PRAGUE /FRAMINGHAM, Mass., January 11 , 2016 – In a newly released study, International Data Corporation (IDC ) forecasts that worldwide eDiscovery services reached $8.2 billion at the end of 2015. Combined with an eDiscovery software market of just over $2 billion, the global eDiscovery market has eclipsed the $10 billion threshold. The total eDiscovery market is forecast to grow at a 9.8% compound annual growth rate (CAGR) pushing combined software and services over $14.7 billion by 2019. (TZ)
Additional key research findings include:
• International growth is finally beginning to take off – a bit. The Americas region continues to be (and will continue to be) the largest region; however, both Europe and Asia are seeing an uptick in demand for eDiscovery services. By 2019, Europe is expected to comprise almost 23% of the market and Asia just over 7%.
About IDC – International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 46 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.Follow IDC on Twitter at @IDC.