Sun. Oct 1st, 2023

Content Assessment: Tracing the Path of eDiscovery M&A Activity and Market Growth Trajectory and Its Implications for Europe's Emerging Markets

Information - 94%
Insight - 92%
Relevance - 93%
Objectivity - 91%
Authority - 92%



A short percentage-based assessment of the qualitative benefit of the recent article highlighting eDiscovery merger, acquisition, and investment activities and market growth and how these trends and future projections hold crucial insights for emerging markets in Europe.

Editor’s Note: This article delves into the eDiscovery market, focusing on its trajectory from 2001 through today as it pertains to mergers, acquisitions, and investments (M&A+I). A detailed year-on-year analysis uncovers the industry’s resilience amidst global challenges and its response to changing technological and regulatory landscapes. The article further sheds light on the projected growth in the eDiscovery market, both in terms of software and services. A noteworthy highlight of the article is the special emphasis on how these trends and future projections hold crucial insights for emerging markets in Europe. The piece also provides a comparative analysis of the eDiscovery market growth in the United States and the rest of the world, underscoring the global relevance of this industry and hinting at burgeoning opportunities for international collaboration and standardization.

ComplexDiscovery Backgrounder

Tracing the Path of eDiscovery M&A Activity and Market Growth Trajectory and Its Implications for Europe’s Emerging Markets

Industry Education

A General History of Investments in eDiscovery

The eDiscovery ecosystem, a dynamic tapestry woven of technology, law, and corporate governance, has seen dramatic fluctuations in merger, acquisition, and investment (M&A+I) activity over the years. The industry, which enables organizations to identify, collect, and produce electronically stored information (ESI) in response to legal cases and investigations, has had its share of boom and bust periods.

The journey of the eDiscovery market, seen through the lens of M&A+I, presents an interesting narrative. The early years from 2001 to 2006 saw the market’s genesis, with M&A+I activity fairly low and gradually intensifying, from just a single event in 2001 to 17 events in 2006. This slow-burn beginning mirrored the market’s burgeoning stage, with businesses tentatively exploring the potential of eDiscovery services.

From 2007 to 2009, the global financial crisis cast its shadow, leading to a contraction in M&A+I activity. Despite the economic turmoil, the ecosystem proved its resilience. The number of M&A+I events, although dipping slightly from 15 in 2008 to 13 in 2009, displayed the industry’s tenacity in the face of global economic adversity.

Post-crisis, the years from 2010 to 2013 witnessed the market rebounding and then some. Activity rose gradually from 19 events in 2010 to 22 in 2013, signaling the industry’s recovery and continued growth.

A significant upswing occurred between 2014 and 2016, with M&A+I events catapulting to 35 in 2014 and peaking at 41 in 2015, before a slight decline to 40 in 2016. However, 2017 painted a different picture with a substantial drop to 25 events, reflecting the interplay of market dynamics and regulatory factors.

The market stability returned during 2018 and 2019, with 47 M&A+I events each year. This stability, however, faced the unprecedented challenge of the COVID-19 pandemic in 2020, leading to a decrease in M&A+I activity to 36 events. Yet, the indomitable spirit of the eDiscovery ecosystem shone through in 2021 with a dramatic surge to 55 events, underpinned by the increased reliance on digital tools and remote work arrangements.

The data from 2022 reveals a decrease to 21 events, possibly reflecting market consolidation following the peak in 2021 or other economic considerations. As we move through 2023, even with the data limited to Q1 and Q2, the market indicates a stabilizing trend within the 25-35 event range.

Chart 1 – Merger, Acquisition, and Investments by Year

Merger, Acquisition, or Investment Events vs. Year – Q223 – Update

What’s interesting to note is the potential growth opportunities that the eDiscovery market is predicted to experience. The estimated market size for eDiscovery services is projected to increase from $9.27 billion in 2022 to $13.61 billion in 2027. Concurrently, the eDiscovery software market is forecasted to grow from $4.78 billion in 2022 to $8.7 billion in 2027.

Chart 2 – eDiscovery Software and Services Market 

eDiscovery Software and Services Market (2022-2027) – New Update

Investment Considerations for Emerging European Markets

The study of M&A+I activity and the projected market growth provides invaluable insights for emerging markets in Europe. The history of the eDiscovery industry outlines how it can withstand financial crises and global pandemics, adapt to regulatory changes, and capitalize on technological advancements. The predicted growth in eDiscovery services and software is a clarion call for European emerging markets to invest and innovate in this sector. The adoption and expansion of eDiscovery capabilities can lead to increased efficiency in legal proceedings, enhanced data management, and potentially significant economic benefits.

