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1624487

2024 年至 2031 年按組件、部署類型、組織規模、垂直和地區劃分的電子取證市場

E-Discovery Market By Component (Solutions, Services), Deployment Type (Cloud, On-premises), Organization Size, Vertical (BFSI, IT & Telecom, Government & Public Sector), & Region for 2024-2031

出版日期: 2024年09月07日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

電子取證市場估值，2024 年至 2031 年

在 COVID-19 疫情期間，電子取證解決方案的免費計劃訂閱用戶數量激增，預計免費期結束後用戶將轉向付費計劃，從而推動電子取證解決方案的採用。此外，資料使用量的增加以及人工智慧和自動化等技術正在推動企業採取適當的資料保護和管理措施。年將達到約224.8億美元。

此外，使用雲端服務的組織發現敏感資料是資料竊取的潛在來源。為了解決這個問題，許多公司正在採用安全強化的雲端 SaaS 平台來減少可發現的資料。律師事務所也越來越有效率地審查這些數據，從而推動了對電子取證的需求。因此，2024 年至 2031 年期間市場將以 10.60% 的複合年增長率成長。

電子取證市場定義/概述

電子證據開示是根據訴訟或調查請求識別、收集和產生電子儲存資訊 (ESI) 的過程。 ESI 包括電子郵件、文件、簡報、資料庫、語音郵件、音訊和視訊檔案、社交媒體、網站等。由於創建和儲存的電子資料量龐大，電子取證所涉及的流程和技術非常複雜。由於電子文檔更具動態性且通常包含元數據，因此保存原始內容和元數據對於防止訴訟中被指控破壞或篡改至關重要。

EDRM 是一個綜合框架，旨在協助組織進行電子發現過程，包括九個不同的階段。 EDRM 是一種管理與電子取證相關的風險和成本的策略，從電子取證的創建到最終處置。電子取證解決方案透過在不同的數位環境中定位相關數據並將其儲存為可匯出的格式以供審查，加快訴訟、合規和監管回應。

此外，電子資料展示解決方案已從本地軟體發展到託管大量資料的雲端和 SaaS 平台。由於數據需求的不斷增加，這些平台已經成長並成熟。數據分析技術進步、人工智慧整合、增強雲端技術、預測模型和數據的指數增長將決定電子取證的未來。

保存電子文檔的元資料如何促進電子證據開示的採用？

保存元資料是數位保存策略的重要組成部分，包括數位管理、電子發現和數位收藏管理。元資料提供有關數位物件的來源、真實性和環境的上下文信息，確保其生存和持續可訪問性。隨著越來越多的信息從類比格式轉變為數位格式，保存元資料對於記錄數位物件的真實性和維護跨格式的可用性至關重要。元資料是資料生命週期的重要組成部分，確保數位資訊的長期保存。元資料保存對於推動電子發現至關重要，它可確保整個發現過程的真實性、效率、合規性、分析能力和透明度，從而推動市場成長。

對網路安全的不斷增長的需求在市場成長中發揮著重要作用。印度電子和資訊部國務部長拉吉夫·錢德拉謝卡爾 (Rajeev Chandrashekhar) 表示，網路安全對於企業順利運作至關重要，但 2016 年至 2021 年間資料外洩和網路攻擊增加了 600%。 2020-21年，印度發生了11,58,208起網路安全事件。資料安全越來越受到關注，尤其是對於弱勢政府而言。隨著新冠肺炎疫情爆發並推動數位化進程，安全專家警告稱，網路攻擊將變得更加普遍。 2020-2021年，共進行培訓計畫15期、17期，培訓人數分別達708人及4,801人次。薩蒂亞·納德拉 (Satya Nadella) 領導的微軟報告稱，其 92% 的伺服器已修補並減輕了網路威脅。

智慧型手機使用量的不斷增長也推動了市場的發展，全球有 32 億人使用智慧型手機，超過 50 億人擁有行動設備，1940 億人下載行動應用程式。這促使互聯網用戶數量增加以及對智慧型設備和基於雲端的服務的需求不斷增長。基於雲端的服務提供更快的部署時間、安全的資料傳輸、快速的可擴展性以及降低的基礎設施、能源和資本成本，從而擴大電子發現市場的機會。

