eDiscovery Software Market 2028 By Component, Deployment Type, Industry Vertical and Geography | The Insight Partners

MARKET OVERVIEW

eDiscovery software is also called as document review software; it allows legal professionals to handle electronic documents in detection and investigations. eDiscovery software helps in collecting, handling, detecting, and conserving of ESI (electronically stored information); these factors are rising the adoption of eDiscovery software that drives the growth of the eDiscovery software market. Raising the volume of electronically stored data in organizations is one of the major factors that augment the growth of the eDiscovery software market.

MARKET SCOPE

The "Global eDiscovery Software Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the eDiscovery software market with detailed market segmentation by component, deployment type, industry vertical and geography. The report provides key statistics on the market status of the leading eDiscovery software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global eDiscovery software market is segmented into software, services
  
•   On the basis of deployment type, the market is segmented into cloud, on-premise
  
•   Based on industry vertical, the market is bifurcated into BFSI, healthcare, energy and utilities, travel and hospitality, media and entertainment, government, IT and telecom, others
  

MARKET DYNAMICS

Drivers:

•   Focus on Proactive Governance with Data Analytics and The emergence of new content sources.
  
•   Growing number of litigations across the globe
  
•   Growth of ESI and social media penetration
  

Restraints

•   Lack of skilled professional workforce
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The eDiscovery software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the eDiscovery software market in these regions.

IMPACT OF COVID-19 ON EDISCOVERY SOFTWARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the eDiscovery software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from eDiscovery software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the eDiscovery software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Accessdata
  
•   CloudNine
  
•   Disco, Inc.
  
•   Everlaw
  
•   Exterro, Inc.
  
•   Logikcull
  
•   Nuix
  
•   Relativity
  
•   Veritas technologies LLC
  
•   ZyLAB
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.