Market Overview:
The global document drafting solutions software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based document drafting solutions software and the growing need for automated document drafting solutions in enterprises. North America is expected to hold the largest share of the global market in 2018, while Asia Pacific is projected to grow at the highest CAGR during the forecast period.
Product Definition:
document drafting solutions software is a program that helps users create and edit documents. It can be used for a variety of purposes, such as writing papers for school, creating resumes, or drafting legal documents. The software can help users format text and insert images and other elements into their documents. It also allows users to save their work in different formats so that they can share it with others or print it out.
On-premise:
On-premise software is a type of cloud computing software that is installed and used on the end user's premises. The end-user generally has to pay for the license for each computer or device on which the software runs. On-premise solutions are more secure than Cloud solutions as data can be altered only by authorized users having physical access to that system.
Cloud-based:
Cloud-based software is a type of software that runs over the internet and uses web-based technology. It can be used in various industries such as education, healthcare, banking & finance, government & defense for storing data. The cloud based document drafting solutions are used by organizations to store their data on servers so that they can access it from any location or device.
Application Insights:
The enterprise application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the growing demand from large organizations for creating customized documents with their customizations. Enterprise applications are widely used by various industries such as banking, financial services, and insurance companies, telecom providers and many more. These applications require a large number of documents that need to be created frequently and need to be customized frequently. Thus, they opt for on-premise or cloud-based solutions depending upon their requirement.
The others application segment includes government agencies and non-profit organizations (NPO).
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of vendors in this region. Moreover, these vendors are continuously upgrading their products and services to meet the growing demand from end users. For instance, legal departments within enterprises use document generation tools for creating contracts and other legal documents on a regular basis.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing government spending on infrastructure development projects such as construction of roads.
Growth Factors:
- Increasing demand for automation in the document drafting process to improve efficiency and accuracy
- Rising number of small businesses and startups that need affordable, easy-to-use software to manage their documentation needs
- Proliferation of mobile devices and cloud computing, which make it easier for users to access document drafting software from anywhere at any time
- Growing popularity of collaborative work tools that allow multiple users to edit and review documents together in real time
- Advances in artificial intelligence and machine learning that make it possible for software programs to automatically draft documents based on user input
Scope Of The Report
Report Attributes
Report Details
Report Title
Document Drafting Solutions Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Individual, Enterprise, Others
By Companies
WealthCounsel, Smokeball, LexisNexis, MyCase, Thomson Reuters, Legal Templates, Bigle Legal, Caseflow, Sequiter, JurisDOC, Leaflet, Epoq Group, FormTool, LegalUp, Lawgic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Document Drafting Solutions Software Market Report Segments:
The global Document Drafting Solutions Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Enterprise, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WealthCounsel
- Smokeball
- LexisNexis
- MyCase
- Thomson Reuters
- Legal Templates
- Bigle Legal
- Caseflow
- Sequiter
- JurisDOC
- Leaflet
- Epoq Group
- FormTool
- LegalUp
- Lawgic
Highlights of The Document Drafting Solutions Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud-based
- By Application:
- Individual
- Enterprise
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Document Drafting Solutions Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Document drafting solutions software is a computer program that helps users create, edit, and format documents. It may also include features to help users track the progress of their work and to manage their files.
Some of the major companies in the document drafting solutions software market are WealthCounsel, Smokeball, LexisNexis, MyCase, Thomson Reuters, Legal Templates, Bigle Legal, Caseflow, Sequiter, JurisDOC, Leaflet, Epoq Group, FormTool, LegalUp, Lawgic.
The document drafting solutions software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Document Drafting Solutions Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Document Drafting Solutions Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Document Drafting Solutions Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Document Drafting Solutions Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Document Drafting Solutions Software Market Size & Forecast, 2018-2028
4.5.1 Document Drafting Solutions Software Market Size and Y-o-Y Growth
4.5.2 Document Drafting Solutions Software Market Absolute $ Opportunity
Chapter 5 Global Document Drafting Solutions Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Document Drafting Solutions Software Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Document Drafting Solutions Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Document Drafting Solutions Software Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Document Drafting Solutions Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Document Drafting Solutions Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Document Drafting Solutions Software Analysis and Forecast
9.1 Introduction
9.2 North America Document Drafting Solutions Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Document Drafting Solutions Software Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Document Drafting Solutions Software Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Document Drafting Solutions Software Analysis and Forecast
10.1 Introduction
10.2 Europe Document Drafting Solutions Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Document Drafting Solutions Software Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Document Drafting Solutions Software Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Document Drafting Solutions Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Document Drafting Solutions Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Document Drafting Solutions Software Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Document Drafting Solutions Software Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Document Drafting Solutions Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Document Drafting Solutions Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Document Drafting Solutions Software Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Document Drafting Solutions Software Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Document Drafting Solutions Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Document Drafting Solutions Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Document Drafting Solutions Software Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Document Drafting Solutions Software Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Document Drafting Solutions Software Market: Competitive Dashboard
14.2 Global Document Drafting Solutions Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WealthCounsel
14.3.2 Smokeball
14.3.3 LexisNexis
14.3.4 MyCase
14.3.5 Thomson Reuters
14.3.6 Legal Templates
14.3.7 Bigle Legal
14.3.8 Caseflow
14.3.9 Sequiter
14.3.10 JurisDOC
14.3.11 Leaflet
14.3.12 Epoq Group
14.3.13 FormTool
14.3.14 LegalUp
14.3.15 Lawgic
