From CBR:
The eDiscovery software market is set for rapid growth, with revenues expected to surpass $1.2bn in 2010, according to analyst house Gartner. The market this year is tipped to total $1bn, a 25% increase over 2008 figures…
…The growth in the market is being fuelled by increasing levels of litigation across the business world. Craig Carpenter, VP of marketing at eDiscovery and eDisclosure form Recommind, told CBR that the economic situation was driving more companies to take legal proceedings.
“When times are good, people don’t sue each other very much; they’re making money and they have money. When times are bad, people tend to sue a lot more,” he said. “EDiscovery and eDisclosure are becoming core platforms for businesses. I think we’ll start to see more and more of this soft of software over the next few years…”
