Legal analytics is the process of incorporating data into decision-making on topics affecting law firms and lawyers, such as matter forecasting, legal strategy, and resource management. When used appropriately, legal analytics provides a competitive advantage by providing unparalleled transparency and insight into in-house counsel members, departments, and decision-makers.
Machine learning implementations are widely used to structure complex legal data in response to increasing technological innovations. Moreover, increasing demand for analytical tools to achieve automated legal organization is another key factor driving the growth of the market. In addition, increased productivity and profitability of law firms boosts market growth. However, the high cost set up of legal analytics and lack of knowledge about analytics technology hamper the market growth. Furthermore, the adoption of machine learning and artificial intelligence in analytics provides ample growth opportunities for market growth.
The legal analytics market is segmented on the basis of offering, deployment model, case type, analytics type, end-user, and region. On the basis of offering, the market is categorized into solution and services. By service, the market is bifurcated into professional services and managed services. On the basis of deployment model, the market is classified into on-premise and cloud. By case type, the market is fragmented into commercial case management, intellectual property management, antitrust management, and others. On the basis of analytics type, the market is segregated into descriptive analytics, predictive analytics, and prescriptive analytics. On the basis of end-user, the market is divided into law firms and in-house legal counsel. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are Clarivate, Lexisnexis, Microsoft Corporation, Thomson Reuters, Everlaw Inc., IBM Corporation, Premonition LLC, Wipro Limited, Wolters Kluwer, Evisort, Onna, Proofpoint Inc., UnitedLex Corporation, Abacus Data Systems, Axiom, Mindcrest Inc., and Smokeball.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the legal analytics market analysis from 2021 to 2031 to identify the prevailing legal analytics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the legal analytics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global legal analytics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Offering
- Solution
- Services
- Service Type
- Professional Services
- Managed Services
By Case Type
- Commercial Case Management
- Intellectual Property Management
- Antitrust Management
- Others
By by Deployment Mode
By Analytics Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
By End-user
- Law Firms
- In-house Legal Counsel
By Region
- North America
- Europe
- Rest Of Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- IBM Corporation (U.S.)
- Clarivate Analytics
- LexisNexis
- Microsoft Corporation
- Thomson Reuters Corporation
- Everlaw
- Premonition
- Wipro Limited
- Wolters Kluwer
- evisort
- Onna Technologies Inc.
- Proofpoint, Inc.
- unitedlex corporation
- abacus data inc.
- Axiom
- Mindcrest
- smokeball
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: LEGAL ANALYTICS MARKET, BY OFFERING
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Solution
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Services
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.3.4 Services Legal Analytics Market by Service Type
- 4.3.4.1 Professional Services Market size and forecast, by region
- 4.3.4.2 Professional Services Market size and forecast, by country
- 4.3.4.3 Managed Services Market size and forecast, by region
- 4.3.4.4 Managed Services Market size and forecast, by country
CHAPTER 5: LEGAL ANALYTICS MARKET, BY CASE TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Commercial Case Management
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Intellectual Property Management
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4 Antitrust Management
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
- 5.5 Others
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market share analysis by country
CHAPTER 6: LEGAL ANALYTICS MARKET, BY BY DEPLOYMENT MODE
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 On-premise
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3 Cloud
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
CHAPTER 7: LEGAL ANALYTICS MARKET, BY ANALYTICS TYPE
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Descriptive Analytics
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
- 7.3 Predictive Analytics
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
- 7.4 Prescriptive Analytics
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market share analysis by country
CHAPTER 8: LEGAL ANALYTICS MARKET, BY END-USER
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 Law Firms
- 8.2.1 Key market trends, growth factors and opportunities
- 8.2.2 Market size and forecast, by region
- 8.2.3 Market share analysis by country
- 8.3 In-house Legal Counsel
- 8.3.1 Key market trends, growth factors and opportunities
- 8.3.2 Market size and forecast, by region
- 8.3.3 Market share analysis by country
CHAPTER 9: LEGAL ANALYTICS MARKET, BY REGION
- 9.1 Overview
- 9.1.1 Market size and forecast
- 9.2 North America
- 9.2.1 Key trends and opportunities
- 9.2.2 North America Market size and forecast, by Offering
- 9.2.2.1 North America Services Legal Analytics Market by Service Type
- 9.2.3 North America Market size and forecast, by Case Type
- 9.2.4 North America Market size and forecast, by by Deployment Mode
- 9.2.5 North America Market size and forecast, by Analytics Type
- 9.2.6 North America Market size and forecast, by End-user
- 9.2.7 North America Market size and forecast, by country
- 9.2.7.1 U.S.
