The eDiscovery software market size is estimated to grow by USD 9,309.1 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 12.82% during the forecast period. Also, the growth momentum will be progressing. North America is estimated to account for 36% of the global market during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report
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eDiscovery Software Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on component (Solution and Services), deployment (On-premises and Off-premises), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
- The market share growth by the Solution segment will be significant during the forecast period. Due to its capacity to meet unique customer needs and create value, the solutions segment dominates the component segment of the global eDiscovery software market. For enterprises, they allow them to expand data accessibility and collaboration, optimize their storage infrastructure, and ensure business continuity. For example, Nuix eDiscovery software process large, complex data stores and provide a friendly environment to search, review and analyze their contents. Moreover, the demand for effective and protected data management is growing substantial traction, and solutions are important to meeting customer requirements and promoting the industry. Enterprises that prioritize the cloud as a strategic component of their operations are expected to need creative and dependable solutions to achieve market share and keep their competitiveness during the forecast period. Therefore, such elements are expected to raise the demand for the solution in the market in focus and it is anticipated to drive the growth of the solution segment in the market during the forecast period.
Geography Overview
By geography, the global eDiscovery software market is segmented into North America, Europe, APAC, the Middle Eastand Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global eDiscovery software market.
- North America is estimated to account for 36% of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, due to the increasing adoption of eDiscovery software in this region compared with others, the eDiscovery software market is expected to register high growth during the forecast period. US and Canada have a high adoption of eDiscovery software solutions in North America. However, because of being highly dependent on mobile devices to market products eDiscovery software companies have shifted to mobile content delivery models, which drives the need for specialized solutions that can deliver archival and storage services for digital information. Vendors such as Nuix, and Relativity are increasing their offerings to include more eDiscovery software functions, including media information management. North America, being an early adopter of technologies an attractive market for eDiscovery software vendors. Furthermore, the strong presence and penetration of the top global vendors are anticipated to drive the growth of the eDiscovery software market during the forecast period.
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eDiscovery Software Market – Market Dynamics
Key factor driving market growth
The major factor driving the global eDiscovery software market growth is the rising volume of electronic data. Different sources, such as enterprise applications, social networks, web-based searches, and cloud-based applications, generate data for companies. Companies are looking to make the best use of this data and transform it into valuable information that would help in their decision-making process. As a result, cloud-based solutions offer easy big data management and analytics in a cost-effective manner. However, the adoption of cloud-based applications is extremely increasing due to their low cost, review and produce documents online without delays. Therefore, the growing use of this type of application is directed to the generation of a large amount of electronic data, which further improves the demand for eDiscovery software solutions. Companies have to update and innovate continuously and keep modifying their existing business models and enterprise infrastructure. Hence, such factors are expected to drive the growth of the global eDiscovery software market during the forecast period.
Leading trends influencing the market
Automation and processing of social media data and collaboration tools is an emerging trend in the global eDiscovery software market. To help with the selection, execution, configuration, and continuous monitoring of tools different vendors offer solutions to enterprises. Moreover, enforcement and notifications of business rules are also included regarding sensitive data usage, controlling and monitoring for potential data loss via social media channels. However, due to an increasing number of discovery requests for producing electronically stored information (ESI) through these platforms, companies are processing collaborating tools and platforms. Especially those including advanced analytics to extract data from these collaborative tools. Therefore, the increasing demand to analyze and automate a large amount of data from collaborative tools is anticipated to drive the growth of the global eDiscovery software market during the forecast period.
