e-Discovery Consulting Services in the US - Industry Market Research Report

e-Discovery Consulting Services in the US - Industry Market Research Report
e-Discovery Consulting Services in the US

Operators in the e-discovery consulting services industry meet with legal professionals, government officials and other businesses to assist in data management and data collection on their systems. In addition, e-discovery services enable companies to process and compile data, which can be used in litigation or government investigations. Over the past five years, consumers and businesses' rapidly increasing use of digital systems has spurred demand for services, albeit interrupted by a decline in demand because of a decline in corporate profit in 2020 amid the pandemic. Over the past five years, revenue has grown at a CAGR of 3.2% to $6.1 billion, including an expected 3.2% increase in 2023. Profit is expected to slump to 6.4% of revenue in 2023 from 6.7% in 2018.

This industry provides e-discovery services, usually for software and systems integration, that search, locate and secure data to use as evidence in court. Industry operators provide e-discovery consulting services, including collecting, processing and reviewing data, to end users like law firms, corporations, hospitals and government agencies. This industry excludes e-discovery software publishing, although some consulting firms may also develop their own software.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.