E-Discovery Market, By Solution (Technology Assisted Review, Early Case Assessment) – Global Forecast 2023
PUNE, MAHARASHTRA, INDIA, July 3, 2017 /EINPresswire.com/ — Market Highlights:
On the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in the e-discovery market owing to better network infrastructure, digitization and higher technology implementation. Digitization in North America is mainly due to the invention of advanced technology and economies benefitting from it. North America region is leading due to presence of major players from the region in the e-discovery market.
The implementation of software by both small and medium enterprises is increasing rapidly, especially one into civil litigation. The e-discovery is gaining demand as organization seek to reduce their legal operations by shifting from on-premise to cloud based. The initial low cost, saving amount spent on infrastructure, automatic software upgrading and seamless integration is driving the market of cloud based e-procurement software.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “E-Discovery Market – Forecast to 2023”.
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.)
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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.
Market Research Analysis:
The E-Discovery Market in North America region is growing due to high adoption of cloud solutions by enterprise and need to improve information governance in organizations. According to the study, the e-discovery market will remain steady in Europe region. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of e-discovery market and legal operations to directly address the security of sensitive data. Increasing population, and growing IT landscape is boosting the market in the region.
The region is witnessing high adoption of e-discovery software by enterprises. Developing countries such as India and China are adopting e-discovery software at a large scale owing to increase population, growing crime rate and robust industrialization is boosting the market in the region. By vertical segment, BFSI and retail sector is driving the e-discovery market. The region is witnessing high growth in e-discovery market due to growing technological advancement in cloud, analytics and mobile technologies.
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 (MRFR) Research Analysis:
By solution segment, e-discovery market consists of legal hold, early case assessment, data processing, technology assisted review and data production. Legal hold solution empower organization by managing the entire process of interviews, notification, reminders and escalations. Legal hold solution leverage HR systems by providing historical protective views.
By region, MRFR analysis shows that North America region accounts for largest market share in e-discovery market owing to growing adoption of e-discovery solution by enterprises in legal firm. Wide adoption of e-discovery solution in civil litigation is boosting the market in the region. Asia-Pacific region is expected to be one of the fastest growing market owing to increase adoption of cloud e-discovery solutions by enterprises. In Asia-Pacific region countries such as China, India, South Korea and Japan will be generating high revenue in e-discovery market.
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Legal Firms
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 E-Discovery Market, By Solution
Table 2 E-Discovery Market, By Deployment
Table 3 E-Discovery Market, By Service
List of Figures
Figure 1 Research Type
Figure 2 E-Discovery Market: By Solution (%)
Figure 3 E-Discovery Market: By Deployment (%)
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Source: EIN Presswire