- 9.2.7.1.1 Key market trends, growth factors and opportunities
- 9.2.7.1.2 Market size and forecast, by Offering
- 9.2.7.1.2.1 U.S. Services Legal Analytics Market by Service Type
- 9.2.7.1.3 Market size and forecast, by Case Type
- 9.2.7.1.4 Market size and forecast, by by Deployment Mode
- 9.2.7.1.5 Market size and forecast, by Analytics Type
- 9.2.7.1.6 Market size and forecast, by End-user
- 9.2.7.2 Canada
- 9.2.7.2.1 Key market trends, growth factors and opportunities
- 9.2.7.2.2 Market size and forecast, by Offering
- 9.2.7.2.2.1 Canada Services Legal Analytics Market by Service Type
- 9.2.7.2.3 Market size and forecast, by Case Type
- 9.2.7.2.4 Market size and forecast, by by Deployment Mode
- 9.2.7.2.5 Market size and forecast, by Analytics Type
- 9.2.7.2.6 Market size and forecast, by End-user
- 9.3 Europe
- 9.3.1 Key trends and opportunities
- 9.3.2 Europe Market size and forecast, by Offering
- 9.3.2.1 Europe Services Legal Analytics Market by Service Type
- 9.3.3 Europe Market size and forecast, by Case Type
- 9.3.4 Europe Market size and forecast, by by Deployment Mode
- 9.3.5 Europe Market size and forecast, by Analytics Type
- 9.3.6 Europe Market size and forecast, by End-user
- 9.3.7 Europe Market size and forecast, by country
- 9.3.7.1 UK
- 9.3.7.1.1 Key market trends, growth factors and opportunities
- 9.3.7.1.2 Market size and forecast, by Offering
- 9.3.7.1.2.1 UK Services Legal Analytics Market by Service Type
- 9.3.7.1.3 Market size and forecast, by Case Type
- 9.3.7.1.4 Market size and forecast, by by Deployment Mode
- 9.3.7.1.5 Market size and forecast, by Analytics Type
- 9.3.7.1.6 Market size and forecast, by End-user
- 9.3.7.2 Germany
- 9.3.7.2.1 Key market trends, growth factors and opportunities
- 9.3.7.2.2 Market size and forecast, by Offering
- 9.3.7.2.2.1 Germany Services Legal Analytics Market by Service Type
- 9.3.7.2.3 Market size and forecast, by Case Type
- 9.3.7.2.4 Market size and forecast, by by Deployment Mode
- 9.3.7.2.5 Market size and forecast, by Analytics Type
- 9.3.7.2.6 Market size and forecast, by End-user
- 9.3.7.3 France
- 9.3.7.3.1 Key market trends, growth factors and opportunities
- 9.3.7.3.2 Market size and forecast, by Offering
- 9.3.7.3.2.1 France Services Legal Analytics Market by Service Type
- 9.3.7.3.3 Market size and forecast, by Case Type
- 9.3.7.3.4 Market size and forecast, by by Deployment Mode
- 9.3.7.3.5 Market size and forecast, by Analytics Type
- 9.3.7.3.6 Market size and forecast, by End-user
- 9.3.7.4 Italy
- 9.3.7.4.1 Key market trends, growth factors and opportunities
- 9.3.7.4.2 Market size and forecast, by Offering
- 9.3.7.4.2.1 Italy Services Legal Analytics Market by Service Type
- 9.3.7.4.3 Market size and forecast, by Case Type
- 9.3.7.4.4 Market size and forecast, by by Deployment Mode
- 9.3.7.4.5 Market size and forecast, by Analytics Type
- 9.3.7.4.6 Market size and forecast, by End-user
- 9.3.7.5 Spain
- 9.3.7.5.1 Key market trends, growth factors and opportunities
- 9.3.7.5.2 Market size and forecast, by Offering
