It is estimated that the eDiscovery software market size will grow by USD 9 billion by 2023.According to Technavio, the market is expected to grow by 30 billion from 2022 to 2027. There is an expectation that the market will grow at a CAGR of 12 percent over the next few years.Over the forecast period, the percentage is expected to be 82%. As well as that, the growth momentum will continue to progress. A trend emerging in the global eDiscovery software market is the automation and processing of social media data and collaboration tools as part of the eDiscovery process. In order to assist enterprises with the selection, execution, configuration, and continuous monitoring of tools, different vendors offer solutions that they can use. It goes without saying that the enforcement and notification of business rules regarding sensitive data usage, as well as controlling and monitoring for possible data loss via social media channels, are also included in this process. Due to an increasing number of discovery requests for producing electronically stored information (ESI) through these platforms, companies are now using collaborating tools and platforms in order to produce ESI for these requests. It is particularly important for these collaborative tools to include advanced analytics so that data can be extracted from them. It is anticipated that over the forecast period, the increasing demand for analyzing and automating a large amount of data obtained from collaborative tools will drive the growth of the global eDiscovery software market.. Request a sample report if you would like to know more about the historic market size (2017 to 2021) and the forecast market size (2023 to 2027)
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eDiscovery Software Market - Segmentation AssessmentTechnavio has analyzed the market in terms of components (Solutions and Services), deployments (On-Premises and Off-Premises), as well as geography (North America, Europe, APAC, Middle East and Africa, South America, and the Middle East and Africa). 
A brief description of the global eDiscovery software market can be found in the following sections: North America, Europe, Asia Pacific, Middle East and Africa, and South America. In addition to providing actionable insights, the report also estimates the contribution of all regions to the growth of the global eDiscovery software market.
The market for eDiscovery Software - Market Dynamics
The key driver of the business

Source prnewswire