Global Legal Analytics Market is expected to reach USD 822.51 Million by 2026 from USD XX Million in 2018 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. The legal analytics market is expected to witness significant growth during the forecast period. Legal analytics manages the process of extracting knowledge from current legal data to help internal legal teams and decision-makers on certain legal matters. This is done by forecasting strategy, comparative legal costs, process development, financial operations, and resource management. The Global Legal Analytics Market based on a component is divided into solution and services. The services segment is projected to grow at a high CAGR during the forecast period. The Global Legal Analytics Market based on the deployment model is divided into on-premises and on-demand. The on-demand segment is expected to be the major contributor for the market during the forecast period. The legal analytics market based on case type is segmented into commercial case management, antitrust management, intellectual property management, and others. Geographically, Global Legal Analytics Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to be the largest market for legal analytics during the forecast period. The growth of this region is attributed to the high-quality legal services delivered by the vendors in this region. The years that have been considered for the study are: • Base year – 2018 • Estimated year – 2019 • Forecast period – 2019 to 2026 Key Highlights: • Global Legal Analytics Market analysis and forecast, in terms of volume and value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Legal Analytics Market. • Global Legal Analytics Market segmentation on the basis of component, analytics type, case type, deployment model, end user and geography (country-wise) has been provided. • Global Legal Analytics Market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of the study. • Global Legal Analytics Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Legal Analytics Market are also profiled. Research Methodology: The Global Legal Analytics Market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Legal Analytics Market Global Legal Analytics Marketplace is growing with the presence of major companies holding a large market share.
Some of them operating in the Global Legal Analytics Market are given underneath:
• Wolters Kluwer • Mindcrest • Thomson Reuters • Unitedlex • Lexisnexis • Argopoint • Premonition • Analytics Consulting LLC • Cpa Global • The Bureau of National Affairs (BNA) • Wipro • IBM Key Target Audience: • Vendors of Legal Analytics • Managed Service Providers • Third-party Vendors • LPO Service Providers • Technology Providers • Artificial Intelligence (AI) Solution Providers