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(Wireless-NewsWire.Com, March 13, 2018 ) eDiscovery software solution is gaining importance with their ease of use and more competitive and straightforward pricing structure. eDiscovery solution serves the need of digital discovery for the purpose of investigative and legal matters. eDiscovery solutions and services allows the organizations to streamline their business processes. It facilitate the organization to obtain, secure and process any electronic data effectively and efficiently. eDiscovery software is a protocol of detecting, conserving, collecting and handling ESI (Electronically Stored Information). This allows all kind of data in the form of text, images, email, animation, database, audio files, computer programs, websites and spreadsheets to be presented as a proof in criminal case. eDiscovery solution are used in many industries such as government, legal sector, BFSI, IT & Telecom, energy & utilities, travel & hospitality, transportation & logistics, media & entertainment and others.
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One of the major driving factor fueling the growth of eDiscovery software is increasing adoption of eDiscovery as these solution can easily integrated with the existing architecture and can be deployed on the cloud. In addition to this there are several other factors surging the growth of eDiscovery are growing need for business intelligence (BI), forensics tools, analytics solution has increased the demand for eDiscovery solution and services, increasing volume of Electronically stored information (ESI), increasing use of eDiscovery solution in government and leading agencies for investigation process, increase in litigation, increasing acceptance of predictive coding and need for proactive solution. However, the factor hindering the growth of eDiscovery is high cost of eDiscovery. Increasing use of social media networking sites such as instagram, LinkedIn and Facebook is expected to boost the market over the forecasted period.
eDiscovery Software market is segmented on the basis of component which further includes software type and service type and further the market is breakdown as deployment type as cloud based and on – premises. Similarly, the market is further segmented on the basis of vertical as BFSI, healthcare, energy & utilities, travel & hospitality, media & entertainment, government & legal sectors, it & telecom and others.
eDiscovery Software Market Key Players
1. Accessdata
2. Exterro, Inc.
3. FTI Consulting, Inc.
4. Guidance Software, Inc.
5. Hewlett Packard Enterprise Development LP
6. IBM Corporation
7. kCura LLC
8. Nuix
9. Xerox Corporation
10. ZyLAB
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Source: EmailWire.Com 
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