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E-Discovery Market by Solution, Service, Deployment Type, and Vertical - Global Forecast to 2021

This Report provided by GrandResearchStore is about, the global E-Discovery market to grow from USD 7.89 billion in 2016 to USD 22.62 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.4%. The E-Discovery market is growing rapidly as the business environment is getting increasingly litigious, due to global increase in difficult conditions for businesses.

E-Discovery Market by Solution, Service, Deployment Type, and Vertical - Global Forecast to

E-Discovery Market by Solution (Legal Hold, Early Case Assessment, Data Processing, Data Production), Service (Consulting, Implementation, Training & Support, Managed), Deployment Type (CLOUD, On-premises), and Vertical - Global Forecast to 2021 Published On : November 2016 Category : ICT Media Pages : 137 pages Contact : International : (+1) 646 781 7170 help@grandresearchstore.com Report Description: “The global increase in litigations is driving the growth of the E-Discovery market” MarketsandMarkets estimates the global E-Discovery market to grow from USD 7.89 billion in 2016 to USD 22.62 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.4%. The E-Discovery market is growing rapidly as the business environment is getting increasingly litigious, due to global increase in difficult conditions for businesses. However, factors such as lack of awareness about E-Discovery is the major restraint in the overall growth of the market. “Data processing solutions to have the largest market size in 2021” Data processing solutions segment is estimated to have the largest market size in 2021, owing to the increase in data production around the world. Massive data growth rates result in an increase in the amount of electronic documents being generated, which are used during litigations. The growth in data processing would also be due to the massive increase in social media communication resulting in data proliferation. Other factors responsible for its largest market share include benefits such as reduction in document maintenance costs, as well as simplification and consolidation of a variety of document formats.

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