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Legal Analytics Market, by Component (Solution, Services), Analytics Type (Descriptive Analytics, Prescriptive Analytics, Predictive Analytics), Case Type (Commercial Case Management, Intellectual Property Management, Antitrust Management), Deployment Model (On-Premises, On-Demand), End User (Corporates, Law Firms, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

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Legal analytics is a management process in which actionable knowledge is extracted from data in order to assist decision makers and in-house legal leaders on various topics as varied as process improvement, comparative legal costs, resource management, matter forecasting, legal strategy, billing optimization, and financial operations. Legal Analytics reveals important data patterns about prior litigation. Legal analytics helps lawyers in gaining critical benefit in the business and law practice. Laws firms with data driven insight are ready to pitch as well as land new clients and also win lawsuits.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the legal analytics market. The scope of this report covers the legal analytics market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • The global market for legal analytics is driven by certain factors including escalating revenue and productivity of law firms as well as increasing demand in legal analytics for automation to make data-driven decision. There are various factors hindering the market growth of legal analytics such as lack of legal analytics’ awareness and its understanding.
  • Most law firms whether small or medium are not aware about solutions of legal analytics and still opt for traditional methodology or approach for efficient decision-making. Also, for managing and storing huge data repository, certain legacy firms are still following the traditional way.
  • In addition, various law school firms are not even aware of benefits and functioning of legal analytics solutions. Therefore, law firms as well as enterprises needs to be updated with the benefits associated with legal analytics.

Regionally, the global market for legal analytics is segmented as Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these regions, North America is anticipated to be the market leader of the legal analytics over the forecast period owing to high-class legal services offered by the vendors to their clients in this region mainly in the US & Canada. Furthermore, it has been observed that this region has been tremendously responsive towards the adoption of latest technologies. Also, North America is observing speedy automation in legal services in several end-use industries, and is rapidly adopting legal analytics services and solutions which in turn is boosting the market growth of legal analytics.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s legal analytics market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the legal analytics market by the following segments:

  • Legal Analytics Market, by Component 
    • Solution
    • Services
  • Legal Analytics Market, by Analytics Type
    • Descriptive Analytics
    • Prescriptive Analytics
    • Predictive Analytics
  • Legal Analytics Market, by Case Type
    • Commercial Case Management
    • Intellectual Property Management
    • Antitrust Management
    • Others
  • Legal Analytics Market, by Deployment Model
    • On-Premises
    • On-Demand
  • Legal Analytics Market, by End User
    • Corporates
    • Law Firms
    • Others

KEY MARKET PLAYERS

Key players in the legal analytics market include:

  • Wolters Kluwer
  • Thomson Reuters
  • Mindcrest, Inc.
  • Unitedlex Corporation
  • Argopoint LLC.
  • Lexisnexis
  • Premonition
  • CPA Global
  • Analytics Consulting LLC
  • The Bureau of National Affairs (BNA), Inc.

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K.
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • MIDDLE EAST & AFRICA
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • LATIN AMERICA
    • Brazil
    • Rest of Latin America

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
    2. Technology Roadmap
  5. LEGAL ANALYTICS MARKET, BY COMPONENT 
    1. Segment Share
    2. By Component
      1. Solution
      2. Services
  6. LEGAL ANALYTICS MARKET, BY ANALYTICS TYPE
    1. Segment Share
    2. By Analytics Type
      1. Descriptive Analytics
      2. Prescriptive Analytics
      3. Predictive Analytics
  7. LEGAL ANALYTICS MARKET, BY CASE TYPE
    1. Segment Share
    2. By Case Type
      1. Commercial Case Management
      2. Intellectual Property Management
      3. Antitrust Management
      4. Others
  8. LEGAL ANALYTICS MARKET, BY DEPLOYMENT MODEL
    1. Segment Share
    2. By Deployment Model
      1. On-Premises
      2. On-Demand
  9. LEGAL ANALYTICS MARKET, BY END USER
    1. Segment Share
    2. By End User
      1. Corporates
      2. Law Firms
      3. Others
  10. LEGAL ANALYTICS MARKET, BY GEOGRAPHY
    1. Segment Share
    2. North America
      1. By Regions
        1. U.S.
        2. Rest of North America
      2. By Component
      3. By Analytics Type
      4. By Case Type
      5. By Deployment Model
      6. By End User
    3. Europe
      1. By Region
        1. France
        2. Germany
        3. U.K.
        4. Rest of Europe
      2. By Component
      3. By Analytics Type
      4. By Case Type
      5. By Deployment Model
      6. By End User
    4. Asia-Pacific
      1. By Region
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Component
      3. By Analytics Type
      4. By Case Type
      5. By Deployment Model
      6. By End User
    5. Middle East & Africa
      1. By Region
        1. GCC
        2. North Africa
        3. South Africa
        4. Rest of Middle East & Africa
      2. By Component
      3. By Analytics Type
      4. By Case Type
      5. By Deployment Model
      6. By End User
    6. Latin America
      1. By Region
        1. Brazil
        2. Rest of Latin America
      2. By Component
      3. By Analytics Type
      4. By Case Type
      5. By Deployment Model
      6. By End User
  11. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2016
    2. Key Innovators
  12. KEY MARKET PLAYERS
    1. Wolters Kluwer
      1. Overview
      2. Key Strategies
      3. Key Developments
    2. Thomson Reuters
      1. Overview
      2. Key Strategies
      3. Key Developments
    3. Mindcrest, Inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
    4. Unitedlex Corporation
      1. Overview
      2. Key Strategies
      3. Key Developments
    5. Argopoint LLC.
      1. Overview
      2. Key Strategies
      3. Key Developments
    6. Lexisnexis
      1. Overview
      2. Key Strategies
      3. Key Developments
    7. Premonition
      1. Overview
      2. Key Strategies
      3. Key Developments
    8. CPA Global
      1. Overview
      2. Key Strategies
      3. Key Developments
    9. Analytics Consulting LLC
      1. Overview
      2. Key Strategies
      3. Key Developments
    10. The Bureau of National Affairs (BNA), Inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
  13. SCALAR 360 DEGREE MARKET PERSPECTIVE
  14. APPENDIX
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