eDiscovery solution: 3 Growth Factors Market Participants Should Consider

eDiscovery solution Market Latest Edition Published with Forecast to 2027


According to the report, Rising Adoption of e-Discovery Services by the Government Sector is one of the primary growth factors for the market. Increase in Lawsuits is also expected to contribute significantly to the eDiscovery solution market. Overall, Consulting applications of eDiscovery solution, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Government, is boosting the eDiscovery solution market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment, such as On- Premises, is boosting the eDiscovery solution market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global eDiscovery solution market identified that the demand is rising in many different parts of the world as "The Emergence of New Content Sources with Technological Advancements". Furthermore, some recent industry insights like "In March 2017, IBM revealed that it planned on updating the discovery service of its artificial intelligence-powered platform, Watson, with an expansion of its E-discovery and business research technology. Watson Discovery Service enabled developers to implement a machine learning model in their search tools, which allowed the tools to understand how certain language terms are related on a deeper level. The service enabled developers to create search and e-discovery tools using Watson's technology, which comprehended language and data on an almost human level." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global eDiscovery solution market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the eDiscovery solution market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales