The EconoTimes reports on a new Zion Market Research report finding that the eDiscovery market is segmented on the basis of components such as software and services. eDiscovery software market can be further classified as on-premise software & off-premise software. eDiscovery services were the leading segment of the eDiscovery market and accounted for 74.56% of the total revenue generated by the eDiscovery market in 2015. However, the off-premise segment is expected to be the fastest growing segment during the forecast period. Growing demand for cloud computing and growing volume of digitally stored data are some of the key factors driving the off-premise software market segment.
Albert Barsocchini, Director of Strategic Consulting