Legal Analytics Market - Forecast(2020 - 2025)
Overview Legal analytics market is expected to reach $4.1 billion by 2025 at a CAGR of 25.8% during the forecast period 2020-2025. Growth in the market is led by increasing adoption of smart technologies in the legal departments coupled with the rising demand for automated legal operations and analytical needs. This has also led to an increase in the adoption of more formal and structured legal software. Moreover, operational efficiency, resource management offered by legal analytics and advancements in legal technology is further anticipated to boost legal analytics market industry across the globe in the forecast period 2020-2025. Key Takeaways In 2019, North America dominated the legal analytics market share with more than 39% owing to early adoption of advanced technologies and high-quality of law services offered by third parties to their clients in countries like the U.S., Canada. Legal analytics in Law Firms is growing at a CAGR of 27.2% in the forecast period. The application ...