NEW YORK, June 17, 2022 /PRNewswire/ — The “eDiscovery Software Market – Competitive Analysis, Impact of COVID-19, Five Force Analysis“ report has been added to Technavio’s offering. The report also offers information on several market vendors, including Casepoint Pvt. Ltd., Exterro Inc., International Business Machines Corp., Logik Systems, Inc., Micro Focus International Plc, Microsoft Corp., Nuix Pty Ltd., Open Text Corp., Relativity Global LLC, and ZyLAB among others. Moreover, the market value is set to grow by USD 2.70 million, progressing at a CAGR of 12.71% from 2020 to 2025, as per the latest report by Technavio.
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Market Dynamics
The rising volume of electronic data is one of the key factors driving the growth of the global eDiscovery software market. Enterprises generate data from various sources such as enterprise applications, social networks, web-based searches, and cloud-based applications. It is practically impossible for big organizations to analyze large volumes of data on a daily basis without using advanced technologies. With huge volumes of data at hand, organizations are looking to make the best use of raw data and convert it into useful information that would help in their decision-making process. They are focusing on installing data management and data discovery solutions such as eDiscovery solutions as a part of data analytics. Cloud-based solutions offer easy big data management and analytics in a cost-effective manner. Moreover, the adoption of cloud-based applications is significantly rising, owing to their low cost, and making it possible to upload, review, and produce documents online without delays. Thus, the increasing use of this type of application is also leading to the generation of a huge amount of electronic data which further enhances the demand for eDiscovery solutions. eDiscovery vendors provide the software and services required for the functioning of big databases at low subscription fees.
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EDiscovery Software Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.71% |
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Market growth 2021-2025 |
$ 2.70 million |
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Market structure |
Fragmented |
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YoY growth (%) |
11.12 |
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Regional analysis |
North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 44% |
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Key consumer countries |
US, China, Germany, France, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Casepoint Pvt. Ltd., Exterro Inc. , International Business Machines Corp., Logik Systems, Inc., Micro Focus International Plc, Microsoft Corp., Nuix Pty Ltd., Open Text Corp., Relativity Global LLC, and ZyLAB |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
The eDiscovery Software Market is segmented by end-user (government and regulatory organizations and Non-governmental organizations), deployment (on-premises and off-premises), and geography (North America, Europe, APAC, MEA, and South America).
Market Segmentation
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By End User- The global ediscovery software market share growth by the government and regulatory organizations segment will be significant during the forecast period. Government and regulatory organizations are generating a huge amount of data each day, which has led to the need for document review software rather than search boxes, mouse clicks, and a sluggish user interface. Such factors will increase the demand for the market in focus during the forecast period.
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By Geography- 44% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the global eDiscovery software market in North America. Market growth in this region will be slower than the growth of the market in regions. The rising volume of electronic data will facilitate the global e-discovery software market growth in North America over the forecast period.
Get more insights on the market share & contribution of various regions & segments. Learn More
COVID Impact and Recovery Analysis
The eDiscovery software market in North America witnessed a temporary decline in 2020, owing to the COVID-19 outbreak. Many eDiscovery consultation companies partially shut down their operations due to the pandemic. However, many companies that can operate remotely are gradually increasing the use of cloud-based eDiscovery software to continue operations with employees that can work from home. Thus, the demand for cloud-based eDiscovery software has increased, which will drive the regional market during the forecast period.
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Deployment
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Email: [email protected]
Website: www.technavio.com/
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SOURCE Technavio; Technavio