An eDiscovery Market Size Mashup: 2021-2026 Worldwide Software and Services Overview

From market retraction in 2020 to resurgence in 2021, the worldwide market for eDiscovery software and services is estimated to grow from $13.1B in 2021 to $18.89B in 2026 with a compound annual growth rate (CAGR) of 7.6% according to ComplexDiscovery’s annual market size mashup. This growth is spearheaded by eDiscovery software spending which is estimated to grow at a CAGR of 10.7% to $7.18B in 2026. Making up the majority of the market spending in dollars, eDiscovery services spending is expected to grow at a CAGR of 5.93% to $11.71B in 2026.

An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments

From LexisNexis to Nextpoint and from acquisitions to investments, the abridged listing of eDiscovery merger, acquisition, and investment (M&A+I) events seeks to consolidate and highlight key eDiscovery-related investment events and corresponding event dates, company involvement, and known event investment amounts. The general consideration for inclusion in this running listing is the public announcement of an investment event by an organization that offers an eDiscovery solution as part of their overall offering portfolio regardless of their core business.

Adapting Well? Business Networking in the Time of COVID

Past ways of moving along the business relationship continuum from stranger to acquaintance to trusted collaborator, employee, or partner that relied on rapport-building no longer remain as pre-COVID opportunities for socially serendipitous encounters such as after-work happy hours, coffee breaks at conferences, and intra-industry networking events have been greatly diminished. The cues that would be present in these face-to-face interactions are largely viewed as essential for establishing trust in deepening relationships and achieving professional goals such as concluding transactions. However, there may be some compensatory affordances for lack of face-to-face interactions such as trusted referrals, more ‘objective’ evaluations, and equalization of access for those in more peripheral geographic locations.

Enhancing Credibility and Validity? Triangulation in Research

Validity in research basically establishes how correctly a particular approach measures something and how closely findings are to actual values or concepts being examined. It indicates whether findings from particular research can be trusted. Achieving validity is very important to ensure that findings from research can be correctly used and interpreted in such a way that stakeholders of the study are able to make informed appropriate decisions based on research findings. According to this new paper, research triangulation can significant support the quest of researchers to achieve validity and credibility in research efforts.

37 Points of Light? 2021 Gartner Market Guide for E-Discovery Solutions

Published on April 7, 2021, by the research and analyst firm Gartner, the new Market Guide for E-Discovery Solutions report (G00731953) shares information and insight on the eDiscovery market and a limited number of representative software vendor and service providers. This information and insight may be useful for infrastructure and operations professionals as they consider eDiscovery solutions for their specific data discovery and legal discovery needs.

New Litigation Trends Survey from Norton Rose Fulbright

Released in February of 2021, Norton Rose Fulbright’s 16th Annual Litigation Trends Survey highlights up-to-date insight on key US dispute trends including the changes and challenges presented by the COVID-19 pandemic. Additionally, in the areas of cybersecurity and data protection, the survey report notes that disputes have increased over the last several years, with 2020 being no exception. According to the survey report, 44 percent of respondents feel more exposed than they did 12 months prior and respondents report that past attacks have disrupted operations, with others sensing that their company size or industry makes them targets.

An eDiscovery Market Size Mashup: 2020-2025 Worldwide Software and Services Overview

While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software and services slows, the overall size of the market continues to grow with estimates for the overall market to exceed $15.12B in 2025. This year’s annual eDiscovery Market Size Mashup estimates the combined worldwide eDiscovery software and services market spend in 2020 to be approximately $10.89B, growing at a CAGR of approximately 6.79% to $15.12B by 2025.

Resetting the Baseline? eDiscovery Market Size Adjustments for 2020

An unanticipated pandemeconomic-driven retraction in eDiscovery spending during 2020 has resulted in the need to reset the baseline market size for ongoing ComplexDiscovery Market Size Mashup reports. Originally estimated by ComplexDiscovery to reach $12.66B in market size during 2020, revised estimates for the eDiscovery market reflect an adjustment to a newly estimated market size of $10.89B for 2020. This adjustment is a decrease of approximately 14% from pre-COVID 2020 forecasts. This revision also equates to a negative 3.03% growth rate between 2019 and 2020.

