India Legal Ai Market Size & Outlook, 2023-2030
The legal ai market in India is expected to reach a projected revenue of US$ 105.5 million by 2030. A compound annual growth rate of 23.9% is expected of India legal ai market from 2024 to 2030.
Revenue, 2023 (US$M)
$23.6
Forecast, 2030 (US$M)
$105.5
CAGR, 2024 - 2030
23.9%
Report Coverage
India
India legal ai market, 2018-2030 (US$M)
Related Markets
India legal ai market highlights
- The India legal ai market generated a revenue of USD 23.6 million in 2023 and is expected to reach USD 105.5 million by 2030.
- The India market is expected to grow at a CAGR of 23.9% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Legal ai market data book summary
| Market revenue in 2023 | USD 23.6 million |
| Market revenue in 2030 | USD 105.5 million |
| Growth rate | 23.9% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Thomson Reuters Corp, DocuSign Inc, International Business Machines Corp, RELX PLC ADR, Open Text Corp, Veritone Inc, Everlaw, CosmoLex, Filevine, Icertis, Knovos, LegalSifter, Luminance, Lawyaw, Practice Insight, TimeSolv |
Other key industry trends
- In terms of revenue, India accounted for 2.0% of the global legal ai market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China legal ai market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 105.5 million by 2030.
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Legal AI Market Scope
Legal ai market segmentation & scope
Others
Legal AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India legal ai market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to legal ai market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 76.27% in 2023. Horizon Databook has segmented the India legal ai market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- India Legal AI Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Cloud-based
- On-Premises
- Services
- Consulting Services
- Support Services
- Others
- Solution
- India Legal AI Application Outlook (Revenue, USD Million, 2018-2030)
- E-Discovery
- Legal Research
- Analytics
- Compliance and Regulatory Monitoring
- Document Drafting and Review
- Contract Management
- Legal Chatbots
- Others
- India Legal AI Technology Outlook (Revenue, USD Million, 2018-2030)
- Natural Language Processing
- Machine Learning and Deep Learning
- India Legal AI End Use Outlook (Revenue, USD Million, 2018-2030)
- Law Firms
- Corporate Legal Departments
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India legal ai market , including forecasts for subscribers. This country databook contains high-level insights into India legal ai market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India legal ai market size, by component, 2018-2030 (US$M)
India Legal AI Market Outlook Share, 2023 & 2030 (US$M)
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