According to the revised edition of eDiscovery market by FMI analysts, the market is estimated to account for a share of US$ 13,136.36 million in the year 2024. The market size rose upward post-pandemic due to new trends impacting eDiscovery industry.
Demand for eDiscovery or electronic discovery solutions continues to rise among law firms, regulatory agencies, and governments as the legal sector continues to expand. The demand for eDiscovery solutions is analyzed to expand at a CAGR of 8.30% to reach US$ 29,158.12 million by the end of the forecast period.
| Attributes | Key Insights |
|---|---|
| eDiscovery Market Size (2024E) | US$ 13,136.36 million |
| Market Valuation (2034F) | US$ 29,158.12 million |
| Value-based CAGR (2024 to 2034) | 8.30% |
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| Leading Solution | eDiscovery Software |
|---|---|
| Value Share (2024) | 54.90% |
The eDiscovery software is an excessively preferred solution among users. FMI has predicted this segment to achieve a 54.90% value share in 2024. Increasing sales of on-premises electronic discovery software due to better safety features and simplicity of use.
Surging concentration on maintaining integrity and data security in various countries is expected to impart flow to the demand for electronic discovery software over the forecast period. Increasing demand for off-premise is projected to expand in enterprises.
| Leading Enterprise Size | Small and Medium Enterprises |
|---|---|
| Value Share (2024) | 57.90% |
The small and medium enterprises are expected to account for 57.90% of the global market. Increasing demand for eDiscovery solutions among SMEs is due to surging due to growing interest in new and latest technologies to optimally operate their business.
SMEs have a stronghold in the eDiscovery market as they consistently demand electronic discovery solutions. Players are also offering innovative software and solutions to increase market competitiveness.
Principal Consultant
| Countries | Forecast CAGR (2024 to 2034) |
|---|---|
| The United States | 8.30% |
| Germany | 2.60% |
| Japan | 3.80% |
| China | 10.40% |
| Australia and New Zealand | 7.80% |
The eDiscovery market in the United States is expanding at a robust 8.30% over the next decade. The expanding cloud computing landscape and rising adoption of digital forensics are prominent factors that are contributing to the electronic discovery market growth. Almost all the states in the country have enacted the e-discovery rules.
The state of California especially has the most updated laws on e-discovery. This enables the utilization of e-discovery to find out the necessary data and present it in front of the court.
New developments are revolutionizing electronic discovery in the United States. For instance, in March 2024, Proxiio Global Solutions, which is an India-based new-age alternative legal services provider, announced its launch in the United States. Marketing leadership and strategic sales are the two main drivers behind the company’s expansion into the United States.
The key intent behind this expansion is offering innovative, emphasizing customization, technology-driven legal solutions, and guaranteed predictable pricing. The company is expected to offer a wide suite of services, such as litigation, managed review, eDiscovery, DSARs, witness preparation, etc.
The eDiscovery market in Germany is predicted to expand at a CAGR of 2.60% over the next ten years. Key players are rolling out offerings to smoothen the electronic discovery process. For instance, in September 2023, FTI Consulting, in collaboration with Relativity, introduced RelativityOne for its German and Irish practices.
The Relativity solution assists firms manage their electronic discovery process, which is a type of digital inquiry into potential illicit activity like financial crime, fraud, or embezzlement.
By tapping into Germany and Ireland markets, the two countries observing high demand for electronic discovery services and software, FTI Consulting elevates its ability to assist clients deal with cost containment and data obstacles for matters of different sizes.
Growing focus on supporting and expanding the existing German operations, while increasing capabilities across the EMEA region, is projected to fuel the market growth. In September 2023, for instance, Sandline Global, which is a premier electronic discovery services company, officially announced that it has hired Andy Ward as a Managing Director in EMEA.
Andy brought 20+ years of experience within the eDisclosure, eDiscovery, investigations, cybersecurity, information governance, and data privacy fields. Andy’s focus area is going to be to help law firms and corporations resolve data-related obstacles of various shapes and sizes to answer regulatory, legal, business, and investigative inquiries.
The eDiscovery market in Japan is forecast to register a CAGR of 3.80% over the forecast period. Increasing utilization of the electronic discovery approach to find electronic evidence throughout investigations is expected to be a prominent driver within the electronic discovery market in Japan.
This dynamic substantially overshadows the use of electronic discovery for litigation production. Additionally, investigations offer distinct characteristics that spur fast advancements in technology and methodology, like a stronger emphasis on speed, an intense demand for creative ideas to solve progressively complex and continuously evolving challenges, and finding evidence over fulfilling procedural requirements.
The market is predicted to reach landmark agreements on cross-border data flow. In November 2023, Japan and the European Union attained a landmark agreement in the previous month on cross-border data flow. The agreement also includes Data Security and Privacy and eDiscovery, Data, and Document Management Law.
The agreement intends to make doing business less costly, easier, and more efficient. The deal marks a substantial step forward to boost the growth of the digital economy.
The eDiscovery market in China is estimated to record a CAGR of 10.40% in the next decade. Increasing cross-border electronic discovery practices in litigation and government investigations by jurisdictions have made it mandatory for enterprises in China to provide local data abroad to judicial authorities and foreign law enforcement.
The demand for electronic discovery solutions to help practitioners tackle disclosures in litigation, arbitrations, and investigations in the time of Big Data. Further, the explosion of data variety, volume, and velocity has transformed legal practices requiring daily large-scale document disclosures is also supporting the market growth.
