Global eDiscovery market to grow at a CAGR of 15.56% During 2015
Global eDiscovery Market 2011-2015, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the market landscape of the Global eDiscovery Market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the key factors contributing to this market growth is the increasing number of civil litigation cases. The Global eDiscovery market has also been witnessing the increase in market consolidation. However, the increasing initial and associated cost of eDiscovery processes could pose a challenge to the growth of this market.
The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from IT Security team said: ”As the adoption and popularity of eDiscovery solutions are increasing, large enterprises are acquiring pure-play vendors to enter the market. This helps these large enterprises increase their presence in various technology markets, gain technological expertise, and enhance their product portfolios. Several large vendors such as HP and Symantec have adopted such acquisition strategies, and this trend is expected to continue in the future.”
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According to the report, as the amount of electronically stored information (ESI) is growing exponentially, organizations and individuals with global business operations are required to follow record management policies mandated by different regulatory bodies. This has led to an increasing number of civil litigation cases, which is driving the demand for eDiscovery solutions.
Further, the report reveals that the main challenge faced by the market is the increasing initial and associated costs of the eDiscovery process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The key vendors dominating this market space are FTI Technology LLC, Hewlett-Packard Co., Symantec Corp., and ZyLAB Technologies.
The other vendors mentioned in the report are AccessData Group, LLC., Anacomp Inc., CA Technologies, CommVault Inc., EMC, Guidance Software, IBM, LexisNexis, Mimosa Systems Inc., PSS Systems Inc., and Recommind Inc.