Report

src

Legal Hold Software Market, By Product Type (Cloud Based and On-premise); By Application (Large Enterprises and SMEs) Market Growth, Future Prospects, Post COVID-19 Scenario 2021 - 2028

Customization
  • We provide customized solutions to cater to your specific requirement services any region, product, or any specific market segment.
Legal hold software is used for storage of legal data for all the pending or ongoing cases in any company or for an individual. The legal hold software that are used in any enterprise offers technologically innovative business process automation platform that helps to reduce the process time and confusion. Apart from this, legal hold software handles all the processes of pending and ongoing litigation and stores its relevant information in the software.

Moreover, different law firms and large enterprises use legal hold software for streamlining and restructuring the processes of issuing lawsuits and trails hold, monitoring compliance and interviewing custodians with issued legal holds and tracking collection progress among others. The legal hold software are also used for sending reminders and notifications to the recipients and beneficiaries of legal hold requests and it also preserves other legal hold documents. In addition, the objective of the legal hold software is to protect or preserve the documents or  legal information that are relevant to specific cases and are used for legal proceedings. With the help of the legal hold software, the overall audit trails and tracking of every action of legal proceedings is done  ensuring the defensibility of processes right from the initial notices till the closing of the legal hold.
 
Furthermore, several small,  medium-sized and large enterprises use legal hold software for preventing information and documents, and in some cases, it is also used for suspending frequently scheduled documents demolition practices. Moreover, there are different types of the legal hold software that are cloud-based legal hold software and on-premises legal hold software. Whereas, cloud-based legal hold software is connected to data across all enterprise systems, including internal email, HR applications, and SharePoint sites among others, therefore, it has high demand in the market. These software are widely used in  various applications such as small and medium-sized enterprises (SMEs) and large enterprises. Some of the key players in the global legal hold software market are Zdiscovery (Zapproved LLC), Pagefreezer Software Inc., Acuity (Mitratech Holdings, Inc.), Exterro, Inc., Nuix Limited, Onit, Inc., Open Text Corporation, Optimum (Vertical Discovery Corp.), Relativity ODA LLC and Concourse (Thomson Reuters Corporation).
 
Global Legal Hold Software Market, By Product Type
Based on product type, legal hold software market is segmented into the following:
  • Cloud Based
  • On-premise
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Legal Hold Software Value Share, By Product Type, 2019 & 2028(% Value)

 
In 2020, the cloud-based segment led the overall legal hold software market in terms of market value accounting for over 88% of the global market. Cloud based legal hold software is used by an individual or organizations for storage of litigation information. This software automates interconnected legal hold, data preservation and also automates processes and speed-up access to important information. Apart from this, it also reduces dependency on the IT terms and helps law department to comply with the legal obligations. Moreover, cloud-based software stores all the legal information on the cloud server that can be accessed from any location by the authorized members. The cloud-based software automates manual, risky and time-consuming processes and also increase the efficiency of the litigation hold activities. In addition, cloud-based software are secured with the help of the advanced security solutions for protecting the legal data from various cyber-attacks and other data theft risks, therefore, has high demand in the market when compared with on-premises software.
 
Global Legal Hold Software Market, By Application
Based on application, the legal hold software market is segmented into the following:
  • Large Enterprises
  • SMEs
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Legal Hold Software Value Share, By Application, 2019 & 2028(% Value)

 
In 2020, the large enterprises segment led the overall legal hold software market in terms of market value. Legal hold software is widely used in the large enterprises, as it help to store crucial and relevant information and also assist in streamlining the legal processes. This software in the big companies preserves important data for the pending litigation and other finished businesses. The large enterprises have huge amount of legal data of their partners, collaborations, agreements, sales, manufacturing and others cases, which needs to be protected and stored at single place, thereby legal hold software has high demand in large enterprises for storage of such information. Moreover, this software creates and sends reminders of legal hold requests to particular person and organization about any specific case. Large companies uses both cloud-based and on-premises legal hold software, thereby has high demand in the large enterprise and businesses.
 
