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E-Discovery

Managing large volumes of digital data can be daunting, and E-Discovery is no exception. Depending on the case, this process can span multiple phases, with a wide variety of technologies to collect data. The collection phase involves gathering raw data, converting it to usable formats, and preserving digital assets without altering critical metadata. In the processing phase, teams organize data and find relevant assets for analysis. Many of these processes can be automated. E-Discovery has been an important part of litigation, however, companies can take steps to protect themselves from the ri

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E-Discovery

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  1. The Global E-Discovery Market Is Expected To Witness High Growth Owing To the IncreasingDevelopments in the Global Market by Key Players e-Discovery Market, by Solutions (Legal Hold, Early Case Assessment, Data Processing, Technology-Assisted Review, and Data Production), By Deployment Type (Cloud and On- premises), by Service Type (Consulting, Implementation, Training and Support, and Managed Services), By Verticals (Government, Banking, Financial Services, and Insurance, Healthcare, Travel and Tourism, IT and Telecom, Media and Entertainment, and Others), and by Regions - Size, Share Outlook, and Opportunity Analysis, 2018-2026. Market Overview: E-discovery refers to any information relevant to a lawsuit. The information can be in any format, including emails, hard drives, backup tapes, and more. In a legal case, it may also include other types of digital information, such as audio and video recordings. If e-discovery is required, it can be difficult to know where to begin. But with the right legal guidance, this process can be straightforward and cost-effective. Before proceeding with an e-discovery, attorneys must determine whether the information is relevant, nonprivileged, or reasonably accessible. Relevant and nonprivileged information is not permitted at trial, while privileged information is held to protect special relationships (as between an attorney and a client). Reasonable accessibility is more difficult to define. Ideally, the e-discovery should be searchable by the parties. Then, the attorneys can deliver it to those who need it. Competitive Landscape: Major players operating in the global e-discovery market include Reductech, Evichat, Allegory, Texifter, Everlaw, Onna, Congruity360, One Discovery, Veritas, DISCO, Nextpoint, Casepoint, Knovos, Thomson Reuters, Exterro, KLDiscovery, Logikcull, Nuix, Relativity, ZyLAB, Micro Focus, Deloitte, OpenText, IBM, and Microsoft. Key Market Drivers: Increasing market developments by key market players are expected to augment the growth of the global e-discovery market. For instance, in March 2020, XMedius was acquired by OpenText for US$ 75 million, in order to strengthen OpenText's position in securing data and information exchange, digital tax, and unified communications. Electronic discovery requires IT professionals, who must coordinate with the parties to the litigation, address incompatibilities in the technology, and agree on production formats and processes. Failure to get expert advice can result in wasted time and unforeseen costs. Several different technologies and formats are available, including storage devices that can be attached to a custodian machine or company servers, or collection instances that must be manually deployed. The best solution for this is to work with an IT consultant. Increasing usage of e-discovery in several sectors is estimated to enhance the growth of the global e-discovery market. Covid-19 Impact Analysis:

  2. During the OCVID-19 pandemic, the increasing incidence of cyber-attacks and thefts restrained the growth of the global e-discovery market. For instance, the Federal Bureau of Investigation (FBI), has got reports of around 12,377 COVID-19 related scams during the COVID-19 peak phases. Key Takeaways: •The global e-discovery market is expected to grow at a CAGR of 6.6%, owing to the increasing market developments by key manufacturers. For instance, in May 2021, Proofpoint and Relativity partnered o enhance the former's company archiving, with the help of the latter's AI communication platform, called Relativity Trace. •North America is expected to dominate the growth of the global e-discovery market, owing to the increasing acquisitions and strategies taken by key players in the region. For instance, in September 2020, ZyLAB announced the accessibility of the ZyLAB Insight on the company's eDiscovery platform. •The Asia Pacific is estimated to witness high growth in the global e-discovery market, owing to the increasing prevalence of BFSI and high-tech companies in the region. Moreover, increasing investments in advancements in the technology sector in the region are assessed to boost the growth.

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