Major challenges hindering the market growth
The risk of security breaches and rising data volumes impede the eDiscovery software market growth. Data breaches of customers can lead to a loss of customer confidence and bad publicity for organizations. Information governance is a risky affair and it deals with protecting confidential customer-related data, as security breaches can be extremely detrimental to a company’s reputation. However, the loss of internet protocol information is another risk, while a failure to respond to the right to information-requests can be a challenge for companies. Most organizations are in demand of application-generated record output, such as data from collaborative applications used in the office and SharePoint-based instant messaging. Additionally, the rising data volumes are the primary reason to increase the risk of security breaches and further challenge the growth of the eDiscovery software market. For example, In 2021, there was a substantial increase in healthcare data violations, with incidents that took down networks for weeks at a time and potentially led to disruptions of care throughout the countries such as the US. Therefore, such issues are expected to impede the growth of the market in focus during the forecast period.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this EDiscovery Software Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the eDiscovery software market between 2023 and 2027
- Precise estimation of the size of the eDiscovery software market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the eDiscovery software market across North America, Europe, APAC, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of ediscovery software market vendors
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| eDiscovery Software Market Scope | |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 12.82% |
| Market growth 2023-2027 | USD 9,309.1 million |
| Market structure | Fragmented |
| YoY growth 2022-2023 (%) | 12.5 |
| Regional analysis | North America, Europe, APAC, Middle East and Africa, and South America |
| Performing market contribution | North America at 36% |
| Key countries | US, Canada, China, Germany, and France |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Alphabet Inc., CloudNine, Commvault Systems Inc., Conduent Inc., CS Disco Inc, Deloitte Touche Tohmatsu Ltd., Epiq Systems Inc., Everlaw Inc., Exterro Inc., FTI Consulting Inc., International Business Machines Corp., Ipro Tech LLC, KLDiscovery Inc., Logik Systems Inc., Microsoft Corp., Nuix Pty Ltd., Open Text Corp., Relativity Global LLC, Veritas Technologies LLC, and Xerox Holdings Corp. |
| Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global eDiscovery software market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on global ediscovery software market 2017 – 2021 ($ million)
- 4.2 Component Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – Component Segment 2017 – 2021 ($ million)
- 4.3 Deployment Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – Deployment Segment 2017 – 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Component
- 6.1 Market segments
- Exhibit 30: Chart on Component – Market share 2022-2027 (%)
- Exhibit 31: Data Table on Component – Market share 2022-2027 (%)
- 6.2 Comparison by Component
- Exhibit 32: Chart on Comparison by Component
- Exhibit 33: Data Table on Comparison by Component
- 6.3 Solution – Market size and forecast 2022-2027
- Exhibit 34: Chart on Solution – Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Solution – Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Solution – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Solution – Year-over-year growth 2022-2027 (%)
- 6.4 Services – Market size and forecast 2022-2027
- Exhibit 38: Chart on Services – Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Services – Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Services – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Services – Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Component
- Exhibit 42: Market opportunity by Component ($ million)
- Exhibit 43: Data Table on Market opportunity by Component ($ million)
7 Market Segmentation by Deployment
- 7.1 Market segments
- Exhibit 44: Chart on Deployment – Market share 2022-2027 (%)
- Exhibit 45: Data Table on Deployment – Market share 2022-2027 (%)
- 7.2 Comparison by Deployment
- Exhibit 46: Chart on Comparison by Deployment
- Exhibit 47: Data Table on Comparison by Deployment
- 7.3 On-premises – Market size and forecast 2022-2027
- Exhibit 48: Chart on On-premises – Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on On-premises – Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on On-premises – Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on On-premises – Year-over-year growth 2022-2027 (%)
- 7.4 Off-premises – Market size and forecast 2022-2027
- Exhibit 52: Chart on Off-premises – Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Off-premises – Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Off-premises – Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Off-premises – Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Deployment
- Exhibit 56: Market opportunity by Deployment ($ million)
- Exhibit 57: Data Table on Market opportunity by Deployment ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 North America – Market size and forecast 2022-2027
- Exhibit 63: Chart on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.4 Europe – Market size and forecast 2022-2027
- Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.5 APAC – Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC – Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC – Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa – Market size and forecast 2022-2027
- Exhibit 75: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- 9.7 South America – Market size and forecast 2022-2027
- Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)
- 9.8 US – Market size and forecast 2022-2027
- Exhibit 83: Chart on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.9 Germany – Market size and forecast 2022-2027
- Exhibit 87: Chart on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.10 China – Market size and forecast 2022-2027
- Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.11 Canada – Market size and forecast 2022-2027
- Exhibit 95: Chart on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Canada – Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Canada – Year-over-year growth 2022-2027 (%)
- 9.12 France – Market size and forecast 2022-2027
- Exhibit 99: Chart on France – Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on France – Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on France – Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on France – Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 Alphabet Inc.
- Exhibit 111: Alphabet Inc. – Overview
- Exhibit 112: Alphabet Inc. – Business segments
- Exhibit 113: Alphabet Inc. – Key news
- Exhibit 114: Alphabet Inc. – Key offerings
- Exhibit 115: Alphabet Inc. – Segment focus
- 12.4 Commvault Systems Inc.