電子取證實施和維護的高投資成本是否會限制其採用？

電子取證的成本相當高且持續上升，特別是在中型到大型訴訟中。每個案件的平均成本在 250 萬美元到 350 萬美元之間，公司面臨巨大的財務壓力，需要優化其電子取證流程並降低成本。新冠疫情加速了通訊平台的使用，促使需要處理和審查的數據量激增，加劇了這些課題。

資料量和複雜性的增加，加上預算的削減，對公共和私營部門的有效電子取證構成了重大課題。強大的資料管理和法律發現流程至關重要，但預算削減限制了獲得基本技術和熟練人才的機會。這種限制阻礙了組織有效處理訴訟或法規遵循所需的大規模資料發現工作的能力。

資料量的急遽成長，加上新文件類型和資料來源的出現，進一步增加了電子證據蒐集工作的複雜性。現代科技進步不斷引入各種資料格式，從結構化資料庫到非結構化的社群媒體貼文和聊天應用程式對話。管理這種多樣化的數據需要能夠有效處理、分析和提取相關資訊的先進電子數據展示工具。

During the COVID-19 pandemic, eDiscovery solutions experienced a surge in free plan subscribers, with users expected to switch to paid plans after their free period, thus boosting the adoption of eDiscovery solutions. Also, rise in the data usage and technologies like AI and automation leads to the companies to ensure adequate data protection and management which is driving the market size surpass USD 10.79 Billion valued in 2024 to reach a valuation of aroundUSD 22.48 Billion by 2031.

In addition to this, Organizations using cloud services have been finding sensitive data, a potential source of data theft. To address this issue, many companies have adopted cloud SaaS platforms with enhanced security, resulting in less discoverable data. Legal firms are also efficiently reviewing this data, boosting demand for eDiscovery, this enables the market to grow at aCAGR of 10.60% from 2024 to 2031.

E-Discovery Market: Definition/ Overview

Electronic discovery is the process of identifying, collecting, and producing electronically stored information (ESI) in response to a law suit or investigation request. ESI includes emails, documents, presentations, databases, voicemail, audio and video files, social media, and web sites. The processes and technologies involved in e-discovery are complex due to the volume of electronic data produced and stored. Electronic documents are more dynamic and often contain metadata, making it crucial to preserve the original content and metadata to prevent claims of spoliation or tampering with evidence in litigation.

EDRM is a comprehensive framework designed to assist organizations in the eDiscovery process, consisting of nine distinct stages. The strategy for organizations to manage risks and expenses related to eDiscovery, from its creation to its final disposal. It ensure the collection and preservation of Electronic Signatures (ESI) to prevent any inappropriate or accidental alteration or destruction during the eDiscovery process. eDiscovery solutions expedite litigation, compliance, and regulatory responses by locating relevant data across various digital environments and preserving it in exportable formats for review.

Also, eDiscovery solutions have evolved from local software to cloud-based and SaaS platforms, hosting vast data volumes. These platforms have grown and matured due to increasing data demands. The future of eDiscovery will be shaped by technological advancements in data analysis, artificial intelligence integration, cloud technology enhancements, predictive modeling, and the exponential growth in data.

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How will Preservation of Metadata from Electronic Documents Increase Adoption of E-Discovery?

Preservation metadata is a crucial component of digital preservation strategies, such as digital curation, eDiscovery, and digital collections management. It provides context information about a digital object's provenance, authenticity, and environment, ensuring its viability and continued access. As more information migrates from analog to digital form, preservation metadata is essential for documenting the authenticity of a digital object and maintaining usability across formats. It is an essential part of the data lifecycle, ensuring the long-term preservation of digital information. Preservation of metadata is essential for driving eDiscovery forward by ensuring the authenticity, efficiency, compliance, analytical capabilities, and transparency of the entire discovery process, which is enabling the growth of the market.

Rising demand for cybersecurity is playing major role in growth of the market. Cybersecurity is crucial for smooth business operations, but there has been a 600% increase in data breaches and cyberattacks from 2016 to 2021, according to Rajeev Chandrashekhar, Minister of State for Electronics and Information. In 2020-21, India had 11,58208 cyber security incidents. Data security is a growing concern, especially for vulnerable governments. With increasing digitalization following the COVID-19 pandemic, security experts warn that cyberattacks will become more prevalent. Between 2020 and 2021, 15 and 17 training programs were conducted, with 708 and 4,801 participants, respectively. Microsoft, led by Satya Nadella, reported that 92% of servers had been patched and mitigated for cyber threats.

