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The annual market size mashup from ComplexDiscovery was initiated in 2012 and originated out of a desire to reconcile published forecasts and data points for market size and industry growth. The mashup is simply an aggregation of published industry data points from research firms, industry commentators, and eDiscovery providers, modeled and presented to highlight market size and growth information. To date mashups for eDiscovery market size have been prepared annually since 2012 by ComplexDiscovery.
From a macro look at past eDiscovery market size from 2012 through 2019, and projected market size for 2020 through 2024, we see strong and consistent double-digit growth rates for the market as a whole as well as for both services and software segments.
Chart: An eDiscovery Market Mashup (Past and Projected)
eDiscovery Market Sizing Both Past and Projected (2012-2024)In looking through the lens of the past, we observe the following market size kinetics.
- The combined eDiscovery software and services market spend grew from $4.73B in 2012 to $11.23B in 2019. This represented a 13.15% Compound Annual Growth Rate (CAGR) over the seven-year period.
- eDiscovery software market spend grew from $1.42B in 2012 to $3.39B in 2019. This represented a 13.24% Compound Annual Growth Rate (CAGR) over the seven-year period.
- eDiscovery services market spend grew from $3.31B in 2012 to $7.84B in 2019. This represented a 13.11% Compound Annual Growth Rate (CAGR) over the seven-year period.
In looking into the future, we see an aggregate estimation of the following market size trajectories.
- The combined eDiscovery software and services market spend is estimated at approximately $11.23B in 2019 and estimated to grow at a Compound Annual Growth Rate (CAGR) of approximately 12.93% to $20.63B in 2024.
- eDiscovery software market spend is estimated at approximately $3.39B in 2019 (30.19% of the total market) and estimated to grow at a Compound Annual Growth Rate (CAGR) of approximately 13.05% to $6.26B in 2024 (30.36% of the total market).
- eDiscovery services market spend is estimated at approximately $7.84B in 2019 (69.81% of the total market) and estimated to grow at a Compound Annual Growth Rate (CAGR) of approximately 12.88% to $14.37B in 2024 (69.64% of the total market).
Historical Listing of ComplexDiscovery eDiscovery Market Sizing Mashups
- An eDiscovery Market Size Mashup: 2019-2024 Worldwide Software and Services Overview – November 2019
- An eDiscovery Market Size Mashup: 2018-2023 Worldwide Software and Services Overview – November 2018
- An eDiscovery Market Size Mashup: 2017-2022 Worldwide Software and Services Overview – December 2017
- An eDiscovery Market Size Mashup: 2016-2021 Worldwide Software and Services Overview – March 4, 2017
- An eDiscovery Market Size Mashup: 2015-2020 Worldwide Software and Services Overview – April 30, 2016
- An eDiscovery Market Size Mashup: 2014-2019 Worldwide Software and Services Overview – July 17, 2015
- An eDiscovery Market Size Mashup: 2014-2019 Worldwide Services Overview – July 1, 2015
- An eDiscovery Market Size Mashup: 2014-2019 Worldwide Software Overview – June 22, 2015
- An eDiscovery Market Size Mashup: 2013-2018 Worldwide Software and Services Overview – June 25, 2014
- An eDiscovery Market Size Mashup: 2012-2017 Worldwide Software and Services Overview – June 20, 2013
- An eDiscovery Market Sizing Mashup – May 20, 2012
Additional Reading
- Four Eras of eDiscovery? One Approach to Framing Market Growth
- Automating eDiscovery: A Strategic Framework
Source: ComplexDiscovery