Emergency Call- 24/7 support
Home » ICT » Enterprise IT » IEN-6620817
* For discount/customization and buying a particular chapter click here or write to us at [email protected]
Electronic discovery (e- discovery) is the process of location, soughing and searching of the data in its electronic format with the intent of using it as evidence in government investigations, civil and criminal legal cases, litigation etc. The global e- discovery market is expected to rise at a CAGR of 22% during the forecast period 2016-2023. The features of electronic information such as intangible, transience, volume and persistence play an important part as evidence during investigation process. The major application of e- discovery is found in criminal and private investigation. Increasing acceptance of predictive coding, need for proactive solutions, acceptance of predictive coding etc. are the factors increasing the demand for e- discovery therefore adding growth in the global e- discovery market during the forecast period.
Acceptance of predictive coding across end users is contributing to the growth of the global e- discovery market during the forecast period. Predictive coding technique involves searching a keyword, sampling and filtering to automate e-discovery document review. Moreover, it reduces the number of non responsive and irrelevant documents that are needed to be reviewed manually. Predictive coding is considered to be next revolution in e-discovery for legal applications. Furthermore, market players such as Equivio and Recommind, Inc. launch e-discovery products (such as Axcelerate) that provide support for predictive coding therefore adding growth in the global e- discovery market during the forecast period.
Source: OBRC Analysis
The report on global e-discovery market is segmented on the basis of its segments which include solution, deployment model, services and industry.
Solutions of e-discovery include:
Deployment models in e-discovery can be classified as:
Services offered by e-discovery include:
Industries adopting e-discovery can be divided as:
The report scope is widely categorized on the basis of its segments such as solution, deployment model, services and industry. Moreover, the market revenue estimates and forecast includes only the e-discovery solutions and services. However, report scope excludes other discovery services.
Geographically, the global e-discovery market report has been segmented in:
North America accounted for the largest market share in terms of revenue for the e-discovery market in 2016 followed by Europe. North America is expected to dominate the market during the forecast period owing to high adoption of cloud based technology in the region. United States and Canada majorly contributes to the dominance of North America for the global e-discovery market during the forecast period. Moreover, there has been a continuous adoption of e-discovery solutions and services by different end users such as law firms and enterprises for early case assessment across the region. Furthermore, Asia Pacific is expected to be the fastest growing region for the global e-discovery market during the forecast period owing to technological developments in the field of analytics and cloud as well as emergence of mobile technologies. Also, rapid industrialization in emerging economies such as China, India, Japan and South Korea results in the fastest growth of Asia Pacific for the global e-discovery market during the forecast period.
Global e-discovery market report covers segmentation analysis of solution, deployment model, services and industry. Report further covers segments of solution which includes data processing, data production, early case assessment, legal hold and technology assisted review. Technology assisted review and data production held the largest market share in terms of revenue in 2016 and it is expected to dominate the segment during the forecast period. These segments empower the organization by saving time and money spent on reviewing & managing large sets of documents, reducing risks and enhanced efficiency of the organization. Deployment models in e-discovery can be classified as cloud and on premise. Cloud deployment type held the largest market share in terms of revenue in 2016 and it is expected to dominate the segment during the forecast period. Cloud empowers the organization to increase its business by offering solutions across the globe. Also, it enables the organization to decrease the cost associated with IT infrastructure as well as its maintenance. Moreover, services offered by e-discovery include consulting, implementation, managed services and training and support. Furthermore, the industries adopting e-discovery can be divided as Banking, Financial Services and Insurance (BFSI), energy and utilities, government, healthcare, IT and Telecom, legal sector, media and entertainment, transportation and logistics, travel and hospitality and other industries.
The major market players of the global e-discovery market are:
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, acquisition and partnership is the key strategy adopted by the companies in the global e-discovery market.
For example: In 2017, Open Text acquired forensic security vendor Guidance Software. The major aim of this acquisition was to expand e-discovery and file analytics portfolio.
In 2017, Night Owl Discovery joined with Exterro Orchestrated E-Discovery. The main aim of the partnership was to solve major shortcomings in the traditional approach to manage the e-discovery process.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global e-discovery market.
Key reasons to buy the report:
How are we different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global e-discovery market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global e-discovery market, with giving extensive SCOT analysis of key companies.
Key findings of the global e-discovery market:
LIST OF TABLES
LIST OF FIGURES