eDiscovery Market Expected to Reach USD 9.9 Billion Globally in 2017

25th May 20208th August 2012 by Forensic Focus

According to a new market report published by Transparency Market Research “eDiscovery (Software and Service) Market – Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2010 – 2017,” the global e-discovery market was worth USD 3.6 billion in 2010 and is expected to reach USD 9.9 billion in 2017, growing at a CAGR of 15.4% from 2010 to 2017. In the overall global market, the U.S. is expected to maintain its lead position in terms of revenue with 73% of global e-discovery market share in 2017…Browse the full report at www.transparencymarketresearch.com/ediscovery-market.html

Key factors driving the global e-discovery market include increasing adoption of predictive coding, growing risk mitigation activities in organizations, increase in criminal prosecutions and civil litigation and growth of record management across various industries. The U.S. eDiscovery market was valued at USD 3.0 billion in 2010, and is estimated to grow at a CAGR of 13.3% from 2010 to 2017 to reach USD 7.2 billion by 2017. The rest of the world e-discovery market is expected to grow at a CAGR of 23.2% to reach USD 2.7 billion by 2017.

This report broadly segments the e-discovery market into software based eDiscovery and services based eDiscovery. The global e-discovery software market was valued at USD 1.1 billion in 2010 and is expected to grow at a CAGR of 11.5% to reach USD 2.5 billion by 2017. The global e-discovery services market is expected to grow at a CAGR of 17.0% from 2011 to 2017.

In the next five years, the e-discovery industry growth will get further support from increasing automatic enterprise information archiving applications, growth in multi-media search for sound and visual data, next generation technology growth for cloud computing i.e. virtualization and increasing involvement of organizations in the social media space.

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69% of employees note that the number of business applications they use at work has increased during the pandemic.

Desk phones, LAN lines and even VOIP have become technologies of the past workplace environment as employees turn to cloud applications on their computers and phones to collaborate with each other in today’s workplace environment.

Whether it’s conversations in Teams, file uploads in Slack chats, or confidential documents stored in Office 365, the amount of data stored and where it is stored, is growing quicker than IT and systems administrators can keep up with.

Corporate investigators and eDiscovery professionals need to seamlessly collect relevant data from cloud sources and accelerate the time to investigative and discovery review.

With the latest in Cellebrite’s remote collection suite of capabilities, investigators and legal professionals can benefit from secure collection with targeted capabilities for the most used workplace applications.

Join Monica Harris, Product Business Manager, as she showcases how investigators can:

- Manage multiple cloud collections through a web interface
- Cull data prior to collection to save time and money by gaining these valuable insights of the data available
- Collect data from the fastest growing cloud collaboration applications like Office365, Google Workspace, Slack and Box
- Login to a single source for workplace app collection without logging into every app and pulling data from multiple sources for every employee
- Utilize a single unified collection workflow for computer, mobile and workplace cloud applications without the need to purchase multiple tools for different types of collections – a solution unique to Cellebrite’s enterprise solution capabilities

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