North America Legal Technology Market Size & Outlook
North America legal technology market, 2018-2030 (US$M)
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North America legal technology market highlights
- The North America legal technology market generated a revenue of USD 11,973.0 million in 2023.
- The market is expected to grow at a CAGR of 8% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,973.0 million |
| Market revenue in 2030 | USD 20,469.1 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| 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 | 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, North America region accounted for 48.0% of the global legal technology 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 11,088.9 million by 2030.
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Legal Technology Market Scope
Legal Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 75.77% in 2023. Horizon Databook has segmented the North America legal technology market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing automation by using machine learning and artificial intelligence coupled with the increasing adoption of cloud-based solutions as they offer scalability, cost-effectiveness, and flexibility offers various growth opportunities for the market.
Furthermore, incorporating blockchain technology to offer transparency and more secure legal transactions is projected to fuel the growth of legal technology in North America.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America legal technology market , including forecasts for subscribers. This continent databook contains high-level insights into North America legal technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America legal technology market size, by country, 2018-2030 (US$M)
North America Legal Technology Market Outlook Share, 2023 & 2030 (US$M)
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