Legal AI Software Market

Legal AI Software Market by Component (Solutions and Services), Deployment Mode, Technology, End User (Corporate Legal Departments and Law Firms), Application (Legal Research, Contract Management, and eDiscovery), and Region - Global Forecast to 2024

Report Code: TC 7076 May, 2019, by marketsandmarkets.com

[134 Pages Report] MarketsandMarkets expects the global legal AI software market to grow from USD 317 million in 2019 to USD 1,236 million by 2024, at a Compound Annual Growth Rate (CAGR) of 31.3% during forecast period. Major growth for the market include an increasing demand for AI-powered customer support service and automation.

Legal AI Software Market

Contract management application to grow at the highest CAGR during the forecast period

Contract management application is gaining traction in the global legal AI software market. Law firms and corporate legal departments spend a significant amount of time in the contract review process to analyze the risk, and opportunities associated with the same. Here, AI-powered solutions can help them analyze the language of the contract and the meaning of the clauses. Also, AI-powered tools designed for contract analysis can read and analyze incoming contracts and suggest changes based on predefined rules/policies.

Services segment to grow at the highest rate during the forecast perio

The services offered in the legal AI software industry are training and consulting, system integration and testing, and support and maintenance services. The services play a vital role in the functioning of legal AI software solutions. The legal AI software vendors require technical support services and consulting services to manage the deployment of AI-based solutions in the market. With an increasing need to perform various legal jobs effectively, the demand for services segment is expected to grow in coming years.

Software solutions segment to have a larger market size during forecast period

Based on solutions, the legal AI software market is segmented into software solutions and platforms. The software solutions segment is expected to grow at a higher rate, as the solutions can be easily deployed at end user systems, whereas AI and ML-powered platforms offered in the market provide the basis for users to develop an application by using the same. An increasing need to automate various jobs in the legal area would provide opportunities for more deployment of legal AI software solutions across end users.

Legal AI Software Market

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global legal AI software market, as the US and Canada are progressing rapidly in the market. And the region is home to various vendors operating in the market. Whereas, Europe is expected to grow at te highest rate during the forecast period. Change in market dynamics and GDPR would provide growth opportunities for vendors to offer legal AI software solutions.

Key Players

Major vendors operating in the market include IBM (US), OpenText (US), Thomson Reuters (US), Veritone (US), ROSS Intelligence (US), Luminance (US), LexisNexis (US), Neota Logic (US), Everlaw (US), Legalsifter (US), Pensieve (India), Cognitiv+ (UK), Casetext (US), Klarity (US), Omni Software Systems (US), Nalanda Technology (UK), LawGeex (Israel), Kira (US), and CaseMine (India).

The companies have adopted various organic and inorganic growth strategies, such as new product launches, product enhancements, partnerships, agreements, mergers, and acquisitions, to further expand their presence in the global legal AI software market.

Ross Intelligence is a leading player in the global market. The company offers an AI-enabled platform to enhance a lawyer’s ability to carry out extensive legal research in a fraction of time. As a new player in the market, the company focuses on employing various organic as well as inorganic growth strategies and partners with various commercial law firms and enterprises. For instance, in July 2017, Ross Intelligence collaborated with Sedgwick, a US-based law firm, to integrate Ross’ NLP capability to improve the efficiency and productivity of Sedgwick’s Creditors’ Rights and Bankruptcy group.

LexisNexis is a leading technology and innovation company with a diverse portfolio of products and services that are extensively used by customers from law firms, corporate legal teams, and governments across the globe. The company uniquely registers its presence in the legal AI software market with its proprietary linking technology that powers all its products for big data analytics. The company extensively focuses on inorganic and organic growth strategies as a part of its long-term growth plan. As part of its organic growth strategy, in June 2018, LexisNexis launched the data visualization technology, Ravel View. The new technology helps enhance the company’s online legal research platform, Lexis Advance.

Recent Developments:

  • In January 2019, OpenText acquired Repository Systems, a leading provider of eDiscovery solutions for corporate legal departments and law firms, to strengthen its market position as a provider of AI-powered eDiscovery solution.
  • In March 2018, Ross Intelligence partnered with Jackson Lewis, a leading law firm in the US, to deploy the Ross Intelligence’s AI legal research solution firm-wide.
  • In December 2017, LexisNexis integrated the Lex Machina’s attorney analytics into its legal information solution, Lexis Advance. The integration enhances the Lexis Advance solution and empowers legal professionals with information and insights need to make strategic, data-driven decisions.