Increasing usage of smartphone is another key driver of the market, with 3.2 billion people worldwide using smartphones, over 5 billion owning mobile devices, and 194 billion downloading mobile apps. This has led to an increase in internet users and a high demand for smart devices and cloud-based services. Cloud-based services offer reduced implementation time, secure data transfer, quick scalability, lower infrastructure, energy, and facility costs, and increase opportunities for the eDiscovery market.

Will High Investment Costs Due to the Installation and Maintenance of E-Discovery Restrain Its Application?

The cost of eDiscovery, particularly for medium to large lawsuits, is substantial and continues to rise. With average costs ranging from USD 2.5 to 3.5 million per case, organizations face immense financial pressure to optimize their eDiscovery processes while containing expenses. The COVID-19 pandemic has exacerbated these challenges by accelerating the use of communication platforms, leading to a surge in data volumes that require processing and review.

In the face of increasing data volumes and complexity, budget cuts present a significant challenge to effective eDiscovery in both public and private sectors. Despite the critical need for robust data management and legal discovery processes, reduced funding limits access to essential technologies and skilled personnel. This constraint hampers organizations' ability to efficiently handle large-scale data discovery tasks required for litigation or regulatory compliance.

The exponential growth in data volume, coupled with the emergence of new file types and data sources, further complicates eDiscovery efforts. Modern technological advancements continuously introduce diverse data formats, from structured databases to unstructured social media posts and chat app conversations. Managing this variety demands sophisticated eDiscovery tools capable of processing, analyzing, and extracting relevant information efficiently.

Category-Wise Acumens

Which Factors Contribute to the Dominance of Services Segment in E-Discovery Market?

Services segment is currently dominating eDiscovery market. Consulting services play a pivotal role in the eDiscovery market, offering expertise in analyzing current Governance, Risk, and Compliance (GRC) programs and developing strategic roadmaps for effective software solutions. These services are tailored to address specific user pain points, goals, and timelines, ensuring alignment with technology capabilities and HR resources.

Service providers emphasize consulting to help organizations implement new methodologies aimed at identifying and capitalizing on additional revenue streams. By defining deployable use cases, consulting services enable businesses to enhance operational efficiency and achieve better overall business performance.

Integration services are increasingly essential as companies encounter complexities in deploying eDiscovery solutions. Seamless integration with existing IT infrastructure is critical for ensuring the smooth operation of these applications, mitigating interoperability challenges often posed by diverse hardware offerings from multiple vendors.

The services segment, dominated by consulting and integration services, leverages teams of consultants equipped with deep domain knowledge and technical proficiency. This expertise is instrumental in guiding organizations through the successful implementation and integration of GRC and eDiscovery solutions, thereby driving overall market growth and enhancing operational effectiveness.

Which Factors Enhance the Use of E-Discovery in BFSI (Banking, Financial Services, and Insurance)?

The BFSI (Banking, Financial Services, and Insurance) sector dominates the eDiscovery market due to its extensive use of data for customer transactions, regulatory compliance, and risk management. Financial institutions generate and manage vast amounts of electronic data daily, ranging from customer records to financial transactions, all of which require meticulous management and scrutiny during litigation processes.

eDiscovery solutions are indispensable for the BFSI sector to comply with stringent legal and regulatory requirements. These include responding to subpoenas, conducting internal investigations, and ensuring data integrity during audits and litigation. The sector's emphasis on data security and confidentiality further drives the adoption of robust eDiscovery technologies.

eDiscovery providers tailor solutions to address the unique needs of the BFSI sector, offering secure, scalable platforms that ensure compliance with data privacy laws and industry standards. These solutions integrate advanced analytics and AI-driven capabilities to expedite document review processes and enhance decision-making accuracy, reinforcing the BFSI sector's dominance in the eDiscovery market.

Country/Region-wise Acumens

Will China's IT Growth and Policy Support Drive the Growth of the E-Discovery Market in Asia Pacific?

