Deerfield Beach, FL — (PRESS RELEASE JET) — 09/28/2017 — According to the report, global demand for eDiscovery Market was valued at USD 6.25 billion in 2014 and is expected to generate revenue of USD 15.50 billion by end of 2020, growing at a CAGR of over 15% between 2015 and 2020. Zion Market Research has published a new report titled “eDiscovery (Software; On-Premise Software & Off-Premise Software and Services) Market for Government and Regulatory Agencies, Enterprises (Small, Mid and Large-Size Enterprises) and Law Firms – Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”.
The report covers forecast and analysis for eDiscovery market on a worldwide and regional level. The analysis provides significant information of 2014 beside a forecast from 2015 to 2020 sustained revenues (USD million). The study includes drivers and restraints for the eDiscovery market together with the impact they have on the demand over the forecast amount. In addition, the report includes the study of opportunities out there within the EDiscovery market on a global level.
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In order to convey the users of this report comprehensives read on the eDiscovery market, we have included the competitive landscape of the market and Porter’s Five Forces analysis for the eDiscovery market. The study encompasses a market attractiveness analysis, wherein components segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the e-discovery market by segmenting the market based on components, end-users, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key components segmented market covered under this study includes Software (On-premise software, Off-premise software,)and Services.Key end-users segmented market covered under this study includesGovernment and Regulatory Agencies, Enterprises (Small, Mid, and Large-Sized), Law Firms.The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S., China, Japan, India, Germany, and Brazil. This segmentation includes demand for eDiscovery based on individual components and end-users in all the regions and countries.
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The eDiscovery market is segmented on the basis of components such as software and services. eDiscovery software market can be further classified as on-premise software & off-premise software. eDiscovery services were the leading segment of the eDiscovery market and accounted for over 65% of the total revenue generated by eDiscovery market in 2014. eDiscovery software segment was dominated by on-premise software in 2014. On-premise software segment held over 55% share of the global eDiscovery software market in 2014. However, the off-premise segment is expected to be the fastest growing segment during the forecast period. Growing demand for cloud computing and growing volume of digitally stored data are some of the key factors driving the off-premise software market segment.
North America dominated the global eDiscovery market in 2014. It is expected to retain its dominance during the forecast period due to increasing use of eDiscovery solutions in civil litigation and need to improve information governance in corporations of all sizes. However, the Asia Pacific region is expected to witness the rapid growth of eDiscovery market in the years to come. The growth of eDiscovery market in Asia Pacific will be mainly stemmed from China, India, South Korea and Japan.
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Some of the key players operating in global eDiscovery market include HP Autonomy, IBM Corporation, Daegis Inc., EMC Corporation, Symantec Corporation, Guidance Software Inc., Xerox Corporation, Epiq Systems Inc., FTI Consulting Inc., Navigant Consulting Inc., Integreon Managed Solutions Inc., and Catalyst Repository Systems Inc
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