According to IMARC Group’s latest report, titled “eDiscovery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on ediscovery market.

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

The global eDiscovery market reached a value of US$ 11.4 Billion in 2021. Electronic discovery (eDiscovery) refers to the process of recognizing, collecting, and presenting electronically stored information (ESI) as evidence for legal investigations. It usually consists of emails, documents, presentations, voicemail, audio, video files, databases, social media, and websites. It also comprises raw data and metadata that forensic investigators review to track hidden evidence. It is used for identifying patterns and conducting analytical research required for legal, constitutional, political investigation, and privacy issues.

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Market Trends

Considerable growth in the information and technology (IT) industry, along with rapid digitization and the increasing utilization of the Internet of Things (IoT)-enabled devices, represents one of the major factors propelling the market growth. Moreover, the widespread adoption of cloud computing systems has significantly increased the generation of digital data, thereby driving the need for eDiscovery to access and recover traces of information. Besides this, various organizations are adopting advanced technologies to streamline their operations and minimize operational costs, which is positively influencing the market. Additionally, increasing incidences of felonies, such as tax fraud and money laundering, are anticipated to drive the market.tax fraud, are also subjected to drive the eDiscovery market in the coming year. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2027, exhibiting at a CAGR of 8.49% during 2022-2027.

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List of Key Companies Covered in this Market Report:

  • 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

The report has segmented the market on the basis of component, deployment type, end-user, vertical and geography

Breakup by Component:

  • Services
  • Software

Breakup by Deployment Type:

  • On-premises
  • Cloud-based
  • Hybrid

Breakup by End-User:

  • Government Agencies
  • Enterprises
  • Law Firms

Breakup by Vertical:

  • BFSI
  • Retail and Consumer Goods
  • Manufacturing
  • Legal
  • IT and Telecommunication
  • Government
  • Energy and Utilities
  • Healthcare and Life Science
  • Others

Breakup by Geography:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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