The Global LegalTech Artificial Intelligence Market Report by Absolute Markets Insights offers a high-level summary of classification, competition, and strategic actions taken in recent years. For a global scenario, the LegalTech Artificial Intelligence market report provides historical details, future forecasts, and market size. The competitive analysis conducted in this study makes you aware about the moves of the key players in the market such as new product launches, expansions, agreements, joint ventures, partnerships and acquisitions. This report provides market insights which give a more precise understanding of the market landscape, issues that may impose on the industry in the future, and how to position specific brands in the best way. Furthermore, businesses can decide upon the strategies about the product, customer, key player, sales, promotion or marketing by acquiring a detailed analysis of competitive markets.

The global legaltech artificial intelligence market revenue stood at US$ 3,245.95 Million in 2018 and is expected to grow with a CAGR of more than +37.7% over the forecast period.

Key Players Profiled in the LegalTech Artificial Intelligence Market Report are as follows: Blue J Legal Inc., Casetext Inc., Catalyst Repository Systems, eBREVIA, Luminance Technologies Ltd., Microsoft, PwC amongst others.

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Legal technology also referred to as legaltech or lawtech is application of IT technology in legal practices to streamline processes such as document management, billing, contract management and others. There has been a significant rise in the legal disputes around the world owing to competitiveness in the market. The expenses incurred in legal procedures and the dedicated time required are unbearable by the general public. For instance, as per a survey conducted by World Justice Project, an international organization for streamlining law, about 49% of people have at least once experienced a legal problem and less than 29% of people who faced legal problems sought any form of help from professionals. Digitalization trend has hit the legal services industry only to transform the conventional legal practices and overcome the challenges. Technologies such as artificial intelligence coupled with legaltech have automated the legal procedures. The intensive publicity of AI in legaltech coupled with curiosity among the law professionals and common people has been one of the major drivers in the global legaltech artificial intelligence market. The hype among the society has attracted technology innovators to enter the legal tech market. Major IT players have also entered the legaltech industry owing to the lucrative opportunities offered. For instance, Microsoft has announced successful development of AI powered web-based service, ‘Legal Navigator’ in January 2019. Microsoft had partnered with non-profit organizations of US such as Legal Services Corporation (LSC) and Pro Bono Net for developing this system. The Legal Navigator is in testing phase and is poised to be launched in near future in the market.

The Global LegalTech Artificial Intelligence Market report inspects the financial standing of the leading companies, which includes gross profit, revenue generation, volume, sales revenue, individual growth rate and other financial ratios. It explains different verticals which are examined for a better understanding of the market clearly. The report is supported by significant economic facts. To present the data accurately, the study also makes use of effective graphical presentation techniques such as tables, charts, graphs, and pictures. The report further highlights recent trends, tools and technology platforms that contribute to enhance the performance of the companies. This report is a believable source for gaining the market research that will exponentially accelerate your business. Additionally, it presents new task SWOT examination, speculation attainability investigation, and venture return investigation. The report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either drive or restrain the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions. The research report thoroughly explains each and every aspect related to the Global LegalTech Artificial Intelligence Market, which facilitates the report’s reader to study and evaluate the upcoming market trend and execute the analytical data to promote the business.

Global LegalTech Artificial Intelligence Market

By Application:
Document Management System
e-Discovery
Practice and Case Management
e-Billing
Contract Management
IP Management
Legal Research
Legal Analytics
Cybersecurity
Predictive Technology
Compliance

By End User:
Lawyer
Civil Lawyer
Corporate Lawyer
Criminal Lawyer
Client

By Region:
North America
US
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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