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Gartner UK Ltd

Gartner Says E-Discovery Software Marketplace is Set to Continue High-Growth Pace

Worldwide Market is Predicted to Surpass $1.2 Billion in 2010

(PresseBox) (Stamford, )
Worldwide electronicdiscovery (ediscovery) software revenue is on pace to total $1 billion in 2009, a 25 per cent increase from 2008 revenue of $807.6 million, according to Gartner, Inc. In 2010, the market is forecast to surpass $1.2 billion, a 23 per cent increase from 2009 (see Table 1).

Ediscovery is the identification, preservation, collection, preparation, review and production of electronically stored information associated with legal and government proceedings. Ediscovery technology can be provided as a standalone application, embedded in other applications or services, or accessed as a softwareasaservice (SaaS) offering.

"Increasingly, more organisations are being confronted with litigation regarding bribery and corruption, foreign corrupt practices, securities and financial fraud, government contracting abuses, and healthcare fraud," said Tom Eid, research vice president at Gartner. "Such unplanned events underscore the need for moreeffective business information strategy and information governance policies."

Mr Eid said that the ediscovery market is in a period of simultaneous growth and consolidation that should last through 2011. Market and technology consolidation will continue during the next several years as vendors expand their product and service portfolios, obtain marketcentric expertise, and acquire new customer bases. As the ediscovery market shifts from an emerging market to a highgrowth market, Gartner expects new vendor entrants and nontraditional competitors to participate through technology partnerships and acquisitions.

Until now, vendor revenue for ediscovery has focused on the US, with approximately 90 per cent of market revenue for 2008. However, going forward, market growth is also expected in commonlaw jurisdictions, such as Australia, Canada, South Africa and the UK, as new civil litigation regulations are passed regarding privacy and disclosure. In addition, many organisations based in the US have subsidiaries in countries around the world that will provide further pockets of regional growth.

"The December 2006 amendments to the Federal Rules of Civil Procedures (FRCP) in the US regarding the discovery of electronically stored information (ESI) and passing of subsequent similar statutes in other countries, has really spurred market interest in ediscovery," said Mr Eid. "This is prompting many companies to rethink their overall information management strategies, from the policy level to the implementation level."

Mr Eid said three important ediscovery market catalysts underscore the importance of linking business goals to IT risks and the ability to manage both. The three core market catalysts are:

-Transparency of business performance as aligned to governance, risk, and compliance regulations and subsequent organisational reporting.
- Mitigating IT risk through the use of realtime and continuous controls monitoring for transactions, segregation of duties, application configuration, and master data.
- Preventing business failure through fraud detection, improved userlevel and applicationlevel security, and corruption.

Additional information is available in the Gartner report "Dataquest Insight: E-Discovery Software Marketplace Continues Its High Growth Pace." The report is available on Gartner's website at http://www.gartner.com/....

Gartner UK Ltd

Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner delivers the technologyrelated insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in hightech and telecom enterprises and professional services firms, to technology investors, Gartner is the indispensable partner to 60,000 clients in 10,000 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 4,000 associates, including 1,200 research analysts and consultants in 80 countries. For more information, visit www.gartner.com.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.