Legal Software (focus on machine learning) Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the legal software market report by The Business Research Company, increasing demand for intelligent business processes in law firms is driving the growth of the machine learning market. Intelligent business process includes the adoption of artificial intelligence (AI) or machine learning in business processes.

The global legal software market size will grow from $0.39 billion in 2022 to $0.44 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global legal software market size is expected to grow to $0.72 billion in 2027 at a CAGR of 12.7%.

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https://www.thebusinessresearchcompany.com/report/retirement-communities-market

Major competitors in the legal software market include Microsoft Corporation, IBM Corporation, Google Inc., Baidu Inc., Hewlett Packard Enterprise Development LP (HPE), Intel Corporation, SAP SE, SAS Institute Inc., BigMLInc., Fair Isaac Corporation (FICO), Wipro, Nuance Communications, KNIME.com AG, RapidMinerInc., Angoss Software Corporation, H2O.ai, Alpine Data, Domino Data LabInc., Dataiku, Luminoso TechnologiesInc., TrademarkVision, Fractal Analytics Inc., TIBCO Software Inc., Teradata, Dell Inc., and Oracle Corporation.

The legal software market is segmented -
• By Application: Ediscovery, Legal Research

• By End User: Corporate Legal Departments, Law Firms

• By Technology: Machine Learning And Deep Learning, Natural Language Processing

• By Deployment Mode: Cloud, On-Premise

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the legal software market.

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Legal software is software used by legal professionals to perform tasks specifically related to legal affairs and the operation of law firms.

The Table Of Content For The Legal Software Market Include:
1. Executive Summary
2. Legal Software Market Characteristics
3. Legal Software Market Trends And Strategies
4. Legal Software Market - Macro Economic Scenario
5. Legal Software Market Size And Growth
6. Legal Software Market Segmentation

……

26. Africa Legal Software Market
27. Legal Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Legal Software Market
29. Legal Software Market Future Outlook and Potential Analysis
30. Appendix

The "Global Legal Software Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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