Market revenue in 2023 | USD 1,000.9 million |
Market revenue in 2030 | USD 1,362.8 million |
Growth rate | 4.5% (CAGR from 2023 to 2030) |
Largest segment | Corporate |
Fastest growing segment | Corporate |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate |
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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 services market will help companies and investors design strategic landscapes.
corporate was the largest segment with a revenue share of 31.45% in 2023. Horizon Databook has segmented the Global legal services market based on taxation, real estate, litigation, bankruptcy, labor/employment, corporate covering the revenue growth of each sub-segment from 2018 to 2030.
Technological innovations and advancements in the legal industry are expected to offer new growth opportunities in the sector, enabling in maintaining a transparent relationship with the clients. AI and big data are already realities, but there are also new data-based technologies with profound legal implications, for instance, cloud computing provides critical advantages where the law firms witness cloud as the scalable and efficient way to deploy advanced legal technology tools without the need for a substantial upfront capital investment in software, hardware, or support services.
The use of legal libraries applications such as LawSauce, NotaryCam, and iLegal Legislation have become common, helping people and lawyers to legal services in a hassle free manner. Legal firms are also providing in-house digital strategies, which is likely to impact the company people, activity, process, and culture.
Horizon Databook provides a detailed overview of global-level data and insights on the Global legal services market , including forecasts for subscribers. This global databook contains high-level insights into Global legal services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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