About E-discovery Software
E-discovery refers to the electronic aspect of identifying, collecting, and producing information that is electronically stored in response for production in a lawsuit or investigation. E-discovery is subject to rules of civil procedures and agreed-upon processes. Electronic information can be accompanied by metadata which can play a crucial part as evidence in legal proceedings. As the volume of data produced and stored is immense the processes and technologies for e-discovery are complex. E-discovery software allows legal professionals like advocates to review, process, tag, and produce electronic documents as a part of an investigation of a lawsuit. It aims to help attorneys discover valuable information regarding a matter while reducing costs, and mitigating risks.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
E-Discovery is one of the primary forms of investigation in the legal world. With an increasing number of electronic documents, the demand for r-discovery software is also rising. In this market, there are many players competing for the same set of customers with a similar set of features. In this case, the reputation of the software provider is essential. In this market, new entrants should differentiate their products by marking and endorsements. Timely updates and after-sales service is also a key thing in this market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Micro Focus (United Kingdom), IBM (United States), Microsoft (United States), FTI Consulting, Inc. (United States), Logikcull (United States), Sightline (United States), Nextpoint (United States), Relativity (United States), CloudNine Discovery (United States) and Sherpa Software (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Everlaw (United States), Lexbe (United States), Reveal (United States) and CaseFleet (United States).
Segmentation Overview
AMA Research has segmented the market of Global E-discovery Software market by , Application (Independent Legal Teams, Corporate, Business Litigation, Government and Other) and Region.
On the basis of geography, the market of E-discovery Software has been segmented into 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). If we see Market by Pricing, the sub-segment i.e. Per GB Payment will boost the E-discovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the E-discovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Data Processing will boost the E-discovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of E-Discovery Software by Corporates and Growing Demand of E-Discovery Software with Easy Deployment Method
Market Growth Drivers:
Increasing Demand for Automation to Review and Produce Documents, Growing Demand of Software to Increase Efficiency of Legal Teams and Reduced Number of Documents Requiring Eyes-On Review Due to E-Discovery Software
Challenges:
Bugs and Glitches in Making of Software
Restraints:
Concerns About Information Spillage in E-Discovery Software
Opportunities:
Increasing Importance of E-Discovery Due to Increase of Computer-Generated Content
Market Leaders and their expansionary development strategies
In November 2023, Relativity One teams up with OpenText for enhanced data processing and analytics. This collaboration combines RelativityOne's e-discovery platform with OpenText's data management solutions for efficient processing and analysis of large datasets.
In September 2023, Logikcull launches Smart Search a context-aware search engine for e-discovery platforms. This technology understands legal concepts and nuances, delivering more relevant and targeted search results.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, E-Discovery Software Providers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.