Press Release / Technology / E-Discovery Market Analysis, Segments, Size, Growth, Top Key Players, Drivers and Trends by Forecast to 2023

E-Discovery Market Analysis, Segments, Size, Growth, Top Key Players, Drivers and Trends by Forecast to 2023

Market Highlights:
In E-Discovery market, digitization and mobility is one of significant factor driving the market. The advantages of digitization in e-discovery technology enable organization by providing evidence based options that helps in making quick decision by increasing efficiency and accuracy in operations through artificial intelligence. Digital technology supports both upstream and downstream e-discovery activities.
The capability to optimize legal volume documents from customers in real time is the biggest advantage of digital technology. The study indicates e-discovery is benefitted more from digitization in data processing. Mobility in e-discovery is gaining traction, as legal organization workforce is increasing and employees seek to access company information and tools through mobile devices. Companies should adopt control measures for data security and employee spending, as well mobile application integrating with legal systems.
The segmentation on the basis of deployment includes cloud and on-premise. Cloud solution accounts for highest E-Discovery Market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solution enable enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity and provides information related to governance and make enterprise legally prepared.
The e-discovery market is expected to grow at approximately USD 24 Billion by 2023, at 20% of CAGR between 2017 and 2023.
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Major Key Players:

IBM Corporation (U.S.)
FTI Technology LLC (U.S.)
Kcura LLC (U.S.)
Zylab Technologies (U.S.)
Xerox Corporation (U.S.)
Hewlett Packard Enterprise (U.S.)
Logik (U.S.)
Lexbe (U.S.)
Ernst & Young Global Limited (U.K.)
Navigant Consulting (U.S.)

Study Objectives of E-Discovery Market:

To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the E-discovery market.
To provide insights about factors affecting the market growth.
To analyze the E-discovery marke based porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
To provide country level analysis of the market with respect to the current market size and future prospective.
To provide country level analysis of the market for segment on the basis of solution, deployment, service and vertical.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the E-discovery market.

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Regional Analysis:
The regional analysis of E-discovery market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America region is expected to account for largest market share in e-discovery market owing to high implementation of cloud solutions in US and Canada.
Asia-Pacific region is growing at highest CAGR rate owing to massive industrial development, increasing crime rates and dynamic IT infrastructure is developing countries such as India and China.
E-Discovery Market Segmentation:
The e-discovery market has been segmented on the basis of deployment, solution and service. The cloud based e-discovery solution provides search filters in terms of interviews, remainders and notification.
Cloud solution enable organization by providing drag and drop function and offers roll-based workflow. The study indicates that growing demand of digitally stored data and cloud computing is driving the on-premise deployment service.
Intended Audience:

Investors and consultants
System Integrators
Government Organizations
Research/Consultancy firms
Technology solution providers
IT Solution Providers
Legal Firms

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