Content Assessment: Resetting the Baseline? eDiscovery Market Size Adjustments for 2020

Information - 95%
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A short percentage-based assessment of the qualitative benefit of the newly published overview of eDiscovery market size adjustments stemming from the unanticipated pandemeconomic conditions of 2020.

Editorโ€™s Note: Given the unanticipated pandemeconomic conditions thrust upon the eDiscovery ecosystem in 2020, forward-looking eDiscovery market size and growth estimates developed in pre-COVID times require a resetting of the current market size baseline. This resetting of the market size baseline warrants the inclusion of direct, indirect, and anecdotal data points* that can inform reasonable adjustments used to determine where we may be today in terms of market size and can help in forecasting market growth. From market retractions to revised market sizing for the core eDiscovery tasks of collection, processing, and review, the following adjustments may be helpful for eDiscovery decision-makers as they consider the size of the eDiscovery market for 2020 and beyond.

Resetting the eDiscovery Market Size Baseline in 2020

The following market size adjustments may be helpful for business, legal, and IT professionals as they consider market opportunity and plan for market growth in 2020 and beyond. These adjustments assume that the relative percentage costs for the overall tasks of collection (13%), processing (19%), and review (68%) remain the same as forecast for 2020 even in the face of the current pandemeconomic conditions. These adjustments also assume that the percentage distribution of non-governmental (53%) and governmental (47%) eDiscovery spending also remains the same as forecast for 2020.  Additionally, these adjustments assume that while first-quarter spending in 2020 was approximately the same as originally forecasted, that second, third, and fourth quarter eDiscovery spending have been and currently are being strongly impacted by pandemeconomic factors resulting in a market size percentage retraction mirroring U.S. Real Gross Output retraction for both private services (32.6%) and governmental services (7.6%) as reported by the U.S. Bureau of Economic Analysis for the second quarter of 2020.


Chart 1 โ€“ Pandemeconomic Market Size Adjustment for eDiscovery for 2020

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Chart 2 โ€“ eDiscovery Software and Services Market Size Retraction in 2020

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Chart 3 โ€“ eDiscovery Market Size Retraction for Collection in 2020

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Chart 4 โ€“ Relative Task Expenditure Update for Collection in 2020

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Chart 5 โ€“ Onsite and Remote Collection Market Adjustments in 2020

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Chart 6 โ€“ eDiscovery Market Size Retraction for Processing in 2020

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Chart 7 โ€“ eDiscovery Market Size Retraction for Review in 2020

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Chart 8 โ€“ Relative Task Expenditure Update for Review in 2020

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Chart 9 โ€“ Onsite and Remote Review Market Adjustments in 2020

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*Market Size Sources

Sources for eDiscovery market sizing estimations and recent adjustments have been aggregated since the initial eDiscovery Market Size Mashup published in 2012 and are included in a model that is used to develop annual eDiscovery market size mashups. These sources include but are not limited to publicly available content (including abstracts, excerpts, quotes, references, and data points) from the following pre-COVID (up to March 2020) and post-COVID (March 2020 and beyond) sources.

Post-COVID (Planning for 2021 eDiscovery Market Size Mashup โ€“ To Be Published)

  • U.S. Bureau of Economic Analysis (Department of Commerce), 2020. Gross Domestic Product (Third Estimate), Corporate Profits (Revised), And GDP By Industry, Second Quarter 2020. [online] Available at: <https://www.bea.gov/news/2020/gross-domestic-product-third-estimate-corporate-profits-revised-and-gdp-industry-annual> [Accessed 25 October 2020].
  • Selected Industry eDiscovery Analysts (Discussion), 2020. eDiscovery Market Forecasting. October 19, 2020.
  • ComplexDiscovery. โ€œ2020 eDiscovery Business Confidence Surveys. (Running Listing).โ€ October 2020.
  • Industry eDiscovery Providers (Discussion), 2020. eDiscovery Market Forecasting. September 29, 2020.
  • IDC. โ€œWorldwide eDiscovery Services Forecast, 2020-2024.โ€ Ryan Oโ€™Leary. September 2020.
  • Selected Industry Investors (Discussion), 2020. eDiscovery Market Forecasting. September  15, 2020.
  • IDC. โ€œWorldwide eDiscovery Software Forecast, 2020-2024.โ€ Ryan Oโ€™Leary. June 2020.
  • ComplexDiscovery. โ€œHome or Away? New eDiscovery Market Sizing and Pricing Considerations.โ€ June 15, 2020.
  • ComplexDiscovery. โ€œSummer 2020 eDiscovery Pricing Survey Results.โ€ May 2020.
  • ComplexDiscovery. โ€œRevisions and Decisions? New Considerations for eDiscovery Secure Remote Reviews.โ€ May 4, 2020.
  • Selected Industry eDiscovery Providers (Discussion), 2020. eDiscovery Market Forecasting. May 1, 2020.

