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LegalTech Artificial Intelligence Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
LegalTech Artificial Intelligence MarketLegal technology, also known as Legal Tech, refers to the use of technology and software to provide legal services. Legal Tech companies are generally startups founded with the purpose of disrupting the traditionally conservative legal market. LegalTech Artificial Intelligence is the application of AI in Legal Tech area.
The global LegalTech Artificial Intelligence market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for LegalTech Artificial Intelligence is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for LegalTech Artificial Intelligence is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for LegalTech Artificial Intelligence in Document Management System is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of LegalTech Artificial Intelligence include Blue J Legal, Casetext Inc., Catalyst Repository Systems, eBREVIA, Everlaw, FiscalNote, Judicata, Justia and Knomos Knowledge Management Inc., etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for LegalTech Artificial Intelligence, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LegalTech Artificial Intelligence.
The LegalTech Artificial Intelligence market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global LegalTech Artificial Intelligence market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LegalTech Artificial Intelligence companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• Blue J Legal
• Casetext Inc.
• Catalyst Repository Systems
• eBREVIA
• Everlaw
• FiscalNote
• Judicata
• Justia
• Knomos Knowledge Management Inc.
• Lawgeex
• Legal Robot Inc.
• LEVERTON
• LexMachina
• Loom Analytics
• Luminance Technologies Ltd.
• Ravel Law
Segment by Type
• Lawyers
• Clients
Segment by Application
• Document Management System
• Practice and Case Management
• Contract Management
• IP-Management
• Legal Research
• Legal Analytics
• Cyber Security
• Predictive Technology
• Compliance
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