Future Market Insights release the 2020 version of global e-Discovery market report, according to which the market is projected to surge at a CAGR of 9% during the forecast period of 2020 to 2030, reaching a valuation of about US$ 21 Bn by the end of the forecast period.
The solutions offered by the e-Discovery vendors are expected to revolutionize the judicial system by changing the way law firms operate. With the rising electronically stored information (ESI) of a score of documents that are required for identification and proof submission in a legal enquiry, the market is projected to thrive. The clean method of storing stacks and stack of evidence with a promise of keeping them tamper-safe is expected to up the adoption of e-Discovery solutions and software between the forecast years of 2020-2030, says the report.
Introduction of e-Discovery processes has allowed end users to process metadata such as stamps, author, recipient information, file properties, and time-data, which was previously a cumbersome and erroneous task. This has reduced the spoilage of documents that are required for litigation in a legal case that may take years.
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Today, e-discovery services and software are used for advisory, forensics, contract review, warehousing of corporate data, and federal needs. Its ability to make the documents indestructible has become its biggest asset, winning it a massive clientele over the years. Needless to say that the market is also being fueled by digitization in emerging economies but its ability to bring about operational efficiency on long-term basis has truly made documentation a manageable feat for judicial systems.
Key Segments
Component
- Software
- Services
Deployment
- On-premises
- Cloud
End Users
- Government & Regulatory Agencies
- Enterprises (SMEs and Large)
- Law Firms
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Cloud Storage Innovation / Development Trends
3.3. Key Success Factors
4. Global e-Discovery Market – Pricing Analysis
4.1. Pricing Analysis, By Subscription Model
4.2. Global Average Pricing Analysis Benchmark
5. COVID-19 Pandemic Crisis Impact Analysis
5.1. Impact of COVID-19 Pandemic Crisis on e-Discovery Market
5.2. Pre-COVID-19 Growth Analysis (2017-2019)
5.3. Post-COVID-19 Impact Analysis (2020 & Beyond)
5.4. Expected Recovery Scenario (Short-term / Mid-term / Long-term)
5.5. Key Action Points for e-Discovery Vendors
6. Market Structure Analysis