The Global eDiscovery Market was $13.2 Bn in 2020, and it is expected to reach $33.5 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 9.8% between 2020-2030. eDiscovery outlines discover government investigations. It mainly focuses on the exchange of data of ESI, which is electronically sorted information. The robust demand for the investigation department for this market is to increase the growth rate during the forecast period. However, in the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. Now, Moving forward, robust demand for Global eDiscovery Market in the software department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Global eDiscovery Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global eDiscovery market is segmented as a compound, deployment type, organization type, and vertical. By compound the eDiscovery market is divided into Introduction, Software, Identification, Preservation, and Collection, Processing, Review, and Analysis, Production and Presentation, Services, Training, Consulting, and Integration, Managed Services, and Support and Maintenance. By deployment type, the global eDiscovery market is bifurcated as On-premises and Cloud. By organization type, the market is divided as Small and Medium-sized Enterprises (SMEs), and Large Enterprises. By vertical the global eDiscovery market is segmented as BFSI, Retail and Consumer goods, healthcare and life sciences, manufacturing, Legal, IT and Telecommunications, Government and Public sector, Energy and Utilities, and Others.
By Region, North America is Holding the Major Market Share
The global eDiscovery market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America has a significant share among those regions. However, it is estimated to show that in the next forecast period, it has the highest compound annual growth rate due to some major eDiscovery providers. Apart from that, the rest of regions like Europe, Asia Pacific, and others, also have a possibility to increase the growth rate in the next forecast periods.
Major Players in Global eDiscovery Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include AccessData (US), Advanced Discovery (US), Catalyst (US), CloudNine (US), Commvault (US), Conduent (US), Deloitte (US), Driven (US), Epiq (US), FRONTEO (Japan), FTI (US), IBM (US), Ipro (US), KLDiscovery (US), Lighthouse (US), Logikcull (US), Micro Focus (UK), Microsoft (US), Nuix (Australia), OpenText (Canada), Relativity (US), Ricoh (Japan), Thomson Reuters (Canada), Veritas (US), and ZyLAB (Netherlands).
The Global eDiscovery Market Has Been Segmented into:
Global eDiscovery Market: By Component
Global eDiscovery Market: By Deployment Type
Global eDiscovery Market: By Organization Size
Global eDiscovery Market: By Vertical
Global eDiscovery Market: By Region