For Information & Knowledge Management Professionals (Length: 13 pages)

Executive Summary (This is a document excerpt)

eDiscovery technology spending will grow from $1.4 billion in 2006 to more than $4.8 billion in 2011 as enterprises realize that they have no choice but to prepare for electronic discovery. Amendments to the Federal Rules of Civil Procedure (FRCP) taking effect on December 1, 2006 will drive short-term growth for reactive eDiscovery solutions, while the desire to wrap eDiscovery into broader retention management strategies will drive significant market growth for years to come. As you investigate eDiscovery solutions, get the right team (legal, records management, and IT) together to make eDiscovery solutions decisions, and expect a fragmented technology marketplace that may require you to source from multiple vendors or to outsource.