As reported by Evan Koblentz in Law Technology News, electronic data discovery software sales reached $1.4 billion worldwide in 2012 and will reach $2.9 billion by 2017 according to Gartner Inc. Their latest forecast for the eDiscovery industry is discussed in Forecast: Enterprise E-Discovery Software, Worldwide, 2012-2017, available here.
As noted in the summary to the report (not surprisingly), “[d]ouble-digit revenue growth is expected because of increased litigation and ever-expanding volumes of content and data that must be searched”. Some notable statistics:
The report can be purchased here for $1,495.
Of course, the Gartner forecast is considerably different from this forecast from last August.
So, what do you think? Do you think the Gartner forecast is reasonable, or perhaps possibly even too conservative? Please share any comments you might have or if you’d like to know more about a particular topic.
Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by CloudNine Discovery. eDiscoveryDaily is made available by CloudNine Discovery solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscoveryDaily should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.
Browse eDiscovery Daily Blog