Law Analytics Market

Law analytics, the buzz word and is now propelling. Legal analytics a data driven tool that influence the legal fraternity for various decision making and to build their legal strategies. The law analytics, in the recent time is generating new opening for the professional from the Legal fraternity and also many software industries eyeing this market. Professionally, the team that works on legal analytics are formulated with team of lawyers with in depth domain knowledge and software professional. The IT or the software professional play a role of a bridge between the lawyers and the law anylytics.

As per the market research companies, legal analytics market is anticipated to grow from an estimated USD 451.1 Million in 2017 to USD 1,858.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 32.7% during the forecast period.  The base year considered for the study is 2016.

Key Target Audience for Legal Analytics Market

• Legal Analytics Vendors 
• Managed Service Providers 
• LPO Service Providers
• Artificial Intelligence (AI) Solution Providers 
• Predictive Analytics Providers
• Third-party Vendors
• Technology Providers

Legal Data Analytics is now a market or a career that's an upstream flow. The legal research and analytics are part of  daily routine in law companies. The legal  data analytics in a law company provides a competitive advantage and leverages business economics. Legal data analytics is now a part of AI in law that enables the law company to efficiently use the underlying information for predictive analysis or legal proceedings.