eDiscovery Market: Globally Evolving Trends and Deployment Models Analysis

What are the ongoing trends in the digital discovery domain?

As we continue to evolve into a digital world, advancements in technology have influenced the progression of legal procedures. This progress and change have given rise to the modification in the field of eDiscovery, introducing new trends that redefine its scope. Organizations globally are adopting predictive coding and advanced analytics, increasing the use of Artificial Intelligence (AI) and Machine Learning (ML) to enhance efficiency and accuracy. Mobile eDiscovery has also gained traction due to the surge in mobile data usage, fostering an environment for remote working arrangements which were largely influenced by the recent pandemic.

How is the eDiscovery market adapting to global changes?

Global transformations, including regulatory changes and the rise of cross-border disputes, are inducing an evolution in the eDiscovery market. Solutions are tailored to meet international data regulations such as GDPR, to avoid consequences like hefty fines or loss of credibility. Providers are also adapting their tools to accommodate varied languages, to facilitate international legal proceedings. Hence, eDiscovery companies are positioning their offerings to handle these complexities shaped by global imperatives.

What are the current deployment models in eDiscovery practices?

Deployment models in eDiscovery are largely segregated into two categories: on-premise and cloud-based solutions. Although on-premise solutions provide an edge in terms of data security and control, it imposes significant costs and burdensome IT demands. On the other hand, cloud-based solutions offer scalability, flexibility, and cost savings. The increasing adoption of cloud computing across businesses has led many to opt for cloud-based eDiscovery solutions, propelling this model to be the preferred choice of deployment among several sectors.