The LegalTech artificial intelligence market was valued at approximately US$ 3,245 million in 2018 and is expected to generate around US$ 37,858 million by 2027, at a CAGR of around +36% between 2019 and 2027.
LegalTech is the use of technology and innovations to squeeze out the time from legal services. Legal Tech as organizations that provide software and tech-enabled services to the legal vertical (including law firms and internal counsel) as well as tech-enabled services delivered to businesses and consumers. Computer science used to create intelligent machines that function like the human brain is called Artificial Intelligence. AI computers perform functions like a human such as learning, decision making, planning, and due diligence.
The LegalTech Artificial Intelligence Market report describes the market size, revenue generated from the sales and technologies by various application segments. The report highlights cutting edge technologies, market status, consumption, and volume, and gross margin analysis, import-export statistics. This report also covers the on-demand supply chain to figure out needs over various regions. LegalTech Artificial Intelligence Market report gives an in-depth study of the decisive elements of the market and current trends over past and future times, supervisory scenarios & technological growth.
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Top Key Players Covered in LegalTech Artificial Intelligence Market:
JP Morgan, 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, ROSS, and vLex.com, among others.
The global LegalTech Artificial Intelligence market research report focuses on the regional markets of North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. A number of analysis tools such as Porter’s five forces analysis and SWOT analysis have been employed to provide an accurate understanding of this market.
The industry analysts begin their task by compiling this huge pile of information, graphically expressing, anticipating the future market growth, offering the ways to improve the business, and many other important viewpoints explained by them in the Global LegalTech Artificial Intelligence Market report.
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Global LegalTech Artificial Intelligence Market: Application Analysis
- Document Management System
- Practice and Case Management
- Contract Management
- Legal Research
- Legal Analytics
- Cyber Security
- Predictive Technology
Global LegalTech Artificial Intelligence Market: End-User Analysis
To conclude, the report seamlessly combines the data into an integrated study that understands the importance of awareness about the intermingling factors involved in the LegalTech Artificial Intelligence market. It gives a comprehensive description to the reader about the benefits and drawbacks of the current market scenario. It also gives statistics regarding the upcoming trends and financial as well as the socio-economic aspects affecting the industry.
In This Study, The Years Considered To Estimate The Size Of LegalTech Artificial Intelligence Market Are As Follows:
- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027
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