Corporate Sector to witness High Demand for Legal Analytics Solutions through 2022
Burgeoning
demand for automated legal operations, rapid digitalization in the marketplace
and changing governance administration policies to drive global legal analytics
market through 2022
According
to a recently released TechSci Research report, “Global Legal Analytics Market By Component, By Deployment Mode, By Analytics Type, By
Case Type, By End User Sector, By Region, Competition Forecast & Opportunities,
2022”, the global legal analytics market is projected
to grow at a CAGR of over 31% during 2017 - 2022. Anticipated growth in the market
is expected to be led by rapid digitalization in the marketplace and
increasing penetration of smart technologies in legal operations. Moreover,
rising demand for automated, Do-It-Yourself (DYI), on-demand legal operations, coupled
with constantly changing governance administration policies is further expected
to drive the legal analytics market across the globe in the coming years.
Browse 120 market data Tables and 108 Figures spread through 218 Pages and an in-depth TOC
on "Global Legal Analytics Market"
https://www.techsciresearch.com/report/global-legal-analytics-market/1267.html
On the basis of different
component segments, services segment is expected to grow at the highest CAGR on
account of increasing demand for cost-saving, time-efficient and customized
legal services. By deployment mode, on-demand segment is anticipated to gain
rapid traction during the forecast period, owing to increasing demand for
personalized and customized legal services. Amongst analytics types, descriptive
analytics segment is expected to dominate the global legal analytics market
through 2022, while predictive analytics segment is anticipated to be the
fastest growing vertical during the forecast period. Law firms emerged as the
major end users of legal analytics market in 2016 and are expected to remain
dominant during the forecast period as well. A large demand for legal analytics
solutions emanates from North America, owing to the presence of a large tech-savvy
population, digitalized governance and huge economies of the constituent countries
- US and Canada. In 2016, Wolter Kluwer was the market leader in global
analytics market, followed by Thomson Reuter and LexisNexis.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1267
Customers can also request for 10% free
customization on this report.
“With the rising adoption of legal analytics across
various end user sectors, such as corporate and government sectors, legal analytics
market is expected to witness robust growth across the globe over the course of
next five years. Furthermore, increasing demand for automation, customized and
cost-effective legal operations, coupled with consumerization of IT is expected
to further steer the global legal analytics market until 2022.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global
Legal Analytics Market By Component, By Deployment Mode, By Analytics Type,
By Case Type, By End User Sector, By Region, Competition Forecast &
Opportunities, 2022” has
evaluated the future growth potential of the legal analytics market and has
also provided the statistics and information on market structure, size, share
and future growth of global legal analytics market. The report intends to
provide cutting-edge market intelligence and help decision makers to take sound
investment decisions. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities existing
in the global legal analytics market.
About TechSci Research
TechSci Research is a
leading global market research firm publishing premium market research reports.
Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals.
TechSci Research specializes in research based consulting assignments in high
growth and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]