Press release
Legal Software Market valued at about $0.23 billion in 2018, and is expected to grow to $0.68 billion at an annual growth rate of 31.9% through 2019 to 2024
According to SDMR International, The Legal Software Market reports offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends.Increasing demand for intelligent business processes in law firms is driving the growth of the machine learning market. Intelligent business processes include adoption of artificial intelligence (AI) or machine learning in the business processes. AI is the development of system that has the ability to perform tasks requiring human intelligence. Software solutions are highly adopted in developed countries like the USA to achieve benefits, such as contract management and efficient legal data analysis. Machine learning helps legal firms and professionals to manage their huge data and derive insights from them. According to 2018 Legal Technology Survey Report by ABA Surveying, 35% of respondents from large firms with over 500 attorneys reported they used AI, and 16% of respondents at firms with 100 or more attorneys were most likely considering an AI purchase. The growing demand to adopt machine learning in law firms will drive the legal software market.
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The report is compiled using advanced primary and secondary research techniques and sophisticated market analysis tools. Our analysts conduct personal as well as telephonic interviews to collect information related to the Legal Software industry. They also refer to company websites, government documents, press releases, annual and financial reports, and databases of organizations in authoritative positions in the Legal Software industry. We do not include any data or information in the report unless it is cross-verified with reliable entities.
Report Scope:
The Global Legal Software Market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2017 to 2024.
This of report focuses on the Legal Software Market in global market, especially in United States, China, Europe, Japan, Southeast Asia, India and more.
The Top Key Players Covered in this study:
AbacusNext
LOGICBit Software
Tyler Technologies
Pioneer Technology Group
Alliance Renewable Technologies and more….
Global Legal Software Market: Segmentation
The chapters on Legal Software Market segmentation allow the readers to understand consumer needs. It allows the business to grow with precision and accuracy. Analysts have highlighted the elements that are expected to influence the segments in the coming years. The publication segments the market on the basis of technology, services, and products. It details the Legal Software market revenue earned by each of these segments and their potential in the years to come.
Global Legal Software Market, By Type
Conflict Check Software, Court Management Software, Document Drafting Solutions Software, eDiscovery Software
In the same way, the study has divided by applications
Global Legal Software Market, By Application
Individual, Enterprise, Others
Key questions answered in the report
How was the performance of developing regional markets in the past five years?
What are the key features of products attracting high consumer demand in the market?
Which factors will be responsible for market growth in the near future?
What will be the size of the market in terms of value and volume?
Which players are expected to dominate the market in the coming years?
Table of Contents:
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2 Porter's Five Force Analysis
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
5. Global Legal Software Market, By Type
5.1 Introduction
5.2 Conflict Check Software, Court Management Software, Document Drafting Solutions Software, eDiscovery Software
5.2.1 Market Overview
5.2.2 Market Size and Forecast
6. Global Legal Software Market, By Application
…….TOC Continued
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