Market Research Report

Global Legal AI Software Market Report By Component (Solutions, Services), Technology (Machine Learning and Deep Learning, Natural Language Processing), Deployment (Cloud, On-Premises), End User (Corporate Legal Departments, Law Firms), Application (EDiscovery, Legal Research, Contract Management, Compliance, Case Prediction And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11211384
April 2021
Report Formats: Electronic (PDF), MS EXCEL
The global demand for Legal AI Software Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
 
Artificial Intelligence (AI) is increasing its footsteps in different areas by using the concept of making the computers learn and handle complex tasks that were previously done by human beings. With better accuracy and speed, AI is helping lawyers to simplify work processing. Legal AI refers to technologies such as machine learning, natural language processing in relation to legal issues. The model of AI acquired high importance because of its ability to deal with a large volume of data. Owing to its accurate results along with fast testing makes it a hot topic in the field of legal practice. Legal AI has shown tremendous results in different applications.
 
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.
 
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.
 
Global Legal AI Software Market Share by Region (Representative Graph)
 
Global Legal AI Software Market Share
 
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.

METHODOLOGY:
 
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources,  Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
 
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . LEGAL AI SOFTWARE – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Component
           3.7.2 Market Attractiveness Analysis By Technology
           3.7.3 Market Attractiveness Analysis By Deployment
           3.7.4 Market Attractiveness Analysis By End User
           3.7.5 Market Attractiveness Analysis By Application
           3.7.6 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY COMPONENT
       6.1 Overview by Component
       6.2 Historical and Forecast Data
       6.3 Analysis by Component
       6.4 Solutions Historic and Forecast Sales by Regions
       6.5 Software Solutions Historic and Forecast Sales by Regions
       6.6 Platforms Historic and Forecast Sales by Regions
       6.7 Services Historic and Forecast Sales by Regions
       6.8 Professional Services Historic and Forecast Sales by Regions
       6.9 Managed Services Historic and Forecast Sales by Regions
 
7 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY TECHNOLOGY
       7.1 Overview by Technology
       7.2 Historical and Forecast Data
       7.3 Analysis by Technology
       7.4 Machine Learning and Deep Learning Historic and Forecast Sales by Regions
       7.5 Natural Language Processing Historic and Forecast Sales by Regions
 
8 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY DEPLOYMENT
       8.1 Overview by Deployment
       8.2 Historical and Forecast Data
       8.3 Analysis by Deployment
       8.4 Cloud Historic and Forecast Sales by Regions
       8.5 On-Premises Historic and Forecast Sales by Regions
 
9 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY END USER
       9.1 Overview by End User
       9.2 Historical and Forecast Data
       9.3 Analysis by End User
       9.4 Corporate Legal Departments Historic and Forecast Sales by Regions
       9.5 Law Firms Historic and Forecast Sales by Regions
 
10 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY APPLICATION
       10.1 Overview by Application
       10.2 Historical and Forecast Data
       10.3 Analysis by Application
       10.4 EDiscovery Historic and Forecast Sales by Regions
       10.5 Legal Research Historic and Forecast Sales by Regions
       10.6 Contract Management Historic and Forecast Sales by Regions
       10.7 Compliance Historic and Forecast Sales by Regions
       10.8 Case Prediction Historic and Forecast Sales by Regions
       10.9 Others Historic and Forecast Sales by Regions
 
11 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY GEOGRAPHY
       11.1. Top 10  Company Share Analysis
       11.2. Introduction
       11.3. North America Sales Analysis
           11.3.1. Overview, Historic and Forecast Sales Analysis
           11.3.2. North America By Segment Sales Analysis
           11.3.3. North America By Country Sales Analysis
           11.3.4. United State Sales Analysis
           11.3.5. Canada Sales Analysis
           11.3.6. Mexico Sales Analysis
       11.4. Europe Sales Analysis
           11.4.1. Overview, Historic and Forecast Sales Analysis
           11.4.2. Europe by Segment Sales Analysis
           11.4.3. Europe by Country Sales Analysis
           11.4.4. United Kingdom Sales Analysis
           11.4.5. France Sales Analysis
           11.4.6. Germany Sales Analysis
           11.4.7. Italy Sales Analysis
           11.4.8. Russia Sales Analysis
           11.4.9. Rest Of Europe Sales Analysis
       11.5. Asia Pacific Sales Analysis
           11.5.1. Overview, Historic and Forecast Sales Analysis
           11.5.2. Asia Pacific by Segment Sales Analysis
           11.5.3. Asia Pacific by Country Sales Analysis
           11.5.4. China Sales Analysis
           11.5.5. India Sales Analysis
           11.5.6. Japan Sales Analysis
           11.5.7. South Korea Sales Analysis
           11.5.8. Australia Sales Analysis
           11.5.9. Rest Of Asia Pacific Sales Analysis
       11.6. Latin America Sales Analysis
           11.6.1. Overview, Historic and Forecast Sales Analysis
           11.6.2. Latin America by Segment Sales Analysis
           11.6.3. Latin America by Country Sales Analysis
           11.6.4. Brazil Sales Analysis
           11.6.5. Argentina Sales Analysis
           11.6.6. Peru Sales Analysis
           11.6.7. Chile Sales Analysis
           11.6.8. Rest of Latin America Sales Analysis
       11.7. Middle East & Africa Sales Analysis
           11.7.1. Overview, Historic and Forecast Sales Analysis
           11.7.2. Middle East & Africa by Segment Sales Analysis
           11.7.3. Middle East & Africa by Country Sales Analysis
           11.7.4. Saudi Arabia Sales Analysis
           11.7.5. UAE Sales Analysis
           11.7.6. Israel Sales Analysis
           11.7.7. South Africa Sales Analysis
           11.7.8. Rest Of Middle East And Africa Sales Analysis
 