Global Legal Hold Software Market, By Geography
Based on geography, the legal hold software market is segmented into following:
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Legal Hold Software Value Share, By Region, 2019 & 2028(% Value)

 
In 2020, North America held the largest share in the legal hold software market because of the high adoption of IT systems in the large and small organizations and increasing number of companies that requires legal hold software for preserving legal information. In the U.S and Canada there are a large number of large enterprises and multinational companies, which needs such software for storage of legal information and thereby increases the demand of the market. Apart from this, the U.S. government also supports such software with the help of the grants, loans and tax exemptions. Moreover, different private, and public operators in the North America are financing various key components of legal hold software. In addition, rising adaptation of technology, changing trends and software up-gradation in the North America region is going to increase the growth of the market.
Chapter 1    Preface
        1.1    Report Description
                1.1.1    Aim of the Report
                1.1.2    Report Target Audience
                1.1.3    Report Offering
        1.2    Research Scope
        1.3    Research Methodology
                1.3.1    Phase I – Secondary Research
                1.3.2    Phase II – Primary Research
                1.3.3    Phase III – Expert Panel Review
                1.3.4    Assumptions
                1.3.5    Top-Down and Bottom-Up Approach

Chapter 2    Executive Summary
        2.1    Market Snapshot: Global Legal Hold Software Market
        2.2    Global Legal Hold Software Market, By Product Type
        2.3    Global Legal Hold Software Market, By Application
        2.4    Global Legal Hold Software Market, By Geography

Chapter 3    Market Dynamics
        3.1    Product and Market Insights
                3.1.1    Global Legal Hold Software Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
        3.2    Growth Drivers
                3.2.1    Rising demand for cloud-based services:
                3.2.2    Expanding IT services in various sector
        3.3    Market Restraints
                3.3.1    Growing concerns regarding data security and protection:
                3.3.2    Impact Analysis of Drivers and Restraints
        3.4    Attractive Investment Proposition
        3.5    Competitive Analysis

Chapter 4    Global Legal Hold Software Market Analysis, By Product Type
        4.1    Overview
        4.2    Cloud Based
                4.2.1    Global Cloud Based Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
        4.3    On-premise
                4.3.1    Global On-premise Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)

Chapter 5    Global Legal Hold Software Market Analysis, By Application
        5.1    Overview
        5.2    Large Enterprises
                5.2.1    Global Legal Hold Software Market Value in Large Enterprises, 2018 – 2028, (US$ Mn)
        5.3    SMEs
                5.3.1    Global Legal Hold Software Market Value in SMEs, 2018 – 2028, (US$ Mn)

Chapter 6    North America Legal Hold Software Market Analysis
        6.1    Overview
                6.1.1    North America Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
        6.2    North America Legal Hold Software Market Analysis, By Type, 2018 – 2028
                6.2.1    Market Analysis
        6.3    North America Legal Hold Software Market Analysis, By Application, 2018 – 2028
                6.3.1    Market Analysis
        6.4    North America Legal Hold Software Market Analysis, By Country, 2018 – 2028
                6.4.1    Market Analysis

Chapter 7    Europe Legal Hold Software Market Analysis
        7.1    Overview
                7.1.1    Europe Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
        7.2    Europe Legal Hold Software Market Analysis, By Type, 2018 – 2028
                7.2.1    Market Analysis
        7.3    Europe Legal Hold Software Market Analysis, By Application, 2018 – 2028
                7.3.1    Market Analysis
        7.4    Europe Legal Hold Software Market Analysis, By Country, 2018 – 2028
                7.4.1    Market Analysis

Chapter 8    Asia Pacific Legal Hold Software Market Analysis
        8.1    Overview
                8.1.1    Asia Pacific Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
        8.2    Asia Pacific Legal Hold Software Market Analysis, By Type, 2018 – 2028    
                8.2.1    Market Analysis
        8.3    Asia Pacific Legal Hold Software Market Analysis, By Application, 2018 – 2028
                8.3.1    Market Analysis
        8.4    Asia Pacific Legal Hold Software Market Analysis, By Country, 2018 – 2028
                8.4.1    Market Analysis

Chapter 9    Latin America Legal Hold Software Market Analysis
        9.1    Overview
                9.1.1    Latin America Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
        9.2    Latin America Legal Hold Software Market Analysis, By Type, 2018 – 2028
                9.2.1    Market Analysis
        9.3    Latin America Legal Hold Software Market Analysis, By Application, 2018 – 2028
                9.3.1    Market Analysis
        9.4    Latin America Legal Hold Software Market Analysis, By Country, 2018 – 2028
                9.4.1    Market Analysis

Chapter 10    Middle East and Africa (MEA) Legal Hold Software Market Analysis
        10.1    Overview
                10.1.1    MEA Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
        10.2    MEA Legal Hold Software Market Analysis, By Type, 2018 – 2028
                10.2.1    Market Analysis
        10.3    MEA Legal Hold Software Market Analysis, By Application, 2018 – 2028
                10.3.1    Market Analysis
        10.4    MEA Legal Hold Software Market Analysis, By Country, 2018 – 2028
                10.4.1    Market Analysis