Asia Pacific dominating eDiscovery market by contributing largest share .China's robust IT infrastructure and government policies supporting technological integration fuel significant demand for eDiscovery solutions in the Asia Pacific region. The country's proactive stance in business continuity during events like the COVID-19 pandemic has further accelerated adoption across various sectors, including banking and financial services.

Also, in Japan, strong government support and technological innovations, such as AI-driven solutions like Bebot for real-time updates, bolster the eDiscovery market. This environment encourages organizations to enhance corporate governance and risk management strategies, driven by the need to combat increasing cyber threats and ensure regulatory compliance.

The Asia Pacific region sees a rise in cyberattacks and cybercrimes, compelling organizations to invest in robust eDiscovery solutions to mitigate risks and manage legal challenges effectively. This trend is particularly pronounced in countries like India, where the surge in online activities due to COVID-19 has accelerated the adoption of automation and connectivity intelligence technologies.

The Asia Pacific, including BFSI, is leading in adopting eDiscovery solutions to meet regulatory requirements set by authorities like the China Banking Insurance Regulatory Commission (CBIRC). Partnerships like the Bank of China and Wolters Kluwer demonstrate the region's commitment to enhancing operational efficiency and compliance.

Will an Increase in Governmental and Regulatory Mandates in North America Mature E-Discovery Market?

North America is experiencing rapid growth in the eDiscovery market, driven by escalating data threats and increasing governmental and regulatory mandates. Businesses across various sectors are investing significantly in electronic discovery solutions to safeguard sensitive information and ensure compliance with stringent data security regulations.

Key players in the North American eDiscovery market are ramping up investments in research and development, acquisitions, and partnerships. These initiatives are aimed at developing advanced eDiscovery solutions that enhance data protection capabilities, streamline compliance processes, and improve overall operational efficiency for organizations across sectors. For instance, In March 2023, Gimmal and CloudNine partnered to provide a comprehensive, streamlined solution for the complete EDRM model, including four small paragraphs with ChatGPT lines.

Also, in North America, adoption of eDiscovery solutions is particularly pronounced in the government and public sector. The sector faces persistent cyber threats aimed at accessing strategic information for financial gain. Incidents like the U.S. defense outsourcers breach by Russian hackers highlight the critical need for robust eDiscovery tools to protect sensitive government data from unauthorized access and breaches.

Competitive Landscape

The competitive landscape of the eDiscovery market is characterized by a diverse array of vendors offering comprehensive solutions tailored to meet the evolving needs of businesses across various industries. These vendors differentiate themselves through advanced technological capabilities, such as AI-driven analytics, cloud-based platforms for scalability, and robust data security measures. Market competitiveness is further shaped by strategic initiatives including partnerships, mergers, and acquisitions aimed at expanding service offerings and enhancing market presence. As organizations increasingly prioritize efficient data management, regulatory compliance, and litigation readiness, competition in the eDiscovery market continues to drive innovation and the development of tailored solutions to meet these critical needs. Some of the prominent players operating in the E-Discovery market include:

IBM Corporation

Microsoft Corporation

OpenText Corporation

Relativity

FTI Consulting, Inc.

Nuix

kCura LLC

AccessData Group LLC

Exterro Inc.

Zapproved LLC

Veritas Technologies LLC

Micro Focus International plc

Commvault Systems, Inc.

Epiq Systems, Inc.

Ricoh Company, Ltd.

Catalyst Repository Systems, Inc.

Lighthouse eDiscovery

Casepoint LLC

ZyLAB Technologies

Logikcull, Inc.

Latest Developments

In February 2022, CS DISCO has acquired Congruity 360, LLC's legal workflow products, Hold360 and Request360, along with regulatory and alert solutions. These products provide a digital solution for corporate legal hold requirements and demand compliance, collaborating with CS DISCO's cloud-based electronic discovery platform.

In August 2021, CloudNine has acquired ESI Analyst, a new standard for file types like chat, audio, social media, text, computer activity, and financial data. The acquisition confirms CloudNine's commitment to cutting costs and risk by investing in high-value product offerings for customers and the market. The acquisition and hiring of 50% more employees further demonstrate CloudNine's commitment to customer challenges throughout the EDRM lifecycle.