The market fluctuations signal to European companies the importance of strategic timing when considering M&A+I activity. Being able to recognize periods of expansion and contraction can help optimize investment decisions and mitigate potential risks.

eDiscovery technology is instrumental in fostering a culture of corporate transparency and compliance, which is especially pertinent given the European Union’s stringent data protection laws, such as the General Data Protection Regulation (GDPR). In a digital age where data is the new oil, eDiscovery services and software provide the necessary infrastructure for companies to manage and analyze their data in an efficient, lawful manner.

From a broader perspective, the anticipated growth of the eDiscovery market represents a burgeoning field for job creation and skills development. As the eDiscovery market continues to expand and mature, a host of opportunities, from legal professionals to IT specialists, will be generated. Therefore, European nations can benefit from encouraging education and training in this domain, equipping their workforce with skills that will remain relevant and in demand for the foreseeable future.

Additionally, the robust M&A+I activity in the eDiscovery sector hints at the overall health and viability of the industry. For European markets, especially those emerging from economic hardship or looking to diversify their economies, the eDiscovery industry offers a sustainable and promising avenue for growth.

Understanding the past and current M&A+I trends in the eDiscovery industry and the projected market growth is crucial for European emerging markets. It can guide investment decisions, drive regulatory policies, foster a climate of transparency and compliance, and spur economic and job growth. As the world continues to navigate the complexities of the digital age, the role and relevance of the eDiscovery industry will only increase, offering a beacon of opportunity and growth for those willing to invest in its potential.

Market Opportunity for Emerging European Markets

The expansion of the eDiscovery market is not only a domestic trend but also a global phenomenon. The comparison of market sizes in the United States versus the rest of the world reinforces this reality. In 2022, the eDiscovery market size in the United States is expected to be $8.71 billion, whereas the market size for the rest of the world stands at $5.34 billion.

Projected growth in the United States indicates an increase to $9.25 billion in 2023, $9.89 billion in 2024, $10.66 billion in 2025, $11.59 billion in 2026, and finally $12.72 billion in 2027. This steady growth underscores the market’s sustained relevance within the United States.

Concurrently, the eDiscovery market size for the rest of the world is also on an upward trajectory. The forecasted growth for this market is $5.91 billion in 2023, $6.6 billion in 2024, $7.41 billion in 2025, $8.39 billion in 2026, and it is predicted to reach $9.59 billion by 2027. This points towards a global realization of the importance of eDiscovery services and software.

The comparison between the United States and the rest of the world underscores the universal relevance of the eDiscovery industry. For European emerging markets, this provides an encouraging signal. With the United States leading in the utilization of eDiscovery, Europe and other regions can learn from its experiences and develop strategies that cater to their unique legal, corporate, and technological landscapes.

The growth in the rest of the world suggests that global economies recognize the value of eDiscovery, opening up further possibilities for international collaboration and standardization. Such an environment can lead to further market growth and present expanded opportunities for M&A+I activities, especially for emerging markets in Europe.

Chart 3 – eDiscovery Market Geographical Overview

eDiscovery Market Geographical Overview (2022-2027) – Update

A Wealth of Opportunity for Emerging European Markets

The global expansion of the eDiscovery market, exemplified by the United States and the rest of the world, represents a wealth of opportunities. For emerging markets in Europe, these insights can pave the way for strategic investments, regulatory advancements, and wider adoption of eDiscovery services and software, catalyzing their entry into this dynamic and growing industry.

Assisted by GAI and LLM Technologies

Additional Reading

Source: ComplexDiscovery


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 2, Midjourney, and DALL-E2, 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 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.


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 is a premier online publication renowned for providing essential insights and intelligence in the realms of cybersecurity, information governance, and legal discovery to professionals navigating these fields. As a leading source of information, the publication expertly combines original research with aggregated news to cater to a highly specialized audience. Committed to enhancing readers’ understanding of relevant topics, ComplexDiscovery stands as an impartial and comprehensive resource for exploring trends, technologies, and services associated with electronically stored information.

The driving force behind this influential publication is ComplexDiscovery OÜ, a technology marketing firm that excels in strategic planning and tactical execution for organizations operating within these sectors. Registered as a private limited company in Estonia, a global leader in digital advancements, ComplexDiscovery OÜ dedicates its primary focus to supporting the publication. The company capitalizes on its virtual presence to provide marketing consulting and services to a diverse array of clients around the world, further solidifying its reputation as a leading voice in the eDiscovery ecosystem.