm
10.10.4 Government
10.10.5 Other
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 Electronic Discovery Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery Software Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Service Providers
11.10.3 Law Firm
11.10.4 Government
11.10.5 Other
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 Electronic Discovery Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Discovery 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 Electronic Discovery 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 Electronic Discovery Software Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Service Providers
12.10.3 Law Firm
12.10.4 Government
12.10.5 Other
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) Electronic Discovery Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Discovery 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) Electronic Discovery 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) Electronic Discovery Software Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Service Providers
13.10.3 Law Firm
13.10.4 Government
13.10.5 Other
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 Electronic Discovery Software Market: Competitive Dashboard
14.2 Global Electronic Discovery Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Logikcull
14.3.2 Onna
14.3.3 Nextpoint
14.3.4 CloudNine Discovery
14.3.5 Relativity
14.3.6 Sherpa Software
14.3.7 Lexbe
14.3.8 CaseFleet
14.3.9 Zapproved
14.3.10 ICONECT Development
14.3.11 LexisNexis
14.3.12 Digital WarRoom
14.3.13 Exterro
14.3.14 IPRO
14.3.15 Venio Systems
14.3.16 Knovos
14.3.17 Reveal Data
14.3.18 SysTools Software
14.3.19 Page Vault
14.3.20 Nuix
14.3.21 Infology
14.3.22 Servient
14.3.23 Conduent
14.3.24 Equivio
