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E-discovery Market - Global Revenue, Trends, Growth, Share, Size and Forecast 2022-2030

By smallhomeapplianceslist / 19 Sep, 2022 / 38 liked

Kenneth Research
Kenneth Research published a research report, "E-Discovery Market: Global Demand Analysis and Opportunity Outlook 2030" on July 30, 2021. It provides an in-depth industry insight along with an in-depth analysis of the market during the forecast period. Report Sample URL: https://www.kennethresearch.com/sample-request-10325614 The report discusses various parameters based on market size and decisions. These include market value, annual growth, segments, growth drivers and challenges, and key players in the market. The e-discovery market is projected to reach US$31.1 billion by the end of 2030 from a market value of US$14.6 billion in 2022. It is also projected to expand at a CAGR of 11.4% during the forecast period. Key factors expected to drive market growth are focus on data analytics and proactive governance with the emergence of new content sources, increasing number of lawsuits worldwide, increasing ESI and social media penetration, and regulatory policies. various structures of The emergence of AI-based analytics for eDiscovery and the growing demand for predictive coding to simplify and shorten the document review process present several growth opportunities for vendors in the eDiscovery market. is. However, increased potential for cyber-attacks and data theft activities during the COVID-19 pandemic and shortage of skilled professionals are expected to limit the market growth. Concerns about external fraud between businesses and the growing influence of social media on business processes are also expected to drive the market in the coming years. The trend toward adoption of cloud-based deployment models in eDiscovery solutions may indicate advanced trends in the eDiscovery market. The increasing implementation of BYOD policies across enterprises is stimulating the use of mobile devices such as smartphones and tablets for office-related applications. This creates new opportunities for major vendors to deploy mobile-based eDiscovery solutions to gain a first mover advantage. The eDiscovery market has witnessed continuous growth over the past few years on the back of growing technological innovations in the information technology industry. The rapid integration of Internet of Things (IOT) and artificial intelligence (AI) into numerous industrial and residential applications is expected to drive the eDiscovery market to grow significantly over the next few years. The US IT industry has the largest share of the global technology sector at around 30%. The growth of the eDiscovery market is expected to be greatly impacted by the rising rate of enabling digital transformation in many industries. Compared to 2017, ICT and telecom technology spending in 2018 registered a growth of around 5%. Key Macroeconomic Indicators Affecting Growth: R&D Expenditure (% of GDP), 2013-2016

Source: For more information on the World Bank research report; 5G deployment is estimated to create great business opportunities for the telecom industry. It is estimated that 5G adoption in North America will exceed 45% in 2023, owing to factors such as customer preference, growing demand for mobile data combination, and increasing video streaming services. It is estimated that the deployment of connected homes, connected cities, connected cars, IoT and 5G will change the way carriers work. Market Segmentation Insights The eDiscovery market is segmented by Type (Software, On-Premises Deployments, Cloud-Based Deployments), By End User (Government Agencies, Enterprises, SMEs, Large Enterprises, Law Firms), and others. The report discusses the factors driving growth along with the growth opportunities for each segment. Additionally, Y-o-Y Growth (%) Revenue (in USD millions) is provided in the report along with factors driving market growth for each segment. The eDiscovery market is segmented by regions such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa. North America is expected to hold the largest market share of the overall eDiscovery market during the forecast period. The North American region is an early adopter of trending technologies and has a growing adoption of eDiscovery solutions due to very stringent compliance regulations. Additionally, businesses in the region are adopting eDiscovery solutions to regulate cybersecurity and data breaches. We also handle cross-border jurisdictional differences and privacy issues, manage investigations and litigation, and maintain standards for meeting all discovery obligations. North America is further divided into the United States and Canada. The United States is expected to be the major revenue contributor to the North American eDiscovery market. After the United States, Canada is expected to offer significant growth opportunities for eDiscovery solutions and service providers. The eDiscovery market is further segmented based on geography. The data in the report are collected through both primary and secondary research methods to ensure accurate statistics. Industry leaders in the major enterprise eDiscovery market include HP Inc., Xerox Corporation, kCura LLC., AccessData Group, LDiscovery LLC, Kroll Ontrack, LLC, Catalyst Repository Systems Inc. and FTI Consulting, Inc. Each of these key company profiles provides the company's financials, revenue, analysis, value chain analysis and other parameters. Additionally, the report provides a computational analysis on key players' revenues, products offered by the companies, and some key financial metrics. Also, some other supporting information is included in the market report such as company headquarters, year of establishment, total number of employees, company profile, and business strategy taken by the company. Report Sample URL: https://www.kennethresearch.com/sample-request-10325614Kenneth Research Company Profile Kenneth Research is a multi-client market research report distributor that helps business professionals develop business plans for future expansion. Help you strategize. With the help of the presence of a large database of syndicated market research reports and the scope of report customization, the platform offers a wide range of opportunities for industry professionals to achieve their end goals. Kenneth Research serves multiple levels of industry, including consumer goods and food, healthcare, information and communication technology, energy and power, and chemicals. * The following is special information limited to media personnel. Please refrain from disclosing information on personal SNS etc.
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E-discovery Market - Global Revenue, Trends, Growth, Share, Size, Forecast 2022-2030