Market Highlights:
eDiscovery software allows legal professionals to process, review, tag, and produce electronic documents as part of a lawsuit or investigation. The right software can help attorneys discover valuable information regarding a matter while reducing costs, speeding up resolutions, and mitigating risks.In the legal system, discovery is the legal process governing the right to obtain and the obligation to produce non-privileged matter relevant to any party’s claims or defenses in litigation. eDiscovery is that process applied to electronically stored information (ESI), such as emails, computer files, and databases. In other words, it is the legal procedure by which parties are required to exchange information and evidence with one another in state and federal courts. The market study is being classified by Type (Disputes and Investigations), by Application (BFSI, Healthcare, Energy & Utilities, Travel & Hospitality, Government & Legal Sectors, IT & Telecom and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the eDiscovery Software are FTI Consulting (United States), HP (United States), IBM(United States), Oracle(United States), Nuix(United States), Symantec (Bangladesh), ABBYY (United States), EMC (United States), Exterro(United States) and MetricStream(United States).

Major Market Development Highlights
In December 2020 Exterro United States-based company the preferred provider of Legal GRC software and the Association of Corporate Counsel’s exclusive Alliance Partner for E-Discovery. The company has announced its acquisition with AccessData to Form the Leading Enterprise Legal GRC Software Platform across Data Privacy, Forensics and e-Discovery
In January 2020 Conduent United States Based company has launched its new enhanced software named Viewpoint(TM) eDiscovery Software with Continuous Active Learning Capabilities. This will help Enhancements Improve Document Review Efficiency and Quality Time Savings Allows for Greater Focus on Case Strategy Conduent to Exhibit New Capabilities at Legaltech, moreover, it also allows allow discovery practitioners to more quickly identify relevant information to develop a legal strategy that benefits their clients.

Key Questions Answered in the Report
What will the eDiscovery Software Market size and the growth rate be in Future?
What are the key factors driving the eDiscovery Software Market?
What are the key market trends and macro-economic impacting the growth of the eDiscovery Software Market?
What are the challenges to market growth?
Who are the key vendors in the eDiscovery Software Market?
What are the market opportunities and threats faced by the vendors in the eDiscovery Software Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the eDiscovery Software Market?

Refer complete Table of Content of eDiscovery Software Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global eDiscovery Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in eDiscovery Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, eDiscovery Software Developer, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.