The eDiscovery marketplace grew in 2014 with total software revenue reaching $1.8 billion worldwide, according to a Gartner report.
It estimated 10.6 percent growth in the enterprise eDiscovery software marketplace in 2014, and a five-year compound annual growth rate of around 12 percent.
The e-discovery scope and need for technology is increasing as organizations consider how to preserve social, Web and other new forms of data, the report said.
“That’s more of a long term growth factor,” said Tom Barnett, special counsel in eDiscovery and data science at Paul Hastings. “It’s not that every case now involves text, IM and social media, but more and more it’s starting to ...