Legal AI Software Market Size, Share

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, 2019-2026

ID:VMR11211384

January 2020

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Description
Table Of Content

The global demand for Legal AI Software Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020- 2026.

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

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 . 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 Legal Ai Software Market
       2.2. Global Legal Ai Software Market Snapshot

3 . LEGAL AI SOFTWARE – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Legal Ai Software Market
       3.3. Market Restraints of Legal Ai Software Market
       3.4. Opportunities of Legal Ai Software Market
       3.5. Trends of Legal Ai Software Market
       3.6. Porter’s Five Force Analysis of Legal Ai Software Market
       3.7. Legal Ai Software Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Component
           3.7.2 Market Attractive Analysis by Technology
           3.7.3 Market Attractive Analysis by Deployment
           3.7.4 Market Attractive Analysis by End User
           3.7.5 Market Attractive Analysis by Application
           3.7.6 Market Attractive Analysis by Region

4 . VALUE CHAIN ANALYSIS
       4.1. Legal Ai Software Value Chain Analysis
       4.2. Legal Ai Software Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Legal Ai Software Raw Material Manufactures List
           4.2.3. Price Trend of Legal Ai Software 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 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY COMPONENT
       5.1 Overview by Component
       5.2 Global Legal Ai Software Market Analysis by Component
       5.3 Market Analysis of Solutions by Regions
       5.4 Market Analysis of Services by Regions

6 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY TECHNOLOGY
       6.1 Overview by Technology
       6.2 Global Legal Ai Software Market Analysis by Technology
       6.3 Market Analysis of Machine Learning and Deep Learning by Regions
       6.4 Market Analysis of Natural Language Processing by Regions

7 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY DEPLOYMENT
       7.1 Overview by Deployment
       7.2 Global Legal Ai Software Market Analysis by Deployment
       7.3 Market Analysis of Cloud by Regions
       7.4 Market Analysis of On-Premises by Regions

8 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY END USER
       8.1 Overview by End User
       8.2 Global Legal Ai Software Market Analysis by End User
       8.3 Market Analysis of Corporate Legal Departments by Regions
       8.4 Market Analysis of Law Firms by Regions

9 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY APPLICATION
       9.1 Overview by Application
       9.2 Global Legal Ai Software Market Analysis by Application
       9.3 Market Analysis of EDiscovery by Regions
       9.4 Market Analysis of Legal Research by Regions
       9.5 Market Analysis of Contract Management by Regions
       9.6 Market Analysis of Compliance by Regions
       9.7 Market Analysis of Case Prediction by Regions
       9.8 Market Analysis of Others by Regions

10 . GLOBAL LEGAL AI SOFTWARE MARKET ANALYSIS BY GEOGRAPHY
       10.1. Regional Outlook
       10.2. Introduction
       10.3. North America
           10.3.1. Overview
           10.3.2. North America Legal Ai Software Market Estimate by Country
           10.3.3. United State
           10.3.4. Rest of North America
       10.4. Europe
           10.4.1. Overview
           10.4.2. Europe Legal Ai Software Market Estimate by Market Segment
           10.4.3. Europe Legal Ai Software Market Estimate by Country
           10.4.4. United Kingdom
           10.4.5. France
           10.4.6. Germany
           10.4.7 Rest of Europe
       10.5. Asia Pacific
           10.5.1. Overview
           10.5.2. Asia Pacific Legal Ai Software Market Estimate by Market Segment
           10.5.3. Asia Pacific Legal Ai Software Market Estimate by Country
           10.5.4. China
           10.5.5. Japan
           10.5.6. India
           10.5.7. Rest of Asia Pacific
       10.6. Latin America
           10.6.1. Overview
           10.6.2. Latin America Legal Ai Software Market Estimate by Market Segment
           10.6.3. Latin America Legal Ai Software Market Estimate by Country
           10.6.4. Brazil
           10.6.5. Rest of Latin America
       10.7. Middle East & Africa
           10.7.1. Overview
           10.7.2. Middle East & Africa Legal Ai Software Market Estimate by Market Segment
           10.7.3. Middle East & Africa Legal Ai Software Market Estimate by Country
           10.7.4. Middle East
           10.7.5. Africa

11 COMPETITIVE LANDSCAPE OF THE LEGAL AI SOFTWARE COMPANIES
       11.1. Legal Ai Software Market Competition
       11.2. Partnership/Collaboration/Agreement
       11.3. Merger And Acquisitions
       11.4. New Product Launch
       11.5. Other Developments

12 COMPANY PROFILES OF LEGAL AI SOFTWARE INDUSTRY
       12.1. Company Share Analysis
       12.2. Market Concentration Rate
       12.3. Ross Intelligence
           12.3.1. Company Overview
           12.3.2. Financials
           12.3.3. Products
           12.3.4. Recent Developments
       12.4. Thomson Reuters
           12.4.1. Company Overview
           12.4.2. Financials
           12.4.3. Products
           12.4.4. Recent Developments
       12.5. Veritone
           12.5.1. Company Overview
           12.5.2. Financials
           12.5.3. Products
           12.5.4. Recent Developments
       12.6. IManage
           12.6.1. Company Overview
           12.6.2. Financials
           12.6.3. Products
           12.6.4. Recent Developments
       12.7. Luminance
           12.7.1. Company Overview
           12.7.2. Financials
           12.7.3. Products
           12.7.4. Recent Developments
       12.8. LexisNexis
           12.8.1. Company Overview
           12.8.2. Financials
           12.8.3. Products
           12.8.4. Recent Developments
       12.9. Neota Logic
           12.9.1. Company Overview
           12.9.2. Financials
           12.9.3. Products
           12.9.4. Recent Developments
       12.10. Everlaw
           12.10.1. Company Overview
           12.10.2. Financials
           12.10.3. Products
           12.10.4. Recent Developments
       12.11. Legalsifter
           12.11.1. Company Overview
           12.11.2. Financials
           12.11.3. Products
           12.11.4. Recent Developments
       12.12. Pensieve
           12.12.1. Company Overview
           12.12.2. Financials
         12.12.3. Products
           12.12.4. Recent Developments
       12.13. Cognitiv+
           12.13.1. Company Overview
           12.13.2. Financials
           12.13.3. Products
           12.13.4. Recent Developments
       12.14. Casetext
           12.14.1. Company Overview
           12.14.2. Financials
           12.14.3. Products
           12.14.4. 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

LIST OF FIGURES

* 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
Study the company profiles of the major market players with their market share
Analyze competitive developments

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