Market Overview:
The global legal document management software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for cloud-based and on-premise legal document management software by law firms & attorneys, courts, and other end users. North America dominates the global legal document management software market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Legal document management software is a computer program used to store, track and manage legal documents. The importance of legal document management software is that it helps attorneys and other legal professionals keep track of important documents, makes finding specific documents easier, and can help reduce the amount of time needed to complete tasks such as creating briefs or preparing for trial.
Cloud-Based:
Cloud-based software is a type of software service, which involves the use of remote servers and network storage devices for data management. The cloud-based document management system provides services such as document capture, storage, retrieval and review. It also offers functions such as case management, contract generation and eDiscovery support to organizations that require it.
On-Premise:
On-premise software is a type of cloud computing that involves the installation of the software on computers present within the organization. The data is stored and retrieved from an on-premises server using client-side software. On-premise solutions are installed and used within organizations, which have dedicated IT staff with knowledge about operating systems, networks, servers, etc., to maintain and manage their data.
Application Insights:
The law firms and attorneys application segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to continue its dominance over the forecast period. This can be attributed to the high usage of legal document management software by law firms and attorneys across various practices, such as corporate, tax, labor & employment, real estate among others.
The court application segment is expected to witness a lucrative CAGR of XX% from 2018 to 2030 owing to an increase in demand from countries such as India China Argentina where judicial systems are undergoing major structural changes along with advancements in technology Legal document management software helps courts manage case files efficiently which eventually leads to improved workflow thus generating higher revenues for vendors operating within this market space globally.
Regional Analysis:
North America accounted for the largest market share in 2017. The growth of this region is attributed to the presence of a large number of law firms and attorneys, which has resulted in high demand for legal document management software. Furthermore, increasing government regulations and compliance with them are also driving the need for legal DMS software in this region. For instance, lawyers have to keep track of their time spent on different tasks such as research and writing so that they can bill accordingly. This factor is expected to drive regional growth over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions during 2018 - 2030 due to factors such as developing economy, growing population along with increasing awareness about these systems among lawyers and clients alike; hence resulting in increased demand from both ends thus leading it being one amongst fastest-growing regions globally during 2018 - 2030 periods respectively).
Growth Factors:
- Increasing demand for automation in the legal sector to manage growing volumes of data and documents
- Rising need to improve efficiency and reduce costs in the legal sector
- The increasing trend of outsourcing by law firms to third-party service providers for document management services
- Growing adoption of cloud-based solutions by law firms
- Proliferation of mobile devices and apps that can be used for accessing, managing, and sharing legal documents
Scope Of The Report
Report Attributes
Report Details
Report Title
Legal Document Management Software Market Research Report
By Type
Cloud-Based, On-Premise
By Application
Law Firms & Attorneys, Court, Other
By Companies
Logikcull, Clio, MyCase, Elite, DocStar, AbacusNext, CosmoLex, Leap, Quill, Orion, CVISION Technologies, MaxxVault, LexisNexis, Hoxro, Ademero, Timeslice, Prevail, ProLaw
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Legal Document Management Software Market Report Segments:
The global Legal Document Management Software market is segmented on the basis of:
Types
Cloud-Based, On-Premise
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
Law Firms & Attorneys, Court, Other
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:
- Logikcull
- Clio
- MyCase
- Elite
- DocStar
- AbacusNext
- CosmoLex
- Leap
- Quill
- Orion
- CVISION Technologies
- MaxxVault
- LexisNexis
- Hoxro
- Ademero
- Timeslice
- Prevail
- ProLaw
Highlights of The Legal Document Management 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:
- Cloud-Based
- On-Premise
- By Application:
- Law Firms & Attorneys
- Court
- Other
- 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 Legal Document Management 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?
Legal document management software is a computer application that helps attorneys, law firms, and other legal professionals manage their documents. The software can help attorneys track the status of their cases, keep track of court filings, and organize all of their legal documents.
Some of the major players in the legal document management software market are Logikcull, Clio, MyCase, Elite, DocStar, AbacusNext, CosmoLex, Leap, Quill, Orion, CVISION Technologies, MaxxVault, LexisNexis, Hoxro, Ademero, Timeslice, Prevail, ProLaw.
The legal document management software market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Legal Document Management Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Legal Document Management Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Legal Document Management Software Market - Supply Chain
4.5. Global Legal Document Management Software Market Forecast
4.5.1. Legal Document Management Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Legal Document Management Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Legal Document Management Software Market Absolute $ Opportunity
5. Global Legal Document Management Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Legal Document Management Software Market Size and Volume Forecast by Type
5.3.1. Cloud-Based
5.3.2. On-Premise
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Legal Document Management Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Legal Document Management Software Market Size and Volume Forecast by Application
6.3.1. Law Firms & Attorneys
6.3.2. Court
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Legal Document Management Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Legal Document Management Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Legal Document Management Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Legal Document Management Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Legal Document Management Software Demand Share Forecast, 2019-2026
9. North America Legal Document Management Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Legal Document Management Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Legal Document Management Software Market Size and Volume Forecast by Application
9.4.1. Law Firms & Attorneys
9.4.2. Court
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Legal Document Management Software Market Size and Volume Forecast by Type
9.7.1. Cloud-Based
9.7.2. On-Premise
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Legal Document Management Software Demand Share Forecast, 2019-2026
10. Latin America Legal Document Management Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Legal Document Management Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Legal Document Management Software Market Size and Volume Forecast by Application
10.4.1. Law Firms & Attorneys
10.4.2. Court
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Legal Document Management Software Market Size and Volume Forecast by Type
10.7.1. Cloud-Based
10.7.2. On-Premise
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Legal Document Management Software Demand Share Forecast, 2019-2026
11. Europe Legal Document Management Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Legal Document Management Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Legal Document Management Software Market Size and Volume Forecast by Application
11.4.1. Law Firms & Attorneys
11.4.2. Court
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Legal Document Management Software Market Size and Volume Forecast by Type
11.7.1. Cloud-Based
11.7.2. On-Premise
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Legal Document Management Software Demand Share, 2019-2026
12. Asia Pacific Legal Document Management Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Legal Document Management Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Legal Document Management Software Market Size and Volume Forecast by Application
12.4.1. Law Firms & Attorneys
12.4.2. Court
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Legal Document Management Software Market Size and Volume Forecast by Type
12.7.1. Cloud-Based
12.7.2. On-Premise
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Legal Document Management Software Demand Share, 2019-2026
13. Middle East & Africa Legal Document Management Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Legal Document Management Software Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Legal Document Management Software Market Size and Volume Forecast by Application
13.4.1. Law Firms & Attorneys
13.4.2. Court
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Legal Document Management Software Market Size and Volume Forecast by Type
13.7.1. Cloud-Based
13.7.2. On-Premise
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Legal Document Management Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Legal Document Management Software Market: Market Share Analysis
14.2. Legal Document Management Software Distributors and Customers
14.3. Legal Document Management Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Logikcull
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Clio
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MyCase
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Elite
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DocStar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AbacusNext
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CosmoLex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Leap
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Quill
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Orion
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CVISION Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MaxxVault
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LexisNexis
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hoxro
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ademero
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Timeslice
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Prevail
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ProLaw
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