- Exhibit 116: Commvault Systems Inc. – Overview
- Exhibit 117: Commvault Systems Inc. – Product / Service
- Exhibit 118: Commvault Systems Inc. – Key offerings
- 12.5 Deloitte Touche Tohmatsu Ltd.
- Exhibit 119: Deloitte Touche Tohmatsu Ltd. – Overview
- Exhibit 120: Deloitte Touche Tohmatsu Ltd. – Business segments
- Exhibit 121: Deloitte Touche Tohmatsu Ltd. – Key offerings
- Exhibit 122: Deloitte Touche Tohmatsu Ltd. – Segment focus
- 12.6 Everlaw Inc.
- Exhibit 123: Everlaw Inc. – Overview
- Exhibit 124: Everlaw Inc. – Product / Service
- Exhibit 125: Everlaw Inc. – Key offerings
- 12.7 Exterro Inc.
- Exhibit 126: Exterro Inc. – Overview
- Exhibit 127: Exterro Inc. – Product / Service
- Exhibit 128: Exterro Inc. – Key offerings
- 12.8 International Business Machines Corp.
- Exhibit 129: International Business Machines Corp. – Overview
- Exhibit 130: International Business Machines Corp. – Business segments
- Exhibit 131: International Business Machines Corp. – Key news
- Exhibit 132: International Business Machines Corp. – Key offerings
- Exhibit 133: International Business Machines Corp. – Segment focus
- 12.9 Ipro Tech LLC
- Exhibit 134: Ipro Tech LLC – Overview
- Exhibit 135: Ipro Tech LLC – Product / Service
- Exhibit 136: Ipro Tech LLC – Key offerings
- 12.10 KLDiscovery Inc.
- Exhibit 137: KLDiscovery Inc. – Overview
- Exhibit 138: KLDiscovery Inc. – Business segments
- Exhibit 139: KLDiscovery Inc. – Key news
- Exhibit 140: KLDiscovery Inc. – Key offerings
- Exhibit 141: KLDiscovery Inc. – Segment focus
- 12.11 Logik Systems Inc.
- Exhibit 142: Logik Systems Inc. – Overview
- Exhibit 143: Logik Systems Inc. – Product / Service
- Exhibit 144: Logik Systems Inc. – Key offerings
- 12.12 Microsoft Corp.
- Exhibit 145: Microsoft Corp. – Overview
- Exhibit 146: Microsoft Corp. – Business segments
- Exhibit 147: Microsoft Corp. – Key news
- Exhibit 148: Microsoft Corp. – Key offerings
- Exhibit 149: Microsoft Corp. – Segment focus
- 12.13 Nuix Pty Ltd.
- Exhibit 150: Nuix Pty Ltd. – Overview
- Exhibit 151: Nuix Pty Ltd. – Product / Service
- Exhibit 152: Nuix Pty Ltd. – Key news
- Exhibit 153: Nuix Pty Ltd. – Key offerings
- 12.14 Open Text Corp.
- Exhibit 154: Open Text Corp. – Overview
- Exhibit 155: Open Text Corp. – Product / Service
- Exhibit 156: Open Text Corp. – Key news
- Exhibit 157: Open Text Corp. – Key offerings
- 12.15 Relativity Global LLC
- Exhibit 158: Relativity Global LLC – Overview
- Exhibit 159: Relativity Global LLC – Product / Service
- Exhibit 160: Relativity Global LLC – Key offerings
- 12.16 Veritas Technologies LLC
- Exhibit 161: Veritas Technologies LLC – Overview
- Exhibit 162: Veritas Technologies LLC – Product / Service
- Exhibit 163: Veritas Technologies LLC – Key news
- Exhibit 164: Veritas Technologies LLC – Key offerings
- 12.17 Xerox Holdings Corp.
- Exhibit 165: Xerox Holdings Corp. – Overview
- Exhibit 166: Xerox Holdings Corp. – Business segments
- Exhibit 167: Xerox Holdings Corp. – Key offerings
- Exhibit 168: Xerox Holdings Corp. – Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 169: Inclusions checklist
- Exhibit 170: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 171: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 172: Research methodology
- Exhibit 173: Validation techniques employed for market sizing
- Exhibit 174: Information sources
- 13.5 List of abbreviations
- Exhibit 175: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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