
Report ID: SQMIG45C2054
Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the ediscovery market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of ediscovery market across North America, South America, Europe, Asia, the Middle East, and Africa.
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.
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Report ID: SQMIG45C2054
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