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, 2018-2025
ID:VMR11211384
October 2019
Report Formats:
The global demand for Legal AI Software Market is presumed to reach the valuation of nearly USD XXX MN by 2025 from USD XXX MN in 2018 with a CAGR of X.XX% under the study period of 2019- 2025.
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.
Europe Legal AI Software Market By Revenue (USD MN)
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. INTRODUCTION
- Introduction To Legal AI Software
- Report Description
- Objectives Of The Study
- Assumptions
- Research Scope
- Research Methodology
- Data Source
2. EXECUTIVE SUMMARY
- Market Highlight
- Global Legal AI Software Market: Snapshot
3. MARKET ANALYSIS
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Value Chain Analysis
4. LEGAL AI SOFTWARE MARKET ANALYSIS BY COMPONENT
- Market In Solutions
- Market In Software Solutions
- Market In Platforms
- Market In Services
- Market In Professional Services
- Market In Managed Services
5. LEGAL AI SOFTWARE MARKET ANALYSIS BY TECHNOLOGY
- Market In Machine Learning and Deep Learning
- Market In Natural Language Processing
6. LEGAL AI SOFTWARE MARKET ANALYSIS BY DEPLOYMENT
- Market In Cloud
- Market In On-Premises
7. LEGAL AI SOFTWARE MARKET ANALYSIS BY END USER
- Market In Corporate Legal Departments
- Market In Law Firms
8. LEGAL AI SOFTWARE MARKET ANALYSIS BY APPLICATION
- Market In EDiscovery
- Market In Legal Research
- Market In Contract Management
- Market In Compliance
- Market In Case Prediction
- Market In Others
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
10. COMPETITIVE LANDSCAPE OF THE LEGAL AI SOFTWARE COMPANIES
- Market Competition
- Partnerships/Collaborations/Agreements
- Mergers And Acquisitions
- New Product Launches
- Other Developments
11. COMPANY PROFILES OF THE LEGAL AI SOFTWARE INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Ross Intelligence
- Thomson Reuters
- Veritone
- IManage
- Luminance
- LexisNexis
- Neota Logic
- Everlaw
- Legalsifter
- Pensieve
- Cognitiv+
- Casetext
* Tentative TOC
LIST OF TABLES
Table 1. Market Highlights Of Legal AI Software
Table 2. Global Legal Ai Software Market By Component
Table 3. Global Legal Ai Software Market By Technology
Table 4. Global Legal Ai Software Market By Deployment
Table 5. Global Legal Ai Software Market By End-User
Table 6. Global Legal Ai Software Market By Application
Table 7. Global Legal Ai Software Market By Geography
Table 8. North America Legal Ai Software Market
Table 9. Europe Legal Ai Software Market
Table 10. Asia Pacific Legal Ai Software Market
Table 11. Latin America Legal Ai Software Market
Table 12. Middle East And Africa Legal Ai Software Market
Table 13. Partnership/Collaboration/Agreements
Table 14. Mergers And Acquisitions
Table 15. New Product Development
Table 16. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Legal AI Software Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Legal AI Software
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Legal AI Software Market By Component
Fig. 8. Global Legal AI Software Market By Technology
Fig. 9. Global Legal AI Software Market By Deployment
Fig. 10. Global Legal AI Software Market By End-User
Fig. 11. Global Legal AI Software Market By Application
Fig. 12. Global Legal AI Software Market By Geography
Fig. 13. North America Legal AI Software Market
Fig. 14. Europe Legal AI Software Market
Fig. 15. Asia Pacific Legal AI Software Market
Fig. 16. Latin America Legal AI Software Market
Fig. 17. Middle East And Africa Legal AI Software Market
Fig. 18. Market Share Of Legal AI Software Companies
Fig. 19. Recent Developments In Legal AI Software Industry
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
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
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