Global eDiscovery Market: Key Highlights
Global eDiscovery Market: Key Market Dynamics
Global EDiscovery Market: Regional Overview
eDiscovery market is expected to grow significantly in the Asia-Pacific region. In the region, e-discovery rules are emerged in 2009. The increasing adoption of eDiscovery would lead to the rising demand for handling digital data efficiently for faster availability of relevant data during legal cases. The demand for e-discovery in the region is the highest in China. As region’s largest economy, China is expected to have a high number of investigations during the forecast period. However, the Asia-Pacific region has yet to implement a standardized process for conducting eDiscovery. Furthermore, Australia’s Practice Note 17 and Singapore’s Practice Direction Number 3 are spell out guidelines for dealing with e-discovery which are under litigations.
North America are projected to be the largest market for electronic discovery solutions. According to Exterro, the current market size of the e-discovery industry ranges from $9.2B to $10.8B annually where north America is over 80% of E-Discovery market with an annual revenue of $11.07B. California has the most recently regulated e-discovery laws in the US. US continues to hold in the global eDiscovery market scenario by software and solutions due to mandatory adherence to regulatory standards.
Hence, SMEs are adopting digital technologies at a rapid pace robust growth expected to boost the eDiscovery market in the region.
Global EDiscovery Market: Key Players Overview
IBM Corporation assists with legal discovery and helps you handle immediate litigation and investigation matters by enabling you to proactively search, manage, and export electronically stored information (ESI), including email and other business content. IBM supports eDiscovery a variety of content types Microsoft Exchange content, SAP artifacts and SMTP email.
Nuix eDiscovery provide law firms and legal teams with the flexibility, and speed they need to address the problem. Nuix bring a unique visual approach which lets legal teams and law firm of any legal matter. Additionally, it quick and effective responses, review, data collection, and processing, while at the same time ensuring the secure the organization requires to avoid potential privacy issues.
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