- 9.3.7.5.2.1 Spain Services Legal Analytics Market by Service Type
- 9.3.7.5.3 Market size and forecast, by Case Type
- 9.3.7.5.4 Market size and forecast, by by Deployment Mode
- 9.3.7.5.5 Market size and forecast, by Analytics Type
- 9.3.7.5.6 Market size and forecast, by End-user
- 9.3.7.6 Netherlands
- 9.3.7.6.1 Key market trends, growth factors and opportunities
- 9.3.7.6.2 Market size and forecast, by Offering
- 9.3.7.6.2.1 Netherlands Services Legal Analytics Market by Service Type
- 9.3.7.6.3 Market size and forecast, by Case Type
- 9.3.7.6.4 Market size and forecast, by by Deployment Mode
- 9.3.7.6.5 Market size and forecast, by Analytics Type
- 9.3.7.6.6 Market size and forecast, by End-user
- 9.3.7.7 Rest of Europe
- 9.3.7.7.1 Key market trends, growth factors and opportunities
- 9.3.7.7.2 Market size and forecast, by Offering
- 9.3.7.7.2.1 Rest of Europe Services Legal Analytics Market by Service Type
- 9.3.7.7.3 Market size and forecast, by Case Type
- 9.3.7.7.4 Market size and forecast, by by Deployment Mode
- 9.3.7.7.5 Market size and forecast, by Analytics Type
- 9.3.7.7.6 Market size and forecast, by End-user
- 9.4 Asia-Pacific
- 9.4.1 Key trends and opportunities
- 9.4.2 Asia-Pacific Market size and forecast, by Offering
- 9.4.2.1 Asia-Pacific Services Legal Analytics Market by Service Type
- 9.4.3 Asia-Pacific Market size and forecast, by Case Type
- 9.4.4 Asia-Pacific Market size and forecast, by by Deployment Mode
- 9.4.5 Asia-Pacific Market size and forecast, by Analytics Type
- 9.4.6 Asia-Pacific Market size and forecast, by End-user
- 9.4.7 Asia-Pacific Market size and forecast, by country
- 9.4.7.1 China
- 9.4.7.1.1 Key market trends, growth factors and opportunities
- 9.4.7.1.2 Market size and forecast, by Offering
- 9.4.7.1.2.1 China Services Legal Analytics Market by Service Type
- 9.4.7.1.3 Market size and forecast, by Case Type
- 9.4.7.1.4 Market size and forecast, by by Deployment Mode
- 9.4.7.1.5 Market size and forecast, by Analytics Type
- 9.4.7.1.6 Market size and forecast, by End-user
- 9.4.7.2 India
- 9.4.7.2.1 Key market trends, growth factors and opportunities
- 9.4.7.2.2 Market size and forecast, by Offering
- 9.4.7.2.2.1 India Services Legal Analytics Market by Service Type
- 9.4.7.2.3 Market size and forecast, by Case Type
- 9.4.7.2.4 Market size and forecast, by by Deployment Mode
- 9.4.7.2.5 Market size and forecast, by Analytics Type
- 9.4.7.2.6 Market size and forecast, by End-user
- 9.4.7.3 Japan
- 9.4.7.3.1 Key market trends, growth factors and opportunities
- 9.4.7.3.2 Market size and forecast, by Offering
- 9.4.7.3.2.1 Japan Services Legal Analytics Market by Service Type
- 9.4.7.3.3 Market size and forecast, by Case Type
- 9.4.7.3.4 Market size and forecast, by by Deployment Mode
- 9.4.7.3.5 Market size and forecast, by Analytics Type
- 9.4.7.3.6 Market size and forecast, by End-user
- 9.4.7.4 Australia
- 9.4.7.4.1 Key market trends, growth factors and opportunities
- 9.4.7.4.2 Market size and forecast, by Offering
- 9.4.7.4.2.1 Australia Services Legal Analytics Market by Service Type
