PUBLISHER: TechNavio | PRODUCT CODE: 1916062
PUBLISHER: TechNavio | PRODUCT CODE: 1916062
Global AI In Legal Document Automation Market 2025-2029
The global AI in legal document automation market is forecasted to grow by USD 2251.0 mn during 2024-2029, accelerating at a CAGR of 30.9% during the forecast period. The report on the global AI in legal document automation 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 increasing demand for efficiency and cost reduction, growing complexity of legal and regulatory environments, advancements in AI and natural language processing.
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.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 29.1% |
| CAGR | 30.9% |
| Incremental Value | $2251.0 mn |
Technavio's global AI in legal document automation market is segmented as below:
By Deployment
- Cloud-based
- On-premises
By Application
- Contract review
- Document drafting
- Legal research
- Others
By End-User
- Law firms
- Corporate departments
- Regulatory bodies
- Legal tech service providers
Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- APAC
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- UAE
- Turkey
- Rest of World (ROW)
This study identifies the integration of generative AI into legal workflows as one of the prime reasons driving the global AI in legal document automation market growth during the next few years. Also, emphasis on vertical-specific AI solutions and increased focus on user experience and integration will lead to sizable demand in the market.
The report on the global AI in legal document automation market covers the following areas:
- Global AI in legal document automation market sizing
- Global AI in legal document automation market forecast
- Global AI in legal document automation market industry analysis
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 global AI in legal document automation market vendors that include ContractPod Technologies Ltd., Counsel AI Corp., CS Disco Inc., Everlaw Inc., Hebbia Inc., Ironclad Inc., Juro Ltd., Legalogic Ltd., LexisNexis Legal and Professional, LinkSquares Inc., Litera, Luminance Technologies Ltd., Neota Logic Inc., Reveal Data Corp., Robin AI Ltd., Themis Solutions Inc., Thomson Reuters Corp.. Also, the global AI in legal document automation 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.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Deployment
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
5 Historic Market Size
- 5.1 Global AI In Legal Document Automation Market 2019 - 2023
- Historic Market Size - Data Table on Global AI In Legal Document Automation Market 2019 - 2023 ($ million)
- 5.2 Deployment segment analysis 2019 - 2023
- Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
- 5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.4 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Five Forces Analysis
- 6.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 6.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 6.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 6.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 6.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 6.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 6.7 Market condition
7 Market Segmentation by Deployment
- 7.1 Market segments
- 7.2 Comparison by Deployment
- 7.3 Cloud-based - Market size and forecast 2024-2029
- 7.4 On-premises - Market size and forecast 2024-2029
- 7.5 Market opportunity by Deployment
- Market opportunity by Deployment ($ million)
8 Market Segmentation by Application
- 8.1 Market segments
- 8.2 Comparison by Application
- 8.3 Contract review - Market size and forecast 2024-2029
- 8.4 Document drafting - Market size and forecast 2024-2029
- 8.5 Legal research - Market size and forecast 2024-2029
- 8.6 Others - Market size and forecast 2024-2029
- 8.7 Market opportunity by Application
- Market opportunity by Application ($ million)
9 Market Segmentation by End-user
- 9.1 Market segments
- 9.2 Comparison by End-user
- 9.3 Law firms - Market size and forecast 2024-2029
- 9.4 Corporate departments - Market size and forecast 2024-2029
- 9.5 Regulatory bodies - Market size and forecast 2024-2029
- 9.6 Legal tech service providers - Market size and forecast 2024-2029
- 9.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- 11.2 Geographic comparison
- 11.3 North America - Market size and forecast 2024-2029
- 11.3.1 US - Market size and forecast 2024-2029
- 11.3.2 Canada - Market size and forecast 2024-2029
- 11.3.3 Mexico - Market size and forecast 2024-2029
