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Legal Analytics Market Worth $5100.3 Million with CAGR of 30.8% by 2026 | Top Players: IBM, Wipro, Unitedlex, Wolters Kluwer, Mindcrest, Agropoint Llc., Cpa Global and Lexisnexis

12-13-2019 01:59 PM CET | IT, New Media & Software

Press release from: Orian Research

Legal Analytics Market

Legal Analytics Market

Global Legal Analytics Market is accounted for $456.1 million in 2017 and is expected to reach $5100.3 million by 2026 growing at a CAGR of 30.8% during the forecast period. Increasing demand for automation in legal analytics for data-driven decision making and technological advancements are some of the factors fueling the market growth. However, lack of awareness among litigators is hampering the market growth.

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Some of the key players profiled in the Legal Analytics Market include IBM, Wipro, Unitedlex, Wolters Kluwer, Mindcrest, Agropoint Llc., Cpa Global and Lexisnexis.

Legal analytics refers to the managing process of extracting knowledge from existing legal data to help in-house legal teams and decision-makers on certain legal matters. It involves data mining from data contained in documents related to case and docket entries. This is done by forecasting, legal strategy, comparative legal costs, process development, billing optimization, financial operations and resource management.

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Based on component, Services segment has witnessed the steady growth during the forecast period owing to there is a need to improve quality and remain operational cost low. Moreover, it also results in revenue generation. By geography, North America holds the largest market share during the forecast period due to high-quality legal services provided by vendors in the region to their clients.

Deployment Models Covered:
• On-Demand
• On-Premises

Analytics Types Covered:
• Prescriptive Analytics
• Predictive Analytics
• Descriptive Analytics
• Other Analytics Types

Case Types Covered:
• Commercial Case Management
• Intellectual Property Management
• Antitrust Management
• Employment Litigation
• Securities Litigation
• Other Case Types

Components Covered:
• Services
• Solution

End Users Covered:
• Law Firms
• Corporates
• Other End Users

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Table of Content:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 Porters Five Force Analysis
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 Analytics Market, By Deployment Model
5.1 Introduction
5.2 On-Demand
5.3 On-Premises

6 Global Legal Analytics Market, By Analytics Type
6.1 Introduction
6.2 Prescriptive Analytics
6.3 Predictive Analytics
6.4 Descriptive Analytics
6.5 Other Analytics Types

7 Global Legal Analytics Market, By Case Type
7.1 Introduction
7.2 Commercial Case Management
7.3 Intellectual Property Management
7.3.1 Patent Litigation
7.3.2 Trademark Litigation
7.3.3 Copyright Litigation
7.4 Antitrust Management
7.5 Employment Litigation
7.6 Securities Litigation
7.7 Other Case Types

8 Global Legal Analytics Market, By Component
8.1 Introduction
8.2 Services
8.3 Solution

9 Global Legal Analytics Market, By End User
9.1 Introduction
9.2 Law Firms
9.3 Corporates
9.4 Other End Users
9.4.1 Government Departments
9.4.2 Agencies
9.4.3 Educational Institutions
9.4.4 Healthcare & Pharmaceuticals

10 Global Legal Analytics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 IBM
12.2 Wipro
12.3 Unitedlex
12.4 Wolters Kluwer
12.5 Mindcrest
12.6 Agropoint Llc.
12.7 Cpa Global
12.8 Lexisnexis

Contact Us
Ruwin Mendez
Vice President – Global Sales & Partner Relations
Orian Research Consultants
US: +1 (832) 380-8827 | UK: +44 0161-818-8027
Email: info@orianresearch.com

About Us
Orian Research is one of the most comprehensive collections of market intelligence reports on the World Wide Web. Our reports repository boasts of over 500000+ industry and country research reports from over 100 top publishers. We continuously update our repository so as to provide our clients easy access to the world's most complete and current database of expert insights on global industries, companies, and products. We also specialize in custom research in situations where our syndicate research offerings do not meet the specific requirements of our esteemed clients.

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