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Insights on the eDiscovery Global Market to 2027 - by Component, Deployment Type, End-user, Vertical and RegionDUBLIN, June 15, 2022 /PRNewswire/ -- The "eDiscovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global eDiscovery market reached a value of US$ 11.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 18.5 Billion by 2027, exhibiting a CAGR of 8.49% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. eDiscovery refers to the process of recognizing, collecting and presenting electronically stored information (ESI) used for legal investigations. It consists of investigating emails, documents, presentations, databases, voicemails, social media data and audio and video files. It also includes raw data and metadata that forensic investigators review to trace hidden evidence. This evidence is further extracted and analyzed using various cyber-forensic procedures and converted to digital formats to be presented into the court. They aid in identifying patterns and conducting analytical research that is used for investigating legal, constitutional, political and privacy issues. Furthermore, extensive utilization of these systems for enforcing compliance, translation and data security by various government organizations is also providing a boost to the market growth. Litigations are now primarily based on high volumes of electronic data that are retrieved usng eDiscovery solutions. The enhanced focus of legal and government organizations to streamline their operations and minimize operational costs by adopting advanced technologies is positively impacting the market growth. Other factors, including an increasing amount of electronically stored information and rising instances of felonies, such as money laundering and tax fraud, are expected to drive the market further. Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being Accessdata Group Inc., Commvault Systems Inc., Conduent Incorporated, Driven Inc. (Xplenty), Fronteo Inc. (Formerly UBIC), FTI Consulting, International Business Machines Corporation, Logikcull, Micro Focus International Plc, Nuix Pty Ltd. (Macquarie Group), Open Text Corporation, Veritas Technologies LLC (The Carlyle Group), ZyLAB Technologies, etc.
Key Topics Covered: Media Contact: Research and Markets For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1904 View original content:https://www.prnewswire.com/news-releases/insights-on-the-ediscovery-global-market-to-2027---by-component-deployment-type-end-user-vertical-and-region-301568810.html SOURCE Research and Markets |