North America Legal Analytics Market was valued US$ XX Mn in 2018 and is estimated to reach US$ XX Mn by 2026 at a CAGR of about XX % during a forecast period.
North America Legal Analytics Market
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North America Legal Analytics Market are segmented by component, analytics type, case type, deployment model, end-user, and geography. Based on components, the market is bifurcated into solution, and services. By analytics type, the market comprises of prescriptive analytics, descriptive analytics, and predictive analytics. On the basis of case type, the market includes commercial case management, antitrust management, intellectual property management, and others. The deployment model, for the market includes on-premises, and on-demand. Law firms, corporates, and others are the end-users for the legal analytics market.
The legal environment is complex considering the inputs as well as sometimes inherently the subjective outputs, look like an area that is hard to quantify or for measuring activities and their results. There are corporate legal departments that operate across diverse geographies, divisions or business lines, along with utilizing the non-standardized processes for different matters. It therefore makes both the data collection and value-added analysis more challenging.
However, legal analytics is conveying fresh levels of transparency and entrance to insight of the forward-thinking legal departments. Most of the leading departments are capitalizing in a meaningful way to increasing critical competency. Capturing, interpreting, analysing, managing legal data necessitates supports to the unique capabilities of legal analytics.
The North America is one of the major markets for Legal Analytics globally where U.S. and Canada are the two major regions profiled under this report. The growth of complex business structures along with rising need to manage the company revenue along with analyzing the future opportunities for growth remain the major drivers for the market. These factors can be attribute to the rise in demand for legal analytics.
Some of the major key players in the North America Legal Analytics Market includes
, Wolters Kluwer , Mindcrest , Thomson Reuters , Unitedlex , Lexisnexis , Argopoint , Cpa Global , The Bureau of National Affairs (BNA) , Wipro and IBM
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Scope of the North America Legal Analytics Market: Inquire before buying
North America Legal Analytics Market, By Component
• Solution
• Services
North America Legal Analytics Market, By Analytics Type
• Prescriptive Analytics
• Descriptive Analytics
• Predictive Analytics
North America Legal Analytics Market, By Case Type
• Commercial Case Management
• Antitrust Management
• Intellectual Property Management
• Others
North America Legal Analytics Market, By Deployment Model
• On-Premises
• On-Demand
North America Legal Analytics Market, By End-User
• Law Firms
• Corporates
• Others
North America Legal Analytics Market, By Geography
• US
• Canada
Key players North America Legal Analytics Market
• Wolters Kluwer
• Mindcrest
• Thomson Reuters
• Unitedlex
• Lexisnexis
• Argopoint
• Cpa Global
• The Bureau of National Affairs
• Wipro
• IBM
• Georgia State University College of Law
• Consilio LLC
• Mindcrest
• Wolters Kluwer ELM Solutions
• RELX
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