Critical questions the report answers:

  • What are the current trends in the legal AI software market driving the demand for technological advancements?
  • What are the regulations that are impacting the market and applications where the adoption of legal AI software solutions is increasing?
  • What are the various growth strategies undertaken by key players in the market and competitive analysis of vendors?
  • How is the adoption of legal AI software across various region?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Legal AI Software Market
    4.2 Market Top 3 Applications
    4.3 Market Top 3 Applications and Regions
    4.4 Market By Application

5 Market Overview and Industry Trends (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in the Use of AI By Legal Companies to Reduce the Time It Takes to Complete the Legal Case
                    5.2.1.2 Growing Number of Litigations Across the Globe in the Legal Industry
                    5.2.1.3 Increasing Demand for Automation in Legal AI Software
           5.2.2 Restraints
                    5.2.2.1 Lack of Awareness Among Law Firms
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Data-Driven Decision By Legal Professionals
                    5.2.3.2 Chatbots Helping Legal Firms to Take Significant Step Toward AI and Digital Transformation
           5.2.4 Challenges
                    5.2.4.1 Cybersecurity and Data Privacy Concerns of the Legal Data
    5.3 Use Cases
           5.3.1 Use Case: Scenario 1
           5.3.2 Use Case: Scenario 2
           5.3.3 Use Case: Scenario 3
           5.3.4 Use Case: Scenario 4
           5.3.5 Use Case: Scenario 5
    5.4 Regulatory Implications
           5.4.1 GDPr
           5.4.2 HIPAA
           5.4.3 FTC
           5.4.4 ISO/IEC JTC 1/SC 42

6 Legal AI Software Market By Component (Page No. - 44)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Software Solutions
                    6.2.1.1 Software Solution Offers Enhanced Set of Features for Specific Legal Application
           6.2.2 Platforms
                    6.2.2.1 Platforms Provide A Complete Foundation to Create Various Legal Applications
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Technicalities Involved in Implementing Legal AI Software Solutions to Boost the Growth of Professional Services
           6.3.2 Managed Services
                    6.3.2.1 Growing Deployment of Legal AI Software Solution to Drive Demand for Managed Services

7 Legal AI Software Market By Technology (Page No. - 50)
    7.1 Introduction
    7.2 Machine Learning and Deep Learning
           7.2.1 Growing Demand for Automation of Manual Legal Tasks to Drive Machine Learning and Deep Learning Segment
    7.3 Natural Language Processing
           7.3.1 Natural Language Processing to Grow at A Rapid Pace in the Coming Years

8 Legal AI Software Market By Deployment Mode (Page No. - 53)
    8.1 Introduction
    8.2 Cloud
           8.2.1 Scalability and Ease of Implementation to Boost the Growth of Cloud Deployment Mode
    8.3 On-Premises
           8.3.1 Data-Sensitive Organizations to Adopt On-Premises Deployment Mode for Legal AI Software Solutions

9 Legal AI Software Market By End User (Page No. - 56)
    9.1 Introduction
    9.2 Corporate Legal Departments
           9.2.1 Corporate Legal Departments Adopting AI-Powered Solutions to Reduce Cost
    9.3 Law Firms
           9.3.1 Law Firms Adopting AI-Powered Solutions to Save Time and Increase Efficiency
    9.4 Others

10 Legal AI Software Market By Application (Page No. - 62)
     10.1 Introduction
     10.2 Ediscovery
             10.2.1 AI Solutions Becoming Crucial to Make Ediscovery Process More Effective and Efficient
     10.3 Legal Research
             10.3.1 AI Tools Becoming Crucial to Reduce Time Required to Complete Tedious Tasks in Research
     10.4 Contract Management
             10.4.1 AI-Powered Solutions Enabling Law Firms to Efficiently Streamline the Entire Contract Management Process
     10.5 Compliance
             10.5.1 Mandatory Compliance With Stringent Regulations to Drive the Adoption of AI-Powered Solutions By Law Firms
     10.6 Case Prediction
             10.6.1 AI Technology Becoming Crucial to Deliver Accurate Case Prediction Results
     10.7 Others

