LegalTech Artificial Intelligence Market Outlook to 2028 - COVID-19 Impact and Global Analysis By IBM Corporation, Kira Inc, LawGeex, Lex Machina, Inc, Luminance Technologies Ltd

Increased AI adoption rate to benefit customers and clients by proper decision-making by the LegalTech artificial intelligence industry. The demand for automation in the LegalTech Artificial Intelligence market by the right company to minimize their time in completing a legal case, as well as the increasing number of processes in the legal industry around the world, are driving growth for the LegalTech Artificial Intelligence market. The LegalTech Artificial Intelligence market's growth is being hampered by a lack of awareness among law firms. The LegalTech Artificial Intelligence market is growing in response to the growing demand for data-driven decisions in the LegalTech Artificial Intelligence market.

LegalTech Artificial Intelligence Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Services); Application (Legal Analytics, Legal Research, EDiscovery, Contract Management, E-billing); End-User (Law Firms, Corporations, Legal Service Providers) and Geography

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LegalTech refers to the use of technology and creativity to reduce the amount of time spent on legal services. Legal Tech is a company that specializes in providing software and technology-enabled services to the legal industry, as well as tech-enabled services to companies and customers. AI is a branch of computer science that is used to build intelligent machines that act similarly to the human brain. Human-like learning, decision-making, preparation, and due diligence are all performed by AI computers. Artificial intelligence (AI) plays a significant role in the legaltech industry. It saves time, improves performance, and lowers the chances of making a mistake. LegalTech companies are technology companies that work in the legal sector. They provide legal professionals, companies, and customers with software and tech-enabled services. Artificial intelligence (AI) is commonly used in LegalTech for a variety of applications. Machine learning and linguistic information processing systems are being used by companies in the legal technology field, and software is being developed to appeal to a variety of applications.

The "Global LegalTech Artificial Intelligence Market Analysis To 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The legaltech artificial intelligence market report aims to provide an overview of the legaltech artificial intelligence market with detailed market segmentation by component, application, end-user, and geography. The global legaltech artificial intelligence market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading legaltech artificial intelligence market players and offers key trends and opportunities in the market.

The global legaltech artificial intelligence market is segmented on the basis of component, application, and end-user. Based on component, the legaltech artificial intelligence market is segmented into: software and services. On the basis of application, the legaltech artificial intelligence market is segmented into: legal analytics, legal research, ediscovery, contract management, and e-billing. Similarly, based on e end-user, the legaltech artificial intelligence market is segmented into: law firms, corporations, and legal service providers.

Companies Mentioned are -

- Apttus Corporation
- Casetext Inc
- Catalyst Repository Systems Inc
- FiscalNote
- IBM Corporation
- Kira Inc
- LawGeex
- Lex Machina, Inc
- Luminance Technologies Ltd
- ROSS Intelligence

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