E-Discovery Market Growth Driven by Data Processing Solutions to Hit 23.4% CAGR to 2021

PUNE, India, November 11, 2016 /PRNewswire/ --

The global E-Discovery market is to grow from USD 7.89 billion in 2016 to USD 22.62 billion by 2021, at a CAGR of 23.4% while the managed services type to have the highest growth rate and data processing solutions to have the largest market size in 2021.

Complete report on global E-Discovery market spread across 135 pages, profiling 10 companies and supported with 78 tables and 51 figures is now available at http://www.marketreportshub.com/e-discovery-industry-research-marketsandmarkets.html .

The E-Discovery market is growing rapidly as the business environment is getting increasingly litigious, due to global increase in difficult conditions for businesses. However, factors such as lack of awareness about E-Discovery are the major restraint in the overall growth of the market.

Data processing solutions segment is estimated to have the largest market size in 2021, owing to the increase in data production around the world. Massive data growth rates result in an increase in the amount of electronic documents being generated, which are used during litigations. The growth in data processing would also be due to the massive increase in social media communication resulting in data proliferation. Other factors responsible for its largest market share include benefits such as reduction in document maintenance costs, as well as simplification and consolidation of a variety of document formats.

Managed services provide end-to-end E-Discovery support to organizations, which is the main reason for its high adoption. The managed services type is gaining traction in the E-Discovery market as it helps organizations to leverage the advantages of technology-enabled E-Discovery solutions setup off-premises, which helps in reducing storage infrastructure costs. This segment is expected to witness the highest CAGR during the forecast period.

APAC includes economies, such as India, China, Japan, Singapore, and others, which are rapidly deploying E-Discovery solutions and services. This is mainly due to the rise in outbound investment from countries such as India and China, which integrates APAC economies with foreign economies and as a result drives cross-border litigations and disputes. The North American region is expected to be the largest revenue generating region for E-Discovery solution and service providers in 2016. This is due to the high focus on innovations obtained from research & development and technology adoption, especially in the developed economies of North America.

The report includes the study of key players offering E-Discovery solutions and services: kCura LLC, Access Data, FTI Consulting, Inc., IBM Corporation, Guidance Software, Inc., ZyLAB, Nuix, Xerox Corporation, Hewlett Packard Enterprise Development LP, and Exterro, Inc. are some of the companies profiled in the report. Order a copy of E-Discovery Market by Solution (Legal Hold, Early Case Assessment, Data Processing, Data Production), Service (Consulting, Implementation, Training & Support, Managed), Deployment Type (CLOUD, On-premises), and Vertical - Global Forecast to 2021 research report at http://www.marketreportshub.com/purchase?rpid=3089 .

The report includes in-depth competitive analysis of these key players in the haptic technology market, with their company profiles, SWOT analysis, recent developments, and key market strategies. In the process of determining and verifying, the global E-Discovery market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (34%), Tier 2 (40%) and Tier 3 (26%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (72%), Director Level (18%) and others (10%) from various key organizations operating in the global E-Discovery market. The primary interviews were conducted worldwide covering regions such as North America (57%), Europe (17%), Asia-Pacific (19%) and RoW (7%).

On a related note, another research on Managed Services Market Global Forecast to 2021 says, North America is expected to be the largest market and Asia-Pacific (APAC) projected to grow at the highest rate. Managed hosting is expected to be the largest contributor in the managed data center segment. The global market is to grow USD 242.45 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.8%. Companies like IBM Corporation, Cisco Systems, Inc., Huawei Technologies, Ericsson, Accenture PLC, Fujitsu Ltd., Nokia Networks, Computer Science Corp., AT&T, Inc., Tata Consultancy Services, Wipro Limited and Hewlett-Packard Enterprise have been profiled in this 196 pages research report available at http://www.marketreportshub.com/managed-services-industry-research-2018-marketsandmarkets.html .

Explore more reports on I.T. & Telecommunication market at http://www.marketreportshub.com/categories/i-t-telecommunication .

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