Global Legal AI Software Market by Component (Solutions and Services), By Deployment Mode (Cloud and On-Premises), By End-User (Corporate Legal Departments, Law Firms, and Others) Global Legal AI Software Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2025

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Global Legal AI Software market is estimated to reach $ 1,715.4 Million by 2025; growing at a CAGR of 32.5% till 2025.
  • Global Legal AI Software Market: Overview

    Global Legal AI Software market is estimated to reach $ 1,715.4 Million by 2025; growing at a CAGR of 32.5% till 2025.

    Artificial intelligence is quickly becoming the next focus of efficiency and productivity tools for the law firm. AI helps lawyers to make more efficient work process. New legal artificial intelligence software tools, such as Ross Intelligence, Catalyst, and Matlab, with natural language processing, can provide better legal clarity, effective quarreling solutions, and legal services for traditional law firms using leveraged group related models.

    Global Legal AI Software Market: Growth Factors

    Increasing AI adoption by legal players to reduce the completion time of the legal case, rising demand for automation in many applications such as contract management, eDiscovery, case prediction, and compliance, coupled with an increasing number of global litigation in the legal industry. This are key factors expected to drive growth of the target market. However, lack of awareness of advanced software among law sectors might hamper the market growth. Increasing demand for data-driven decision by legal advisers would provide lucrative opportunities for the market in coming years.

    Global Legal AI Software Market: Segmentation

    The global Legal AI Software market is mainly classified based on Component, Deployment Model, and End-User. Component is further segmented into Solutions and Services. By Deployment Model, the market is divided into Cloud and On-Premises. By End-User the market is further divided into Corporate Legal Departments, Law Firms, and Others.

    Global Legal AI Software Market: Regional Analysis

    Based on geography, the global Legal AI Software market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is segmented into South America, the Middle East, and Africa

    Global Legal AI Software Market: Competitive Players

    Key players operating in the market include IBM, Casetext, Cognitiv+, Everlaw, iManage LLC, Klarity Law, Legalsifter, LexisNexis, Luminance Technologies Ltd., Neota Logic Inc., Omni Software Systems, Pensieve Inc., Ross Intelligence, Thomson Reuters, and Veritone

    Legal AI Software Market Key Segments:

    By Component

    • Solutions
    • Services

    By Deployment Model

    • Cloud
    • On-Premises

    By End-User

    • Corporate Legal Departments
    • Law Firms
    • Others

    By Geography

    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • U.K
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • South America
      • Middle East
      • Africa
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  • Table of Content

    1. Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1.1. Primary Research
    2.1.2. Research Methodology
    2.1.3. Assumptions & Exclusions
    2.1.4. Secondary data sources

    3. Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. Increasing AI adoption by legal players to reduce the completion time of the legal case
    3.3.2. Rising demand for automation in many applications such as contract management, eDiscovery, case prediction, and compliance.
    3.3.3. Increasing the number of global litigation in the legal industry.
    3.4. Restraints
    3.4.1. Lack of awareness of advanced software among law sectors
    3.4.2. Growing data privacy and cybersecurity concerns regarding the legal data
    3.5. Opportunity
    3.5.1. Increasing demand for data-driven decision by legal advisers
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Component Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Solutions
    4.2.1. Market Size & Forecast
    4.3. Services
    4.3.1. Market Size & Forecast

    5. Deployment Model Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Cloud
    5.2.1. Market Size & Forecast
    5.3. On-Premises
    5.3.1. Market Size & Forecast

    6. End-User Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. Corporate Legal Departments
    6.2.1. Market Size & Forecast
    6.3. Law Firms
    6.3.1. Market Size & Forecast
    6.4. Others
    6.4.1. Market Size & Forecast

    7. Regional Overview
    7.1. Introduction
    7.1.1. Market Size & Forecast
    7.2. North America
    7.2.1. North America Market Size & Forecast, By Country
    7.2.2. North America Market Size & Forecast, By Component
    7.2.3. North America Market Size & Forecast, By Deployment Model
    7.2.4. North America Market Size & Forecast, By End-User
    7.2.5. The U.S.
    7.2.5.1. Market Size and Forecast
    7.2.6. Canada
    7.2.6.1. Market Size and Forecast
    7.2.7. Mexico
    7.2.7.1. Market Size and Forecast
    7.3. Europe
    7.3.1. Europe Market Size & Forecast, By Country
    7.3.2. Europe Market Size & Forecast, By Component
    7.3.3. Europe Market Size & Forecast, By Deployment Model
    7.3.4. Europe Market Size & Forecast, By End-User
    7.3.5. Germany
    7.3.5.1. Market Size and Forecast
    7.3.6. France
    7.3.6.1. Market Size and Forecast
    7.3.7. UK
    7.3.7.1. Market Size and Forecast
    7.3.8. Italy
    7.3.8.1. Market Size and Forecast
    7.3.9. Spain
    7.3.9.1. Market Size and Forecast
    7.3.10. Rest of Europe
    7.3.10.1. Market Size and Forecast
    7.4. Asia-Pacific
    7.4.1. Asia-Pacific Market Size & Forecast, By Country
    7.4.2. Asia-Pacific Market Size & Forecast, By Component
    7.4.3. Asia-Pacific Market Size & Forecast, By Deployment Model
    7.4.4. Asia-Pacific Market Size & Forecast, By End-User
    7.4.5. Japan
    7.4.5.1. Market Size and Forecast
    7.4.6. China
    7.4.6.1. Market Size and Forecast
    7.4.7. Australia
    7.4.7.1. Market Size and Forecast
    7.4.8. India
    7.4.8.1. Market Size and Forecast
    7.4.9. South Korea
    7.4.9.1. Market Size and Forecast
    7.4.10. Rest of Asia-Pacific
    7.4.10.1. Market Size and Forecast
    7.5. Rest of the World
    7.5.1. Rest of the World Market Size & Forecast, By Country
    7.5.2. Rest of the World Market Size & Forecast, By Component
    7.5.3. Rest of the World Market Size & Forecast, By Deployment Model
    7.5.4. Rest of the World Market Size & Forecast, By End-User
    7.5.5. South America
    7.5.5.1. Market Size and Forecast
    7.5.6. Middle East
    7.5.6.1. Market Size and Forecast
    7.5.7. Africa
    7.5.7.1. Market Size and Forecast

    8. Company Profile
    8.1. IBM
    8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    8.1.2. IBM Product Category, Application, and Specification
    8.1.3. IBM Financial Performance (2016-2018)
    8.1.4. Main Business/Business Overview
    8.2. Casetext
    8.3. Cognitiv+
    8.4. Everlaw
    8.5. iManage LLC
    8.6. Klarity Law
    8.7. Legalsifter
    8.8. LexisNexis
    8.9. Luminance Technologies Ltd.
    8.10. Neota Logic, Inc.
    8.11. Omni Software Systems
    8.12. Pensieve Inc.
    8.13. Ross Intelligence
    8.14. Thomson Reuters
    8.15. Veritone

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  • Key Market Players

    • IBM
    • Casetext
    • Cognitiv+
    • Everlaw
    • iManage LLC
    • Klarity Law
    • Legalsifter
    • LexisNexis
    • Luminance Technologies Ltd.
    • Neota Logic, Inc.
    • Omni Software Systems
    • Pensieve Inc.
    • Ross Intelligence
    • Thomson Reuters
    • Veritone
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What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market

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