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iCrowdNewswire Jan 15, 2021 5:00 AM ET

E-Discovery Market 2021 Production Value, Gross Margin Analysis, COVID-19 Pandemic Impact, Applications, Development Status and Industry Outlook 2023

iCrowd Newswire - Jan 15, 2021

E-Discovery Market Highlights:

The global e-discovery market is slated to surpass a valuation of USD 24 billion by 2023 by maintaining a 20% CAGR during the forecast period of 2018 to 2023.

Market Research Future (MRFR) has predicted that the market has significant growth opportunities as factors like a significant hike in the electronic data stored and produced, the inclusion of age group ratio, its ability to curb time in assessing various records and understand the process, cost-efficiency, and others are going to evolve as major contributors. However, the system requires much improvement, especially in artificial intelligence and algorithms. 

Competitive Landscape:

The global market report on the E-Discovery Market reveals an understanding of major companies like FTI Technology LLC (U.S.), IBM Corporation (U.S.), Zylab Technologies (U.S.), Kcura LLC (U.S.), Hewlett Packard Enterprise (U.S.), Xerox Corporation (U.S.), Ernst & Young Global Limited (U.K.), Logik (U.S.), Lexbe (U.S.), Navigant Consulting (U.S.), and others.

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The e-discovery market has been studied and segmented by MRFR analysts to understand dynamics that are influencing the market. It includes segments like a solution, deployment, service, and vertical. 

Regional Landscape:

North America and Europe have the scope to make the permeation process of the market easier as their technological infrastructure is quite advanced and the ability to invest is also significant. In Asia Pacific, booming industries are going to make it easier for the market to expand their presence. 

Industry News:

In August 2020, the Association of Certified E-Discovery Specialists (ACEDS), the flag-bearer of e-discovery training and certification professional association and also a part of The BARBRI Group, announced its planned collaboration with legal technology leader Relativity to get access to latter’s Relativity Fellows program. This program is designed to welcome motivated individuals from overlooked communities to understand various details of the Relativity platform and be an expert in legal technology. Using this partnership, ACEDS aims to provide foundational e-discovery training to various participants.

In September 2020, Commvault, a well-known player of the enterprise software in the management of data in the various cloud and on-premises environments, announced upliftments to Metallic, Commvault’s enterprise-grade SaaS data protection portfolio. New features will support a range of new workloads and compliance needs, back various Microsoft applications, eDiscovery capabilities, and adhere to the General Data Protection Regulation (GDPR) compliance.

The global e-discovery software market is slated to benefit from changes made during the COVID-19 pandemic. New regulations and work methods are expected to support these changes. 

Table of Contents

1          Market Introduction

1.1       Introduction   

1.2       Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3       Market Structure


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