Unlocking Growth Opportunities: Legal Analytics Market Trends and Forecast till 2030

DUBLIN, Aug. 14, 2023 /PRNewswire/ -- The "Legal Analytics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The "Global Market Perspective on Legal Analytics" report provides a comprehensive analysis of the legal analytics industry across various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World.

The report covers the recent past, current, and future trends in annual sales (in US$ Thousand) for different types of legal analytics, including Descriptive, Prescriptive, Predictive, Commercial Case Management, Intellectual Property Management, Antitrust Management, and Other Case Types, from 2022 through 2030. It also offers an 8-year perspective on the percentage breakdown of value sales for these analytics types and case types in 2023 and 2030.

The market presence and key competitors in the legal analytics sector for specific countries like the United States, Canada, Japan, China, and various European nations are analyzed for the year 2023. The report aims to provide valuable insights for businesses, investors, and stakeholders to make informed decisions and identify growth opportunities in the global legal analytics market.

Global Legal Analytics Market to Reach $25.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Legal Analytics estimated at US$3.1 Billion in the year 2022, is projected to reach a revised size of US$25.2 Billion by 2030, growing at a CAGR of 29.9% over the analysis period 2022-2030. Descriptive, one of the segments analyzed in the report, is projected to record 27.4% CAGR and reach US$9.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Prescriptive segment is readjusted to a revised 31.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $982.2 Million, While China is Forecast to Grow at 28.9% CAGR

The Legal Analytics market in the U.S. is estimated at US$982.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 28.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.6% and 25.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20.9% CAGR.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

A selection of companies mentioned in this report includes

• Analytics Consulting LLC
• Argopoint LLC.
• CPA Global Limited (Channel Islands)
• IBM Corporation
• LexisNexis Group Inc.
• Mindcrest, Inc.
• Premonition LLC
• The Bureau of National Affairs, Inc.
• Thomson Reuters
• Unitedlex
• Wipro Limited
• Wolters Kluwer

For more information about this report visit https://www.researchandmarkets.com/r/xxw2md

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SOURCE Research and Markets