11 Geographic Analysis (Page No. - 66)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
                        11.2.1.1 Growing Implementation of AI and Mi Based Solutions to Boost the Growth of Legal AI Software Market
             11.2.2 Canada
                        11.2.2.1 Increase in AI Based Investment and Funding to Drive the Growth of Market in Canada
     11.3 Europe
             11.3.1 United Kingdom
                        11.3.1.1 Growing Investments and Funding in the Market to Drive the Deployment of Legal AI Software
             11.3.2 Germany
                        11.3.2.1 Rapid Adoption of New Technologies to Spur Demand for Legal AI Software Solutions
             11.3.3 France
                        11.3.3.1 Government Investments in AI Technology to Boost Market Growth in France
             11.3.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
                        11.4.1.1 Growing Investment in AI for Legal Industry to Offer Growth Opportunities for Market in China
             11.4.2 Japan
                        11.4.2.1 Startups Offering AI for Legal Industry to Drive Market in Japan
             11.4.3 Singapore
                        11.4.3.1 Government Initiatives in AI to Boost the Market Growth
             11.4.4 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Middle East
                        11.5.1.1 Upcoming AI Startups to Drive Market in the Middle East
             11.5.2 Africa
                        11.5.2.1 Rising Adoption of Advanced Digital Technologies to Offer Opportunities for Vendors of Legal AI Software Solutions and Services in Africa
     11.6 Latin America
             11.6.1 Brazil
                        11.6.1.1 Emergence of Innovative Startups Offering Legal AI Solutions to Boost the Market Growth in Brazil
             11.6.2 Mexico
                        11.6.2.1 Government Initiatives to Drive the Adoption of AI-Based Solutions in Mexico
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 94)
     12.1 Competitive Leadership Mapping (Startup)
             12.1.1 Progressive Companies
             12.1.2 Responsive Companies
             12.1.3 Dynamic Companies
             12.1.4 Starting Blocks
     12.2 Strength of Product Portfolio
     12.3 Business Strategy Excellence

13 Company Profiles (Page No. - 98)
     13.1 Introduction
(Business Overview, Products, Platforms & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.2 IBM
     13.3 Opentext
     13.4 Thomson Reuters
     13.5 Veritone
     13.6 Ross Intelligence
     13.7 Luminance
     13.8 Lexisnexis
     13.9 Neota Logic
     13.10 Everlaw
     13.11 Legalsifter
     13.12 Pensieve
     13.13 Cognitiv+
     13.14 Casetext
     13.15 Klarity
     13.16 Omni Software Systems
     13.17 Nalanda Technology
     13.18 Lawgeex
     13.19 Kira
     13.20 Ey Riverview Law

