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E-discovery: A New Era In Investigation
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E-discovery (electronic discovery) deals with the electronic aspect of identifying, producing and collecting Electronically Stored Information (ESI) for the purpose of investigation. Acceptance of predictive coding across end users is contributing to the demand of e-discovery across the globe. However, high cost associated with e-discovery solutions and servicesand contradiction between data protection and e-discovery are the factors restraining the growth.
On the geographical front,North America accounted for the largest market share in terms of revenue for the e-discovery market in 2016 followed by Europe. North America is expected to dominate the market during the forecast period owing to high adoption of cloud based technology in the region. Asia Pacific is expected to be the fastest growing region for the global e-discovery market during the forecast period owing to technological developments in the field of analytics and cloud as well as emergence of mobile technologies.
Acceptance of predictive coding across end users is contributing to the growth of the global e- discovery market during the forecast period. Predictive coding technique involves searching a keyword, sampling and filtering to automate e-discovery document review. Moreover, it reduces the number of non-responsive and irrelevant documents that are needed to be reviewed manually.Predictive coding is considered to be next revolution in e-discovery for legal applications. Furthermore, market players such as Equivio andRecommind, Inc. launch e-discovery products(such as Axcelerate) that provide support for predictive coding therefore adding growth in the global e- discovery market during the forecast period.
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