The mashed potatoes image can only mean one thing: it’s time for the 2023 eDiscovery Market Size Mashup from Rob Robinson & ComplexDiscovery!

Rob released the 2023 eDiscovery Market Size Mashup – also known as the Market Size Forecast for 2023-2028 – yesterday! I still like to call it the “mashup”! 🙂

This is the twelfth(!) year I’ve covered the “mashup” (and the fourth year on eDiscovery Today). Taken from a combination of public market sizing estimations as shared in leading electronic discovery publications, posts, data points and discussions (sources listed on Complex Discovery), the 2023 eDiscovery Market Size Mashup shares general market sizing estimates for the software and services area of the electronic discovery market for the years between 2023 and 2028.

Here are some highlights (based on the estimates from the compiled sources on Rob’s site):

• The eDiscovery market is set to experience steady growth from 2023 through 2028. The aggregate market size is anticipated to grow from $15.09 billion to $22.65 billion, with a Compound Annual Growth Rate (CAGR) of 8.46%, which is a drop from the 9.69% CAGR reported last year.
• The software segment of the eDiscovery market is forecasted to grow at a more impressive CAGR of 11.40% (down from 12.72% reported last year). Starting at $5.28 billion in 2023, the market size for eDiscovery software is projected to reach $9.06 billion by 2028.
• While the services segment grows at a slower rate than software, with a CAGR of 6.73% (down from 7.98% reported last year), it maintains a larger share of the overall market. The total market size for eDiscovery services is expected to increase from $9.81 billion in 2023 to $13.59 billion in 2028.
• In terms of spending, the total market size for on-premise eDiscovery software is expected to rise from $1.69 billion in 2023 to $2.45 billion in 2028. Although this represents a growth in dollar value, it is modest compared to the surge in off-premise software spending, which is forecasted to jump from $3.59 billion in 2023 to $6.61 billion in 2028.
• The breakdown of the eDiscovery market by 2028 is expected to be as follows: 60% review ($13.59 billion), 20% processing ($4.53 billion) and 20% collection ($4.53 billion).

There are a lot more stats, so check out Rob’s 2023 eDiscovery Market Mashup here! You can even go back for an extra helping! 😉

So, what do you think of the 2023 eDiscovery Market Mashup?  Do any of these numbers surprise you?  Please share any comments you might have or if you’d like to know more about a particular topic.

Disclaimer: The views represented herein are exclusively the views of the authors and speakers themselves, and do not necessarily represent the views held by my employer, my partners or my clients. eDiscovery Today is made available solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Today should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.