– Global Market Outlook (2017-2023)” report has been added to ResearchAndMarkets.com’s
Global e-discovery Market is accounted for $8.89 million in 2016 and
expected to grow at a CAGR of 25.2% to reach $42.87 million by 2023.
Increase in litigations, stringent policy and compliance regulations and
increase in mobile device penetration & usage are fuelling the market
growth. However, less awareness about e-discovery, increase in
cross-border e-discovery, high cost associated with e-discovery
solutions & services and contradiction between data protection are
hampering the market growth.
Based on End User, e-discovery is widely used in Government sector.
Government requests often can be extremely broad, necessitating informed
negotiating strategies to limit the scope and ease the burden of
e-discovery. On-site collection for physical media is optimal because it
offers maximum certainty and legal defensibility, as well as minimizes
participation by corporate IT team. The largest cost element in
e-discovery is attorney review and selection of records for production
North America is projected to dominate the market throughout the
forecast period. As with the growth of big data, organizations in the US
are transitioning towards mobile content delivery models and depend
entirely on mobile devices to market their products.
Some of the key players in Global e-discovery Market are
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