USD 12 Billion
eDiscovery Market Size, Share, and Growth Analysis
eDiscovery Market By Vertical (Legal, Manufacturing), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Component (Solutions, Services), By Region -Industry Forecast 2024-2032
Report ID:
SQMIG45C2054 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
100
|Figures:
76
Format -
eDiscovery Market Insights
eDiscovery Market size was valued at USD 12 Billion in 2023 and is poised to grow from USD 13.03 Billion in 2024 to USD 25.3 Billion by 2032, growing at a CAGR of 8.6% during the forecast period (2025-2032).
Organizations are prioritizing cybersecurity measures that include effective eDiscovery practices due to the rise in data breaches and cyberattacks. As businesses recognize the importance of safeguarding sensitive information while complying with legal obligations, this trend is expected to continue to fuel demand for advanced eDiscovery solutions.
Additionally, litigation is increasing globally due to the increased legal scrutiny in areas such as healthcare, finance and technology, there is an increasing need for organizations to introduce electronic evidence during litigation. The need to address security incidents often requires a comprehensive data management strategy that incorporates e-discovery capabilities, which drives the growth of the market. The AI and machine learning components are increasingly integrated into eDiscovery offerings to optimize data processing and analysis. Cloud solutions are gaining traction due to their affordability and flexibility, as well as their ability to support the critical data sets and shared business processes.The costs and management of eDiscovery can be decreased and managed through the use of an Electronic Records Management (ERM) system and the adoption of a records management program. One of the biggest benefits of using eDiscovery software is that it can aid a company in streamlining and encompassing its processes. When an organization lacks natural organization or is overloaded with discoveries, it can significantly improve work. Businesses can save a ton of time and effort by switching to electronic discovery tools. When using expert eDiscovery solutions, redacting documents and scaling large document reviews are both incredibly simple. To protect the discovery files of their clients, businesses must use cloud-based eDiscovery software. Users must make sure they are taking all logical security and preservation precautions. One of the best benefits of using electronic discovery software is that it will enable a business to better protect important files. The most recent high-profile data breaches demonstrate how less and less secure data storage within law firms.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Large Enterprises
Fastest Growth
Small and Medium Enterprises
Growth Rate
8.6% CAGR
Global eDiscovery Market ($ Bn)
Country Share for North America Region (%)
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eDiscovery Market Segments Analysis
Global eDiscovery Market is segmented by Component, Organization size, Deployment Mode, Vertical, and region. Based on Component, the market is segmented into Solutions, and Services. Based on Organization size, the market is segmented into Large Enterprises, and SMEs. Based on Deployment Mode, the market is segmented into On-premises, Cloud. Based on Vertical the market is segmented into Government & Public Sector, Legal, Banking, Financial Services, and Insurance, Energy & Utilities, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, IT & Telecommunications, and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Organization Size
The large enterprises segment dominated and accounted for the largest market share in 2023. Large enterprises focus on hiring resources for their in-house legal department to support electronic discovery in an organization. Large enterprises are also increasing the investment in tools to manage electronic data records before litigation comes up, which will surge the demand for solutions in large enterprises during the forecast period. These organizations often face the complex legal and regulatory requirements that necessitate robust eDiscovery solutions to ensure the compliance and mitigate risks associated with the litigation and investigations.
The small and medium enterprises segment is expected to witness the highest CAGR, driven by a combination of the increasing awareness about the data security. The rise of the cloud-based eDiscovery platforms has made it easier for SMEs to adopt these technologies without incurring prohibitive costs associated with traditional systems. These factors are expected to contribute to segmental growth in the upcoming years. They generate significant amounts of data that require effective management during legal proceedings or audits as SMEs continue to digitize their operations. They are facing data challenges to support a dedicated internal staff, due to lack of resources in the legal department of small & medium-sized enterprises (SMEs).
Analysis by Vertical
As per eDiscovery market analysis, the legal segment dominated in 2023. The combination of the regulatory requirements and the need for the strategic legal advice is expected to contribute to the rapid growth of the segment. This growth can be attributed to the increasing legal regulations in various sectors, which necessitated greater demand for legal services, especially in the areas such as compliance, intellectual property and corporate governance. In addition, the rise of digital transformation has created new legal challenges related to data privacy, cybersecurity and e-commerce, thus creating the need for specialized legal expertise.
The manufacturing segment is the fastest growing in the market during the forecast period. Advances in automation and smart manufacturing technology are changing tool flexibility, increasing productivity and reducing operating costs. Furthermore, there is an increasing emphasis on sustainability and environmentally friendly practices about manufacturing is driving companies to innovate their processes and supply chains. Moreover, government initiatives aimed at reviving sectors through subsidies policies and incentives can lead to accelerated growth in the coming years.
Global eDiscovery Market By Organization Size (%)
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eDiscovery Market Regional Insights
As per the eDiscovery market outlook, the North America region is dominating and holds the largest share. The demand for electronic discovery solutions in the region is accelerated by an increase in data threats and governmental and regulatory spending among businesses for security reasons. The rising adoption of electronic discovery solutions and services is increasing in government and public sector as government database has important strategic information. Moreover, a strong shift towards cloud-based solutions for scalability, integration of AI for predictive coding and automated review, heightened data privacy concerns and the impact of remote work increasing the need for decentralized data handling capabilities. For instance, Russian hackers breached U.S. defense outsourcers and stole crucial information from 2020 to 2022.
