The key players analyzed in the global eDiscovery market report includes CloudNine, CS DISCO Inc., Deloitte Touché Tohmatsu Limited, International Business Machines Corporation, KL Discovery Limited, Lighthouse eDiscovery Inc., Microsoft Corporation, Nuix Limited, Onna Technologies Inc. The report also analyses other regions such as Europe and LAMEA. However, the Asia-Pacific region is expected to cite the fastest CAGR of 11.3% during the forecast period. Moreover, the North American market is slated to dominate the global market share during the forecast period. Region-wise, the North American region held the major market share in 2021, grabbing nearly two-fifths of the global eDiscovery market share. Nevertheless, the IT and telecommunications segment, is expected to cite the highest CAGR of 11.5% during the forecast period. Furthermore, the BFSI segment is expected to maintain its leadership status during the forecast period. In terms of end use vertical, the others segment held the largest market share in 2021, accounting for nearly one-fifth of the global eDiscovery market share. Furthermore, the same segment, is expected to cite the highest CAGR of 9.2% during the forecast period. On the basis of organization size, the large enterprise segment held the largest market share in 2021, accounting for nearly three-fourths of the global eDiscovery market share, and is expected to maintain its leadership status during the forecast period. The report also includes services segment. Moreover, the same segment, is expected to cite the fastest CAGR of 9.6% during the forecast period. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.īased on offerings, the solutions segment held the major market share in 2021, holding more than three-fifths of the global eDiscovery market share, and is expected to maintain its leadership status during the forecast period. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. The report offers a detailed segmentation of the global eDiscovery market based on offerings, organization size, use cases, end use vertical, and region. Increase in demand for online network connectivity as well as online purchase of essential goods & services during the pandemic enabled the global market surge.During the COVID-19 pandemic, sectors such as the BFSI deployed eDiscovery solutions and this prompted the global market growth.The outbreak of the COVID-19 pandemic had favorably impacted the growth of the global eDiscovery market, owing to the rise in demand for digital evidence across a slew of sectors.Huge initial costs and maintenance charges. Surge in penetration of eDiscovery solutions in various end use verticals such as BFSI, media & entertainment, retail & consumer goods, and telecommunications. Increase in digitalization and use of AI driven-solutions in North America and Europe and the surge in demand for protection of metadata solution in these regions. Offerings, Organization Size, Use Cases, End Use Vertical, and Region. Report coverage & details: Report Coverage The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. 17, 2022 (GLOBE NEWSWIRE) - According to the report published by Allied Market Research, the global eDiscovery marketgenerated $10.9 billion in 2021, and is projected to reach $25.2 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031.
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