Vision Research Reports published comprehensive research on Legal Technology Market, which provides a business strategies, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
A recent report provides crucial insights along with application based and forecast information in the global legal technology market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the legal technology market.
Report Highlights
- North America accounted for the highest market share of around 50% in 2022.
- The services segment is expected to witness the highest CAGR of over 10.52% over the forecast period.
- The software segment accounted for the highest market share of about 76% in 2022.
- The analytics segment is anticipated to witness a CAGR growth of over 11.05% from 2023 to 2032
- Contract lifecycle management accounted for the highest market share of over 26% in 2022.
- The others segment is expected to grow at a CAGR of approximately 10.03% during the forecast period.
- The law firms segment accounted for the highest market share of about 56% in 2022.
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- Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter’s 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
- The report also presents the country-wise analysis of the Vision Research Reports and includes a detailed analysis of the key factors affecting the growth of the market.
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With increasing cases of obesity all over the globe, a need for conducting an in-depth study about this healthcare issue led to the development of this report. Increasing binge eating and consumption of junk foods, neglect towards regular exercise, rising levels of stress, are key market drivers. The report discusses more information about these subjects, with a focus on the rising need for legal technology.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. With healthcare being a sensitive topic, a separate analysis is included that discusses the widespread continuing obesity all over the globe consequently increasing demand for surgical devices.
Scope of the Report
| Report Coverage | Details |
| Revenue Share of North America in 2022 | 50% |
| Revenue Forecast by 2032 | USD 56.25 billion |
| Growth Rate from 2023 to 2032 | CAGR of 9.13% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | Icertis, Inc.; Filevine Inc.; DocuSign, Inc.; Casetext Inc.; ProfitSolv, LLC; Knovos, LLC; Mystacks, Inc.; Practice Insight Pty Ltd (WiseTime); TimeSolv Corporation; Themis Solutions Inc. (Clio); Everlaw, Inc.; LexisNexis Legal & Professional Company |
Market Segmentations:
By Solution
- Software
- Cloud-based
- On-Premises
- Services
- Consulting Services
- Support Services
- Others
By Type
- E-discovery
- Legal Research
- Practice Management
- Analytics
- Compliance
- Document Management
- Contract Lifecycle Management
- Time-Tracking & Billing
- Others
By End-user
- Law Firms
- Corporate Legal Departments
- Others
By Regional
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- UAE
- South Africa
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analyzed and prime business strategies and products that offer high revenue generation capacities were indentified. Key players of the global legal technology market are included as given below:
Icertis, Inc.; Filevine Inc.; DocuSign, Inc.; Casetext Inc.; ProfitSolv, LLC; Knovos, LLC; Mystacks, Inc.; Practice Insight Pty Ltd (WiseTime); TimeSolv Corporation; Themis Solutions Inc. (Clio); Everlaw, Inc.; LexisNexis Legal & Professional Company
Reasons to Purchase this Report:
- Estimates legal technology development trends with SWOT analysis
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
- Market dynamics and opportunities for growth for players in the near future
- Competitive landscape describing the legal technology market revenue shares of key players.
- Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects
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