Global eDiscovery market was valued at US$ 5,563.7 Mn in 2013 and is forecast to reach US$ 21,089.1 Mn by 2022 to grow at a CAGR of 16.2% from 2014 to 2022
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
E discovery market
1. North America to Retain Lead in eDiscovery Solutions
Usage
The amount of electronically stored data for businesses of all sizes – from small startups to top
conglomerates – is increasing at a very fast pace. Most companies make high volume usage of
social networking portals, emails, internal communications systems, and cloud computing
services and platforms. In fact, it is estimated that the volume of ESI for each organization is
increased at more than 65% per year. This is a very significant marker from where clients derive
their ever-growing need for eDiscovery Market platforms and services.
The use of social media inside corporates, especially, has bolstered the need for eDiscovery
platforms and services. Companies are making an increasing usage of social media tools
including Twitter, Facebook, and LinkedIn to make the most of the online communities, which
also makes it a high priority source of evidence for civil litigation.
There is, however, the high costs of eDiscovery processes that companies need to bear. The total
amount spent on not just asset deployment, but also services, consultations, and deployment of
internal staff, can become a severe hindrance for the adoption of eDiscovery services by small-
scale companies.
With the above factors in effect, the global eDiscovery Market services and platforms is expected
to expand at a CAGR of 16.2% from 2014 to 2022 on the basis of revenue. This revenue is
expected to reach US$8.31 bn by the end of 2016 and approximately US$21.08 bn by 2022.
This 99 page report gives readers a comprehensive overview of the eDiscovery Market.
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North America to Retain Lead in eDiscovery Market Solutions Usage
Till recently, a majority of the market share in eDiscovery services was taken up by North
America. By the end of 2022, North America is expected to generate a revenue of US$10.71 bn
in eDiscovery platforms and services. Although this is a relative fall in percentage shares, North
America still holds the leading share among all key regions. The drop in percentage is due to the
extremely fast growing demand for eDiscovery platforms in Asia Pacific, where the rapid
industrial evolution of India and China is making way for a well-developed IT infrastructure.
The need for eDiscovery Market solutions is much more in North America and Europe than other
regions, owing to the government regulations that require an organization to preserve company
data for sake of eDiscovery itself. This has created a staggering rise in the ESI volumes in the
regions, further boosting the need for eDiscovery platforms and services.
2. Off-premise eDiscovery Market Software Solutions to Gain Lead Soon
On-premise eDiscovery solutions were highly sought after due to the greater simplicity and
higher safety that they offered. They trumped off-premise eDiscovery solutions primarily due to
the high concerns over data integrity and security. This is expected to change in the immediate
future, as off-premise eDiscovery solutions are not only becoming capable of providing high
level security, but also platforms and services of eDiscovery at considerably lesser costs than on-
premise providers. By the end of 2022, a high difference in market values between on-premise
and off-premise eDiscovery platforms is expected to be seen, with off-premise eDiscovery
solutions taking up an estimated US$4.83 bn.
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