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eDiscovery Market-$17.3 Billion-Global Forecast to 2023

 

The global eDiscovery market is estimated to grow USD 10.76 Billion in 2018 and expected to reach USD 17.32 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period.

What is eDiscovery?

Discovery in the U.S. is a legal process that involves collecting and producing evidence in litigation or an investigation. In today’s modern business world, these documents have gone from file cabinets to file folders on desktops, mobile devices and servers. Identifying and producing all this Electronically Stored Information (ESI) is now commonly referred to as eDiscovery.

 

Electronic discovery (also e-discovery or ediscovery) refers to discovery in legal proceedings such as litigation, government investigations, or Freedom of Information Act requests, where the information sought is in electronic format (often referred to as electronically stored information or ESI). Electronic discovery is subject to rules of civil procedureand agreed-upon processes, often involving review for privilege and relevance before data are turned over to the requesting party.

Electronic information is considered different from paper information because of its intangible form, volume, transience and persistence. Electronic information is usually accompanied by metadata that is not found in paper documents and that can play an important part as evidence (e.g. the date and time a document was written could be useful in a copyright case). The preservation of metadata from electronic documents creates special challenges to prevent spoliation. In the United States, electronic discovery was the subject of amendments to the Federal Rules of Civil Procedure (FRCP), effective December 1, 2006, as amended on December 1, 2015.In addition, state law now frequently also addresses issues relating to electronic discovery. Other jurisdictions around the world also have rules relating to electronic discovery, including Part 31 of the Civil Procedure Rules in England and Wales.

The Steps to Proper eDiscovery

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Source:

  1. https://www.prnewswire.com/news-releases/17-3-billion-ediscovery-market—global-forecast-to-2023–300668568.html
  2. image: https://prudentialassociates.com/e-discovery/

 

 

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