e-Discovery Software Publishing in the US - Industry Market Research Report

e-Discovery Software Publishing in the US - Industry Market Research Report

e-Discovery Software Publishing in the US

Engineers in the e-Discovery Software Publishing industry are essential for legal firms and corporations to produce evidence from electronically stored information (ESI). This software aggregates data from e-mails, text documents, databases, audio and video files, social media and websites. Increasing regulations regarding the retention, modification and deletion of ESI have prompted many companies to seek e-discovery software to assure legal compliance. Simultaneously, many companies use e-discovery software to handle internal disputes and information leakage. An explosion in the volume of data sent over the internet has also bolstered interest in e-discovery products. Both factors helped developers prosper for much of the period, despite a decline in 2020 due to COVID-19. Overall, revenue is estimated to increase at an annualized rate of 5.7% to $2.9 billion over the five years to 2023, including a 5.9% increase in 2023. Profit has also been strong in recent years, reaching 18.9% in 2023 and encouraging new companies to enter the ring and expand their workforces.

Electronic discovery (e-discovery) refers to any process through which electronic data is searched, located and secured for use as evidence in a court of law. In the United States, this industry includes operators that develop software-based e-discovery platforms. In addition to software development, some operators provide technical support and services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.