Fri. Apr 19th, 2024

Press Announcement

Logikcull Tops G2Crowd Momentum Report, Capping Banner Year for Fast-Growing Discovery Company

Logikcull, the cloud-based Instant Discovery platform that is changing the way modern businesses handle disputes and investigations, has been ranked as the top eDiscovery software in a new independent report from G2Crowd. The report, “Momentum Grid for eDiscovery,” is validation of Logikcull’s quick ascension to leadership within the 11-billion dollar eDiscovery industry that is being rapidly disrupted by user-friendly, cloud-based software.

eDiscovery, the process of searching and reviewing data for legal disputes, has traditionally been defined by the high cost and complexity associated with expensive service providers and on-premise hardware. Logikcull’s self-serve delivery has transformed the process by empowering organizations of all types to find, review and share information quickly and intuitively.

Logikcull ranked first for user satisfaction in the Momentum Grid, which also takes into account company growth and year-over-year performance. The report assesses independent, third-party reviews, of which Logikcull has compiled more than 130. The company also finished atop G2Crowd’s rankings of “Easiest to Use” eDiscovery software, and has the highest overall rating with a 91% G2 Satisfaction Score.


Report Extract from G2 Crowd

The Top 14 eDiscovery Software Solutions: Highest Rated  

The Top 14 Highest Rated eDiscovery Software Solutions Per G2 Crowd

  1. Logikcull
  2. Everlaw
  3. Exterro
  4. Zapproved
  5. Relativity
  6. Lexbe
  7. CloudNine
  8. Nextpoint
  9. Discovery Attender (Sherpa Software)
  10. Encase eDiscovery (Acquired by OpenText)
  11. Nuix
  12. LexisNexis Concordance (Acquired by CloudNine)
  13. Ringtail (Acquired by Nuix)
  14. Viewpoint (Conduent)

Read the complete overview at G2 Crowd – Best eDiscovery Software


Report Extract from ComplexDiscovery eDiscovery Market Size Mashup

eDiscovery Software and Services Market Size

  • The combined eDiscovery software and services market spend is estimated at approximately $10.11B in 2018 and estimated to grow at a Compound Annual Growth Rate (CAGR) of approximately 13.09% to $18.7B in 2023.
  • eDiscovery software market spend is estimated at approximately $3.02B in 2018 (29.88% of the total market) and estimated to grow at a Compound Annual Growth Rate (CAGR) of approximately 13.23% to $5.62B in 2023 (30.03% of the total market).
  • eDiscovery services market spend is estimated at approximately $7.09B in 2018 (70.12% of the total market) and estimated to grow at a Compound Annual Growth Rate (CAGR) of approximately 13.03% to $13.08B (69.97% of the total market) in 2023.

On and Off Premise Software Market Size

  • On-Premise software spending is estimated at approximately 48% of worldwide eDiscovery software spending in 2018, with that number decreasing to approximately 38% by 2023. While the percentage of spend is decreasing over time, the actual dollar spend is estimated to increase based on overall software market growth, growing from $1.45B in 2018 to $2.13B in 2023.
  • Off-Premise software spending is estimated at approximately 52% ($1.57B) of worldwide eDiscovery software spending in 2018, with that number increasing to approximately 62% ($3.48B) by 2023.

Read the complete Market Size Mashup 


Additional Reading

Source: ComplexDiscovery

 

Have a Request?

If you have information or offering requests that you would like to ask us about, please let us know, and we will make our response to you a priority.

ComplexDiscovery OÜ is a highly recognized digital publication focused on providing detailed insights into the fields of cybersecurity, information governance, and eDiscovery. Based in Estonia, a hub for digital innovation, ComplexDiscovery OÜ upholds rigorous standards in journalistic integrity, delivering nuanced analyses of global trends, technology advancements, and the eDiscovery sector. The publication expertly connects intricate legal technology issues with the broader narrative of international business and current events, offering its readership invaluable insights for informed decision-making.

For the latest in law, technology, and business, visit ComplexDiscovery.com.

 

Generative Artificial Intelligence and Large Language Model Use

ComplexDiscovery OÜ recognizes the value of GAI and LLM tools in streamlining content creation processes and enhancing the overall quality of its research, writing, and editing efforts. To this end, ComplexDiscovery OÜ regularly employs GAI tools, including ChatGPT, Claude, Midjourney, and DALL-E, to assist, augment, and accelerate the development and publication of both new and revised content in posts and pages published (initiated in late 2022).

ComplexDiscovery also provides a ChatGPT-powered AI article assistant for its users. This feature leverages LLM capabilities to generate relevant and valuable insights related to specific page and post content published on ComplexDiscovery.com. By offering this AI-driven service, ComplexDiscovery OÜ aims to create a more interactive and engaging experience for its users, while highlighting the importance of responsible and ethical use of GAI and LLM technologies.