Global Legal AI Software Market is Due to Grow and Reach $1.89 Billion by 2026 - ResearchAndMarkets.com

DUBLIN--()--The "Global Legal AI Software Market Analysis 2019" report has been added to ResearchAndMarkets.com's offering.

The Global Legal AI Software Market is expected to reach $1.89 billion by 2026 growing at a CAGR of 30.5% from 2017 to 2026. Legal AI software refers to the usage of AI technology to perform various tasks carried out by law firms and corporate legal departments. Some of the factors such as increasing demand for AI-powered customer support service and growing demand for automation in applications such as eDiscovery, contract management, compliance, and case prediction are propelling the market growth. However, lack of awareness among law firms and Cybersecurity are the restraining the market growth.

Based on End-User, Corporate legal department segment has significant growth during the forecast period. Legal AI software helps them in reducing the cost and stream lining work and processes, reducing repetitive tasks, and attorneys focusing more on building strategies, and increasing productivity.

Deployment Mode Covered:

  • On-Premises
  • Cloud

Components Covered:

  • Services
  • Solutions

Applications Covered:

  • Case Prediction
  • Compliance
  • Contract Management
  • Ediscovery
  • Legal Research
  • Other Applications

Technologies Covered:

  • Natural Language Processing
  • Machine Learning and Deep Learning

End-Users Covered:

  • Law Firms
  • Corporate Legal Departments
  • Other End Users

Regions Covered:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Key Questions Answered in this Report:

  • How this market evolved since the year 2016
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analyzed during the forecast period

Key Topics Covered:

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Legal AI Software Market, By Deployment Mode

5.1 Introduction

5.2 On-Premises

5.3 Cloud

6 Global Legal AI Software Market, By Component

6.1 Introduction

6.2 Services

6.3 Solutions

7 Global Legal AI Software Market, By Application

7.1 Introduction

7.2 Case Prediction

7.3 Compliance

7.4 Contract Management

7.5 Ediscovery

7.6 Legal Research

7.7 Other Applications

8 Global Legal AI Software Market, By Technology

8.1 Introduction

8.2 Natural Language Processing

8.3 Machine Learning and Deep Learning

9 Global Legal AI Software Market, By End User

9.1 Introduction

9.2 Law Firms

9.3 Corporate Legal Departments

9.4 Other End Users

10 Global Legal AI Software Market, By Geography

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 South America

10.6 Middle East & Africa

11 Strategic Benchmarking

12 Vendors Landscape

12.1 IBM

12.2 Veritone

12.3 Thomson Reuters

12.4 Ross Intelligence

12.5 Pensieve

12.6 Opentext

12.7 Omni Software Systems

12.8 Neota Logic

12.9 Nalanda Technology

12.10 Luminance

12.11 Lexisnexis

12.12 Legalsifter

12.13 Lawgeex

12.14 Klarity

12.15 Kira

12.16 Ey Riverview Law

12.17 Everlaw

12.18 Cognitiv+

12.19 Casetext

For more information about this report visit https://www.researchandmarkets.com/r/g87wbk

Contacts

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Laura Wood, Senior Press Manager
press@researchandmarkets.com
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Related Topics: Software, Artificial Intelligence

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Software, Artificial Intelligence