LegalTech Artificial Intelligence Market Sets the Table for Continued Growth | Legalmation, Casetext, LawGeex, LexisNexis

The global legaltech artificial intelligence market was valued at approximately USD 3,240 million in 2018 and is expected to generate around USD 37,856 million by 2026, at a CAGR of around 35.90% between 2019 and 2026.

Advance Market Analytics published a new research publication on "LegalTech Artificial Intelligence Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the LegalTech Artificial Intelligence market was mainly driven by the increasing R&D spending across the world.

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The United States LegalTech Artificial Intelligence market is fairly fragmented. The key companies continue to drive innovation and, adopt digital transformations, and the overall competitive ecosystem is dominated by market leaders as well as emerging players with niche offerings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global LegalTech Artificial Intelligence market throughout the predicted period.

Some of the key players profiled in the study are:
ROSS Intelligence, Inc. (United States), Legalmation (United States), Casetext Inc. (United States), LawGeex (United States), LexisNexis (United States), eBREVIA (United States), LegalSifter, Inc. (United States), Luminance Technologies Ltd. (United Kingdom), Kira Inc. (Canada), Blue J Legal Inc. (Canada).

Scope of the Report of LegalTech Artificial Intelligence
Artificial intelligence is increasingly transforming industries, including law practice. Companies that use technology for the legal sector are known as LegalTech companies. They provide software and services to the legal sector, businesses, corporations, and consumers. AI in legal practices is gaining popularity due to increased accuracy and efficiency in legal records keeping with low cost. With the help of Artificial Intelligence, Law firms can review contracts in less time, without compromising on quality. The United States market for LegalTech Artificial Intelligence is expected to rise with the growing number of mergers and acquisitions in the LegalTech industry and significant investments in AI-related technologies in the region. According to the ABA’s 2020 Legal Technology Survey Report, Artificial intelligence-based tools continue to be used by only a very small percentage of law firms.

The titled segments and sub-section of the market are illuminated below:
LegalTech Artificial Intelligence

Market Drivers:
Increased Efficiency with Fewer Chances of Error by AI Enabled System
Growing Demand for AI-based Solution in the Legal Sector

Market Trends:
Growing Digitization and Increasing Use of Cloud
Introduction of Blockchain Technology in the Law Sector

Opportunities:
Increasing Burden of Legal Activities across the Law Sector
Huge Opportunities for Start-ups and New Market Entrants

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Strategic Points Covered in Table of Content of Global LegalTech Artificial Intelligence Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the LegalTech Artificial Intelligence market
Chapter 2: Exclusive Summary - the basic information of the LegalTech Artificial Intelligence Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the LegalTech Artificial Intelligence
Chapter 4: Presenting the LegalTech Artificial Intelligence Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the LegalTech Artificial Intelligence market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, LegalTech Artificial Intelligence Market is a valuable source of guidance for individuals and companies.

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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