Pre-COVID (2020 eDiscovery Market Size Mashup)

  • ComplexDiscovery. โ€œ2019 eDiscovery Business Confidence Surveys. (Running Listing).โ€ November 2019.
  • Relativity Fest Panel. โ€œState of the eDiscovery Union.โ€ Panelist Ryan Oโ€™Leary (IDC). October 22, 2019.
  • IDC. โ€œIDC Marketscape: Worldwide eDiscovery SaaS Review Software Assessment.โ€ Ryan Oโ€™Leary. August 12, 2019.
  • Gartner, Inc. โ€œMarket Guide for E-Discovery Solutions.โ€ Julian Tirsu, Michael Hoeck. June 27, 2019.
  • ComplexDiscovery. โ€œSummer 2019 eDiscovery Pricing Survey Results.โ€ June 2019.
  • KL Discovery. โ€œInvestor Presentation.โ€ Pivotal, KL Discovery. May 2019.
  • Gartner, Inc. โ€œDefining Your E-Discovery Process Will Lower Costs and Reduce Risks.โ€ Julian Tirsu. March 29, 2019.
  • Georgetown Law Center for the Study of the Legal Profession and the Thomson Reuters Legal Executive Institute. โ€œ2019 Report on the State of the Legal Market.โ€ January 2019.
  • ComplexDiscovery. โ€œWinter 2019 eDiscovery Pricing Survey Results.โ€ December 2018.
  • ComplexDiscovery. โ€œ2018 eDiscovery Business Confidence Surveys. (Running Listing).โ€ November 2018.
  • FRONTEO. โ€œForm 20-F (073118).โ€ UBIC Annual Report for Foreign Investors. July 2018.
  • IDC. โ€œWorldwide eDiscovery Software Forecast, 2018-2022.โ€ Ryan Oโ€™Leary, Sean Pike. June 2018.
  • Markets and Markets. โ€œeDiscovery Market by Component, Deployment Type, Organizational Size, Vertical, and Region โ€“ Global Forecast to 2023.โ€ June 2018.
  • Georgetown Law Center for the Study of the Legal Profession and the Thomson Reuters Legal Executive Institute. โ€œ2018 Report on the State of the Legal Market.โ€ January 2018.
  • Greentarget. โ€œ2018 Legal Industry Outlook.โ€ January 2018.
  • Catalyst Investors. โ€œLegal Tech Market Overview.โ€ Kirk Mahoney. November 29, 2017.
  • Gartner, Inc. โ€œMarket Guide for E-Discovery Solutions.โ€ Julian Tirsu, Garth Landers, Shane Harris. October 24, 2017.
  • P&S Market Research. โ€œeDiscovery Market for Software and Services.โ€ October 18, 2017.
  • ComplexDiscovery. eDiscovery Business Confidence Surveys โ€“ Running Listing. ComplexDiscovery. October 18, 2017.
  • Forbes. โ€œGlobal Legal Tech Is Transforming Service Delivery.โ€ Mark A. Cohen. August 29, 2017.
  • Aberdeen. โ€œKey Strategies To Improve The Performance Of E-Discovery Teams.โ€ Michael Caton. August 2017
  • IDC. โ€œWorldwide eDiscovery Services Market Shares, 2016: Global Leaders Emerge Through Industry Consolidation.โ€ Angela Gelnaw. June 2017.
  • ACG Partner. โ€œLegal Tech: Seeded and Ready to Launch.โ€, Trevor Martin, Ben Howe, Jon Guido, Fred Joseph. April 2017.
  • IDC. โ€œMarketscape: Worldwide eDiscovery Services 2017 Vendor Assessment.โ€ Angela Gelnaw. March 2017.
  • ComplexDiscovery. Annual eDiscovery Market Size Mashups โ€“ 2012 โ€“ 2017, ComplexDiscovery, March 4, 2017.
