eDiscovery Market Expected to Swell

Despite the fact that the recession has forced many small businesses to cut financial corners, a new article on TechTarget suggests that the need for eDiscovery services is on the rise, and will continue to be through the next year. As we increasingly rely on email communications, many companies feel that an effective program to backlog those communications has become non-negotiable. Additionally, many business owners and records management heads have become aware that digital document management will save them money. There are some interesting statistics available in this article, and I'll provide some of them below. Follow the link for full text.

From TechTarget:

In a Dec. 2008 report, Stamford, Conn.-based Gartner Inc. predicted that spending on e-discovery software technologies and service offerings will grow between 25% and 35% through 2012. A SearchStorage.com survey conducted this year showed that just 14% of the 657 respondents have implemented or will implement e-discovery tools this year. One key change that drew the attention of corporate legal counsel were the 2006 amendments to the Federal Rules of Civil Procedure (FRCP), which govern civil actions in federal courts. For the first time, the rules spelled out obligations for preserving electronically stored information (ESI).