*Details on Business Overview, Products, Platforms & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 124)
     14.1 Industry Excerpts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (52 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Global Legal AI Software Market Size and Growth Rate, 2017–2024 (USD Million and Y-O-Y %)
Table 4 Market Size By Component, 2017–2024 (USD Million)
Table 5 Market Size By Solutions, 2017–2024 (USD Million)
Table 6 Market Size By Service, 2017–2024(USD Million)
Table 7 Market Size By Technology, 2017–2024(USD Million)
Table 8 Market Size By Deployment Mode, 2017–2024(USD Million)
Table 9 Market Size By End User, 2017–2024 (USD Million)
Table 10 List of Top 100 Global Law Firms By Revenue
Table 11 Legal AI Software AI Market Size, By Application, 2017–2024 (USD Million)
Table 12 Legal AI Software Market Size, By Region, 2017–2024 (USD Million)
Table 13 North America: Legal AI Software Market Size, By Component, 2017–2024 (USD Million)
Table 14 North America: Market Size By Solution, 2017–2024 (USD Million)
Table 15 North America: Market Size By Service, 2017–2024 (USD Million)
Table 16 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 17 North America: Market Size By Technology, 2017–2024 (USD Million)
Table 18 North America: Market Size By End User, 2017–2024 (USD Million)
Table 19 North America: Market Size By Application, 2017–2024 (USD Million)
Table 20 North America: Market Size By Country, 2017–2024 (USD Million)
Table 21 Europe: Legal AI Software Market Size, By Component, 2017–2024 (USD Million)
Table 22 Europe: Market Size, By Solution, 2017–2024 (USD Million)
Table 23 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 24 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 25 Europe: Market Size By Technology, 2017–2024 (USD Million)
Table 26 Europe: Market Size By End User, 2017–2024 (USD Million)
Table 27 Europe: Market Size By Application, 2017–2024 (USD Million)
Table 28 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 29 Asia Pacific: Legal AI Software Market Size, By Component, 2017–2024 (USD Million)
Table 30 Asia Pacific: Market Size By Solution, 2017–2024 (USD Million)
Table 31 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 32 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 33 Asia Pacific: Market Size By Technology, 2017–2024 (USD Million)
Table 34 Asia Pacific: Market Size By End User, 2017–2024 (USD Million)
Table 35 Asia Pacific: Market Size By Application, 2017–2024 (USD Million)
Table 36 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 37 Middle East and Africa: Legal AI Software Market Size, By Component, 2017–2024 (USD Million)
Table 38 Middle East and Africa: Market Size By Solution, 2017–2024 (USD Million)
Table 39 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 40 Middle East and Africa: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 41 Middle East and Africa: Market Size By Technology, 2017–2024 (USD Million)
Table 42 Middle East and Africa: Market Size By End User, 2017–2024 (USD Million)
Table 43 Middle East and Africa: Market Size By Application, 2017–2024 (USD Million)
Table 44 Middle East and Africa: Market Size By Country, 2017–2024 (USD Million)
Table 45 Latin America: Legal AI Software Market Size, By Component, 2017–2024 (USD Million)
Table 46 Latin America: Market Size By Solution, 2017–2024 (USD Million)
Table 47 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 48 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 49 Latin America: Market Size By Technology, 2017–2024 (USD Million)
Table 50 Latin America: Market Size By End User, 2017–2024 (USD Million)
Table 51 Latin America: Market Size By Application, 2017–2024 (USD Million)
Table 52 Latin America: Market Size By Country, 2017–2024 (USD Million)
 
 
List of Figures (42 Figures)
 
Figure 1 Global Legal AI Software Market: Research Design
Figure 2 Breakup of Primary Participants’ Profiles: By Company, Designation, and Region
Figure 3 Legal AI Software Market: Top-Down and Bottom-Up Approaches
Figure 4 Market Snapshot By Component
Figure 5 Market Snapshot By Solution
Figure 6 Market Snapshot By Service
Figure 7 Market Snapshot By Deployment Mode
Figure 8 Market Snapshot By Technology
Figure 9 Market Snapshot By End User
Figure 10 Market Snapshot, By Application
Figure 11 Market Snapshot, By Region
Figure 12 Growing Use of Data Driven Decisions By Legal Professionals Driving the Legal AI Software Market
Figure 13 Contract Management Application to Have the Highest CAGR During the Forecast Period
Figure 14 Legal Research Application and North America to Account for the Highest Market Shares in the Legal AI Software Market in 2019
Figure 15 Legal Research Application to Register the Highest Market Share in 2019
Figure 16 Market Investment Scenario: Europe to Be the Best Region for Investments During the Forecast Period
Figure 17 Drivers, Restraints, Opportunities, and Challenges: Legal AI Software Market
Figure 18 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 19 Software Solutions Segment to Grow at A Higher CAGR During the Forecast Period
Figure 20 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 21 Machine Learning and Deep Learning Segment to Register A Higher CAGR During the Forecast Period
Figure 22 Cloud Segment to Register Growth at A Higher CAGR During the Forecast Period
Figure 23 Corporate Legal Departments Segment to Grow at the Highest CAGR During the Forecast Period
Figure 24 Contract Management Segment to Register the Highest CAGR During the Forecast Period
Figure 25 North America to Hold the Largest Market Size and Europe to Grow at the Highest CAGR During the Forecast Period
Figure 26 Germany to Register Growth at the Highest CAGR During the Forecast Period
Figure 27 North America to Account for the Largest Market Size in 2019
Figure 28 North America: Market Snapshot
Figure 29 North America: Legal AI Software Market, By Application
Figure 30 Europe: Market Snapshot
Figure 31 Europe: Contract Management Application to Grow at the Highest CAGR During Forecast Period
Figure 32 Contract Management Application to Grow at the Highest CAGR During the Forecast Period
Figure 33 Middle East and Africa: Contract Management Application to Grow at the Highest CAGR During Forecast Period
Figure 34 Contract Management Application to Grow at the Highest CAGR in Latin America During Forecast Period
Figure 35 Legal AI Software Market, Competitive Leadership Mapping, for Startups, 2018
Figure 36 IBM: Company Snapshot
Figure 37 IBM: SWOT Analysis
Figure 38 Opentext: Company Snapshot
Figure 39 Opentext: SWOT Analysis
Figure 40 Thomson Reuters: Company Snapshot
Figure 41 Thomson Reuters: SWOT Analysis
Figure 42 Veritone: Company Snapshot

