Electronic data discovery software sales reached $1.4 billion worldwide in 2012 and will reach $2.9 billion by 2017, predicted Gartner Inc. research vice president Tom Eid in a December report, “Forecast: Enterprise E-Discovery Software, Worldwide, 2012-2017.”
If the prediction proves correct, it means that EDD software will increase by more than 15 percent annually over the next five years with a growth rate double the rate of overall business software. That rate exceeds the growth rate of overall “enterprise” business software that targets large organizations, which is below 7 percent but the market is mature at $119 billion in 2012, Eid noted.
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