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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.An Extract from Doug Austin’s new post on the recent IDC eDiscovery market report.
International growth is finally beginning to take off – a bit. The Americas region continues to be (and will continue to be) the largest region; however, both Europe and Asia are seeing an uptick in demand for eDiscovery services. By 2019, Europe is expected to comprise almost 23% of the market and Asia just over 7%.
Market consolidation. Service providers and technology solution companies are pairing off at a steady rate. Solution providers continue to buy capabilities as bolt-on functionality for existing products or services in an effort to gain or merely retain market share. This is especially true with regard to analytics companies. Nearly every software and service provider understands that analytics companies pose the largest threat to existing market opportunity.
“eDiscovery services have become an important part of legal and governance workflows for corporations, law firms, and government agencies, globally. The market for services is more than three times the size of the market for eDiscovery software; however, it is important to note that end users want comprehensive, flexible, and secure solutions to meet their ongoing eDiscovery needs, which often means a mix of both software and services,” said Angela Gelnaw, senior research analyst for IDC’s Governance and Security Solutions research program.