12 . COMPETITIVE LANDSCAPE OF THE LEGAL AI SOFTWARE COMPANIES
       12.1. Legal Ai Software Market Competition
       12.2. Partnership/Collaboration/Agreement
       12.3. Merger And Acquisitions
       12.4. New Product Launch
       12.5. Other Developments
 
13 . COMPANY PROFILES OF LEGAL AI SOFTWARE INDUSTRY
       13.1. Company Share Analysis
       13.2. Market Concentration Rate
       13.3. Ross Intelligence
           13.3.1. Company Overview
           13.3.2. Company Revenue
           13.3.3. Products
           13.3.4. Recent Developments
       13.4. Thomson Reuters
           13.4.1. Company Overview
           13.4.2. Company Revenue
           13.4.3. Products
           13.4.4. Recent Developments
       13.5. Veritone
           13.5.1. Company Overview
           13.5.2. Company Revenue
           13.5.3. Products
           13.5.4. Recent Developments
       13.6. IManage
           13.6.1. Company Overview
           13.6.2. Company Revenue
           13.6.3. Products
           13.6.4. Recent Developments
       13.7. Luminance
           13.7.1. Company Overview
           13.7.2. Company Revenue
           13.7.3. Products
           13.7.4. Recent Developments
       13.8. LexisNexis
           13.8.1. Company Overview
           13.8.2. Company Revenue
           13.8.3. Products
           13.8.4. Recent Developments
       13.9. Neota Logic
           13.9.1. Company Overview
           13.9.2. Company Revenue
           13.9.3. Products
           13.9.4. Recent Developments
       13.10. Everlaw
           13.10.1. Company Overview
           13.10.2. Company Revenue
           13.10.3. Products
           13.10.4. Recent Developments
       13.11. Legalsifter
           13.11.1. Company Overview
           13.11.2. Company Revenue
           13.11.3. Products
           13.11.4. Recent Developments
       13.12. Pensieve
           13.12.1. Company Overview
           13.12.2. Company Revenue
           13.12.3. Products
           13.12.4. Recent Developments
       13.13. Cognitiv+
           13.13.1. Company Overview
           13.13.2. Company Revenue
           13.13.3. Products
           13.13.4. Recent Developments
       13.14. Casetext
           13.14.1. Company Overview
           13.14.2. Company Revenue
           13.14.3. Products
           13.14.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Component (USD MN)
  •  Solutions Market Sales by Geography (USD MN)
  •  Software Solutions Market Sales by Geography (USD MN)
  •  Platforms Market Sales by Geography (USD MN)
  •  Services Market Sales by Geography (USD MN)
  •  Professional Services Market Sales by Geography (USD MN)
  •  Managed Services Market Sales by Geography (USD MN)
  •  Analysis Market by Technology (USD MN)
  •  Machine Learning and Deep Learning Market Sales by Geography (USD MN)
  •  Natural Language Processing Market Sales by Geography (USD MN)
  •  Analysis by Deployment (USD MN)
  •  Cloud Market Sales by Geography (USD MN)
  •  On-Premises Market Sales by Geography (USD MN)
  •  Analysis by End User (USD MN)
  •  Corporate Legal Departments Market Sales by Geography (USD MN)
  •  Law Firms Market Sales by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  EDiscovery Market Sales by Geography (USD MN)
  •  Legal Research Market Sales by Geography (USD MN)
  •  Contract Management Market Sales by Geography (USD MN)
  •  Compliance Market Sales by Geography (USD MN)
  •  Case Prediction Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Legal Ai Software Market Sales by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 
 LIST OF FIGURES
 
  •  Research Scope of Legal Ai Software Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Legal Ai Software Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Component
  •  Market Attractiveness Analysis by Technology
  •  Market Attractiveness Analysis by Deployment
  •  Market Attractiveness Analysis by End User
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis Component (USD MN)
  •  Solutions Market Sales by Geography (USD MN)
  •  Software Solutions Market Sales by Geography (USD MN)
  •  Platforms Market Sales by Geography (USD MN)
  •  Services Market Sales by Geography (USD MN)
  •  Professional Services Market Sales by Geography (USD MN)
  •  Managed Services Market Sales by Geography (USD MN)
  •  Global Market Analysis by Technology (USD MN)
  •  Machine Learning and Deep Learning Market Sales by Geography (USD MN)
  •  Natural Language Processing Market Sales by Geography (USD MN)
  •  Global Market Analysis by Deployment (USD MN)
  •  Cloud Market Sales by Geography (USD MN)
  •  On-Premises Market Sales by Geography (USD MN)
  •  Global Market Analysis by End User (USD MN)
  •  Corporate Legal Departments Market Sales by Geography (USD MN)
  •  Law Firms Market Sales by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  EDiscovery Market Sales by Geography (USD MN)
  •  Legal Research Market Sales by Geography (USD MN)
  •  Contract Management Market Sales by Geography (USD MN)
  •  Compliance Market Sales by Geography (USD MN)
  •  Case Prediction Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Top 10  Company Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
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  • Analyze competitive developments

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