eDiscovery Software Market to Exhibit 17.36% CAGR to 2020
PUNE, India, July 8, 2016 /PRNewswire/ --
Global eDiscovery software market share is dominated by Americas with a 61.15% share in 2015 and a value of 1.32 billion, followed by EMEA holding 25.37% eDiscovery software market share and a value of $550 million in 2015. A trend influencing market growth is the high demand for dynamic document solutions. The increased use of mobile devices and availability of database management software and enterprise content management software have helped organizations create rich content. Nowadays, organizations rely heavily on digital media and increasingly adopt office document solutions that help generate rich media to provide better information and create engaging content. This is causing organizations to shift from static documents to dynamic documents, which are interactive with embedded buttons, calculations, links, and content such as images, videos, illustrations, web pages, and forms.
Complete report on ediscovery software market spread across 58 pages, analyzing 6 major companies and providing 30 data exhibits is now available at http://www.reportsnreports.com/reports/610212-global-ediscovery-software-market-2016-2020.html.
The analysts forecast global ediscovery software market to grow at a CAGR of 17.36% during the period 2016-2020. According to the ediscovery software market report, a key growth driver is the increased volume of electronic data. Enterprises generate data from various sources such as enterprise applications, social networks, web-based searches, and cloud-based applications. It is practically impossible for big organizations to analyze large volumes of data on a daily basis without using advanced technology. With the huge volume of data at hand, organizations are looking to make the best use of raw data and convert them into useful information to help in their decision-making process.
In this report covers the present scenario and growth prospects of the global eDiscovery software market for 2016-2020. To calculate the market size, the report considers revenue generated from the sale of the software. Based on deployment, the software is divided into on-premises and off-premises. Against the background of the rapidly evolving dynamics or changing aspects of business, it has become essential for organizations worldwide to innovate continuously and keep revising their existing business models and enterprise infrastructure. In the present scenario, enterprises are in greater demand for the integration of different systems.
The following companies are the key players in the global ediscovery software market: FTI Consulting, HP, IBM, kCura, Nuix, and Symantec. Other prominent vendors in the market are: ABBYY, EMC, Exterro, MetricStream, CMO Software, Enablon, Gimmal, OpenText, and Oracle. Order a copy of Global eDiscovery software Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=610212.
The ediscovery software market in the Americas was valued at USD 1.32 billion in 2015. Many organizations in the Americas have shifted toward mobile content delivery models and are highly dependent on mobile devices to market products. This drives the need for specialized solutions, providing archival and storage services for digital information. The ediscovery software market in EMEA was valued at USD 550 million in 2015. Government organizations in EMEA are looking for a single-platform solution that offers seamless, secure, and collaborative workflow. With the rising volume of digital information, organizations are offering social interaction platforms that need to be governed and monitored securely. The ediscovery software market in APAC was valued at USD 291.2 million in 2015. Australia, New Zealand, Japan, China, and India are some of the fastest-growing regions in APAC. Market drivers in the region include rising pressure on vendors to integrate multiple processes and the growing need to manage digital assets.
Another related report is Global Enterprise Information Management Market 2016-2020, According to the report, a key growth driver is the increased need to comply with regulatory requirements. Organizations are subject to follow regulatory requirements to manage corporate data. Governments worldwide are enforcing acts and policies such as Sarbanes-Oxley Act (SOX) in the US, the Health Insurance Portability and Accountability Act (HIPAA) in the US, and data breach notification laws that companies need to comply for conducting business effectively. Browse complete report @ http://www.reportsnreports.com/reports/610224-global-enterprise-information-management-market-2016-2020.html.
Explore other new reports on IT & Telecommunication Market @ http://www.reportsnreports.com/market-research/information-technology/.
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