Growing Volumes of Digital Data Fuels Demand for eDiscovery Solutions
Advancement in ediscovery solutions has had a tremendous impact on the decision-making process in almost every business and socioeconomic aspect, according to a report recently added to the vast repository of Market Research Reports Search Engine (MRRSE). The research publication is titled “eDiscovery Market (By Component – Software and Services; By Software Type – On-Premise Software and Off-Premise Software; By End-users – Government and Regulatory Agencies, Enterprises (Small, Mid and Large-Size Enterprises) and Law Firms) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”.
This 99-page research publication offers a thorough assessment and forecast of the global ediscovery market, based on a review of its components, end users, and regional segments for the period of 2014 to 2022. While the overview section discusses the market dynamics and trends that impact the nature and performance of the ediscovery market, tools such as value chain analysis and Porter’s five forces shed light on the overall competitive scenario of the global market. This comprehensive report is backed by accurate historical, current, and forecast statistics, making it a quantitative as well as qualitative assessment of the ediscovery market.
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The report studies the overall ediscovery market on the basis of three parameters: component, end user, and geography. The market size, revenue, and forecast of each segment and sub-segment have been provided in the report. By component, the ediscovery market is bifurcated into software and services. The software segment is further categorized into off-premise and on-premise software. The end users of ediscovery solutions include law firms, enterprises, and regulatory and government agencies. On the basis of geography, the key regional markets for ediscovery are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa.
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The key factors driving and restricting the growth of the global and domestic ediscovery market are identified and reviewed in detail in the report. According to the study, favorable government regulations, growing volume of electronically stored information (ESI) in organizations, and rising use of social media platforms by organizations to boost marketing fuel the demand for ediscovery solutions. Mobile devices are anticipated to become the next rage in ediscovery trends. However, high costs associated with the overall process of ediscovery are projected to hamper the growth of the global market.
There are a number of players competing in the ediscovery market and the research report features the most noteworthy vendors making a significant contribution towards the development of the industry. Epiq Systems Inc., Daegis Inc., Integreon Managed Solutions Inc., Symantec Corporation, Xerox Corporation, Navigant Consulting Inc., Catalyst Repository Systems Inc., Guidance Software Inc., FTI Consulting Inc., HP Autonomy, EMC Corporation, and IBM Corporation are the companies profiled in the research report. These vendors are analyzed based on attributes such as company overview, recent developments, business strategies, financial performance, and SWOT analysis.