eDiscovery (Software and Service) Market is Expected to Reach USD 9.9 Billion Globally in 2017

Electronic discovery (sometimes known as e-discovery, ediscovery, eDiscovery, or e-Discovery) is the electronic aspect of identifying, collecting and producing electronically stored information (ESI) in response to a request for production in a law suit or investigation. ESI includes, but is not limited to, emails, documents, presentations, databases, voicemail, audio and video files, social media, and web sites.

eDiscovery (Software and Service) Market is Expected to Reach USD 9.9 Billion Globally in 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.
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

Key Players:
The key player in this market are HP Autonomy, IBM Corporation, Daegis Corporation, EMC Corporation, Symantec Corporation, Guidance Software Inc., Epiq Systems, FTI Consulting Inc., Xerox Corporation, Navigant Consulting Inc., Integreon Managed Solutions Inc. and Catalyst Repository Systems Inc.