Gartner Makes $1.5B E-Discovery Prediction
In Gartner’s report "Magic Quadrant for E-Discovery Software", the technology research firm predicted the worldwide electronic discovery (e-discovery) market will reach $1.5 billion in revenue in 2013. Law Technology News reports signs of a maturing and increasingly mainstream market include vendor consolidation, industry standards, and a focus on data integration. The e-discovery market saw revenue of $889 million in 2009.
"A quarter of all e-discovery companies will be consolidated by 2014, Bace and Logan said, and mainstream IT companies are expected to get involved. ‘We've had interest from [Hewlett-Packard], as they've announced information governance at least,’ via a partnership with Clearwell established in January 2008, Logan said. ‘Will Oracle do something? And certainly anyone who sells storage will have to do something with this,’ along with Microsoft which already has email archiving technology, she said.”