Legal analytics market is growing at a Compound Annual Growth Rate (CAGR) of 32.7%and projected to grow from $ 451.1million in 2017 to $ 1,858.9 million by 2022, during the forecast period.
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Key vendors profiled in the report are as follows:
1.Wolters Kluwer (Netherlands)
2.Thomson Reuters (Canada)
3.Mind Crest, Inc. (US)
4.United Lex Corporation (US)
5.Argopoint LLC (US)
8.CPA Global (UK)
9.Analytics Consulting LLC (US)
10.The Bureau of National Affairs (BNA) Inc. (US)
11.IBM Corporation (US)
12.Wipro Limited (India)
Market research report on legal Analytics Market by Component (Solution, Services), Analytics Type (Descriptive, Predictive), Case Type (Commercial Case Management, IP Management), Deployment Model (On-Premises, On-Demand), End User, and Region - Global Forecast to 2022
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the legal analytics marketplace.
- 1.By Company Type: Tier 1:17%, Tier 2:45%, and Tier 3: 38%
- 2.By Designation: C-Level: 38%, Director Level:55%, and Others: 7%
- 3.By Region: North America:42%, Europe: 30%,APAC: 18%, and RoW: 10%
Factors, such as increase in productivity and revenue of law firms, and growing demand for automation in legal analytics for data-driven decision-making are expected to drive the legal analytics market. Lack of awareness about legal analytics among litigators and law schools can restrain the growth of the market.
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The legal analytics market has been studied for North America, Europe, Asia Pacific (APAC), and RoW. The Europe region has been widely implementing legal analytics solutions to significantly improve the productivity of law firms and corporates. Furthermore, law schools and governments of various countries in the region are implementing legal analytics.
Browse complete report on Legal Analytics Market by Component (Solution, Services), Analytics Type (Descriptive, Predictive) with 111 pages, 10 plus companies profiled backed with 41 tables and 54 figures, now available at
The legal analytics market has been segmented on the basis of component, analytics type, case type, deployment model, end user, and region. Based on component, the legal analytics markethas been segmented into solution and services. Based on analytics type, the market has been segmented into descriptive analytics, prescriptive analytics, and predictive analytics.
Based on case type, the legal analytics market has been segmented into intellectual property management, antitrust management, commercial case management, and others (security litigation and class action suits). Based on deployment model, the legal analytics market has been segmented into on-premises and on-demand. Based on end user, the legal analytics market has been segmented into corporates, law firms, and others (educational institutions, and government departments & agencies).The legal analytics market has been studied for North America, Europe, APAC, and RoW (the Middle East & Africa and Latin America).
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