- 9.4.7.4.3 Market size and forecast, by Case Type
- 9.4.7.4.4 Market size and forecast, by by Deployment Mode
- 9.4.7.4.5 Market size and forecast, by Analytics Type
- 9.4.7.4.6 Market size and forecast, by End-user
- 9.4.7.5 South Korea
- 9.4.7.5.1 Key market trends, growth factors and opportunities
- 9.4.7.5.2 Market size and forecast, by Offering
- 9.4.7.5.2.1 South Korea Services Legal Analytics Market by Service Type
- 9.4.7.5.3 Market size and forecast, by Case Type
- 9.4.7.5.4 Market size and forecast, by by Deployment Mode
- 9.4.7.5.5 Market size and forecast, by Analytics Type
- 9.4.7.5.6 Market size and forecast, by End-user
- 9.4.7.6 Rest of Asia-Pacific
- 9.4.7.6.1 Key market trends, growth factors and opportunities
- 9.4.7.6.2 Market size and forecast, by Offering
- 9.4.7.6.2.1 Rest of Asia-Pacific Services Legal Analytics Market by Service Type
- 9.4.7.6.3 Market size and forecast, by Case Type
- 9.4.7.6.4 Market size and forecast, by by Deployment Mode
- 9.4.7.6.5 Market size and forecast, by Analytics Type
- 9.4.7.6.6 Market size and forecast, by End-user
- 9.5 LAMEA
- 9.5.1 Key trends and opportunities
- 9.5.2 LAMEA Market size and forecast, by Offering
- 9.5.2.1 LAMEA Services Legal Analytics Market by Service Type
- 9.5.3 LAMEA Market size and forecast, by Case Type
- 9.5.4 LAMEA Market size and forecast, by by Deployment Mode
- 9.5.5 LAMEA Market size and forecast, by Analytics Type
- 9.5.6 LAMEA Market size and forecast, by End-user
- 9.5.7 LAMEA Market size and forecast, by country
- 9.5.7.1 Latin America
- 9.5.7.1.1 Key market trends, growth factors and opportunities
- 9.5.7.1.2 Market size and forecast, by Offering
- 9.5.7.1.2.1 Latin America Services Legal Analytics Market by Service Type
- 9.5.7.1.3 Market size and forecast, by Case Type
- 9.5.7.1.4 Market size and forecast, by by Deployment Mode
- 9.5.7.1.5 Market size and forecast, by Analytics Type
- 9.5.7.1.6 Market size and forecast, by End-user
- 9.5.7.2 Middle East
- 9.5.7.2.1 Key market trends, growth factors and opportunities
- 9.5.7.2.2 Market size and forecast, by Offering
- 9.5.7.2.2.1 Middle East Services Legal Analytics Market by Service Type
- 9.5.7.2.3 Market size and forecast, by Case Type
- 9.5.7.2.4 Market size and forecast, by by Deployment Mode
- 9.5.7.2.5 Market size and forecast, by Analytics Type
- 9.5.7.2.6 Market size and forecast, by End-user
- 9.5.7.3 Africa
- 9.5.7.3.1 Key market trends, growth factors and opportunities
- 9.5.7.3.2 Market size and forecast, by Offering
- 9.5.7.3.2.1 Africa Services Legal Analytics Market by Service Type
- 9.5.7.3.3 Market size and forecast, by Case Type
- 9.5.7.3.4 Market size and forecast, by by Deployment Mode
- 9.5.7.3.5 Market size and forecast, by Analytics Type
- 9.5.7.3.6 Market size and forecast, by End-user
CHAPTER 10: COMPANY LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product Mapping of Top 10 Player
- 10.4. Competitive Dashboard
- 10.5. Competitive Heatmap
- 10.6. Key developments
CHAPTER 11: COMPANY PROFILES
- 11.1 IBM Corporation (U.S.)