Chapter 11    Company Profiles
        11.1    Zdiscovery (Zapproved LLC)
                11.1.1    Zdiscovery (Zapproved LLC): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.2    Pagefreezer Software Inc.
                11.2.1    Pagefreezer Software Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.3    Acuity (Mitratech Holdings, Inc.)
                11.3.1    Acuity (Mitratech Holdings, Inc.) : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.4    Exterro, Inc.
                11.4.1    Exterro, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.5    Nuix Limited
                11.5.1    Nuix Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.6    Onit, Inc.
                11.6.1    Onit, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.7    Open Text Corporation
                11.7.1    Open Text Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.8    Optimum (Vertical Discovery Corp.)
                11.8.1    Optimum (Vertical Discovery Corp.): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.9    Relativity ODA LLC
                11.9.1    Relativity ODA LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.10    Concourse (Thomson Reuters Corporation)
                11.10.1    Concourse (Thomson Reuters Corporation): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)

List of Figures


FIG. 1    Global Legal Hold Software Market: Research Methodology
FIG. 2    Top-Down and Bottom Up Approach
FIG. 3    Global Legal Hold Software Market, By Product Type, 2020 (US$ Mn)
FIG. 4    Global Legal Hold Software Market, By Application, 2020 (US$ Mn)
FIG. 5    Global Legal Hold Software Market, By Geography, 2020 (US$ Mn)
FIG. 6    Global Legal Hold Software Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
FIG. 7    Attractive Investment Proposition
FIG. 8    Market Positioning of Key Legal Hold Software Providers, 2020
FIG. 9    Global Legal Hold Software Market Value Share, By Product Type, 2020 & 2028 (% Value)
FIG. 10    Global Cloud Based Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
FIG. 11    Global On-premise Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
FIG. 12    Global Legal Hold Software Market Value Share, By Application, 2020 & 2028 (% Value)
FIG. 13    Global Legal Hold Software Market Value in Large Enterprises, 2018 – 2028, (US$ Mn)
FIG. 14    Global Legal Hold Software Market Value in SMEs, 2018 – 2028, (US$ Mn)
FIG. 15    North America Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
FIG. 16    Europe Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
FIG. 17    Asia Pacific Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
FIG. 18    Latin America Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)
FIG. 19    MEA Legal Hold Software Market Value, 2018 – 2028, (US$ Mn)

List of Tables


TABLE 1        Market Snapshot: Global Legal Hold Software Market
TABLE 2        Impact Pointers
TABLE 3        Impact Analysis of Drivers and Restraints
TABLE 4        North America Legal Hold Software Market Value, By Type, 2018 – 2028
TABLE 5        North America Legal Hold Software Market Value, By Application, 2018 – 2028
TABLE 6        North America Legal Hold Software Market Value, By Country, 2018 – 2028
TABLE 7        Europe Legal Hold Software Market Value, By Type, 2018 – 2028
TABLE 8        Europe Legal Hold Software Market Value, By Application, 2018 – 2028
TABLE 9        Europe Legal Hold Software Market Value, By Country, 2018 – 2028
TABLE 10    Asia Pacific Legal Hold Software Market Value, By Type, 2018 – 2028
TABLE 11    Asia Pacific Legal Hold Software Market Value, By Application, 2018 – 2028
TABLE 12    Asia Pacific Legal Hold Software Market Value, By Country, 2018 – 2028
TABLE 13    Latin America Legal Hold Software Market Value, By Type, 2018 – 2028
TABLE 14    Latin America Legal Hold Software Market Value, By Application, 2018 – 2028
TABLE 15    Latin America Legal Hold Software Market Value, By Country, 2018 – 2028
TABLE 16    MEA Legal Hold Software Market Value, By Type, 2018 – 2028
TABLE 17    MEA Legal Hold Software Market Value, By Application, 2018 – 2028
TABLE 18    MEA Legal Hold Software Market Value, By Country, 2018 – 2028
TABLE 19    Zdiscovery (Zapproved LLC): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 20    Pagefreezer Software Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 21    Acuity (Mitratech Holdings, Inc.) : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 22    Exterro, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 23    Nuix Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 24    Onit, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 25    Open Text Corporation Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 26    Optimum (Vertical Discovery Corp.) Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 27    Relativity ODA LLC Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 28    Concourse (Thomson Reuters Corporation) Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)



 
No Methodology
No Available