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The massive growth in electronically stored data is one of the primary factors that has spawned the eDiscovery market. A report by Transparency Market Research forecasts the overall revenue in the global market for eDiscovery services and platforms to rise at a robust 16.2% CAGR from 2014 to 2022. At this rate, it predicts the revenue to reach a value of US$21.08 bn by 2022 from US$8.31 bn by the end of 2016.
From a geographical standpoint, North America accounts for a dominant share in the global eDiscovery service. In the next couple of years, the region will likely pare some of its share on account of Asia Pacific overtaking it in terms of growth rate. The rapid growth in the Asia Pacific market is being brought about by the massive scale of industrial development, particularly in the countries of India and China focused on a robust IT infrastructure.