The Global Legal Software (focus on machine learning) Market Report by The Business Research Company Covers Legal Software (focus on machine learning) Market Drivers And Restraints, Legal Software (focus on machine learning) Market Size, Major Players, And The Impact Of COVID-19 On The Legal Software (focus on machine learning) Market.
The legal software market consists of sales of legal software and related services. Legal software is used to deliver solution and services using artificial intelligence and machine learning for corporate legal departments and law firms.
Increasing demand for intelligent business processes in law firms is driving the growth of machine learning market. Intelligent business process includes adoption of artificial intelligence (AI) or machine learning in the business processes.
The global legal software (focus on machine learning) market is expected to grow from $0.33 billion in 2020 to $0.37 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The legal software market is expected to reach $0.95 billion in 2025 at a CAGR of 26.6%.
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Some legal software (focus on machine learning) market trends include introduction of online platforms. Many online platforms have been introduced that provide potential clients to connect with the lawyers for simple services that includes trademark registration, leases, registration and execution of wills, contracts and lease agreements, dishonouring of cheques, recovering suits, and consumer complaints. For instance, LegalZoom, a US based firms helps you find attorneys without any hourly fees and documents provided by this firm are accepted by courts and government agencies across all the 50 states. This trend in providing online service will drive the demand or legal software.
Global legal software (focus on machine learning) market segments include:
1) By Application: E-discovery, Legal Research.
2) By End User: Corporate Legal Departments, Law Firms.
3) By Technology: Machine Learning And Deep Learning, Natural Language Processing.
4) By Deployment Mode: Cloud, On-Premise.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Legal Software (focus on machine learning) Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides legal software (focus on machine learning) market overviews, analyzes and forecasts market size, share, legal software (focus on machine learning) market players, legal software (focus on machine learning) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The legal software (focus on machine learning) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Legal Software (focus on machine learning) Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Microsoft Corporation, IBM Corporation, GoogleInc., BaiduInc., Hewlett Packard Enterprise Development LP (HPE), Intel Corporation, SAP SE, SAS Institute Inc, BigMLInc, Fair Isaac Corporation (FICO), Wipro, Nuance Communications, KNIME.com AG, RapidMinerInc, Angoss Software Corporation, H2O.ai, Alpine Data, Domino Data LabInc., Dataiku, Luminoso TechnologiesInc., TrademarkVision, Fractal Analytics Inc., TIBCO Software Inc., Teradata, Dell Inc., Oracle Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Legal Software (Focus On Machine Learning) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Legal Software (Focus On Machine Learning) Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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