PUBLISHER: IMARC | PRODUCT CODE: 1660732
PUBLISHER: IMARC | PRODUCT CODE: 1660732
The global eDiscovery market size reached USD 14.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 27.2 Billion by 2033, exhibiting a growth rate (CAGR) of 6.96% during 2025-2033. The market is experiencing steady growth driven by the escalating volumes of electronically stored information (ESI) and the stringent legal and regulatory frameworks, the increasing incidence of litigation and compliance requirements across industries, and continuous technological advancements in artificial intelligence (AI) and cloud computing.
eDiscovery, or electronic discovery, is the process of collecting, analyzing, and producing electronically stored information (ESI) in the context of legal investigation or lawsuit. ESI can include emails, voicemails, instant messages, documents, presentations, databases, audio and video files, social media posts, and other electronic data. The eDiscovery involves identifying, collecting, processing and analyzing, reviewing, and producing ESI for legal proceedings. eDiscovery allows parties involved in legal proceedings to identify and gather relevant digital data in a timely and efficient manner. In addition, it also improves the speed and accuracy of document review, reduces costs, and helps organizations meet their legal obligations while gaining valuable insights.
The exponentially growing volumes of digital data due to rapid digitization and widespread adoption of Internet of Things (IoT)-enabled devices and cloud computing systems represent one of the primary factors driving the market growth. Besides this, the proliferation of mobile devices such as smartphones and tablets, the easy availability of low-cost and high-speed internet connectivity, and the expanding social media channels are creating a favorable outlook for the market. Moreover, the rising demand for Discovery solutions that can ensure data privacy and security owing to the increasing volume of electronically stored information (ESI) and escalating concerns regarding data security among various enterprises, is contributing to the market growth. In line with this, the increase in the number of civil litigations, regulatory investigations, and criminal cases across the globe is acting as another significant growth-inducing factor. In addition to this, the implementation of numerous compliance requirements and data protection regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), is presenting remunerative growth opportunities for the market. Furthermore, rapid technological advancements, such as the integration of artificial intelligence (AI), predictive coding, and big data analytics in eDiscovery for more efficient and accurate discovery processes, are positively impacting the market growth.