Global legaltech artificial intelligence market expected to generate around USD 37,858 million by 2026, at a CAGR of around 35.94% between 2019 and 2026. Artificial intelligence (AI) is increasingly transforming the field of law practice. Many legal professionals are aware that AI can significantly reduce cost and time while increasing accuracy.
LegalTech Artificial Intelligence Market
The report covers a forecast and an analysis of the legaltech artificial intelligence market on a global and regional level. The study provides historical data for 2017 and 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the legaltech artificial intelligence market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the legaltech artificial intelligence market on a global level.
In order to give the users of this report a comprehensive view of the legaltech artificial intelligence market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to the region.
The study provides a decisive view of the legaltech artificial intelligence market based on application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation also includes major countries, such as UK, Germany, France, the U.S., and China, among others.
Some major players operating in the global legaltech artificial intelligence market are Blue J Legal, Casetext Inc., Catalyst Repository Systems, eBREVIA, Everlaw, FiscalNote, Judicata, Justia, Knomos Knowledge Management Inc., Lawgeex, Legal Robot, Inc., LEVERTON, LexMachina, Loom Analytics, Luminance Technologies Ltd., Ravel Law, ROSS, and vLex.com, among others.
This report segments the global legaltech artificial intelligence market into:
Global LegalTech Artificial Intelligence Market: Application Analysis
Global LegalTech Artificial Intelligence Market: End-User Analysis
Global LegalTech Artificial Intelligence Market: Regional Analysis