eDiscovery Market Insights: Trends, Challenges, and Opportunities 2030
The global eDiscovery market size was estimated at USD 14.99 billion in 2023 and is expected to grow at a CAGR of 10.7% from 2024 to 2030. The increasing need for organizations to preserve metadata from electronic documents is significantly driving market growth. Moreover, stringent regulatory requirements are rising constantly, and the preservation of metadata ensures that digital information remains authentic and accessible over time. This trend of data transitions from analog to digital formats, which necessitates robust eDiscovery solutions, is expected to fuel market growth in the coming years. The shift towards cloud-based services has transformed how organizations manage their data. Cloud-based E-discovery solutions offer scalability, cost-effectiveness, and ease of access compared to traditional on-premises systems. This trend is further accelerated by the growing remote work culture post-COVID-19, as companies are seeking flexible solutions that can support dis...