Inside the Gartner Magic Quadrant and The Currents of Change
While the MQ report by no means constitutes a complete view of the players in the industry, LTN's resulting conversations point to trends of which many industry observers have also taken note.
August 17, 2015 at 12:00 AM
8 minute read
The original version of this story was published on Legal Tech News
Back in May, Gartner released its 2015 ” E-discovery Software Magic Quadrant (MQ) Report.” Since that time, Legaltech News had the opportunity to speak with many of the companies that received nods in the research. Along the way, we dove into the trends that are moving the space right now, and those that are likely to follow in the near future.
In its report, Gartner mentions a number of ongoing pressures shaping the e-discovery community. According to the report, the growth of the e-discovery marketplace continued unabated in 2014. Gartner estimates that total revenue for the enterprise e-discovery market was approximately $1.8 billion last year and had a compound annual growth rate of 12 percent. At the same time, rapidly diversifying data formats and volumes are making the challenge of discovery a different animal than it was a few short years ago.
Compound this with the disruption taking place within the cloud computing and Big Data arenas, and you see the outline of an industry that is both mature and on the verge of a major paradigm shift at the same time. While the MQ report by no means constitutes a complete view of the players in the industry, LTN's resulting conversations point anecdotally to trends of which many industry observers have also taken note.
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