What is the current Electronic Discovery Market size?

The Electronic Discovery Market is projected to register a CAGR of 9.5% during the forecast period (2024-2029) Read More

Who are the key players in Electronic Discovery Market?

IBM Corporation, Microsoft, Deloitte, Logikcull and Xerox Corporation are the major companies operating in the Electronic Discovery Market. Read More

Which is the fastest growing region in Electronic Discovery Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electronic Discovery Market?

In 2024, the North America accounts for the largest market share in Electronic Discovery Market. Read More

What years does this Electronic Discovery Market cover?

The report covers the Electronic Discovery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electronic Discovery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electronic Discovery Market Size & Share Analysis - Industry Research Report

Electronic Discovery Industry Overview

The electronic discovery market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. In March 2017, IBM revealed that it planned on updating the discovery service of its artificial intelligence-powered platform, Watson, with an expansion of its eDiscovery and business research technology. Watson Discovery Service enabled developers to implement a machine learning model in their search tools, which allowed the tools to understand how certain language terms are related on a deeper level. The service enabled developers to create search and e-discovery tools using Watson's technology, which comprehended language and data on an almost human level.