The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Legal Technology Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Legal Technology Market:
https://www.thebusinessresearchcompany.com/report/legal-technology-global-market-report
According to The Business Research Company’s Legal Technology Global Market Report 2024, The legal technology market size has grown strongly in recent years. It will grow from $27.64 billion in 2023 to $30.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increasing legal workload and complexity, regulatory compliance requirements, rise of e-discovery solutions, globalization and cross-border legal challenges, client expectations for efficiency. The legal technology market size is expected to see strong growth in the next few years. It will grow to $43.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
The increasing demand for remote work is expected to drive the growth of the legal technology market in the future. Remote work entails employees performing their job duties outside of a traditional office setting. In this context, legal technology tools are vital for ensuring data security and compliance with privacy regulations. These tools include establishing secure communication channels, implementing encryption measures, and adhering to data protection standards. For instance, a report published by the United States Census Bureau in September 2022 revealed that the District of Columbia had the highest percentage of remote workers in 2021, with 48.3% of its workforce engaged in home-based work. Other states with significant proportions of remote workers included Washington (24.2%), Maryland (24.0%), Colorado (23.7%), and Massachusetts (23.7%). Consequently, the growing demand for remote work is a key factor propelling the growth of the legal technology market
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The legal technology market covered in this report is segmented –
1) By Type: Case Management, Lead Management, Document Management, Billing And Accounting, Other Types
2) By Solution: E-Discovery, Legal Research, Legal Analytics, Document Management, Other Solutions
3) By End-User: Law Firms, Corporate Legal Departments, Other End-Users
Top Major Players
RELX PLC,
Thomson Reuters,
Wolters Kluwer N.V.,
OpenText Corporation,
LexisNexis Legal & Professional Company
The legal technology market report table of contents includes:
1. Executive Summary
- Legal Technology Market Characteristics
- Legal Technology Market Trends And Strategies
- Legal Technology Market – Macro Economic Scenario
- Global Legal Technology Market Size and Growth
- Legal Technology Market Segmentation
- Legal Technology Market Regional And Country Analysis
………….
- Key Mergers And Acquisitions In The Legal Technology Market
- Legal Technology Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Legal Technology Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Legal Technology Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Legal Technology Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 74: RELX PLC Financial Performance
Table 75: Thomson Reuters Financial Performance
Table 76: Wolters Kluwer N.V. Financial Performance
Table 77: OpenText Corporation Financial Performance
Table 78: LexisNexis Legal & Professional Company Financial Performance
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