E-discovery is moving from the edge profoundly to the business. Moreover, E-discovery eases and simplifies the utilization of applications and application program interfaces to operationalize results. E-discovery gives real time data spilling and further developing data pipelines, which will support huge data into various classes, for example, significant and quick information.
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E-discovery or electronic discovery is a process in which electronic data is brought, located or searched with the intention of using it as a civil evidence or in any legal proceedings. It can also work offline on a particular computer. It has its wide application in government, legal sector, banking, financial services, and insurance, energy and utilities, healthcare, travel and hospitality, transportation and logistics, IT and telecom, media and entertainment, and others. Growing litigations globally and stringent policy and compliance regulations worldwide may act as the major driver in the growth of global e-discovery market. On the other hand high costing involved in solutions and services may hamper the market growth.
E-discovery market is expected to rise from its initial estimated value of USD 12.49 million in 2018 to an estimated value of USD 69.79 million by 2026, registering a CAGR of 24.00% in the forecast period of 2019-2026. This rise in market value can be attributed due to the increasing adoption of electronic display devices equipped with the capabilities of interacting with various electrical appliances. Few of the major competitors currently working in the e-discovery market are
- Xerox Corporation
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- FTI Consulting, Inc.
- OpenText Corp.
Other Players are Exterro, Inc., Nuix, Logikcull, Swiftype, Inc., Open Text Corporation, Cicayda, Ipro Tech, LLC, Sherpa Software, Safelink, Zapproved LLC., NextPoint, Inc., SysTools, DFLABS SPA, Docket Alarm, Inc., LexisNexis., Algolia and others.
Key Developments in the Market:
In April 2019, Hewlett Packard Enterprise Development LP and Google Cloud join forces to accelerate innovation with hybrid cloud solutions optimized for containerized applications, This will also deliver ‘Everything’ as a Service to get a cloud experience everywhere and leverage the speed and agility of clouds, and avoid single cloud lock-in.
In January, 2019, CloudNine announced substantial technology enhancements and updated product names on its discovery software products. The CloudNine product suite now includes CloudNine LAW, CloudNine Concordance, CloudNine Explore, and CloudNine Review.
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Proliferation of IoT devices across various verticals and overabundance of stored data
Increase in the number of litigations across the globe
Focus on proactive governance with data analytics and emergence of new content sources
Segmentation: Global E-Discovery Market
Early Case Assessment
Technology Assisted Review
By Deployment Type
By Organisation Size
Small and Medium-Sized Enterprises
Government and Public Sector
Banking, Financial Services, and Insurance
Energy and Utilities
Healthcare and Life Sciences
Retail and Consumer Goods
IT and Telecommunications
Rest of South America
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
United Arab Emirates
Rest of Middle East and Africa
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