Germany Legal Technology Market Size & Outlook, 2023-2030
Germany legal technology market, 2018-2030 (US$M)
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Germany legal technology market highlights
- The Germany legal technology market generated a revenue of USD 1,185.4 million in 2023 and is expected to reach USD 2,201.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Legal technology market data book summary
| Market revenue in 2023 | USD 1,185.4 million |
| Market revenue in 2030 | USD 2,201.3 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | GDS Holdings Ltd ADR, RELX PLC ADR, Icertis, DocuSign Inc, Filevine, Thomson Reuters Corp, ProfitSolv, WiseTime, TimeSolv, Everlaw |
Other key industry trends
- In terms of revenue, Germany accounted for 4.8% of the global legal technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK legal technology market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 509.9 million by 2030.
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Legal Technology Market Scope
Legal Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany legal technology 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 technology market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 75.2% in 2023. Horizon Databook has segmented the Germany legal technology market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The notable growth can be credited to the increasing adoption of legal technology solutions to improve efficiency, streamline operations, and reduce costs.
The technologies such as artificial intelligence and machine learning are increasingly deployed to automate numerous routine tasks, including contract analysis and contract review, to provide essential insights and analytics.
The companies in Germany collaborate with established players to bring new legal tech solutions and drive innovation in the legal technology market.
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Target buyers of Germany legal technology market databook
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Our clientele includes a mix of legal technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the Germany legal technology market , including forecasts for subscribers. This country databook contains high-level insights into Germany legal technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany legal technology market size, by solution, 2018-2030 (US$M)
Germany Legal Technology Market Outlook Share, 2023 & 2030 (US$M)
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