Electronic

The primary goal of this Electronic Discovery Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the Electronic Discovery market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the market. The impact of prevailing regulatory scenario on both regional and worldwide Electronic Discovery market is provided in detail in the report.

Get Sample Copy of Electronic Discovery Market Report @ https://www.industryresearch.co/enquiry/request-sample/13999736

Key Market Trends:

The Rising Adoption of e-Discovery Services by Government Sector

Government departments across the world have recognized the value of electronic records for various investigations. Various institutions, such as The Civil Division of the United States Department of Justice, have been insisting on the impotence of such electronic records.
Governments have various regulations to be checked, when it comes to the establishment of new companies, etc. The recent case of “Paradise papers” emphasizes the need for e-discovery in governmental institutes for finding various felonies committed, such as money laundering, tax frauds, etc.
Cases in the past faced by the US government, such as accusations against 19 defendants participating in a criminal conspiracy, has been side-tracked. This has been done by providing about 200 TB of data, out of which only 8 TB of data was relevant to the case. Even the 8TB data was not in a relevant format to search. Such cases indicate the importance of e-discovery for governments.
Federal legal professionals are yet to use e-discovery extensively. It has been estimated that only 38% of them can show accurate, trustworthy information. Government professionals have less confidence in e-discovery software. But, with the growing electronically stored information (ESI), this is bound to change.

North America Expected to Remain the Largest Market for Electronic Discovery Solutions

North America is the largest market for electronic discovery solutions in the world. Out of all the 50 states in the country, 49 states have already enacted e-discovery rules. Hawaii, being the youngest of all the states, has not yet appeared on the list and is making its efforts to establish e-discovery rules. California has most recently regulated e-discovery laws in the country. In 2009, after the California Code of Civil Procedure was amended by the Electronic Discovery Act to address the discovery of electronically stored information, further amendments have taken places even in 2012 that became effective in 2013.
This makes the State of California have the most updated laws on e-discovery. E-discovery solutions are put to work when situations like lawsuits, internal investigation, mergers & acquisitions, and data breach events occur. In the case of the United States, lawsuits and data breach incidents prove to be the trigger in most of the cases.
According to the data from the Administrative Office of the US Courts, 2017, the US courts of appeals filings rose 10% from 2016. The bankruptcy appellate panels reported that filings rose 1% while the filings for the Federal Circuit rose 11%. In the US district courts, filings of civil cases also rose by 6% in 2017 from 2016. This scenario, with highly penetrated electronic discovery laws in the country, is enabling the use of e-discovery solutions to mine the required data and present it to the court.

Electronic Discovery Market Covers Key Players:

  • IBM Corporation
  • Relativity ODA LLC
  • AccessData Group Inc.
  • ZyLAB, Inc.
  • Xerox Corporation
  • Logikcull.com
  • Guidance Software Inc.
  • Micro Focus International plc
  • Exterro Inc.
  • Driven Inc
  • Nuix Pty Ltd
  • Veritas Technology LLC
  • CloudNine
  • Kroll Ontrack LLC
  • FTI Consulting Inc
  • Microsoft Corporation
  • Catalyst Repository Systems Inc.
  • Everlaw Inc
  • Deloitte Touche Tohmatsu Limited

    Ask for Discount at https://www.industryresearch.co/enquiry/request-discount/13999736

    Geographical Landscape:

    This Report Focuses on the Electronic Discovery in the market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • With the evolution of a digital universe and the availability of faster bulk storage devices, electronic information and data constitute a factor that companies are increasingly relying on, owing to the lower maintenance costs of documents and data production across the world. This has led to the challenges faced by the enterprises, in terms of collection and storage of digital data, to be used in litigation and regulatory processes. To manage this electronic data, electronic discovery (e-discovery) solutions are being deployed.
  • E-discovery solutions automate and facilitate the e-discovery process, which includes the identification, preservation, collection, processing, review, analysis, and production of digital data in support of the common law discovery process, in litigation or other investigative proceedings.
  • According to the RAND Corporation, the majority of Fortune 1000 corporations now spend an estimated USD 5 million to USD 10 million, annually, on e-discovery. Moreover, by 2020, it is expected that the data created and copied annually will reach approximately 50 zettabytes (50 trillion gigabytes), further generating a need for e-discovery solutions.
  • With the evolving technological world and the market, there is an intense competition among companies. With this comes the risk of being targeted by their competitors, through industrial espionage, spreading false information, and leaking confidential information, to damage the company’s brand value in the market.

