News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Press release distribution service
Home : U.S. Government News Search Engine                          

Home > U.S. Government News > Marketplace :
Home: United State Government News
Home | News | Submit Press Release |

eDiscovery Market Ongoing Trends and Recent Developments

(USGovernment-News.Com, October 23, 2019 ) According to the new market research report "eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets, the global eDiscovery market is expected to grow from USD 10.8 billion in 2018 to USD 17.3 billion by 2023, at a CAGR of 10.0% during the forecast period.

The major factors expected to drive the growth of the eDiscovery market are the growing need for decreasing the operational budget of legal departments and rising number of litigations across the globe. Moreover, the increasing focus on proactive governance with data analytics and growing emergence of new content sources, increasing growth in compliance requirements and data protection regulations, and growing use of Internet of Things (IoT) devices across verticals are also expected to surge the growth of the market. With the increasing adoption rate of IoT and big data among enterprises, the eDiscovery market is expected to gain major traction during the forecast period.

Browse and in-depth TOC on "Smart Government Market"
79 - Tables
67 - Figures
147 - Pages

Ask for PDF Brochure @

Services segment to hold a larger market size in the eDiscovery market during the forecast period

The eDiscovery market has been segmented based on components into two categories, namely, software and services. The demand for eDiscovery services is expected to increase, due to their significant benefits, such as huge cost-savings, trained resources, 24X7 availability of customer services, and support for legal research using the eDiscovery software. Among components, the services segment is expected to hold a larger market size, as eDiscovery services span the entire Electronic Discovery Reference Model (EDRM) that offers end users hands-on expertise for efficiently performing their core business functions.

Cloud deployment type to grow at a higher CAGR in the eDiscovery market during the forecast period

The cloud technology is being widely adopted by businesses, as it offers various benefits, including increased storage, scalability, flexibility, security, portability, and compliance. Small and Medium-sized Enterprises (SMEs) are adopting the cloud deployment model because it is cost-effective and provides detailed results. The cloud deployment type is projected to grow at a higher growth rate, as enterprises are finding cloud-deployed eDiscovery software attractive because it is easy to implement and offers agility in organizations and on-demand models.

Ask for Sample Pages @

North America to hold the largest market size in the eDiscovery market during the forecast period

North America is a matured market in terms of technology adoption, owing to various factors, including standardized regulations, advanced IT infrastructures, the presence of many enterprises, and availability of proficient technical experts. The region is an early adopter of eDiscovery services, as North American enterprises strictly adhere to regulations as compared to that of other regions. It is expected to hold the largest market size during the forecast period, as the countries in the region, especially the US and Canada, are rapidly adopting eDiscovery services to comply with various regulatory requirements and survive legal procedures.

Major vendors in the eDiscovery market include AccessData (US), Catalyst (US), Epiq (US), FTI (US), IBM (US), Micro Focus (UK), Microsoft (US), Nuix (Australia), OpenText (Canada), and ZyLAB (Netherlands).

For More Info:
MnM Blog:
Visit Our Website:
Content Source:


Mr. Shelly Singh


Source: EmailWire.Com


U.S. Governement News: Politics
  • Presidential Elections
  • Democrates
  • Congress
  • House of Representatives
  • President Obama
  • Republican Party
  • Mitt Romney
  • U.S. Senate
  • U.S. Military
  • U.S. Politics
  • Politics Video Feeds

    U.S. Government Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    USGovernment-News.Com is a news service of GroupWeb Media LLC