Learn about the global legal software (focus on machine learning) market through The Business Research Company, which provides information on legal software (focus on machine learning) market size, legal software (focus on machine learning) market drivers and restraints, legal software (focus on machine learning) market players, the COVID-19 impact on the legal software (focus on machine learning) market, and more.

The global legal software market size is expected to grow from $0.33 billion in 2021 to $0.39 billion in 2022 at a compound annual growth rate (CAGR) of 16.6%. The change in the legal software market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $0.63 billion in 2026 at a CAGR of 13.2%.

Increasing demand for intelligent business processes in law firms is driving the growth of legal software (focus on machine learning) market.

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The legal software (focus on machine learning) 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.

Global Legal Software (Focus On Machine Learning) Market Segments Include:

By Application: eDiscovery, Legal Research

By End-User: Corporate Legal Departments, Law Firms

By Technology: Machine Learning and Deep Learning, Natural Language Processing

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.

Legal software that includes artificial intelligence (AI) and machine learning (ML) are yet to be fully regulated by governing bodies in order to protect the confidential data involved in the processes.

TBRC’s legal software (focus on machine learning) market report covers:

Major Market Players: 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., and 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 (2016-21) and ten years forecast (2022-2026-2031)

The Legal Software (Focus On Machine Learning) Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s 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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