Legal AI Software - Global Strategic Business Report

Global Legal AI Software Market to Reach $8.7 Billion by 2030

The global market for Legal AI Software estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$8.7 Billion by 2030, growing at a CAGR of 27.3% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 26.7% CAGR and reach US$5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 28.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $377.6 Million, While China is Forecast to Grow at 26.3% CAGR

The Legal AI Software market in the U.S. is estimated at US$377.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 26.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.6% and 22.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.9% CAGR.

Select Competitors (Total 34 Featured) -

• Casetext
• Cognitiv+
• Everlaw
• Ey Riverview Law
• IBM
• Kira
• Klarity
• Lawgeex
• Legalsifter
• Lexisnexis
• Luminance
• Nalanda Technology
• Neota Logic
• Omni Software Systems
• Opentext
• Pensieve
• Ross Intelligence
• Thomson Reuters
• Veritone

What's New?

• 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