Post COVID-19 Hype? New Gartner Hype Cycle for Legal and Compliance Technologies

According to Zack Hutto, director in the Gartner Legal and Compliance practice, “Just as enterprise resource planning (ERP) overhauled finance, there is promise for a foundational system of record to improve in-house legal operations and workflows. Legal leaders should take a lesson from ERP’s evolution: ‘monolithic’ IT systems tend to lack flexibility and can quickly become an anchor not a sail.”

Hidden Trends? Captivating Research on Captive ALSPs

According to the just-released report from Baretz+Brunelle, a new crop of competitors has started playing on law firms’ turf. These competitors use technology, alternative staffing models, and a focus on process to accomplish tasks more efficiently than law firms. They are known as “alternative legal services providers,” and they are racking up wins. Recent numbers show that revenue for ALSPs grew from $8.4 billion in 2015 to $10.7 billion in 2017, and that 71% of corporate legal departments now use so-called ALSPs.

From Russia (and China) with Love? The UK National Cyber Security Centre Annual Review

According to the NCSC Annual Review, China remained a highly sophisticated...

New Federal Government Cybersecurity Incident and Vulnerability Response Playbooks

According to Matt Hartman, Deputy Executive Assistant Director for Cybersecurity, "The...

A Surge in Cybercriminality? The Annual ENISA Threat Landscape Report – 9th Edition

According to EU Agency for Cybersecurity Executive Director Juhan Lepassaar, “Given...

Considering Zero Trust? November 2021 Cyber Events Report from NATO CCDCOE

Computer security professionals love to say that there is no such...

A Long Runway? KLDiscovery Files for Initial Public Offering

On Tuesday, November 23, 2021, KLDiscovery took a strong step toward...

Modus Secures Working Capital Facility from J.P. Morgan

According to Steven Horan, Chairman, and CEO of Modus, “Having the...

Driven and Innovative Discovery Merge

According to the announcement, Silver Oak Services Partners, a private equity...

Smarsh Acquires Digital Safe Product Line from Micro Focus

According to Smarsh CEO Brian Cramer, “Solving the sophisticated archiving, compliance...

An eDiscovery Market Size Mashup: 2021-2026 Worldwide Software and Services Overview

From market retraction in 2020 to resurgence in 2021, the worldwide...

A New Era in eDiscovery? Framing Market Growth Through the Lens of Six Eras

There are many excellent resources for considering chronological and historiographical approaches...

An eDiscovery Market Size Mashup: 2020-2025 Worldwide Software and Services Overview

While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software...

Resetting the Baseline? eDiscovery Market Size Adjustments for 2020

An unanticipated pandemeconomic-driven retraction in eDiscovery spending during 2020 has resulted...

Five Great Reads on Cyber, Data, and Legal Discovery for November 2021

From worldwide eDiscovery market sizing and discovery intelligence to cybersecurity playbooks...

Five Great Reads on Cyber, Data, and Legal Discovery for October 2021

From artificial intelligence and predictive coding to eDiscovery business confidence and...

Five Great Reads on Cyber, Data, and Legal Discovery for September 2021

From countering ransomware to predictive coding and packaged services, the September...

Five Great Reads on Cyber, Data, and Legal Discovery for August 2021

From the interplay of digital forensics in eDiscovery to collecting online...

Alternative Reality? Winter 2022 eDiscovery Pricing Survey Results

Based on the complexity of data and legal discovery, it is...

Calm Before the Storm? Eighteen Observations on eDiscovery Business Confidence in the Fall of 2021

In the fall of 2021, 71.2% of survey respondents felt that...

Help Wanted? Issues Impacting eDiscovery Business Performance: A Fall 2021 Overview

In the fall of 2021, 27.4% of respondents viewed lack of...

Harvest Time? eDiscovery Operational Metrics in the Fall of 2021

In the fall of 2021, 67 eDiscovery Business Confidence Survey participants...