EDiscovery Infrastructure Market [+Generative AI Impact Analysis], 2023-2033

The EDiscovery Infrastructure Market size is expected to reach USD 27.4 billion, exhibiting an impressive CAGR of 8.7% between 2022 and 2032, from its current value of USD 11.2 billion in 2022. The growth of the market is attributed to the increasing adoption of cloud-based eDiscovery solutions, rising data breaches, and increasing government regulations.

Cloud-based eDiscovery solutions offer several benefits over on-premises solutions, such as reduced cost, increased scalability, and improved security. Cloud-based solutions also allow organizations to access their data from anywhere, which is essential for organizations with remote employees.

Rising data breaches are another major factor driving the growth of the eDiscovery infrastructure market. Organizations are increasingly investing in eDiscovery solutions to protect themselves from data breaches and to comply with government regulations.

Government regulations, such as the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act (HIPAA), are also driving the growth of the eDiscovery infrastructure market. These regulations require organizations to maintain electronic records and to be able to produce them in response to a legal request.

The eDiscovery infrastructure market is segmented by component, deployment type, organization size, vertical, and region. By component, the market is segmented into software and services. The software segment is further segmented into eDiscovery platforms, eDiscovery suites, and eDiscovery tools. The services segment is further segmented into consulting services, implementation services, and training services.

By deployment type, the market is segmented into cloud-based and on-premises. The cloud-based segment is expected to grow at a higher rate during the forecast period. This is due to the increasing adoption of cloud-based solutions by organizations of all sizes.

By organization size, the market is segmented into small and medium-sized businesses (SMBs) and large enterprises. The large enterprises segment is expected to hold a larger share of the market during the forecast period. This is due to the increasing demand for eDiscovery solutions by large enterprises to comply with government regulations and to protect themselves from data breaches.

By vertical, the market is segmented into BFSI, IT and telecom, healthcare, government and public sector, legal, and others. The BFSI vertical is expected to hold a larger share of the market during the forecast period. This is due to the increasing regulatory requirements in the BFSI sector.

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share of the market during the forecast period. This is due to the early adoption of eDiscovery solutions by organizations in the region.

The key players in the eDiscovery infrastructure market are IBM Corporation, Microsoft Corporation, Open Text Corporation, Dell EMC, Guidance Software, Catalyst, Nuix, Conduent, Inc., and FTI Consulting. These players are focusing on developing innovative solutions and expanding their geographic reach to gain a competitive advantage in the market.