DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5vspbw/global_ediscovery) has announced the addition of the "Global eDiscovery Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global eDiscovery market to grow at a CAGR of 15.56 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing number of civil litigation cases. The Global eDiscovery market has also been witnessing the increase in market consolidation. However, the increasing initial and associated cost of eDiscovery processes could pose a challenge to the growth of this market.
The other vendors mentioned in the report are AccessData Group, LLC., Anacomp Inc., CA Technologies, CommVault Inc., EMC, Guidance Software, IBM, LexisNexis, Mimosa Systems Inc., PSS Systems Inc., and Recommind Inc.
Commenting on the report, an analyst from TechNavio's IT Security team said: ''As the adoption and popularity of eDiscovery solutions are increasing, large enterprises are acquiring pure-play vendors to enter the market. This helps these large enterprises increase their presence in various technology markets, gain technological expertise, and enhance their product portfolios. Several large vendors such as HP and Symantec have adopted such acquisition strategies, and this trend is expected to continue in the future.''
According to the report, as the amount of electronically stored information (ESI) is growing exponentially, organizations and individuals with global business operations are required to follow record management policies mandated by different regulatory bodies. This has led to an increasing number of civil litigation cases, which is driving the demand for eDiscovery solutions.
Further, the report reveals that the main challenge faced by the market is the increasing initial and associated costs of the eDiscovery process.
For more information visit http://www.researchandmarkets.com/research/5vspbw/global_ediscovery.