The on-premise deployment segment generated a larger revenue than cloud deployment in 2016. However, the demand for cloud based deployments is expected to be high in near future. Cloud based deployment of solutions is relatively a younger technology than on-premises in the eDiscovery market, but it has speedily developed as the most preferred choice for resource establishments. Cloud migration and adoption promise many benefits to conventional on-premise deployments, such as infinite scalability, cross border eDiscovery (as it eliminates physical barriers), robust security, and cost savings.

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eDiscovery Market to Reach
$19.8 billion by 2023

2. On the basis of component, the eDiscovery market is categorized into software and services,
where the market for services contributed a larger revenue during 2013-2016. The market for
services was valued at nearly $6,000 million in 2016, and is expected to reach $13,000 million
by 2023, growing at a CAGR of above 10% during the forecast period. Factors responsible for
the growth of service market include the gigantic progress in electronically stored information
(ESI) and increase in the number of litigation cases. Further, the continuous thrust on bringing
down functional costs of legal departments, stringent necessities to comply with rules and
regulations, and raised usage of mobile devices have been the driving force behind the
eDiscovery market growth.
Access Report Summary with Detailed TOC on "eDiscovery Market by Component (Software,
Service), by Solution (Legal Hold, Early Case Assessment, Data Processing, Technology Assisted
Review, Data Production), by Deployment Type (On-Premise, Cloud, Hybrid), by Industry
Vertical (Government, Legal, BFSI, Energy & Utilities, Healthcare, IT & Telecom, Media &
Entertainment), by Geography (U.S., Canada, U.K., Germany, France, Japan, China, Brazil, S.
Africa) – Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023"
at: https://www.psmarketresearch.com/market-analysis/ediscovery-market
Insights on market segments
Surgical Staplers Market

3. The on-premise deployment segment generated a larger revenue than
cloud deployment in 2016. However, the demand for cloud based
deployments is expected to be high in near future. Cloud based deployment
of solutions is relatively a younger technology than on-premises in the
eDiscovery market, but it has speedily developed as the most preferred
choice for resource establishments. Cloud migration and adoption promise
many benefits to conventional on-premise deployments, such as infinite
scalability, cross border eDiscovery (as it eliminates physical barriers),
robust security, and cost savings.
Surgical Staplers Market

4. Emergence of new tools has been revolutionizing the complete process of
eDiscovery review, from the past few years. The new technology tools rely on a
process called predictive coding, which is a cultured statistical algorithm that
categorizes the attributes of relevant and irrelevant documents, during the
review of a small subset of documents. Such solutions are completely
revolutionizing the eDiscovery industry.
With the help of an iterative training process, predictive coding enables a
lawyer with expert knowledge of the case, and reviews the small subset of
documents through a series of document sets generated by the program. After
each set, based on the designation of a lawyer, the predictive coding system
refines the traits of relevant versus irrelevant documents until the system itself
determines no more continued training. The smart and intelligent eDiscovery
strategy acts as an alternative approach providing clients with the best possible
value, by delivering higher review quality under a well-controlled cost
framework. Such enablers are globally escalating the demand for such solutions
among lawyers up to a great extent.
Predictive coding fueling the global market growth
Surgical Staplers Market

5. Geographically, North America has been the largest eDiscovery market,
accounting for more than 65% of the global revenue in 2016, whereas the
sales in Asia-Pacific are expected to witness the fastest growth, during the
forecast period. Various factors that have influenced the eDiscovery market
in North America in the recent past include change in policies after the
election of Donald Trump as the President, high-paced technological
advancements, and various other policy changes related to antitrust law.
The growth in Asia-Pacific market will be led by factors such as surge in
digitalization within the legal sector, advancement in new data analytics and
retrieving technologies by regional players, and the growth in investment in
eDiscovery solutions.
North America stands as the largest eDiscovery
market
Surgical Staplers Market

6. The global eDiscovery industry had a fragmented structure in 2016, where
IBM, Dell EMC, and Symantec were the leading contenders. The other
major companies operating in the market include HP, FTI Consulting, and
KrolLDiscovery. There are large number of players in this market, who are
fighting to expand their market share. The industry is also witnessing
number of acquisitions, where the major acquirers have been Dell, L
Discovery, and OpenText.
eDiscovery Industry heading towards consolidation
Surgical Staplers Market

7. https://www.psmarketresearch.com/market-analysis/ediscovery-
market/report-sample
Download report sample at:
Surgical Staplers Market

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