Asia Pacific is expected to grow at the largest CAGR during the forecast period. Many organizations are migrating to cloud platforms from on-premises to focus on data governance, which increases the adoption of electronic discovery solutions in the region, thereby having a positive impact on market growth. In addition, the region's government & public industry continues to make increasing use of electronic discovery solutions and services as data security threats continue to rise. Additionally, in addition to the growing need for robust e-discovery tools due to the rise of forensic and corporate investigations, the use of AI and automation to improve efficiency is on the rise. These trends are expected to fuel market growth in the upcoming years.
Global eDiscovery Market By Geography
- Largest
- Fastest
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eDiscovery Market Dynamics
eDiscovery Market Drivers
Increasing Adoption of Cloud-based Solutions
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Businesses are increasingly adopting electronic discovery solutions for preventing frauds and breaches. Cloud-based electronic discovery solutions and services increased acceptance and are readily available in this rapidly developing market. The enhanced context for prioritizing and responding to data security threats is provided by AI-powered electronic discovery systems, allowing for quicker incident response and the identification of root causes to reduce vulnerabilities and prevent future concerns.
Increasing Rates of Electronic Storage of Information (ESI)
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The tremendous growth in data generated by enterprises, coupled with the rising digitization of workflows, drives demand for e-discovery solutions. Organizations need efficient tools to view, analyze, and retrieve ESI for production rules, regulations, and research purposes. This trend is further exacerbated by the rise of unstructured data from email, social media and cloud-based platforms, creating a huge market for e-discovery.
eDiscovery Market Restraints
Navigating the Complexities of Modern Data Diversity and Volume in eDiscovery
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There is a wide variety of potential sources of substantial information as businesses use more social media, chat tools, audio, video, and other data-generating means of communication, including email. As technologists and lawyers continue to learn how to process, search, and produce cloud-based data sources related to electronic discovery that are newer and more complicated, but this creates complex obstacles for them.
Increased Cost of Implementation and Operation
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The adoption of e-discovery solutions often requires significant investments in software, infrastructure, and skilled personnel. Additionally, the operational prices of handling large amounts of data and maintaining compliance standards further complicate resource management. Small and medium-sized organizations (SMEs) discover those expenses are prohibitive and restricting the usage of e-discovery equipment.
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eDiscovery Market Competitive Landscape
The eDiscovery industry is competitive, with a mix of global leaders and emerging players offering a variety of solutions to meet needs of the different industries. Leading agencies such as OpenText Corporation, Relativity, Nuix, Exterro, and Microsoft Corporation dominate the market with advanced technology and complete product services.
Top Players in the Global eDiscovery Market
- Microsoft
- IBM
- DISCO
- KLDiscovery
- Nuix
- Relativity
- Logikcull
- ZyLAB
- Deloitte
- Casepoint
- Exterro
- Knovos
- Nextpoint
- OpenText
- Everlaw
- Epiq
- Consilio
- IPRO
- Servient
- Zapproved
- Reveal
- CloudNine
- Lighthouse
- One Discovery
- Onna
- Texifter
- Evichat
eDiscovery Market Recent Developments
- October 2023 – Relativity completed a strategic partnership with the University of New England (UNE) School of Law in Australia. With this, the company aims to provide e-discovery education to its legal professionals.
- January 2022 – Congruity 360, LLC legal workflow products, Hold360 and Request360 are acquired by CS DISCO, digital solutions for corporate legal holding requirements.
- August 2021 – Cloudnine recently announced the acquisition of ESI Analyst. ESI Analyst is a new standard for file types such as chat, audio, social media, text, computer activity and financial information.
eDiscovery Key Market Trends
- Integration of AI and Automation in eDiscovery to Aid Market Proliferation: The integration of new-age technologies in eDiscovery provides enhancements in efficiency, improvement in accuracy, and, more importantly, enables cost-effectiveness. Comprehensive solutions help to visualize and classify data, further simplifying the governance process. Furthermore, this solution also helps reduce the risk of human error and enables a simpler governance process. This integration changes the traditional Electronic Discovery Reference Model (EDRM) lifecycle stage.
- Strategic Acquisition by Key Players to Strengthen the Market Expansion: The major players in the market are focusing on providing advanced solutions and increasing their investments in research and development to introduce products and update existing solutions to expand their customer base and presence. In addition, players are adopting partnerships and acquisition strategies to expand their businesses into new regions and enhance the offerings and customer experience.
eDiscovery Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, with the increasing volume of electronically stored information (ESI) and the need to comply with regulatory requirements, the eDiscovery market has seen significant growth. Organizations are using eDiscovery solutions to effectively manage and process digital data inspection for regulatory, research and business purposes. The adoption of cloud-based e-discovery solutions is gaining traction, driven by their scalability, cost effectiveness and ease of use. However, challenges such as high processing costs, data privacy concerns, and difficulties in managing cross-border data transmission act as restraints on market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12 Billion |
| Market size value in 2032 | USD 25.3 Billion |
| Growth Rate | 8.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on eDiscovery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on eDiscovery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the eDiscovery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the eDiscovery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the eDiscovery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the eDiscovery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
eDiscovery Market Report Snapshots
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