The study consists of 4 major activities to estimate the current market size of the legal AI software market. An exhaustive secondary research was done to collect information on the market, the peer market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the legal AI software market.

Secondary research

In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg BusinessWeek have been referred to for identifying and collecting information for the study. Secondary sources included annual reports; press releases and investor presentations of companies; white papers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; a

Various primary sources from both supply and demand sides of the legal AI software market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors that provide legal AI software solutions and associated service providers operating in the targeted regions. All possible parameters that affect the market covered in the research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following is the breakup of the profiles of primary respondents:

Legal AI Software Market

To know about the assumptions considered for the study, download the pdf brochure

Legal AI Software Market Size Estimation

For making market estimates and forecasting the legal AI software market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global legal AI software market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The market size, in terms of value, has been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall market size was determined and confirmed using the study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the size of the legal AI software market by application (eDiscovery, Legal Research, Contract Management, Compliance, Case Prediction, and Others [divorce automation, ebilling, knowledge management, and IP management]), component (solutions and services), by technology (ML and deep learning, and NLP) by end user (corporate legal department, law firms and others [national firms, solo practitioners, students, subject matter experts, and judges]), and region (North America, Europe, Asia Pacific, Middle-East and Africa, and Latin America)
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of market
  • To analyze opportunities in the market for stakeholders by identifying the high growth segments of the legal AI software ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with the detailed competitive landscape for market leaders
  • To analyze strategic approaches, such as product/solution/service launches, acquisitions, agreements, and partnerships, in the legal AI software market

Scope of the Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Million (USD)

Segments covered

Component (solutions and services), deployment mode, technology, end user, application, and region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

IBM (US), OpenText (US), Thomson Reuters (US), Veritone (US), ROSS Intelligence (US), Luminance (US), LexisNexis (US), Neota Logic (US), Everlaw (US), Legalsifter (US), Pensieve (India), Cognitiv+ (UK), Casetext (US), Klarity (US), Omni Software Systems (US), Nalanda Technology (UK), LawGeex (Israel), Kira (US), and CaseMine (India)

The research report categorizes the legal AI software market based on use cases, components, end use, technologies, and region.

Based on Application, the legal AI software market has the following segments:

  • eDiscovery
  • Legal Research
  • Contract Management
  • Compliance
  • Case Prediction
  • Others (divorce automation, ebilling, knowledge management, and IP management)

Based on Component, the legal AI software market has the following segments:

  • Solutions
  • Services

Based on solutions, the legal AI software market has the following segments:

  • Software solutions
  • Platform

Based on Services, the legal AI software market has the following segments:

  • Professional Services
  • Managed Services

Based on Deployment, the legal AI software market has the following segments:

  • Cloud
  • On premises

Based on Technology, the legal AI software market has the following segments:

  • Machine Learning and Deep Learning
  • Natural Language Processing

Based on End User, the legal AI software market has the following segments:

  • Corporate Legal Departments
  • Law Firms
  • Others (national firms, solo practitioners, students, subject matter experts, and judges)

Based on Regions, the legal AI software has the following segments:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysi

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American legal AI software market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the MEA market
  • Further breakup of the Latin American market

Company information

  • Detailed analysis and profiling of additional market players up to 5
Report Code
TC 7076
Published ON
May, 2019
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