- 11.1.1 Company overview
- 11.1.2 Company snapshot
- 11.1.3 Operating business segments
- 11.1.4 Product portfolio
- 11.1.5 Business performance
- 11.1.6 Key strategic moves and developments
- 11.2 Clarivate Analytics
- 11.2.1 Company overview
- 11.2.2 Company snapshot
- 11.2.3 Operating business segments
- 11.2.4 Product portfolio
- 11.2.5 Business performance
- 11.2.6 Key strategic moves and developments
- 11.3 LexisNexis
- 11.3.1 Company overview
- 11.3.2 Company snapshot
- 11.3.3 Operating business segments
- 11.3.4 Product portfolio
- 11.3.5 Business performance
- 11.3.6 Key strategic moves and developments
- 11.4 Microsoft Corporation
- 11.4.1 Company overview
- 11.4.2 Company snapshot
- 11.4.3 Operating business segments
- 11.4.4 Product portfolio
- 11.4.5 Business performance
- 11.4.6 Key strategic moves and developments
- 11.5 Thomson Reuters Corporation
- 11.5.1 Company overview
- 11.5.2 Company snapshot
- 11.5.3 Operating business segments
- 11.5.4 Product portfolio
- 11.5.5 Business performance
- 11.5.6 Key strategic moves and developments
- 11.6 Everlaw
- 11.6.1 Company overview
- 11.6.2 Company snapshot
- 11.6.3 Operating business segments
- 11.6.4 Product portfolio
- 11.6.5 Business performance
- 11.6.6 Key strategic moves and developments
- 11.7 Premonition
- 11.7.1 Company overview
- 11.7.2 Company snapshot
- 11.7.3 Operating business segments
- 11.7.4 Product portfolio
- 11.7.5 Business performance
- 11.7.6 Key strategic moves and developments
- 11.8 Wipro Limited
- 11.8.1 Company overview
- 11.8.2 Company snapshot
- 11.8.3 Operating business segments
- 11.8.4 Product portfolio
- 11.8.5 Business performance
- 11.8.6 Key strategic moves and developments
- 11.9 Wolters Kluwer
- 11.9.1 Company overview
- 11.9.2 Company snapshot
- 11.9.3 Operating business segments
- 11.9.4 Product portfolio
- 11.9.5 Business performance
- 11.9.6 Key strategic moves and developments
- 11.10 evisort
- 11.10.1 Company overview
- 11.10.2 Company snapshot
- 11.10.3 Operating business segments
- 11.10.4 Product portfolio
- 11.10.5 Business performance
- 11.10.6 Key strategic moves and developments
- 11.11 Onna Technologies Inc.
- 11.11.1 Company overview
- 11.11.2 Company snapshot
- 11.11.3 Operating business segments
- 11.11.4 Product portfolio
- 11.11.5 Business performance
- 11.11.6 Key strategic moves and developments
- 11.12 Proofpoint, Inc.
- 11.12.1 Company overview
- 11.12.2 Company snapshot
- 11.12.3 Operating business segments
- 11.12.4 Product portfolio
- 11.12.5 Business performance
- 11.12.6 Key strategic moves and developments
- 11.13 unitedlex corporation
- 11.13.1 Company overview
- 11.13.2 Company snapshot
- 11.13.3 Operating business segments
- 11.13.4 Product portfolio
- 11.13.5 Business performance
- 11.13.6 Key strategic moves and developments
- 11.14 abacus data inc.
- 11.14.1 Company overview
- 11.14.2 Company snapshot
- 11.14.3 Operating business segments
- 11.14.4 Product portfolio
- 11.14.5 Business performance
- 11.14.6 Key strategic moves and developments
- 11.15 Axiom
- 11.15.1 Company overview
- 11.15.2 Company snapshot
- 11.15.3 Operating business segments
- 11.15.4 Product portfolio
- 11.15.5 Business performance
- 11.15.6 Key strategic moves and developments
- 11.16 Mindcrest
- 11.16.1 Company overview
- 11.16.2 Company snapshot
- 11.16.3 Operating business segments
- 11.16.4 Product portfolio
- 11.16.5 Business performance
- 11.16.6 Key strategic moves and developments
- 11.17 smokeball
- 11.17.1 Company overview
- 11.17.2 Company snapshot
- 11.17.3 Operating business segments
- 11.17.4 Product portfolio
- 11.17.5 Business performance
- 11.17.6 Key strategic moves and developments