TechNavio today launched its report, Global Electronic Data Discovery Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
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.
Further, the report reveals that the high cost of implementation is one of the major challenges confronting this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-electronic-data-discovery-market…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Enterprise Computing market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report – Global Electronic Data Discovery Market 2012-2016
