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Legal AI Software Market worth $10.82 billion by 2030- Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

27 Feb, 2025, 15:15 GMT

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DELRAY BEACH, Fla., Feb. 27, 2025 /PRNewswire/ -- The Legal AI Software Market is slated to expand from USD 3.11 billion in 2025 to USD 10.82 billion by the year 2030 at an impressive CAGR of 28.3% over the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on "Legal AI Software Market"

400 – Tables
64 - Figures
345 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88725278

Scope of the Report

Report Metrics

Details

Market size available for years

2020–2030

Base year considered

2024

Forecast period

2025–2030

Forecast units

USD (Billion)

Segments covered

Offering, Technology, Application, End User, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Microsoft (US), IBM (US), LexisNesix (US), Thomson Reuters (Canada), AWS (US), Everlaw (US), Litera (US), CS DISCO (US), Relativity (US), Wolters Kluwer (Netherlands), NetDocuments (US), DoNotPay (US), Luminance (UK), Icertis (US), Clio (Canada), Ironclad (US), ContractPodAi (UK), EvenUP (US), Robin AI (UK), Consilio (US), LinkSquares (US), Sirion (US), Knovos (US), Neota Logic Inc. (US), Juro (UK), Pocketlaw (Sweden), Spellbook (Canada), BlueJ (Canada), LegalSifter (US), Lawgeex (US), Ross Intelligence (US), vLex (US), Genie AI (UK), Harvey (US), Darrow (US), Leya (Sweden), eBrevia (US), Law GPT (US), LegalMation (US), Lawpro.AI (US), and LegalFly (Belgium).

The market for legal AI software is shifting towards more precise, specialized applications due to the increasing demands for efficiency, compliance with regulations, and cost-effectiveness. Generative AI is progressing from basic legal drafting to sophisticated contract negotiations, case strategy modeling, and real-time legal support. With the advent of AI-based contracts management tools, contract automation is becoming a significant growth area in terms of improving negotiations and risk assessments. Simultaneously, AI-driven eDiscovery solutions are advancing through predictive analytics and sentiment analysis, facilitating quicker and more accurate document reviews in high-stakes litigation. The automation of regulatory compliance is broadening, with AI taking on a crucial role in monitoring changing laws, automating due diligence, and ensuring compliance with global regulations. As AI becomes increasingly integrated into enterprise legal workflows, it is evolving from a mere support tool into a strategic catalyst for transformation in legal operations.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=88725278

By offering, legal AI platforms to hold the largest market share in 2025, driven by the need for scalable AI solutions that streamline multiple legal workflows

Legal AI platforms represent the largest offering segment in the market in 2025 due to their comprehensive, AI-driven automation across various legal functions, making them vital for law firms and corporate legal departments. In contrast to specialized tools that tackle isolated tasks, AI platforms consolidate eDiscovery, contract lifecycle management (CLM), compliance automation, legal research, and litigation analytics, creating a cohesive ecosystem that boosts efficiency and decision-making. As AI-based legal technology evolves instead of the traditional legal technologies, this has sped up legal AI platform adoption as firms seek to process both structured and unstructured legal data with ease. Scalability and interoperability are crucial factors, with law firms and enterprises requiring AI solutions that harmonize with existing case management systems, regulatory databases, and cloud infrastructure. As legal operations grow increasingly data-centric, AI platforms are evolving from optional tools to essential infrastructure, ensuring compliance, reducing costs, and enhancing case outcomes.

Rising adoption of generative AI legal software to automate high-value legal drafting and analysis tasks will push generative AI as the fastest growing technology over the forecast period

Over the forecast period, generative AI is expected to become a dominant force in legal AI, as it is set to revolutionize the way lawyers and judges write, critically review, and process documents, significantly decreasing manual labor and increasing efficiency on an unprecedented level. Unlike traditional AI, which mainly assists with search and classification, generative AI produces legal content - drafting contracts, summarizing case law, creating legal arguments, and even proposing negotiation strategies - achieving human-like accuracy. This technology disrupts areas such as contract lifecycle management (CLM), litigation support, and compliance automation, allowing AI to adapt to case-specific details, refine arguments, and maintain regulatory compliance in real-time. The swift progress of large language models (LLMs) and natural language processing (NLP) has improved the precision, reliability, and contextual awareness of AI-generated legal text, addressing one of the legal industry's major challenges: time-consuming documentation.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=88725278

Asia Pacific is set to become the fastest growing regional market, fueled by rising uptake of AI-powered legal automation to handle multi-jurisdictional regulations

Asia Pacific is slated to experience the fastest growth in the Legal AI Software Market during forecast period, driven by rapid digital transformation, rising regulatory complexities, and the increasing use of AI legal solutions in major economies such as China, India, Japan, and Australia. The area's expanding business landscape, propelled by globalization and cross-border transactions, has created a heightened demand for AI-powered contract management, compliance automation, and eDiscovery solutions to navigate varied and evolving legal frameworks. As enterprises and law firms embrace AI for cost savings and operational efficiency, Asia Pacific is emerging as a major hub for legal tech adoption, with growth further accelerated by increased venture funding and government support for AI-driven legal infrastructure. Additionally, governments and regulatory bodies are advocating for digitalization in legal services, leading to investments in AI-enhanced platforms that improve case management and legal research. Additionally, thriving tech industry and AI developments in China and India are driving the development of local legal AI solutions that can be tailored to specific regulations and languages.

Top Key Companies in Legal AI Software Market:

The major players in the Legal AI Software Market include LexisNexis (US), Thomson Reuters (Canada), Sirion (US), Wolters Kluwer (Netherlands), Relativity (US), CS DISCO (US), and Consilio (US), along with SMEs and startups such as Harvey (US), vLex (US), Lawgeex (US), Neota Logic (US), and eBrevia (US).

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

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Get access to the latest updates on Legal AI Software Companies and Legal AI Software Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth sfor progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transforsmation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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