Extra! Extra! The Results Are In: 2014 Ediscovery Magic Quadrant
The wait is over. We somehow made it through the long winter’s polar vortex, the spring’s torrential rain fall, and now, the big summer announcement that we have all been waiting for is finally here! Industry analyst, Gartner, has released its annual report, “2014 Magic Quadrant for E-Discovery Software”.
Partly, a “state of the union” and partly a provider evaluation, the report provides excellent insight into the industry’s current trends and future outlook. As in years past, Gartner evaluates providers by placing them in one of four quadrants – leaders, challengers, niche players, and visionaries. This year, Gartner evaluated 22 ediscovery software players on their ability to execute and completeness of vision, with 9 providers – including Kroll Ontrack – falling into the coveted Leaders quadrant. In addition, Gartner forecasted the ediscovery software market to grow from $1.8 billion in 2014 to $3.1 billion in 2018 because of increasing volumes of litigation and regulatory investigations and the always expanding volume of ESI. Lastly, Gartner discussed the ever changing buyer requirements in the ediscovery market. From full EDRM functionality and more sophisticated ways of understanding growing datasets, to transparent, simple pricing and links between ediscovery and cybersecurity offerings – Gartner advised that vendors stay on top of constant evolutions in ediscovery. With Gartner’s prominence and brand recognition, this Magic Quadrant is certainly one that corporations (and to some extent law firms too) turn to for guidance in ediscovery purchasing decisions.
As I look upon the time since the last Gartner Magic Quadrant, it has been a blockbuster twelve months for Kroll Ontrack with the launch of ediscovery.com. This hard work is reflected in Gartner’s evaluation, and once again, Kroll Ontrack was placed in the Leader’s Quadrant. According to Gartner, those in the premier Leader’s Quadrant “execute well against their current vision and are well positioned for tomorrow.” Kroll Ontrack was specifically recognized for its “compelling vision” and “flexible and reliable solutions”.
Check out the complete, downloadable copy of the 2014 Magic Quadrant for E-discovery Software at ediscovery.com.