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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
1 Global Legal AI Software Market Outlook, By Region (2016-2026) ($MN)
2 Global Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
3 Global Legal AI Software Market Outlook, By On-Premises (2016-2026) ($MN)
4 Global Legal AI Software Market Outlook, By Cloud (2016-2026) ($MN)
5 Global Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
6 Global Legal AI Software Market Outlook, By Services (2016-2026) ($MN)
7 Global Legal AI Software Market Outlook, By Solutions (2016-2026) ($MN)
8 Global Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
9 Global Legal AI Software Market Outlook, By Case Prediction (2016-2026) ($MN)
10 Global Legal AI Software Market Outlook, By Compliance (2016-2026) ($MN)
11 Global Legal AI Software Market Outlook, By Contract Management (2016-2026) ($MN)
12 Global Legal AI Software Market Outlook, By Ediscovery (2016-2026) ($MN)
13 Global Legal AI Software Market Outlook, By Legal Research (2016-2026) ($MN)
14 Global Legal AI Software Market Outlook, By Other Applications (2016-2026) ($MN)
15 Global Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
16 Global Legal AI Software Market Outlook, By Natural Language Processing (2016-2026) ($MN)
17 Global Legal AI Software Market Outlook, By Machine Learning and Deep Learning (2016-2026) ($MN)
18 Global Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
19 Global Legal AI Software Market Outlook, By Law Firms (2016-2026) ($MN)
20 Global Legal AI Software Market Outlook, By Corporate Legal Departments (2016-2026) ($MN)
21 Global Legal AI Software Market Outlook, By Other End Users (2016-2026) ($MN)
22 North America Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
23 North America Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
24 North America Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
25 North America Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
26 North America Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
27 Europe Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
28 Europe Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
29 Europe Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
30 Europe Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
31 Europe Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
32 Asia Pacific Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
33 Asia Pacific Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
34 Asia Pacific Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
35 Asia Pacific Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
36 Asia Pacific Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
37 South America Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
38 South America Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
39 South America Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
40 South America Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
41 South America Legal AI Software Market Outlook, By End User (2016-2026) ($MN)
42 Middle East & Africa Legal AI Software Market Outlook, By Deployment Mode (2016-2026) ($MN)
43 Middle East & Africa Legal AI Software Market Outlook, By Component (2016-2026) ($MN)
44 Middle East & Africa Legal AI Software Market Outlook, By Application (2016-2026) ($MN)
45 Middle East & Africa Legal AI Software Market Outlook, By Technology (2016-2026) ($MN)
46 Middle East & Africa Legal AI Software Market Outlook, By End User (2016-2026) ($MN)