For instance, according to International Data Group, unstructured data is growing at the rate of
62% per year and 93% of all data is expected to be unstructured by 2022. This growth is
expected due to increasing number of organisations generating, creating, storing, and
transferring data throughout the organization electronically. This in turn, is expected to increase
the demand for e-Discovery solutions to help organizations meet regulatory requirements, meet
records retention obligations, prepare and respond to litigations, and investigate into policy
violations. This is thus expected to boost growth of the e-Discovery market.
Lack of awareness about e-Discovery is one of the major challenges hampering
growth of the market
Lack of awareness about e-Discovery software and solutions is one of the major factors
hampering growth of the market. Organizations face problems while resolving legal cases and
implementing any new law in the organisation, due to lack of awareness regarding e-Discovery.
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On the basis of deployment type, the cloud segment is expected to grow, exhibiting
highest CAGR during the forecasted period
On the basis of deployment type, the cloud segment is expected to exhibit the highest CAGR
during the forecasted period. Increasing adoption of cloud-based solution and services by
enterprisers, in turn is expected to increase the cloud traffic. This in turn, is expected to drive
growth of the cloud segment during the forecasted period. For instance, according to the CISCO
analysis, in 2016, the cloud traffic was recorded at 6.0 ZB, which is projected to reach up to 19.5
ZB by 2021. Adoption of cloud-based solutions is increasing, as it helps organizations save on
various types of cost such as infrastructure cost and hardware cost, which in turn helps utilise
the saved costs in other activities that help strengthen the organization’s foothold in the market.
Global e-Discovery Market: Regional Insights
North America held a dominant position in the global e-Discovery market in 2017, and is
expected to retain its dominance throughout the forecast period. Various organizations in the
region are shifting their workload to cloud-based platforms, in turn, driving growth of the market
in the region. For instance, according to CISCO analysis, in 2015, in North America, the cloud
traffic was 1891 EB and is estimated to reach 6844 EB by 2020.
Global e-Discovery Market: Competitive Landscape