|[January 18, 2013]
Research and Markets: The Global Electronic Data Discovery Market to Grow At A CAGR Of 16.2 Percent over the Period 2012-2016
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/fvqj7r/global_electronic)
has announced the addition of the "Global
Electronic Data Discovery Market 2012-2016" report to their
One of the key factors contributing to this market growth is the
increased need for regulatory compliance. The Global Electronic Data
Discovery market has also been witnessing the emergence of cloud
computing. However, the high cost of implementation could pose a
challenge to the growth of this market.
The key vendors dominating this market space are AccessData Group LLC,
Guidance Software Inc., Hewlett-Packard Co., and Symantec (News - Alert) Corp.
The other vendors mentioned in the report are ZyLAB Inc., Reommind
Inc., IBM Corp., FTI Technology, kCura Inc., Xerox Litigation Services,
Catalyst Repository Systems Inc., Exterro Inc., EMC Corp., Nuix (News - Alert) Pty
Ltd., KPMG LLP, Integreon Inc., and CommVault Systems Inc.
Commenting on the report, an analyst from TechNavio's Enterprise
Computing team said: ''The emergence of cloud-based solutions has
enabled organizations to increase their efficiency and reduce the cost
of deploying valuable IT infrastructure. However, many organizations are
still analyzing the feasibility and relevance of cloud computing
solutions in their IT operations. The cloud-based model for electronic
data discovery (EDD) offers a pay-per-use model, which provides
cost-effective access to the EDD solution at any time and in any place
by multiple users. Although many enterprises have an increased
understanding of the benefits of cloud-based EDD solutions, a number of
concerns and risks, particularly in relation to data sharing and
security, are affecting the adoption of such solutions. However, the
Global EDD market is witnessing a trend where many vendors in the market
have begun to offer their solutions through the cloud-based model to
expand their services and enter new markets.''
According to the report, one of the major drivers in this market is the
increased need for regulatory compliance. The fear of legal liability
associated with compliance requirements is the major reason that
organizations are adopting EDD solutions. There has been an explosion in
the number of such regulations over the last few years and this number
still continues to grow.
For more information visit http://www.researchandmarkets.com/research/fvqj7r/global_electronic
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