What Has Been the Growth Trajectory of the eDiscovery Market?
The ediscovery market has seen considerable growth due to a variety of factors.
• The eDiscovery market has seen a robust expansion in its size over the past few years. The market is projected to escalate from $14.27 billion in 2024 to $15.14 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 6.1%.
The augmentation in the historical period is tied to the surge in electronic data volume, constant growth in cybersecurity risks and incidents, increase in legal and regulatory probes, a rise in the count of litigations, and the demand for cost-effective and efficient eDiscovery solutions.
What Does the Future Hold for the eDiscovery Market?
The ediscovery market is expected to maintain its strong growth trajectory in upcoming years.
• The eDiscovery market is set to experience a significant surge in the upcoming years, with its size expected to reach $22.5 billion by 2029, advancing at a compound annual growth rate (CAGR) of 10.4%.
The accelerated growth throughout the forecast period can be reasoned to the escalating need for data protection and privacy, amplified use of blockchain technology, burgeoning demand for eDiscovery services in developing economies, globalization, and complications arising from cross-border data discovery. The forecast period is also expected to witness certain trends such as the adoption of technology-assisted review (tar) in the field of eDiscovery, the merging of analytics and predictive coding in eDiscovery practices, a strong focus on data privacy and protection, the emergence of remote and mobile eDiscovery solutions, and the transformation in technology-driven eDiscovery workflows.
What Main Forces Are Fueling Expansion In The eDiscovery Market?
The surge in electronically stored information is predicted to fuel the growth of the eDiscovery market in the future. This digitally generated, updated, sent, and stored data is recognized as electronically stored information (ESI). With the recent rise in digitalization, there has been a massive increase in this type of data. The volume, variety, and origins of the ESI that must be documented are becoming increasingly multifaceted. eDiscovery tools are employed to carry out digital investigations on this stored data and furthermore, facilitate the direct exchange of evidence in legal cases or investigations through the database. For instance, the Department for Science, Innovation & Technology, a UK-based organization, shared data in September 2024 that revealed the digital sector contributed £158.3 billion to the UK economy in 2022. This was a 7.2% share of the total UK GVA, a slight increase from the 7.1% in 2021. Therefore, the mounting volume of electronically stored information is spearheading the expansion of the eDiscovery market.
What Are The Primary Segments In The Global eDiscovery Market?
The ediscovery market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SEMs)
3) By Deployment Type: On-Premises, Cloud-Based, Hybrid
4) By End-User Vertical: BFSI, Retail Sector, Healthcare, Manufacturing, IT And Telecommunication, Government, Energy and Utility, Other End Users
Subsegments:
1) By Solutions: Software, Hardware
2) By Services: Consulting Services, Managed Services, Support And Maintenance Services
Pre-Book The eDiscovery Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Key Trends Are Driving Changes In The eDiscovery Market?
One significant emerging trend in the eDiscovery market is the surge in technological advancements. Leading players in the market are prioritizing the incorporation of sophisticated technologies, particularly those that utilize cloud-based technology, to solidify their market dominance. For example, in March 2022, Epic Systems Inc., a software solutions firm based in the United States, introduced the Epiq Service Cloud to enhance legal service delivery for Corporate Legal Departments and Law Firms. The Epiq Service Cloud houses a suite of intelligence and productivity tools. These cloud technology services facilitate a streamlined digital experience for Epiq's proprietary technology and other third-party industry tools.
Who Are the Key Players in the eDiscovery Market?
Major companies operating in the ediscovery market include:
• Casepoint LLC
• CloudNine Discovery Services Inc.
• Commvault Systems Inc.
• Conduent Incorporated
• Conduent Inc.
• International Business Machines Corporation
• Microsoft Corporation
• KLDiscovery Inc.
• Deloitte Touche Tohmatsu Limited
• Epiq Systems LLC
• Exterro Inc.
• FTI Consulting Inc.
• Open Text Corporation.
• Zapproved Inc.
• Logikcull Inc.
• Everlaw Inc.
• Veritas Technologies LLC
• ZyLAB Technologies LLC
• Consilio LLC
• ONE Discovery
• Absolute Software Corporation
• Amazon Web Services Inc.
• Iron Mountain Incorporated
• Micro Focus International plc
What Is The Most Dominant Region In The eDiscovery Market?
North America was the largest region in the eDiscovery market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eDiscovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
