Hard drive: The expanding role of data in litigation will fuel strong revenue growth

The rapidly increasing use of digital systems by consumers and businesses has spurred demand for the e-Discovery Consulting industry. In the coming years, the continued reliance on information systems will continue to drive industry growth. Stronger corporate profit and a rising number of services completed online will drive need for systems that can better handle data, boosting industry demand...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
12.5%
Forecast Growth 16-21
Profit
Employment
19,350
Businesses
4,391
Market Share of Companies

Industry Threats & Opportunities

  • The continued reliance on information systems will drive industry growth
  • Law firms are increasingly using in-house e-discovery services, threatening industry demand
  • The percentage of services conducted online will grow, boosting demand for industry services
  • Industry Report - Industry Key Buyers Chapter

    The e-Discovery Consulting Services industry has a low level of concentration, with the four largest industry players estimated to account for 18.6% of total revenue in 2016. Customers typically seek out companies with a wide array of services, including consulting and software services. In 2016, EPIQ Systems Inc. is estimated to be the largest player with 7.9% of the market. EPIQ Systems offers both consulting services and allows clients access its proprietary software. Consulting firms that offer both consulting and software are better able to adapt to the changing e-discovery market. As e-discovery increases in importance, many law firms, the industry's largest customer segment, have been trying to establish their own e-discovery services. Wit...purchase to read more.

    Additional Insights for the e-Discovery Consulting Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the e-Discovery Consulting Services Industry are

  • Fast technology adoption
  • Symbiotic relationships
  • A diverse range of clients
  • IBISWorld analysts also discuss how external factors such as Demand from law firms and Percentage of services conducted online in the e-Discovery Consulting Services industry impact industry performance..

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    What's in this report

    What is the e-Discovery Consulting Services Industry?

    This industry provides e-discovery services, usually for software and systems integration, that search, locate and secure data to use as evidence in court. Industry operators provide e-discovery consulting services, including collecting, processing and reviewing data, to end users like law firms, corporations, hospitals and government agencies. This industry excludes e-discovery software publishing, although some consulting firms may also develop their own software.

    Industry Products
  • Processing, review and analysis
  • Information management
  • Identification
  • Preservation and collection
  • Production
  • Industry Activities
  • Databasing and culling electronically stored information (ESI)
  • Processing and producing reports about ESI
  • Early discovery
  • Forensic and investigative collection
  • Software production
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from law firms
  • Percentage of services conducted online
  • Corporate profit
  • Government consumption and investment
  • Number of businesses

  • Current Performance
  • Technological developments
  • New litigation opportunities and threats
  • Regulatory impacts
  • Industry expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Data dependence
  • Government investment
  • Consolidation
  • Table: e-Discovery Consulting Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - e-Discovery Consulting Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Law Firms
  • Administration, Business Support & Waste Management Services
  • Healthcare and Social Assistance

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • IT Consulting
  • Management Consulting

  • Products & Services
  • Processing, review and analysis
  • Information management
  • Identification
  • Preservation and collection
  • Production
  • Chart: e-Discovery Consulting Services Industry Products and Services Segmentation

  • Demand Determinants
  • Government regulations
  • Litigation activity
  • Company budgets
  • Data volume and type

  • Major Markets
  • Law firms
  • Government agencies
  • Other markets
  • Chart: Major Market Segmentation for the e-Discovery Consulting Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs e-Discovery Consulting Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the e-Discovery Consulting Services Industry

  • Industry Globalization
    EPIQ Systems Inc., Document Technologies Inc.,
  • Table: EPIQ Systems Inc. - financial performance
  • Table: Document Technologies Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the e-Discovery Consulting Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the e-Discovery Consulting Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Percentage of services conducted online (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cloud Computing
  • The delivery of computing as a service rather than a product, whereby shared resources, software and information are provided to computers and other devices as a utility over the internet.
  • Culling
  • The separation of relevant documents from irrelevant ones.
  • Electronically Stored Information (Esi)
  • Information created, manipulated, communicated, stored and best utilized in digital form, requiring the use of computer hardware and software.
  • Legal Hold
  • The preservation of all forms of relevant information when legal actions are forthcoming or expected.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s e-Discovery Consulting Services Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on e-Discovery Consulting Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The e-Discovery Consulting Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on e-Discovery Consulting Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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