PUBLISHER: TechNavio | PRODUCT CODE: 1774432
PUBLISHER: TechNavio | PRODUCT CODE: 1774432
The legal ai software market is forecasted to grow by USD 2,924.4 mn during 2024-2029, accelerating at a CAGR of 32.4% during the forecast period. The report on the legal ai software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative for enhanced efficiency and cost reduction, escalating volume and complexity of digital data, and mainstreaming and accessibility of generative ai.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 29.6% |
CAGR | 32.4% |
Incremental Value | $2,924.4 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's legal ai software market is segmented as below:
By Type
By Application
By End-user
By Geographical Landscape
This study identifies the integration of generative ai into core legal workflows as one of the prime reasons driving the legal ai software market growth during the next few years. Also, heightened focus on responsible ai, governance, and security and democratization of ai for small firms and in-house teams will lead to sizable demand in the market.
The report on the legal ai software market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading legal ai software market vendors that include Accenture PLC, Alteryx Inc., Amazon.com Inc., Booz Allen Hamilton Holding Corp., Capgemini Service SAS, Cognizant Technology Solutions Corp., DataRobot Inc., Fair Isaac Corp., Google LLC, H2O.ai Inc., Informatica Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Palantir Technologies Inc., Quantiphi Inc., SAS Institute Inc., and Tata Consultancy Services Ltd.. Also, the legal ai software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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