DUBLIN--(BUSINESS WIRE)--The "eDiscovery Market by Component, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The eDiscovery market size is expected to grow from USD 10.76 billion in 2018 to USD 17.32 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0%.
Increase in number of litigations across the globe and need to decrease operational budget of legal departments are expected to drive the growth of the market. However, the high cost of eDiscovery software and services and limited technical expertise for managing the advanced eDiscovery mechanism are expected to affect the growth of the eDiscovery market.
Software is an important component of eDiscovery offerings. The growing data generation and litigations are expected to be major reasons for the adoption of eDiscovery software worldwide. The eDiscovery software helps in managing and presenting large volumes of data.
Cloud-based eDiscovery software offers various benefits, such as enhanced security, improved scalability, better flexibility, and lower costs. They also provide other advantages, such as increased storage, scalability, flexibility, security, portability, and compliance. The cloud deployment offers high-end performance and greater security. Moreover, it is highly scalable, flexible, and cost-efficient as compared to the on-premises deployment.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 eDiscovery Market Analysis, By Component
7 Market Analysis, By Deployment Type
8 Market Analysis, By Organization Size
9 eDiscovery Market Analysis, By Vertical
10 eDiscovery Market, By Region
11 Competitive Landscape
12 Company Profiles
- Advanced Discovery
- Micro Focus
- Thomson Reuters
For more information about this report visit https://www.researchandmarkets.com/research/733cbh/ediscovery_market?w=4