LegalTech Artificial Intelligence Market Set to Surge - Key Insights You Must Know

LegalTech Artificial Intelligence Market Size

In order to maintain its leading position, the United States will increase its investment in artificial intelligence research and development in non-defense fields, from US$1.6 billion to US$1.7 billion in 2022.

Market Analysis and Insights: Global LegalTech Artificial Intelligence Market

The global LegalTech Artificial Intelligence market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

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As an important force driving a new round of scientific and technological revolution, artificial intelligence has been of national strategic importance. Many governments introduces polices and increase capital investment to support AI companies. The Digital Europe plan adopted by the European Union will allocate €9.2 billion on high-tech investments, such as supercomputing, artificial intelligence, and network security. According to the latest data released by IDC, global artificial intelligence revenue was US$432.8 billion in 2022, a year-on-year increase of 19.39%, including software, hardware and services.

Report Covers:

This report presents an overview of global market for LegalTech Artificial Intelligence market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of LegalTech Artificial Intelligence, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for LegalTech Artificial Intelligence, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the LegalTech Artificial Intelligence revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global LegalTech Artificial Intelligence market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

By Application
• Document Management System
• Practice and Case Management
• Contract Management
• IP-Management
• Legal Research
• Legal Analytics
• Cyber Security
• Predictive Technology
• Compliance

By Type
• Lawyers
• Clients

Key Companies
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

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