The e-discovery solutions market comprises vendors offering technology solutions that facilitate the electronic discovery process. E-discovery solutions specialize in one or more areas to identify, collect, preserve, process, review, analyze and produce electronically stored information (ESI). ESI fulfills legal and compliance requirements for discovery that result from a variety of investigative scenarios. The scope of ESI often includes data sources, such as digital communications, file systems, cloud office platforms, endpoints, databases and applications. E-discovery solutions market includes software vendor offerings for a customer’s own deployment on-premises and in cloud infrastructure, as well as hosted offerings provided by software vendors and services providers.
Legal Hold Software is the systematic process of preserving all forms of relevant information when litigation or investigation is anticipated. It ensures that potentially relevant data, including emails, documents, databases, and physical files, remains intact and unaltered. This legal hold process involves identifying relevant information, notifying custodians about the legal hold and their responsibilities, monitoring compliance, collecting and preserving data in its original state, and eventually reviewing the data for relevance to the case. Automating this process enhances efficiency, helping organizations comply with legal requirements, mitigate risks associated with data spoliation, and maintain a clear chain of custody throughout legal proceedings. It is primarily used by legal teams, IT departments, compliance officers, HR departments, data custodians, and external legal counsel to manage and preserve electronically stored information (ESI) for litigation, investigations, or audits.