Global E-Discovery Market: Market Analysis by Knowledge Sourcing Intelligence
The global eDiscovery market was valued at US$8.399 billion in 2017 and is expected to grow at a CAGR of 11.35% over the forecast period to reach a market size of US$16.007 billion by 2023. The penetration of electronic discovery tools coupled with advanced technologies enables the firms to make better decisions for improving the organizational efficiency by getting better insights into data. However, this is further increasing the amount of data being generated across the various industry verticals, which increases the volume of ESI in various organizations and thus, is expected to drive the demand for eDiscovery solutions during the forecast period. Simultaneously, rising penetration of IoT across major industry verticals is also increasing the volume of data which is further increasing the adoption of eDiscovery solutions. Furthermore, among the end users, the demand for eDiscovery solutions by law enforcement agencies...