Just under 94% (93.3%) of eDiscovery Business Confidence Survey respondents feel the current business conditions are good or normal in the spring of 2019. This combined confidence level represents a solid increase in these same feelings when compared to the winter of 2019 where 89.3% felt the conditions were good or normal. However, respondents rating the current business conditions as good dropped to 41.1%, the lowest rating in this area since the inception of the survey. This drop appears to represent a solid, yet slowly diminishing optimism in the current general business climate for eDiscovery.
The annual eDiscovery Market Size Mashup estimates the combined worldwide eDiscovery software and services market spend in 2018 to be approximately $10.11B, growing at a Compound Annual Growth Rate (CAGR) of approximately 13.09% to $18.7B by 2023.