The Legal AI Software Market 2021 research report gives emerging industry data, global segments and regional outlook. This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027. The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain. The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the legal AI software market include Ross Intelligence, Thomson Reuters, Veritone, IManage, Luminance, LexisNexis, Neota Logic, Everlaw, Legalsifter, Pensieve, Cognitiv+ and Casetext. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Factors like accuracy, efficiencies, cost savings and speed is the major factor driving of legal AI software market. Growing number of litigations in the legal industry across the world along with rising demand for automation are also propelling the market growth. In addition to this, rising usage of advanced technologies by legal professionals and adoption of new tools is another factor that boost the demand. However, lack of awareness, concern about data privacy and high installation cost are likely to hinder the market growth over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of legal AI software.
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Market Segmentation
The entire legal AI software market has been sub-categorized into component, technology, deployment, end-user and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Component
- Solutions
- Software Solutions
- Platforms
- Services
- Professional Services
- Managed Services
By Technology
- Machine Learning and Deep Learning
- Natural Language Processing
By Deployment
- Cloud
- On-Premises
By End User
- Corporate Legal Departments
- Law Firms
By Application
- EDiscovery
- Legal Research
- Contract Management
- Compliance
- Case Prediction
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for legal AI software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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Legal AI Software Market report issued by MarketsandMarkets™ would help to identify the strategic overview of Legal AI Software Industry growth and continue to driven by presence of prominent players.According to a new market research report "Legal AI Software Market by Component (Solutions and Services), Deployment Mode, Technology, End User (Corporate Legal Departments and Law Firms), Application (Legal Research, Contract Management, and eDiscovery), and Region - Global Forecast to 2024"published by MarketsandMarkets™, the global Legal AI Software Market to grow from USD 317 million in 2019 to USD 1,236 million by 2024, at a Compound Annual Growth Rate (CAGR) of 31.3% during the forecast period.Major growth factors for the Legal AI Software Market include an increasing demand for AI-powered customer support service and automation.Browse in-depth TOC on "Legal AI Software Market” 52- Tables 42- Figures 134- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88725278Contract management application to grow at the highest CAGR during the forecast periodThe legal AI market by applications covers eDiscovery, legal research, contract management, compliance, case prediction, and others (divorce automation, ebilling, knowledge management, and IP) segments.
The contract management is expected to grow at the highest CAGR during the forecast period, owing to an increasing demand for AI-powered solutions to streamline the entire contract management process using legal AI software solutions.ML and deep learning technology to hold the largest market size during the forecast periodThe Legal AI Software Market by technology has 2 segments: ML and deep learning, and NLP.
In the region, the growth rate can be attributed to various factors including the adoption of advanced technologies, economic developments, increasing customer demand, and high investments by legal AI software solution providers.
Driving forces in the region are large-scale investments, funding, and R activities in the marketspace.
Major law firms and independent lawyers are adopting legal AI software solutions rapidly.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=88725278The Legal AI Software Market report provides the competitive landscape and company profiles of the key vendors by their product offerings and business strategies.
Major vendors in the global Legal AI Software Market include IBM (US), OpenText (US), Thomson Reuters (US), Veritone (US), ROSS Intelligence (US), Luminance (US), LexisNexis (US), Neota Logic (US), Everlaw (US), Legalsifter (US), Pensieve (India), Cognitiv+ (UK), Casetext (US), Klarity (US), Omni Software Systems (US), Nalanda Technology (UK), LawGeex (Israel), Kira (US), and CaseMine (India).About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
The ‘Global Legal AI Software Market Report’ is a comprehensive and in-depth study on the size, share, growth, trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The entire legal AI software market has been sub-categorized into component, technology, deployment, end-user and application.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Legal AI Software Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/legal-ai-software-market/download-sampleBy ComponentSolutionsSoftware SolutionsPlatformsServicesProfessional ServicesManaged ServicesBy TechnologyMachine Learning and Deep LearningNatural Language ProcessingBy DeploymentCloudOn-PremisesBy End UserCorporate Legal DepartmentsLaw FirmsBy ApplicationEDiscoveryLegal ResearchContract ManagementComplianceCase PredictionOthersBrowse Full Global Legal AI Software Market Research Report With TOC At: https://www.valuemarketresearch.com/report/legal-ai-software-marketThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the legal AI software market include Ross Intelligence, Thomson Reuters, Veritone, IManage, Luminance, LexisNexis, Neota Logic, Everlaw, Legalsifter, Pensieve, Cognitiv+ and Casetext.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for legal AI software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The Global Legal AI Software Market Report is a comprehensive and in-depth study on the size, share, growth,trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The entire legal AI software market has been sub-categorized into component, technology, deployment, end-user and application.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Legal AI Software Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/legal-ai-software-market/download-sampleBy ComponentSolutionsSoftware SolutionsPlatformsServicesProfessional ServicesManaged ServicesBy TechnologyMachine Learning and Deep LearningNatural Language ProcessingBy DeploymentCloudOn-PremisesBy End UserCorporate Legal DepartmentsLaw FirmsBy ApplicationEDiscoveryLegal ResearchContract ManagementComplianceCase PredictionOthersThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the legal AI software market include Ross Intelligence, Thomson Reuters, Veritone, IManage, Luminance, LexisNexis, Neota Logic, Everlaw, Legalsifter, Pensieve, Cognitiv+ and Casetext.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for legal AI software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
A recent report published by TheBusinessResearchCompany on Legal Software Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Legal Software Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global legal software market.
The report covers the legal software market’s segments- eDiscovery, legal research, corporate legal departments, law firms, machine learning and deep learning, natural language processing, cloud, and on-premise.Legal Software Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Many online platforms have been introduced that provide potential clients to connect with lawyers for simple services, including trademark registration, leases, registration and execution of wills, contracts and lease agreements, dishonoring of cheques, recovering suits, and consumer complaints.
