eDiscovery (Software and Service) Market is Expected to Reach USD 9.9 Billion Globally in 2017: Transparency Market Research
ALBANY, New York, August 8, 2012/PRNewswire/ --
According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) "eDiscovery (Software and Service) Market
- Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2010 - 2017
[http://www.transparencymarketresearch.com/ediscovery-market.html ]," the global
e-discovery market was worth USD 3.6 billion in 2010 and is expected to reach USD 9.9
billion in 2017, growing at a CAGR of 15.4% from 2010 to 2017. In the overall global
market, the U.S. is expected to maintain its lead position in terms of revenue with 73% of
global e-discovery market share in 2017.
Key factors driving the global e-discovery market
[http://www.transparencymarketresearch.com/ediscovery-market.html ] include increasing
adoption of predictive coding, growing risk mitigation activities in organizations,
increase in criminal prosecutions and civil litigation and growth of record management
across various industries. The U.S. eDiscovery market was valued at USD 3.0 billion in
2010, and is estimated to grow at a CAGR of 13.3% from 2010 to 2017 to reach USD 7.2
billion by 2017. The rest of the world e-discovery market is expected to grow at a CAGR of
23.2% to reach USD 2.7 billion by 2017.
This report broadly segments the e-discovery market into software based eDiscovery and
services based eDiscovery. The global e-discovery software market was valued at USD 1.1
billion in 2010 and is expected to grow at a CAGR of 11.5% to reach USD 2.5 billion by
2017. The global e-discovery services market is expected to grow at a CAGR of 17.0% from
2011 to 2017.
In the next five years, the e-discovery industry growth will get further support from
increasing automatic enterprise information archiving applications, growth in multi-media
search for sound and visual data, next generation technology growth for cloud computing
i.e. virtualization and increasing involvement of organizations in the social media space.
Related & Recently Published Reports by Transparency Market Research
Some of the key players in the e-discovery market include IBM, Xerox, Guidance
software, Integreon, Access data group, Autonomy, Case central Inc, Clearwell systems Inc
and EMC.
This research is specially designed to estimate and analyze the demand and performance
of the e-discovery industry in a global scenario. This research provides in-depth analysis
of e-discovery product manufacturers, product sales, trend analysis by segments and demand
by geography. The report covers all the major segments of the global e-discovery market
and provides in-depth analysis, historical data and statistically refined forecast for the
segments covered. The study presents a comprehensive assessment of the stakeholder
strategies and winning imperatives for them by segmenting the global e-discovery market as
below:
Transparency Market Research [http://www.transparencymarketresearch.com ] is a global
market intelligence company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. We are privileged with highly
experienced team of Analysts, Researchers, and Consultants, who use proprietary data
sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.