Global Legal AI Software Market Analysis 2019
The Global Legal AI Software Market is expected to reach $1.89 billion by 2026 growing at a CAGR of 30.5% from 2017 to 2026. Legal AI software refers to the usage of AI technology to perform various tasks carried out by law firms and corporate legal departments. Some of the factors such as increasing demand for AI-powered customer support service and growing demand for automation in applications such as eDiscovery, contract management, compliance, and case prediction are propelling the market growth. However, lack of awareness among law firms and Cybersecurity are the restraining the market growth.
Based on End-User, Corporate legal department segment has significant growth during the forecast period. Legal AI software helps them in reducing the cost and stream lining work and processes, reducing repetitive tasks, and attorneys focusing more on building strategies, and increasing productivity.
Some of the key players in the Legal AI Software Market include IBM, Veritone, Thomson Reuters, Ross Intelligence, Pensieve, Opentext, Omni Software Systems, Neota Logic, Nalanda Technology, Luminance, Lexisnexis, Legalsifter, Lawgeex, Klarity, Kira, Ey Riverview Law, Everlaw, Cognitiv+, Casetext.
Deployment Mode Covered:
• On-Premises
• Cloud
Components Covered:
• Services
• Solutions
Applications Covered:
• Case Prediction
• Compliance
• Contract Management
• Ediscovery
• Legal Research
• Other Applications
Technologies Covered:
• Natural Language Processing
• Machine Learning and Deep Learning
End-Users Covered:
• Law Firms
• Corporate Legal Departments
• Other End Users
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
- 1 Market Synopsis
- 2 Research Outline
- 2.1 Research Snapshot
- 2.2 Research Methodology
- 2.3 Research Sources
- 2.3.1 Primary Research Sources
- 2.3.2 Secondary Research Sources
- 3 Market Dynamics
- 3.1 Drivers
- 3.2 Restraints
- 4 Market Environment
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Legal AI Software Market, By Deployment Mode
- 5.1 Introduction
- 5.2 On-Premises
- 5.3 Cloud
- 6 Global Legal AI Software Market, By Component
- 6.1 Introduction
- 6.2 Services
- 6.3 Solutions
- 7 Global Legal AI Software Market, By Application
- 7.1 Introduction
- 7.2 Case Prediction
- 7.3 Compliance
- 7.4 Contract Management
- 7.5 Ediscovery
- 7.6 Legal Research
- 7.7 Other Applications
- 8 Global Legal AI Software Market, By Technology
- 8.1 Introduction
- 8.2 Natural Language Processing
- 8.3 Machine Learning and Deep Learning
- 9 Global Legal AI Software Market, By End User
- 9.1 Introduction
- 9.2 Law Firms
- 9.3 Corporate Legal Departments
- 9.4 Other End Users
- 10 Global Legal AI Software Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.3 Europe
- 10.4 Asia Pacific
- 10.5 South America
- 10.6 Middle East & Africa
- 11 Strategic Benchmarking
- 12 Vendors Landscape
- 12.1 IBM
- 12.2 Veritone
- 12.3 Thomson Reuters
- 12.4 Ross Intelligence
- 12.5 Pensieve
- 12.6 Opentext
- 12.7 Omni Software Systems
- 12.8 Neota Logic
- 12.9 Nalanda Technology
- 12.10 Luminance
- 12.11 Lexisnexis
- 12.12 Legalsifter
- 12.13 Lawgeex
- 12.14 Klarity
- 12.15 Kira
- 12.16 Ey Riverview Law
- 12.17 Everlaw
- 12.18 Cognitiv+
- 12.19 Casetext
- List of Data Tables
- Table 1 Global Legal AI Software Market Outlook, By Region (2016-2026) ($MN)
- Table 2 Global Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
- Table 3 Global Legal AI Software Market Outlook, By On-Premises (2016-2026) ($MN)
- Table 4 Global Legal AI Software Market Outlook, By Cloud (2016-2026) ($MN)
- Table 5 Global Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
- Table 6 Global Legal AI Software Market Outlook, By Services (2016-2026) ($MN)
- Table 7 Global Legal AI Software Market Outlook, By Solutions (2016-2026) ($MN)
- Table 8 Global Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
- Table 9 Global Legal AI Software Market Outlook, By Case Prediction (2016-2026) ($MN)
- Table 10 Global Legal AI Software Market Outlook, By Compliance (2016-2026) ($MN)
- Table 11 Global Legal AI Software Market Outlook, By Contract Management (2016-2026) ($MN)
- Table 12 Global Legal AI Software Market Outlook, By Ediscovery (2016-2026) ($MN)
- Table 13 Global Legal AI Software Market Outlook, By Legal Research (2016-2026) ($MN)
- Table 14 Global Legal AI Software Market Outlook, By Other Applications (2016-2026) ($MN)
- Table 15 Global Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
- Table 16 Global Legal AI Software Market Outlook, By Natural Language Processing (2016-2026) ($MN)
- Table 17 Global Legal AI Software Market Outlook, By Machine Learning and Deep Learning (2016-2026) ($MN)
- Table 18 Global Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
- Table 19 Global Legal AI Software Market Outlook, By Law Firms (2016-2026) ($MN)
- Table 20 Global Legal AI Software Market Outlook, By Corporate Legal Departments (2016-2026) ($MN)
- Table 21 Global Legal AI Software Market Outlook, By Other End Users (2016-2026) ($MN)
- Table 22 North America Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
- Table 23 North America Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
- Table 24 North America Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
- Table 25 North America Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
- Table 26 North America Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
- Table 27 Europe Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
- Table 28 Europe Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
- Table 29 Europe Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
- Table 30 Europe Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
- Table 31 Europe Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
- Table 32 Asia Pacific Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
- Table 33 Asia Pacific Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
- Table 34 Asia Pacific Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
- Table 35 Asia Pacific Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
- Table 36 Asia Pacific Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
- Table 37 South America Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
- Table 38 South America Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
- Table 39 South America Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
- Table 40 South America Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
- Table 41 South America Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
- Table 42 Middle East & Africa Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
- Table 43 Middle East & Africa Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
- Table 44 Middle East & Africa Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
- Table 45 Middle East & Africa Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
- Table 46 Middle East & Africa Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
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