At least 30 percent of the data reviewed in e-discovery will be stored in the cloud by 2018 – compared to 5 percent currently in the cloud, according to a recent Gartner report released earlier this week.
The projection comes shortly after Transparency Market Research predicted the worldwide e-discovery market will grow at 16.2 percent in a compound annual growth rate between 2014 and 2022. The market was at $5.6 billion in 2013 and the firm predicts it will reach $21 billion by 2022, Legaltech News reported.
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