  • Zion Market Research. โ€œeDiscovery Market for Government, Regulatory Agencies, Enterprises, and Law Firms.โ€ November 23, 2016.
  • Markets and Markets. โ€œE-Discovery Market by Solution, Service, Deployment Type, and Vertical โ€“ Global Forecast to 2021.โ€ November 2016.
  • Future Market Insights (FMI). โ€œeDiscovery Market Analysis โ€“ Global Industry Analysis and Opportunity Assessment.โ€ July 5, 2016.
  • IDC. โ€œWorldwide eDiscovery Software Market Forecast, 2016-2020: Back to Basics.โ€ Angela Gelnaw. June 30, 2016.
  • Gartner, Inc. โ€œMarket Guide for E-Discovery Solutions.โ€ Jie Zhang. June 30, 2016.
  • U.S. Department of Commerce, International Trade Administration. โ€œ2016 Top Markets Report โ€“ Cloud Computing.โ€ April 14, 2016.
  • IDC. โ€œWorldwide eDiscovery Services Forecast 2014-2019.โ€ Sean Pike, Angela Gelnaw. December 2015.
  • Gartner, Inc. โ€œCritical Capabilities for E-Discovery Software.โ€ Jie Zhang, Garth Landers. October 6, 2015.
  • Transparency Market Research. โ€œeDiscovery Market โ€“ Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2022.โ€ July 6, 2015
  • Markets and Markets. โ€œE-Discovery Market By Solution, Deployment, Industry, & Region โ€“ Global Forecast to 2020.โ€ July 2015.
  • Global Industry Analysts, Inc. โ€œeDiscovery (Software and Services) Global Strategic Business Report.โ€ May 28, 2015.
  • Gartner, Inc. โ€œMagic Quadrant for E-Discovery Software.โ€ Jie Zhang, Garth Landers. May 18, 2015.
  • The Radicati Group. โ€œeDiscovery Market, 2014-2018.โ€ Sara Radicati. December 3, 2014.
  • Transparency Market Research. โ€œeDiscovery Market โ€“ Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014-2020).โ€ June 2014.
  • Gartner, Inc. โ€œMagic Quadrant for E-Discovery Software.โ€ Jie Zhang, Debra Logan, Garth Landers. June 19, 2014.
  • IDC. โ€œWorldwide eDiscovery Software 2014-2018 Forecast.โ€ Sean Pike. May 2014.
  • The Radicati Group. โ€œeDiscovery Market, 2013-2017.โ€ Sara Radicati. August 2013.
  • Gartner, Inc. โ€œMagic Quadrant for E-Discovery Software.โ€ Debra Logan, Alan Dayley, Sheila Childs. June 10, 2013.
  • The Radicati Group. โ€œeDiscovery Market, 2012-2016.โ€ Sara Radicati, Todd Yamasaki.  October 2012.
  • Transparency Market Research. โ€œWorld e-Discovery Software & Service Market Study.โ€ August 2012.
  • Rand Institute For Civil Justice. โ€œWhere the Money Goes:  Understanding Litigant Expenditures for Producing Electronic Discovery.โ€ Nicolas Pace and Laura Zakaras. April 2012.
  • IDC. โ€œMarketScape: Worldwide Standalone Early Case Assessment Applications Vendor Analysis.โ€ Vivian Tero. September 19, 2011.
  • Industry Observer Estimations (Multiple Observers)

Additional Reading

Source: ComplexDiscovery

 

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