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Legal AI Market Growth, Size, Trends Analysis- By Component, By Technology, By Application, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Jul 30, 2025
Length 254 Pages
SKU # SPER20413937

Description

Legal AI Market Introduction and Overview

According to SPER market research, ‘Global Legal AI Market Size- By Component, By Technology, By Application, By End Use – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Legal AI Market is predicted to reach 7.32 Billion by 2034 with a CAGR 17.58%.Legal AI involves applying artificial intelligence technologies to improve and automate a range of tasks in the legal sector. Utilizing machine learning, natural language processing, and advanced data analytics, Legal AI tools assist law firms, corporate legal teams, and other professionals in managing vast document volumes, conducting research, reviewing contracts, forecasting case results, and maintaining regulatory compliance.

Restraints:
The legal AI market encounters several challenges that may affect its growth and adoption. A key issue is data privacy and security, as legal information is often sensitive and demands stringent protection. The complexity and variability of legal language also pose difficulties for AI systems in accurately interpreting nuances, which can result in errors. Additionally, integrating AI with existing legacy systems and workflows in law firms and corporate legal departments can be expensive and time-intensive.

Scope of the report:
Report Metric DetailsMarket size available for years 2021-2034Base year considered 2024Forecast period 2025-2034

Segments covered
By Component, By Technology, By Application, By End Use

Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered
Casetext Inc., CosmoLex Cloud, LLC, Docusign, Inc., Everlaw, Inc., IBM Corporation, Icertis, Inc., LexisNexis, Luminance Technologies Ltd., Neota Logic Inc., Open Text Corporation, Thomson Reuters Corporation, and Veritone, Inc.

Global Legal AI Market Segmentation:

By Component:
Based on the Component, Global Legal AI Market is segmented as; Solution, Services

By Technology:
Based on the Application, Global Legal AI Market is segmented as; Natural Language Processing Technology, Machine Learning and Deep Learning Technology

By Application:
Based on the Application, Global Legal AI Market is segmented as; E-Discovery, Legal Research, Analytics, Compliance and Regulatory Monitoring, Document Drafting and Review, Contract Management, Legal Chatbots, Others

By End Use:
Based on the End Use, Global Legal AI Market is segmented as; Law Firms, Corporate Legal Departments, Others

By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

Table of Contents

254 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Legal AI Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Legal AI Market
7. Global Legal AI Market, By Component, (USD Million) 2021-2034
7.1. Solution
7.1.1. Cloud-based
7.1.2. On-Premises
7.2. Services
7.2.1. Consulting Services
7.2.2. Support Services
7.2.3. Others
8. Global Legal AI Market, By Technology, (USD Million) 2021-2034
8.1. Natural Language Processing Technology
8.2. Machine Learning and Deep Learning Technology
9. Global Legal AI Market, By Application, (USD Million) 2021-2034
9.1. E-Discovery
9.2. Legal Research
9.3. Analytics
9.4. Compliance and Regulatory Monitoring
9.5. Document Drafting and Review
9.6. Contract Management
9.7. Legal Chatbots
9.8. Others
10. Global Legal AI Market, By End Use, (USD Million) 2021-2034
10.1. Law Firms
10.2. Corporate Legal Departments
10.3. Others
11. Global Legal AI Market, (USD Million) 2021-2034
11.1. Global Legal AI Market Size and Market Share
12. Global Legal AI Market, By Region, 2021-2034 (USD Million)
12.1. Asia-Pacific
12.1.1. Australia
12.1.2. China
12.1.3. India
12.1.4. Japan
12.1.5. South Korea
12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France
12.2.2. Germany
12.2.3. Italy
12.2.4. Spain
12.2.5. United Kingdom
12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia
12.3.2. United Arab Emirates
12.3.3. Qatar
12.3.4. South Africa
12.3.5. Egypt
12.3.6. Morocco
12.3.7. Nigeria
12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada
12.4.2. Mexico
12.4.3. United States
12.5. Latin America
12.5.1. Argentina
12.5.2. Brazil
12.5.3. Rest of Latin America
13. Company Profile
13.1. Casetext Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. CosmoLex Cloud, LLC
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Docusign, Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Everlaw, Inc.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. IBM Corporation
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Icertis, Inc.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. LexisNexis
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Luminance Technologies Ltd.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Neota Logic Inc.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Open Text Corporation
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Thomson Reuters Corporation
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Veritone, Inc.
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links

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