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EDiscovery Infrastructure Market By Service Type (Consulting, Training & implementation), By Component (Software & Service), By Deployment (Cloud based, On Premise), By Application (SME & Large Enterprise), By End-Users, By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033
  • Report ID 138029
  • Published Date May 2023
  • Delivery Format PDF/PPT/Word
  • Editor's Rating
  • Report Details

    Electronic Discovery (eDiscovery) is the process of identifying, collecting, and producing electronically stored information (ESI) in response to a request for production in a lawsuit or investigation. This can include emails, documents, databases, audio files, video files, social media posts, and other digital content.

    The EDiscovery Infrastructure Market size is expected to reach USD 27.4 billion, exhibiting an impressive CAGR of 8.7% between 2022 and 2032, from its current value of USD 11.2 billion in 2022.

    The eDiscovery infrastructure market refers to the set of hardware and software tools that facilitate the collection, preservation, processing, review, and production of electronically stored information (ESI) in the context of legal or regulatory investigations, disputes, or litigation. The market is driven by the growing volume of digital data, the increasing use of cloud-based eDiscovery solutions, and the need for effective information governance practices.

    Key Takeaways:

    • The eDiscovery infrastructure market is expected to grow at a CAGR of 8.7% from 2022 to 2033, reaching $25.3 billion by 2032.
    • The market is driven by the growing volume of digital data, the increasing use of cloud-based eDiscovery solutions, and the need for effective information governance practices.
    • The largest market for eDiscovery infrastructure is in North America, while the fastest-growing market is expected to be the Asia-Pacific region.
    • The major players in the market include IBM, Microsoft, HP, Symantec, and EMC Corporation.

    Market Demand and Trend:

    The demand for eDiscovery infrastructure is driven by the growing volume of digital data, particularly in the form of emails, social media, and mobile devices. As organizations increasingly rely on digital communication and collaboration tools, the amount of ESI that must be managed in the context of legal or regulatory matters continues to grow.

    The trend in the market is towards the adoption of cloud-based eDiscovery solutions, which offer greater scalability, flexibility, and cost-effectiveness than on-premise solutions. Cloud-based solutions also enable distributed teams to collaborate more effectively on eDiscovery projects, which is particularly important in the context of global litigation or regulatory investigations.

    Largest Market and Fastest Growing Market:

    North America is currently the largest market for eDiscovery infrastructure, driven by the high volume of legal and regulatory activity in the region and the strong presence of major eDiscovery vendors. The Asia-Pacific region is expected to be the fastest-growing market, driven by the increasing adoption of eDiscovery solutions in emerging economies such as China and India.

    Market Dynamics

    Drivers:

    • Growing volume of digital data
    • Increasing use of cloud-based eDiscovery solutions
    • Need for effective information governance practices
    • Rising number of regulatory investigations and litigation

    Restraints:

    • High cost of eDiscovery infrastructure solutions
    • Complexities associated with managing and analyzing large volumes of ESI
    • Concerns over data security and privacy

    Opportunities:

    • Integration of eDiscovery solutions with other enterprise applications
    • Development of advanced analytics and machine learning capabilities for eDiscovery
    • Expansion of eDiscovery services to emerging markets

    Challenges:

    • Ensuring compliance with evolving regulatory requirements
    • Managing data privacy and security risks associated with eDiscovery
    • Integrating disparate data sources and systems to create a unified view of ESI

    Market Segmentation

    By Service Type:

    • Consulting
    • Training
    • implementation

    By Application:

    • SME
    • Large Enterprise

    By Component:

    • Software
    • Service

    By Deployment:

    • Cloud-based
    • On-Premise

    Major Key Players in Global EDiscovery Infrastructure Market:

    • HP (United States)
    • IBM (United States)
    • Dell EMC (United States)
    • FTI (United States)
    • Xerox (United States)
    • Symantec Corporation (United States)
    • Guidance Software (United States)
    • Epiq Systems (United States)
    • Catalyst (United States)
    • Daegis (United States)

    Report Scope

    Report Attribute Details
    The market size value in 2022 USD 11.2 billion
    Revenue Forecast by 2033 USD 27.4 billion
    Global Market Growth Rate (2023 to 2033) CAGR Of 8.7%
    Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World
    Historical Years 2017-2022
    Base Year 2022
    Estimated Year 2023
    Short-Term Projection Year 2028
    Long-Term Projected Year 2032

     

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