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – Electronic Discovery Market opportunities and recommendations for new investments

    Price Of Report: $ 4250 (SUL)

    Purchase Electronic Discovery Market Report @ https://www.industryresearch.co/purchase/13999736

    Detailed TOC of Electronic Discovery Market Research Report 2019 – 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Scope of the Study

    2 RESEARCH METHODOLOGY
    2.1 Study Assumptions
    2.2 Analysis Methodology
    2.3 Research Phases

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increase in Lawsuits
    4.3.2 Digitization of Information
    4.3.3 Need for Securing Information
    4.4 Market Restraints
    4.4.1 Language Translation
    4.4.2 Higher Costs of E-discovery Solutions
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porters Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Service
    5.1.1 Professional Service
    5.1.2 Managed Service
    5.2 By Software
    5.3 By Deployment
    5.3.1 SaaS
    5.3.2 On-premise
    5.3.3 Hosted
    5.4 By End User
    5.4.1 Government (Federal Agencies)
    5.4.2 Energy & Utility
    5.4.3 IT and Telecommunication
    5.4.4 Transportation & Logistics
    5.4.5 Healthcare
    5.4.6 Media & Entertainment
    5.4.7 BFSI
    5.4.8 Other End Users
    5.5 Geography
    5.5.1 North America
    5.5.1.1 US
    5.5.1.2 Canada
    5.5.2 Europe
    5.5.2.1 Germany
    5.5.2.2 UK
    5.5.2.3 France
    5.5.2.4 Russia
    5.5.2.5 Italy
    5.5.2.6 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 Japan
    5.5.3.3 India
    5.5.3.4 South Korea
    5.5.3.5 Australia
    5.5.3.6 Rest of Asia-Pacific
    5.5.4 Latin America
    5.5.4.1 Brazil
    5.5.4.2 Argentina
    5.5.4.3 Mexico
    5.5.4.4 Rest of Latin America
    5.5.5 Middle East and Africa
    5.5.5.1 UAE
    5.5.5.2 Saudi Arabia
    5.5.5.3 Israel
    5.5.5.4 Rest of Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Relativity ODA LLC
    6.1.3 AccessData Group Inc.
    6.1.4 ZyLAB, Inc.
    6.1.5 Xerox Corporation
    6.1.6 Logikcull.com
    6.1.7 Guidance Software Inc.
    6.1.8 Micro Focus International plc
    6.1.9 Exterro Inc.
    6.1.10 Driven Inc
    6.1.11 Nuix Pty Ltd
    6.1.12 Veritas Technology LLC
    6.1.13 CloudNine
    6.1.14 Kroll Ontrack LLC
    6.1.15 FTI Consulting Inc
    6.1.16 Microsoft Corporation
    6.1.17 Catalyst Repository Systems Inc.
    6.1.18 Everlaw Inc
    6.1.19 Deloitte Touche Tohmatsu Limited

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    About Industry Research:

    Industry Research is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market, dedicated to bringing you an ingenious concoction of data parameters.

    Contact Us:

    Name: Ajay More

    Organization: Industry Research

    Phone: +44 20 3239 8187 / +14242530807

    Email: [email protected]

    Our latest Report: Global Human Augmentation Market 2025 Offering Market Outlook by Industry Size, Share, Gross margin and Applications

  • Charles Bevers
    News Reporter