Legal Analytics Market, by Component (Solution, Services), Analytics Type (Descriptive Analytics, Prescriptive Analytics, Predictive Analytics), Case Type (Commercial Case Management, Intellectual Property Management, Antitrust Management), Deployment Model (On-Premises, On-Demand), End User (Corporates, Law Firms, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
Legal analytics is a management process in which actionable knowledge is extracted from data in order to assist decision makers and in-house legal leaders on various topics as varied as process improvement, comparative legal costs, resource management, matter forecasting, legal strategy, billing optimization, and financial operations. Legal Analytics reveals important data patterns about prior litigation.
Legal analytics helps lawyers in gaining critical benefit in the business and law practice. Laws firms with data driven insight are ready to pitch as well as land new clients and also win lawsuits.
The scope of this report covers the legal analytics market by its major segments, which include the types, applications, and the major geographic regions.
Regionally, the global market for legal analytics is segmented as Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these regions, North America is anticipated to be the market leader of the legal analytics over the forecast period owing to high-class legal services offered by the vendors to their clients in this region mainly in the US & Canada.
Furthermore, it has been observed that this region has been tremendously responsive towards the adoption of latest technologies. North America is observing speedy automation in legal services in several end-use industries, and is rapidly adopting legal analytics services and solutions which in turn is boosting the market growth of legal analytics.
This report analyzes the legal analytics market by the following segments:
Legal Analytics Market, by Component
Legal Analytics Market, by Analytics Type
1. Descriptive Analytics
2. Prescriptive Analytics
3. Predictive Analytics
4. Legal Analytics Market, by Case Type
5. Commercial Case Management
6. Intellectual Property Management
7. Antitrust Management
Legal Analytics Market, by Deployment Model
Legal Analytics Market, by End User
2. Law Firms
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