Legal AI Software Market Trend, Share, Growth, Size and Forecast 2030
Legal AI Software Market By Component (Software and Services), By Deployment Mode (Cloud and On-Premise), By End-User (Corporate Legal Departments and Law Firms), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 - 2030
Category: Technology & Media Report Format : PDF
Pages: 204 Report Code: ZMR-8026
Published Date: Feb-2024 Status : Published
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 2000 million | USD 5000 million | 12.14% | 2022 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Legal AI Software Market, (2023 - 2030) (USD Million)
- 2.2 Global Legal AI Software Market : snapshot
- Chapter 3. Global Legal AI Software Market - Industry Analysis
- 3.1 Legal AI Software Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing need for optimizing the utilization of resources & demand for AI tools for legal cases to drive the global market trends
- 3.3 Market Restraints
- 3.3.1. Less awareness about the advantages of AI solutions among lawyers hinders the growth of the global industry
- 3.4 Market Opportunities
- 3.4.1. Escalating need for accuracy in work to open new facets of growth for the global market
- 3.5 Market Challenges
- 3.5.1. Stringent laws regulating product utilization can prove to be a huge challenge for the growth of the industry across the globe
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Component
- 3.7.2 Market attractiveness analysis By End-User
- 3.7.3 Market attractiveness analysis By Deployment Mode
- Chapter 4. Global Legal AI Software Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Legal AI Software Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Legal AI Software Market - Component Analysis
- 5.1 Global Legal AI Software Market overview: By Component
- 5.1.1 Global Legal AI Software Market share, By Component, 2022 and 2030
- 5.2 Software
- 5.2.1 Global Legal AI Software Market by Software, 2023 - 2030 (USD Million)
- 5.3 Services
- 5.3.1 Global Legal AI Software Market by Services, 2023 - 2030 (USD Million)
- 5.1 Global Legal AI Software Market overview: By Component
- Chapter 6. Global Legal AI Software Market - End-User Analysis
- 6.1 Global Legal AI Software Market overview: By End-User
- 6.1.1 Global Legal AI Software Market share, By End-User, 2022 and 2030
- 6.2 Corporate Legal Departments
- 6.2.1 Global Legal AI Software Market by Corporate Legal Departments, 2023 - 2030 (USD Million)
- 6.3 Law Firms
- 6.3.1 Global Legal AI Software Market by Law Firms, 2023 - 2030 (USD Million)
- 6.1 Global Legal AI Software Market overview: By End-User
- Chapter 7. Global Legal AI Software Market - Deployment Mode Analysis
- 7.1 Global Legal AI Software Market overview: By Deployment Mode
- 7.1.1 Global Legal AI Software Market share, By Deployment Mode, 2022 and 2030
- 7.2 Cloud
- 7.2.1 Global Legal AI Software Market by Cloud, 2023 - 2030 (USD Million)
- 7.3 On-Premise
- 7.3.1 Global Legal AI Software Market by On-Premise, 2023 - 2030 (USD Million)
- 7.1 Global Legal AI Software Market overview: By Deployment Mode
- Chapter 8. Legal AI Software Market - Regional Analysis
- 8.1 Global Legal AI Software Market Regional Overview
- 8.2 Global Legal AI Software Market Share, by Region, 2022 & 2030 (USD Million)
- 8.3. North America
- 8.3.1 North America Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.3.1.1 North America Legal AI Software Market, by Country, 2023 - 2030 (USD Million)
- 8.3.1 North America Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.4 North America Legal AI Software Market, by Component, 2023 - 2030
- 8.4.1 North America Legal AI Software Market, by Component, 2023 - 2030 (USD Million)
- 8.5 North America Legal AI Software Market, by End-User, 2023 - 2030
- 8.5.1 North America Legal AI Software Market, by End-User, 2023 - 2030 (USD Million)
- 8.6 North America Legal AI Software Market, by Deployment Mode, 2023 - 2030
- 8.6.1 North America Legal AI Software Market, by Deployment Mode, 2023 - 2030 (USD Million)
- 8.4. Europe
- 8.4.2 Europe Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.4.2.1 Europe Legal AI Software Market, by Country, 2023 - 2030 (USD Million)
- 8.4.2 Europe Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.4 Europe Legal AI Software Market, by Component, 2023 - 2030
- 8.4.1 Europe Legal AI Software Market, by Component, 2023 - 2030 (USD Million)
- 8.5 Europe Legal AI Software Market, by End-User, 2023 - 2030
- 8.5.1 Europe Legal AI Software Market, by End-User, 2023 - 2030 (USD Million)
- 8.6 Europe Legal AI Software Market, by Deployment Mode, 2023 - 2030
- 8.6.1 Europe Legal AI Software Market, by Deployment Mode, 2023 - 2030 (USD Million)
- 8.5. Asia Pacific
- 8.5.3 Asia Pacific Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.5.3.1 Asia Pacific Legal AI Software Market, by Country, 2023 - 2030 (USD Million)
- 8.5.3 Asia Pacific Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.4 Asia Pacific Legal AI Software Market, by Component, 2023 - 2030
- 8.4.1 Asia Pacific Legal AI Software Market, by Component, 2023 - 2030 (USD Million)
- 8.5 Asia Pacific Legal AI Software Market, by End-User, 2023 - 2030
- 8.5.1 Asia Pacific Legal AI Software Market, by End-User, 2023 - 2030 (USD Million)
- 8.6 Asia Pacific Legal AI Software Market, by Deployment Mode, 2023 - 2030
- 8.6.1 Asia Pacific Legal AI Software Market, by Deployment Mode, 2023 - 2030 (USD Million)
- 8.6. Latin America
- 8.6.4 Latin America Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.6.4.1 Latin America Legal AI Software Market, by Country, 2023 - 2030 (USD Million)
