Latin America Legal Ai Market Size & Outlook, 2023-2030
Latin America legal ai market, 2018-2030 (US$M)
Related Markets
Latin America legal ai market highlights
- The Latin America legal ai market generated a revenue of USD 43.3 million in 2023.
- The market is expected to grow at a CAGR of 19.4% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 43.3 million |
| Market revenue in 2030 | USD 149.7 million |
| Growth rate | 19.4% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 3.6% of the global legal ai market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 933.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Legal AI Market Scope
Legal AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 76.21% in 2023. Horizon Databook has segmented the Latin America legal ai market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Legal AI Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Cloud-based
- On-Premises
- Services
- Consulting Services
- Support Services
- Others
- Solution
- Latin America 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
- Latin America Legal AI Technology Outlook (Revenue, USD Million, 2018-2030)
- Natural Language Processing
- Machine Learning and Deep Learning
- Latin America Legal AI End Use Outlook (Revenue, USD Million, 2018-2030)
- Law Firms
- Corporate Legal Departments
- Others
Reasons to subscribe to Latin America legal ai market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America legal ai market databook
-
Our clientele includes a mix of legal ai market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America legal ai market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America legal ai market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America legal ai market size, by country, 2018-2030 (US$M)
Latin America Legal AI Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
