The “Electronic Discovery Market” report covers the overview of the market and presents the information on business development, market size, and share scenario. The report also emphasizes on the growth prospects of the global Electronic Discovery market for the period 2020-2024. The report covers market characteristics for each segmentation across the key regions and country and traces the historic and forecast analysis of the industry. The report covers key vendors their revenue, breakdown by regions, and product demand. Other key details include volume, installed capacity, value chain.
Scope of the Report:
Electronic discovery is the electronic aspect of recognizing, collecting and producing electronically stored information (ESI) in response to a request for production in a lawsuit or investigation. ESI comprises, but is not limited to, emails, documents, presentations, databases, voicemail, audio and video files, and social media.
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Key Market Trends:
The Rising Adoption of e-Discovery Services by Government Sector
Government departments across the world have recognized the value of electronic records for various investigations. Various institutions, such as The Civil Division of the United States Department of Justice, have been insisting on the impotence of such electronic records.
Governments have various regulations to be checked, when it comes to the establishment of new companies, etc. The recent case of “Paradise papers” emphasizes the need for e-discovery in governmental institutes for finding various felonies committed, such as money laundering, tax frauds, etc.
Cases in the past faced by the US government, such as accusations against 19 defendants participating in a criminal conspiracy, has been side-tracked. This has been done by providing about 200 TB of data, out of which only 8 TB of data was relevant to the case. Even the 8TB data was not in a relevant format to search. Such cases indicate the importance of e-discovery for governments.
Federal legal professionals are yet to use e-discovery extensively. It has been estimated that only 38% of them can show accurate, trustworthy information. Government professionals have less confidence in e-discovery software. But, with the growing electronically stored information (ESI), this is bound to change.
North America Expected to Remain the Largest Market for Electronic Discovery Solutions
North America is the largest market for electronic discovery solutions in the world. Out of all the 50 states in the country, 49 states have already enacted e-discovery rules. Hawaii, being the youngest of all the states, has not yet appeared on the list and is making its efforts to establish e-discovery rules. California has most recently regulated e-discovery laws in the country. In 2009, after the California Code of Civil Procedure was amended by the Electronic Discovery Act to address the discovery of electronically stored information, further amendments have taken places even in 2012 that became effective in 2013.
This makes the State of California have the most updated laws on e-discovery. E-discovery solutions are put to work when situations like lawsuits, internal investigation, mergers & acquisitions, and data breach events occur. In the case of the United States, lawsuits and data breach incidents prove to be the trigger in most of the cases.
According to the data from the Administrative Office of the US Courts, 2017, the US courts of appeals filings rose 10% from 2016. The bankruptcy appellate panels reported that filings rose 1% while the filings for the Federal Circuit rose 11%. In the US district courts, filings of civil cases also rose by 6% in 2017 from 2016. This scenario, with highly penetrated electronic discovery laws in the country, is enabling the use of e-discovery solutions to mine the required data and present it to the court.
The report provides key statistics on the market status of the Electronic Discovery Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Electronic Discovery.
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Key Insights of Electronic Discovery Market:
- Complete in-depth analysis of the Electronic Discovery
- Important changes in market dynamics.
- Segmentation analysis of the market.
- Emerging segments and regional markets.
- Historical, on-going, and projected market analysis based on volume and esteem.
- Assessment of niche industry players.
- Market share analysis.
- Key strategies of major players
Electronic Discovery Market Report Covers Following Points in TOC:
- Chapter 1: Electronic Discovery Market Definition
- Chapter 2: Research Methodology of Electronic Discovery Market
- Chapter 3: Electronic Discovery Market Executive Summary
- Chapter 4: Electronic Discovery Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
- Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
- Chapter 6: Electronic Discovery Market Segmentation by Types, End-User, and Applications Forecast to 2024
- Chapter 7: Electronic Discovery Market Segmentation by Geographical Regions
- Chapter 8: Competitive Landscape of Electronic Discovery Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
- Chapter 9: Key Players for Electronic Discovery Market
For Detailed TOC Click Here
Name: Ajay More
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