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.
A working knowledge of electronically stored information (ESI) is foundational for effective, efficient, and comprehensive planning and execution of all electronic discovery tasks. This short, non-all inclusive overview highlights key definitions, descriptions, and attributes related to ESI and may be beneficial for legal and information technology professionals as they consider ESI in the conduct of data and legal discovery.
In navigating the glittering generalities presented by individuals and organizations seeking to influence eDiscovery software selection decisions, remember that there may be many right choices for your specific needs. Considering those choices through the lens of security, capability, complexity, and cost may help ensure that you not only make the right choice but make the best choice for your needs.
Based on a compilation of research from analyst firms and industry expert reports in the electronic discovery arena, the following “Top 100+Provider” list provides a short listing that may be useful in the consideration of eDiscovery providers. This listing is taken primarily from eDiscovery provider mentions in selected key formal industry reports and surveys published between August 2011 and today.
One of the biggest challenges facing information, business, and legal professionals is the ability to cohesively consider the elements of data discovery and legal discovery within a technology framework that is comprehensive enough to address critical discovery tasks throughout information and legal lifecycles yet concise enough to be realistically approached from an automation perspective.