E-Discovery Market is predicted to reach USD 26.8817 billion at a CAGR of 8.50% during the forecast period 2023 to 2032

E-Discovery Market is predicted to reach USD 26.8817 billion at a CAGR of 8.50% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global E-Discovery Market” that contains information from 2023 to 2032. The E-Discovery Market is estimated to register a CAGR of 8.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global E-Discovery Market— IBM Corporation, FTI Technology LLC, Kcura LLC, Zylab Technologies, Xerox Corporation, Hewlett Packard Enterprise, Logik, Lexbe, Ernst & Young Global Limited and Navigant Consulting.


Market Highlights


The global E-Discovery Market is accounted to register a CAGR of 8.50% during the forecast period and is estimated to reach USD 26.8817 Billion by 2032.


The e-discovery market refers to the industry that provides software, services, and solutions for electronic discovery in legal proceedings. E-discovery, short for electronic discovery, is the process of identifying, collecting, reviewing, and producing electronically stored information (ESI) for litigation, regulatory investigations, and other legal matters.


The e-discovery market has seen significant growth in recent years due to the increasing volume and complexity of electronic data, as well as the rising number of legal disputes and regulatory investigations. Legal professionals and organizations rely on e-discovery solutions to streamline the discovery process, improve efficiency, reduce costs, and ensure compliance with legal and regulatory requirements.


Segment Analysis


The global E-Discovery Market has been segmented based on solution, service and end user.


On the basis of solution, the market is segmented into technology assisted review and early case assessment. Machine learning algorithms used in TAR can achieve high levels of accuracy and consistency in document categorization. This reduces the risk of human errors and ensures a more reliable and defensible review process.


Based on service, the market has been segmented into training and support and consultant. E-discovery consultants assist organizations in implementing and configuring e-discovery software and solutions according to their specific needs and requirements.


Based on end user, the market has been segmented into transportation & logistics, legal sector, energy & utilities and IT & telecommunication. e-discovery tools are used to manage legal matters related to data breaches, intellectual property disputes, regulatory compliance, and contractual disputes.


Regional Analysis


The global E-Discovery Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe E-Discovery Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The E-Discovery Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World E-Discovery Market comprises of Middle East, Africa, and Latin America.


North America, particularly the United States, has been a significant market for e-discovery due to its well-established legal system and high litigation activity. The region has witnessed the early adoption of e-discovery solutions and hosts several major e-discovery software vendors, service providers, and consulting firms.


Europe has seen significant growth in the e-discovery market, driven by increased regulatory scrutiny, data privacy regulations (such as GDPR), and rising litigation activities.


The e-discovery market in the Asia Pacific region is experiencing rapid growth, fueled by the expanding legal and regulatory landscape, increasing awareness of e-discovery solutions, and the growing volume of electronic data.


Furthermore, the rest of the world's E-Discovery Market is divided into the Middle East, Africa, and Latin America. The e-discovery market in Latin America is still evolving but showing promising growth. The regions are witnessing increased adoption of e-discovery solutions as legal systems become more complex and organizations recognize the need for efficient data management in legal proceedings.


Key Findings of the Study



  • The global E-Discovery Market is expected to reach USD 24 Billion by 2030, at a CAGR of 8.50% during the forecast period.

  • North America, particularly the United States, has been a significant market for e-discovery due to its well-established legal system and high litigation activity. The region has witnessed the early adoption of e-discovery solutions and hosts several major e-discovery software vendors, service providers, and consulting firms.

  • Based on service, the market has been segmented into training and support and consultant holding the largest market in 2022.

  • IBM Corporation, FTI Technology LLC, Kcura LLC, Zylab Technologies, Xerox Corporation, Hewlett Packard Enterprise, Logik, Lexbe, Ernst & Young Global Limited, and Navigant Consulting.

Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Contact us and avail customized purchase options to meet your research needs. Get your queries resolved from an industry expert. Enquire before Buy

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.