The mashed potatoes image can only mean one thing: it’s time for the 2024-2029 eDiscovery Market Size Mashup from Rob Robinson & ComplexDiscovery!

Rob released the 2024-2029 eDiscovery Market Size Mashup Sunday! The 2024-2029 eDiscovery Market Size Mashup shares general market sizing estimates for the software and services area of the electronic discovery market for the years between 2024 and 2029. This is the thirteenth(!) year I’ve covered the “mashup” (and the fifth year on eDiscovery Today), which represents an integrated analysis of market sizing trends for the eDiscovery industry, focusing on software and services. And this “mashup” may be the biggest yet!

Here are some highlights from this year’s “mashup”:

• Global eDiscovery Market Growth: The global eDiscovery market is poised for robust growth, with total spending expected to rise from $16.89 billion in 2024 to $25.11 billion by 2029, representing a Compound Annual Growth Rate (CAGR) of 8.25%, which is a drop from the 8.46% CAGR reported last year. This growth is fueled by the increasing complexity of data, the rise of global regulations, and the adoption of advanced technologies such as artificial intelligence (AI) and cloud-based solutions.
• Software Segment Growth: Projected to grow at a CAGR of 9.43%, software spending is forecasted to increase from $6.08 billion in 2024 to $9.54 billion by 2029, driven by innovations in AI, machine learning, and predictive analytics.
• Services Segment Growth: The services segment, encompassing consulting and managed services, is expected to grow steadily at a CAGR of 7.57%, rising from $10.81 billion in 2024 to $15.57 billion by 2029.
• On-Premise vs. Off-Premise: In 2024, on-premise eDiscovery solutions accounted for 27% of the total market, equating to $1.64 billion in spending. However, their share is expected to decline modestly over the next five years, reaching 22% of the market—or $2.10 billion—by 2029. While this represents steady growth in dollar value, it highlights the relatively slower pace of adoption compared to their off-premise counterparts.
• Task Spending Trends: Review continues to dominate task spending, but its share is projected to decline from 64% in 2024 to 52% by 2029, as AI-driven efficiencies redirect resources toward collection and processing tasks.

I mentioned that I’ve been covering Rob’s mashups for thirteen years now, and (for perspective) he provides a graph of annual mashups from 2012 to 2024, showing a total market of $4.73 billion in 2012 all the way up to $25.11 billion projected in 2029!

There are a LOT more stats, so check out Rob’s 2024-2029 eDiscovery Market Mashup here! You can even go back for an extra helping! 😉

So, what do you think of the 2024-2029 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.