eDiscovery Market Driven by mounting volumes of Electronically Stored Information at 16.2% CAGR
Market Research, eDiscovery Market, Global eDiscovery Market,
A new research study published by Transparency Market Research states that the global eDiscovery market will grow at a remarkable CAGR of 16.2% between 2014 and 2022. The report states that the market, which stood at US$5,563.7 million in 2013, will value US$21,089.1 million by 2022. The report states that the rising volume of electronically stored information (ESI) across organizations and the need to effectively manage this mounting data volume for civil litigation purposes are the key factors driving the global eDiscovery market.
Browse Research Report:
The emergence of social networking sites across the globe is also increasing the demand for eDiscovery solutions in the market. Rising use of eDiscovery solutions in government and regulatory agencies (leading end users of the market with a collective market share of 51% in 2013), several government regulations favoring the adoption of these solutions, and demand from organizations for internal investigations and efficient information governance are some other factors driving the market.
, Global eDiscovery Market
, Market Research