Global market intelligence firm IDC has released the IDC MarketScape Worldwide eDiscovery SaaS Review Software 2019 Vendor Assessment (doc #US44752919, August 2019) with some not-too-surprising results. DISCO was named a worldwide ediscovery SaaS (software-as-a-service) Review Software leader by the IDC MarketScape, based on enterprise-caliber application, ease of use, and deep, innovative functionality. If you have been paying attention to investment activity, market buzz, and high-profile defections to DISCO, this probably comes as no surprise.
DISCO outpaced all of the usual next-gen suspects handily, and is nipping at the heels of the legacy 800 lb gorilla in the room.
The report found 45.7% of ediscovery software is now deployed via SaaS, a percentage that IDC anticipates will continue to rise for the foreseeable future. This is a clear indicator that the future of discovery is decidedly SaaS — and DISCO is positioned to shepherd the practice of law into the future.
In a market teeming with ediscovery vendors, the IDC MarketScape chose to focus on companies with revenue of $25M or higher, judging that companies below this threshold are not truly players in the $10 billion dollar ediscovery market. What was interesting to me, beyond the positioning of my firm, was the number of players that did not make the cut.
Beyond revenue, all participants also had to actively license/sell an ediscovery review software delivered via public cloud commonly referred to as SaaS. This excluded all service providers and resellers.
The report noted three main factors in positioning DISCO a leader in this SaaS vendor assessment:
DISCO’s self-service ingestion makes it easy for users to quickly ingest and process massive amounts of data – all without vendor support or a massive team of analysts. The platform was designed to be user-friendly for litigation support and the attorneys reviewing on it.
Even at peak capacity, with terabytes of data and hundreds of reviewers, DISCO has industry-leading load times and no latency. With sub-second page-to-page and search times, you can say goodbye to the “spinning wheel of death™“ and accelerate review substantially.
The final thing the IDC MarketScape called out as a factor in naming DISCO a leader was the all-in pricing model, which offers predictable and transparent pricing. This simple predictable pricing model eliminates the confusion and line-item “gotcha” roulette that currently plagues the ediscovery market.
This positioning continues the amazing momentum that DISCO is seeing after starting this year with an $83 million investment and rapidly accelerating market consolidation with the platform. Keep watching for more exciting things to come as DISCO continues to set the pace of innovation and disrupt the legaltech market.