eDiscovery Market Size

eDiscovery has become a significant driver for solutions, and Debra Logan from Gartner informed me that they have adjusted the growth expectations for the ECM industry due to the amendments to the Federal Rules of Civil Procedure (FRCP) that took effect in the US on December 1, 2006. Forrester expects the eDiscovery technology spending will grow from $1.4 billion in 2006 to more than $4.8 billion in 2011. They say that FRCP will drive short-term growth for reactive eDiscovery solutions, while the desire to wrap eDiscovery into broader retention management strategies will drive significant market growth for years to come. I addressed this in my previous post “eDiscovery – the quick business case for ECM?”

The overview results of the 2006 Socha-Gelbmann Electronic Discovery Survey Report are now available on their website. Judging from consumer and provider expectations, they anticipate that the eDiscovery market will grow approximately 37 percent from 2005 to 2006; 37 percent from 2006 to 2007; and 29 percent from 2007 to 2008. The full report - 294 pages long - is available for purchase, and they expect the following eDiscovery market values:

• 2006 - $1.768B
• 2007 - $2.423B
• 2008 - $3.134B

This makes you wonder who will be the next eDiscovery poster boys to replace Morgan Stanley and WestLB...? For more information about WestLB's eDiscovery costs take a look at this post from eDiscovery Law, or this post from Baseline Magazine. WestLB had to dig up 650,000 email messages and documents from servers, backup tapes and individual PCs as a response to a discrimination law suit.

Comments

[Benjamin Wright]

AIIM:
E-discovery reflects the natural collision of technology and legal practice. As an enterprise creates an ever-growing mountain of records, adversaries of course want access to it. Knowing that litigation and e-discovery are inevitable, an enterprise can use technology proactively to make records more benign. --Ben http://hack-igations.blogspot.com/2008/05/nix-smoking-gun-e-discovery.html