- 8.6.4 Latin America Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.4 Latin America Legal AI Software Market, by Component, 2023 - 2030
- 8.4.1 Latin America Legal AI Software Market, by Component, 2023 - 2030 (USD Million)
- 8.5 Latin America Legal AI Software Market, by End-User, 2023 - 2030
- 8.5.1 Latin America Legal AI Software Market, by End-User, 2023 - 2030 (USD Million)
- 8.6 Latin America Legal AI Software Market, by Deployment Mode, 2023 - 2030
- 8.6.1 Latin America Legal AI Software Market, by Deployment Mode, 2023 - 2030 (USD Million)
- 8.7. The Middle-East and Africa
- 8.7.5 The Middle-East and Africa Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.7.5.1 The Middle-East and Africa Legal AI Software Market, by Country, 2023 - 2030 (USD Million)
- 8.7.5 The Middle-East and Africa Legal AI Software Market, 2023 - 2030 (USD Million)
- 8.4 The Middle-East and Africa Legal AI Software Market, by Component, 2023 - 2030
- 8.4.1 The Middle-East and Africa Legal AI Software Market, by Component, 2023 - 2030 (USD Million)
- 8.5 The Middle-East and Africa Legal AI Software Market, by End-User, 2023 - 2030
- 8.5.1 The Middle-East and Africa Legal AI Software Market, by End-User, 2023 - 2030 (USD Million)
- 8.6 The Middle-East and Africa Legal AI Software Market, by Deployment Mode, 2023 - 2030
- 8.6.1 The Middle-East and Africa Legal AI Software Market, by Deployment Mode, 2023 - 2030 (USD Million)
- Chapter 9. Company Profiles
- 9.1 Thomas Reuters
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Omni Software Systems
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Nalanda Technology
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 CaseMine
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 LawGeex
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Casetext
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 LexisNexis
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Kira
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Veritone
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Luminance
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 IBM Corporation
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 ROSS Intelligence
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Cognitiv
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 CaseMine
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 LawGeex.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 and others.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 Thomas Reuters
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Legal AI Software Market, 2023 - 2030 (USD Million)
- 4. Porter’s Five Forces Analysis
- 5. Global Legal AI Software Market attractiveness, By Component
- 6. Global Legal AI Software Market attractiveness, By End-User
- 7. Global Legal AI Software Market attractiveness, By Deployment Mode
- 8. Global Legal AI Software Market share by Component, 2023 and 2030 (USD Million)
- 9. Global Legal AI Software Market by Software, 2023 - 2030 (USD Million)
- 10. Global Legal AI Software Market by Services, 2023 - 2030 (USD Million)
- 11. Global Legal AI Software Market share by End-User, 2023 and 2030 (USD Million)
- 12. Global Legal AI Software Market by Corporate Legal Departments, 2023 - 2030 (USD Million)
- 13. Global Legal AI Software Market by Law Firms, 2023 - 2030 (USD Million)
- 14. Global Legal AI Software Market share by Deployment Mode, 2023 and 2030 (USD Million)
- 15. Global Legal AI Software Market by Cloud, 2023 - 2030 (USD Million)
- 16. Global Legal AI Software Market by On-Premise, 2023 - 2030 (USD Million)
- 17. Global Legal AI Software Market share, by Region, 2023 and 2030
- 18. North America Legal AI Software Market, 2023 - 2030 (USD Million)
- 19. Europe Legal AI Software Market, 2023 - 2030 (USD Million)
- 20. Asia Pacific Legal AI Software Market, 2023 - 2030 (USD Million)
- 21. Latin America Legal AI Software Market, 2023 - 2030 (USD Million)
- 22. The Middle-East and Africa Legal AI Software Market, 2023 - 2030 (USD Million)
Table Of Tables
- 1. Global Legal AI Software Market: Snapshot
- 2. Drivers of the Legal AI Software Market: impact analysis
- 3. North America Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 4. North America Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 5. North America Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 6. U.S. Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 7. U.S. Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 8. U.S. Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 9. Canada Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 10. Canada Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 11. Canada Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 12. Europe Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 13. Europe Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 14. Europe Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 15. Germany Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 16. Germany Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 17. Germany Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 18. France Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 19. France Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 20. France Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 21. U.K. Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 22. U.K. Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 23. U.K. Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 24. Italy Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 25. Italy Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 26. Italy Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 27. Spain Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 28. Spain Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 29. Spain Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 30. Rest of Europe Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 31. Rest of Europe Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 32. Rest of Europe Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 33. Asia Pacific Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 34. Asia Pacific Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 35. Asia Pacific Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 36. China Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 37. China Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 38. China Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 39. Japan Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 40. Japan Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 41. Japan Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 42. India Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 43. India Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 44. India Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 45. South Korea Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 46. South Korea Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 47. South Korea Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 48. South-East Asia Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 49. South-East Asia Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 50. South-East Asia Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 51. Rest of Asia Pacific Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 52. Rest of Asia Pacific Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 53. Rest of Asia Pacific Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 54. Latin America Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 55. Latin America Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 56. Latin America Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 57. Brazil Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 58. Brazil Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 59. Brazil Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 60. Mexico Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 61. Mexico Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 62. Mexico Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 63. Rest of Latin America Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 64. Rest of Latin America Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 65. Rest of Latin America Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 66. The Middle-East and Africa Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 67. The Middle-East and Africa Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 68. The Middle-East and Africa Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 69. GCC Countries Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 70. GCC Countries Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 71. GCC Countries Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 72. South Africa Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 73. South Africa Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 74. South Africa Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
- 75. Rest of Middle-East Africa Legal AI Software Market revenue, By Component, 2023 - 2030 (USD Million)
- 76. Rest of Middle-East Africa Legal AI Software Market revenue, By End-User, 2023 - 2030 (USD Million)
- 77. Rest of Middle-East Africa Legal AI Software Market revenue, By Deployment Mode, 2023 - 2030 (USD Million)
Methodology
FrequentlyAsked Questions
The growing need for efficient natural language processing and neural networks is likely to enhance the popularity of the use of AI software in various legal activities.
The global legal AI software market growth over forecast period can be owing to A rise in the number of litigation suits has culminated in massive demand for legal AI software globally for reducing the time of hearing legal cases and providing decisions based on the urgency of lawsuit hearings and legal framework within a stipulated & decided timespan.
According to a study, the global legal AI software industry size was $2,000 million in 2022 and is projected to reach $5,000 million by the end of 2030.
The global legal AI software market is anticipated to record a CAGR of nearly 12.14% from 2023 to 2030.
The Asia-Pacific zone is set to dominate the global legal AI software industry over the forecasting timeline owing to a rise in the use of legal AI software for contract analysis, intellectual property, and conflict resolution. Moreover, awareness among lawyers about the use of AI tools for enhancing their work efficiency will further steer the regional industry trends.
The global legal AI software market is led by players such as Thomas Reuters, Omni Software Systems, Nalanda Technology, CaseMine, LawGeex, Casetext, LexisNexis, Kira, Veritone, Luminance, IBM Corporation, ROSS Intelligence, Cognitiv, CaseMine, and LawGeex.
The global legal AI software market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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