The Australia and New Zealand eDiscovery market is projected to register a 7.80% CAGR in the assessment period. The market is driven by key players expanding their electronic discovery offerings to clients in New Zealand and Australia.
In June 2022, Epiq, a leading provider of technology-enabled services to law firms and corporations, announced that it has increased Epiq Sevice Cloud capabilities in New Zealand and Australia to add a cloud-based electronic discovery solution of Relativity called RelativityOne.
RelativityOne is leveraged by Epiq Service Cloud to store data in a secure, single SaaS platform that includes the entire range of eDiscovery. This includes legal hold to production and trial solutions like Epiq TMX.
The market is characterized as highly competitive. Several large players crowd the market, however only a few of them dominate the global space. Leading market contenders are leveraging strategic collaborative initiatives to boost their market share and profitability.
Industry players are concentrating on increasing their customer base overseas to expand their global presence. Additionally, players are integrating AI and other latest technologies in their electronic discovery solutions to cater to evolving industry needs.
Key players are expected to effectively respond to emerging market challenges and opportunities like the progress of technologies like predictive coding in document review and the increasing volume of digital data.
New Developments in the eDiscovery Market
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Current projections of the market indicate a valuation of US$ 13,136.36 million in 2024
Looking ahead to 2034, the current forecast projects a CAGR of 8.30% for the industry.
FMI predicts the market to reach US$ 29,158.12 million by the year 2034.
Small and medium enterprises are the prominent users of electronic discovery services.
The United States and China are predicted to offer lucrative opportunities for investors and stakeholders.
IBM Corporation, OpenText, and Microsoft Corporation are powerful players in the electronic discovery industry.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Solution
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Solution, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solution, 2024 to 2034
5.3.1. Software
5.3.1.1. On-premises
5.3.1.2. Cloud-Based
5.3.2. Services
5.3.2.1. Professional Services
5.3.2.2. Managed Services
5.4. Y-o-Y Growth Trend Analysis By Solution, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Solution, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Enterprise Size
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Size, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Size, 2024 to 2034
6.3.1. Large Enterprises
6.3.2. Small and Medium Enterprises (SMEs)
6.4. Y-o-Y Growth Trend Analysis By Enterprise Size, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Enterprise Size, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End User, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2024 to 2034
7.3.1. Government & Regulatory Agencies
7.3.2. Law Firms
7.3.3. Others
7.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Solution
9.2.3. By Enterprise Size
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Solution
9.3.3. By Enterprise Size
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Solution
10.2.3. By Enterprise Size
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Solution
10.3.3. By Enterprise Size
10.3.4. By End User
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Solution
11.2.3. By Enterprise Size
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Solution
11.3.3. By Enterprise Size
11.3.4. By End User
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Solution
12.2.3. By Enterprise Size
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Solution
12.3.3. By Enterprise Size
12.3.4. By End User
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Solution
13.2.3. By Enterprise Size
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Solution
13.3.3. By Enterprise Size
13.3.4. By End User
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Solution
14.2.3. By Enterprise Size
14.2.4. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Solution
14.3.3. By Enterprise Size
14.3.4. By End User
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Solution
15.2.3. By Enterprise Size
15.2.4. By End User
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Solution
15.3.3. By Enterprise Size
15.3.4. By End User
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Solution
16.1.2.2. By Enterprise Size
16.1.2.3. By End User
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Solution
16.2.2.2. By Enterprise Size
16.2.2.3. By End User
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Solution
16.3.2.2. By Enterprise Size
16.3.2.3. By End User
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Solution
16.4.2.2. By Enterprise Size
16.4.2.3. By End User
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Solution
16.5.2.2. By Enterprise Size
16.5.2.3. By End User
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Solution
16.6.2.2. By Enterprise Size
16.6.2.3. By End User
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Solution
16.7.2.2. By Enterprise Size
16.7.2.3. By End User
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Solution
16.8.2.2. By Enterprise Size
16.8.2.3. By End User
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Solution
16.9.2.2. By Enterprise Size
16.9.2.3. By End User
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Solution
16.10.2.2. By Enterprise Size
16.10.2.3. By End User
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Solution
16.11.2.2. By Enterprise Size
16.11.2.3. By End User
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Solution
16.12.2.2. By Enterprise Size
16.12.2.3. By End User
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Solution
16.13.2.2. By Enterprise Size
16.13.2.3. By End User
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Solution
16.14.2.2. By Enterprise Size
16.14.2.3. By End User
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Solution
16.15.2.2. By Enterprise Size
16.15.2.3. By End User
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Solution
16.16.2.2. By Enterprise Size
16.16.2.3. By End User
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Solution
16.17.2.2. By Enterprise Size
16.17.2.3. By End User
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Solution
16.18.2.2. By Enterprise Size
16.18.2.3. By End User
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Solution
16.19.2.2. By Enterprise Size
16.19.2.3. By End User
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Solution
16.20.2.2. By Enterprise Size
16.20.2.3. By End User
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Solution
16.21.2.2. By Enterprise Size
16.21.2.3. By End User
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Solution
16.22.2.2. By Enterprise Size
16.22.2.3. By End User
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Solution
16.23.2.2. By Enterprise Size
16.23.2.3. By End User
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Solution
17.3.3. By Enterprise Size
17.3.4. By End User
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. IBM Corporation
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Opentext
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Microsoft Corporation
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Micro Focus
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Deloitte
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Nuix
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Exterro
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. KLDiscovery
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Thomson Reuters
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Knovos
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. Guidance Software Inc.
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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