- 11.4 Europe - Market size and forecast 2024-2029
- 11.4.1 Germany - Market size and forecast 2024-2029
- 11.4.2 UK - Market size and forecast 2024-2029
- 11.4.3 France - Market size and forecast 2024-2029
- 11.4.4 Italy - Market size and forecast 2024-2029
- 11.4.5 Spain - Market size and forecast 2024-2029
- 11.4.6 The Netherlands - Market size and forecast 2024-2029
- 11.5 APAC - Market size and forecast 2024-2029
- 11.5.1 China - Market size and forecast 2024-2029
- 11.5.2 Japan - Market size and forecast 2024-2029
- 11.5.3 South Korea - Market size and forecast 2024-2029
- 11.5.4 India - Market size and forecast 2024-2029
- 11.5.5 Australia - Market size and forecast 2024-2029
- 11.5.6 Indonesia - Market size and forecast 2024-2029
- 11.6 South America - Market size and forecast 2024-2029
- 11.6.1 Brazil - Market size and forecast 2024-2029
- 11.6.2 Argentina - Market size and forecast 2024-2029
- 11.6.3 Colombia - Market size and forecast 2024-2029
- 11.7 Middle East and Africa - Market size and forecast 2024-2029
- 11.7.1 South Africa - Market size and forecast 2024-2029
- 11.7.2 Saudi Arabia - Market size and forecast 2024-2029
- 11.7.3 UAE - Market size and forecast 2024-2029
- 11.7.4 Israel - Market size and forecast 2024-2029
- 11.7.5 Turkey - Market size and forecast 2024-2029
- 11.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity
- 12.1 Market drivers
- Increasing demand for efficiency and cost reduction
- Growing complexity of legal and regulatory environments
- Advancements in AI and natural language processing
- 12.2 Market challenges
- Data security and privacy concerns
- Integration with legacy systems
- Lack of skilled personnel and training
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities
- Integration of generative AI into legal workflows
- Emphasis on vertical-specific AI solutions
- Increased focus on user experience and integration
13 Competitive Landscape
- 13.1 Overview
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.1 Companies profiled
- Companies covered
- 14.2 Company ranking index
- Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Counsel AI Corp.
- Counsel AI Corp. - Overview
- Counsel AI Corp. - Product / Service
- Counsel AI Corp. - Key offerings
- SWOT
- 14.5 CS Disco Inc.
- CS Disco Inc. - Overview
- CS Disco Inc. - Product / Service
- CS Disco Inc. - Key offerings
- SWOT
- 14.6 Everlaw Inc.
- Everlaw Inc. - Overview
- Everlaw Inc. - Product / Service
- Everlaw Inc. - Key offerings
- SWOT
- 14.7 Hebbia Inc.
- Hebbia Inc. - Overview
- Hebbia Inc. - Product / Service
- Hebbia Inc. - Key offerings
- SWOT
- 14.8 Ironclad Inc.
- Ironclad Inc. - Overview
- Ironclad Inc. - Product / Service
- Ironclad Inc. - Key offerings
- SWOT
- 14.9 Juro Ltd.
- Juro Ltd. - Overview
- Juro Ltd. - Product / Service
- Juro Ltd. - Key offerings
- SWOT
- 14.10 LexisNexis Legal and Professional
- LexisNexis Legal and Professional - Overview
- LexisNexis Legal and Professional - Product / Service
- LexisNexis Legal and Professional - Key offerings
- SWOT
- 14.11 LinkSquares Inc.
- LinkSquares Inc. - Overview
- LinkSquares Inc. - Product / Service
- LinkSquares Inc. - Key offerings
- SWOT
- 14.12 Litera
- Litera - Overview
- Litera - Product / Service
- Litera - Key offerings
- SWOT
- 14.13 Luminance Technologies Ltd.
- Luminance Technologies Ltd. - Overview
- Luminance Technologies Ltd. - Product / Service
- Luminance Technologies Ltd. - Key offerings
- SWOT
- 14.14 Neota Logic Inc.
- Neota Logic Inc. - Overview
- Neota Logic Inc. - Product / Service
- Neota Logic Inc. - Key offerings
- SWOT
- 14.15 Reveal Data Corp.
- Reveal Data Corp. - Overview
- Reveal Data Corp. - Product / Service
- Reveal Data Corp. - Key offerings
- SWOT
- 14.16 Robin AI Ltd.
- Robin AI Ltd. - Overview
- Robin AI Ltd. - Product / Service
- Robin AI Ltd. - Key offerings
- SWOT
- 14.17 Themis Solutions Inc.
- Themis Solutions Inc. - Overview
- Themis Solutions Inc. - Product / Service
- Themis Solutions Inc. - Key offerings
- SWOT
- 14.18 Thomson Reuters Corp.
- Thomson Reuters Corp. - Overview
- Thomson Reuters Corp. - Business segments
- Thomson Reuters Corp. - Key news
- Thomson Reuters Corp. - Key offerings
- Thomson Reuters Corp. - Segment focus
- SWOT
15 Appendix
- 15.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- Research methodology
- 15.5 Data procurement
- Information sources
- 15.6 Data validation
- Data validation
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.8 Data synthesis
- Data synthesis
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
- List of abbreviations
