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E-Discovery Market by Solution & Deployment – 2020

Wednesday, October 5, 2016 8:51
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(Before It's News)

E-Discovery solutions offer a unified and precise view of the entire electronic data in an organization. E-Discovery is defined as “a process in which electronic data is sought, located, secured, and searched with the intent of using it as evidence in a civil or criminal legal case.” The increase data volume of an organization, supplemented with the incorporation of diverse technologies, has extensively redefined its structural patterns.

E-Discovery has been evolving and is set to grow in the next five years, and thus has also allowed stakeholders to retain their privileged customers, allure new clients, and enhance business value for its users. Users such as licensees and subscribers are adopting E-Discovery solutions to analyze, process, and production of the electronic data. This is accomplished through competent solutions, which provide channelization of their organizational structure, strengthening the data security, accurately manage vendor accounts, customized view of their electronic data. E-Discovery services are largely provided by the service vendors across various industry verticals to help users maintain their deployed E-Discovery software solutions.

The major vendors of the global E-Discovery market include Symantec Corporation (U.S.), Hewlett-Packard Development Company (U.S.), Xerox Corporation (U.S.), IBM Corporation (U.S.), Recommind, Inc. (U.S.), and Guidance Software, Inc. (U.S.). The major factors driving growth in this market include rising litigation cost among the organizations, increasing demand for growth in compliance requirements, indispensable need for proactive E-Discovery solutions, rising emergence of new content sources and reducing overabundance of stored data.

MarketsandMarkets broadly segments the E-Discovery market by regions into: North America (NA), Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America (LA); by solutions are into: Legal Hold, Early Case Assessment, Data Processing, Technology Assisted Review, and Data Production; by deployment mode into: Cloud, and On-Premises; by service type into: consulting, implementation, training and support and managed services; by industries into: government, legal sector, healthcare, BFSI, energy & utilities, IT & telecom, manufacturing, transportation & logistics, media & entertainment, and travel & hospitality among others.

MarketsandMarkets forecasts the global E-Discovery market comprising software and services to grow from $7010.1 Million in 2015 to $14,260.2 Million by 2020, at a CAGR of 15.3%. In terms of regions, NA is expected to be the biggest market in terms of value and volume, whereas APAC and Europe are expected to experience increased market traction, during the forecast period.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India

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