How big is the Legal Analytics Market?

The Legal Analytics Market size is expected to reach USD 2.72 billion in 2024 and grow at a CAGR of 15.92% to reach USD 5.69 billion by 2029. Read More

What is the current Legal Analytics Market size?

In 2024, the Legal Analytics Market size is expected to reach USD 2.72 billion. Read More

Who are the key players in Legal Analytics Market?

Wolters Kluwer NV, Thomson Reuters Corporation, Mindcrest Inc., Lexisnexis ( RELX plc ) and Abacus Data Systems are the major companies operating in the Legal Analytics Market. Read More

Which is the fastest growing region in Legal Analytics Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Legal Analytics Market?

In 2024, the North America accounts for the largest market share in Legal Analytics Market. Read More

What years does this Legal Analytics Market cover, and what was the market size in 2023?

In 2023, the Legal Analytics Market size was estimated at USD 2.35 billion. The report covers the Legal Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Legal Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Legal Analytics Market - Size, Share & Trends

Legal Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

the Legal Analytics Software Market is Segmented by Tools (Predictive, Descriptive), Deployment Mode (Cloud, On-Premise), Industry (Legal Firms, Corporate), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). the Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Legal Analytics Industry Overview

The legal analytics market is moderately competitive, and startups are trying to disrupt the legal industry using the latest technology. However, the market is dominated by global players such as LexisNexis Group Inc., AbacusNext, Wipro Group, etc. These businesses' primary growth tactics to survive the fierce competition include product releases, substantial investment in research and development, collaborations, and acquisitions.

January 2023 - Kim, the Legal IT Insider platform, launched pre-packaged solutions for corporate legal teams to quickly automate the core processes of their working environment from triage through training outside counsel without any technical assistance. Corporate legal teams can access the platform for document automation, download the desired template, and within 30 minutes, the procedure is done.
June 2022 - India based technology startup, Legalkart, took to digitalization by offering audio and video legal consultations. Lawyers can handle all their cases, clients, teams, and finances on this single platform. The other services on the forum will be property verification, online document verification, and legal advice. According to the startup, over 10,000 registered lawyers are in India, across nearly 900 cities, districts, and regions.
April 2022 - The legal and regulatory firm Wolters Kluwer teamed up with Microsoft to embrace AI-driven legal research methods. They have developed a prototype for German clients that work in MS Word. Lawyers will get pertinent, high-quality content from several data sources without having to leave their regular workflows.