Global Legal Analytics Market Research Report 2023

The global Legal Analytics market was valued at US$ 646.4 million in 2022 and is anticipated to reach US$ 1701 million by 2029, witnessing a CAGR of 17.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Legal Analytics is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Legal Analytics is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Legal Analytics in Corporates is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Legal Analytics include Wolters Kluwer (Netherlands), Thomson Reuters (Canada), MindCrest (US), UnitedLex Corporation (US), Argopoint (US), LexisNexis (US), Premonition (US), Analytics Consulting (US) and The Bureau of National Affairs (BNA) (US), etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Legal Analytics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Legal Analytics.

The Legal Analytics market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Legal Analytics market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Legal Analytics companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Legal Analytics Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Descriptive Analytics

1.2.3 Prescriptive Analytics

1.2.4 Predictive Analytics

1.3 Market by Application

1.3.1 Global Legal Analytics Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Corporates

1.3.3 Law Firms

1.3.4 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Legal Analytics Market Perspective (2018-2029)

2.2 Legal Analytics Growth Trends by Region

2.2.1 Global Legal Analytics Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Legal Analytics Historic Market Size by Region (2018-2023)

2.2.3 Legal Analytics Forecasted Market Size by Region (2024-2029)

2.3 Legal Analytics Market Dynamics

2.3.1 Legal Analytics Industry Trends

2.3.2 Legal Analytics Market Drivers

2.3.3 Legal Analytics Market Challenges

2.3.4 Legal Analytics Market Restraints

3.1 Global Top Legal Analytics Players by Revenue

3.1.1 Global Top Legal Analytics Players by Revenue (2018-2023)

3.1.2 Global Legal Analytics Revenue Market Share by Players (2018-2023)

3.2 Global Legal Analytics Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Legal Analytics Revenue

3.4 Global Legal Analytics Market Concentration Ratio

3.4.1 Global Legal Analytics Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Legal Analytics Revenue in 2022

3.5 Legal Analytics Key Players Head office and Area Served

3.6 Key Players Legal Analytics Product Solution and Service

3.7 Date of Enter into Legal Analytics Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Legal Analytics Historic Market Size by Type (2018-2023)

4.2 Global Legal Analytics Forecasted Market Size by Type (2024-2029)

5.1 Global Legal Analytics Historic Market Size by Application (2018-2023)

5.2 Global Legal Analytics Forecasted Market Size by Application (2024-2029)

6.1 North America Legal Analytics Market Size (2018-2029)

6.2 North America Legal Analytics Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Legal Analytics Market Size by Country (2018-2023)

6.4 North America Legal Analytics Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Legal Analytics Market Size (2018-2029)

7.2 Europe Legal Analytics Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Legal Analytics Market Size by Country (2018-2023)

7.4 Europe Legal Analytics Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Legal Analytics Market Size (2018-2029)

8.2 Asia-Pacific Legal Analytics Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Legal Analytics Market Size by Region (2018-2023)

8.4 Asia-Pacific Legal Analytics Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Legal Analytics Market Size (2018-2029)

9.2 Latin America Legal Analytics Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Legal Analytics Market Size by Country (2018-2023)

9.4 Latin America Legal Analytics Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Legal Analytics Market Size (2018-2029)

10.2 Middle East & Africa Legal Analytics Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Legal Analytics Market Size by Country (2018-2023)

10.4 Middle East & Africa Legal Analytics Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Wolters Kluwer (Netherlands)

11.1.1 Wolters Kluwer (Netherlands) Company Detail

11.1.2 Wolters Kluwer (Netherlands) Business Overview

11.1.3 Wolters Kluwer (Netherlands) Legal Analytics Introduction

11.1.4 Wolters Kluwer (Netherlands) Revenue in Legal Analytics Business (2018-2023)

11.1.5 Wolters Kluwer (Netherlands) Recent Development

11.2 Thomson Reuters (Canada)

11.2.1 Thomson Reuters (Canada) Company Detail

11.2.2 Thomson Reuters (Canada) Business Overview

11.2.3 Thomson Reuters (Canada) Legal Analytics Introduction

11.2.4 Thomson Reuters (Canada) Revenue in Legal Analytics Business (2018-2023)

11.2.5 Thomson Reuters (Canada) Recent Development

11.3 MindCrest (US)

11.3.1 MindCrest (US) Company Detail

11.3.2 MindCrest (US) Business Overview

11.3.3 MindCrest (US) Legal Analytics Introduction

11.3.4 MindCrest (US) Revenue in Legal Analytics Business (2018-2023)

11.3.5 MindCrest (US) Recent Development

11.4 UnitedLex Corporation (US)

11.4.1 UnitedLex Corporation (US) Company Detail

11.4.2 UnitedLex Corporation (US) Business Overview

11.4.3 UnitedLex Corporation (US) Legal Analytics Introduction

11.4.4 UnitedLex Corporation (US) Revenue in Legal Analytics Business (2018-2023)

11.4.5 UnitedLex Corporation (US) Recent Development

11.5 Argopoint (US)

11.5.1 Argopoint (US) Company Detail

11.5.2 Argopoint (US) Business Overview

11.5.3 Argopoint (US) Legal Analytics Introduction

11.5.4 Argopoint (US) Revenue in Legal Analytics Business (2018-2023)

11.5.5 Argopoint (US) Recent Development

11.6 LexisNexis (US)

11.6.1 LexisNexis (US) Company Detail

11.6.2 LexisNexis (US) Business Overview

11.6.3 LexisNexis (US) Legal Analytics Introduction

11.6.4 LexisNexis (US) Revenue in Legal Analytics Business (2018-2023)

11.6.5 LexisNexis (US) Recent Development

11.7 Premonition (US)

11.7.1 Premonition (US) Company Detail

11.7.2 Premonition (US) Business Overview

11.7.3 Premonition (US) Legal Analytics Introduction

11.7.4 Premonition (US) Revenue in Legal Analytics Business (2018-2023)

11.7.5 Premonition (US) Recent Development

11.8 Analytics Consulting (US)

11.8.1 Analytics Consulting (US) Company Detail

11.8.2 Analytics Consulting (US) Business Overview

11.8.3 Analytics Consulting (US) Legal Analytics Introduction

11.8.4 Analytics Consulting (US) Revenue in Legal Analytics Business (2018-2023)

11.8.5 Analytics Consulting (US) Recent Development

11.9 The Bureau of National Affairs (BNA) (US)

11.9.1 The Bureau of National Affairs (BNA) (US) Company Detail

11.9.2 The Bureau of National Affairs (BNA) (US) Business Overview

11.9.3 The Bureau of National Affairs (BNA) (US) Legal Analytics Introduction

11.9.4 The Bureau of National Affairs (BNA) (US) Revenue in Legal Analytics Business (2018-2023)

11.9.5 The Bureau of National Affairs (BNA) (US) Recent Development

11.10 IBM Corporation (US)

11.10.1 IBM Corporation (US) Company Detail

11.10.2 IBM Corporation (US) Business Overview

11.10.3 IBM Corporation (US) Legal Analytics Introduction

11.10.4 IBM Corporation (US) Revenue in Legal Analytics Business (2018-2023)

11.10.5 IBM Corporation (US) Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Legal Analytics Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Descriptive Analytics

    Table 3. Key Players of Prescriptive Analytics

    Table 4. Key Players of Predictive Analytics

    Table 5. Global Legal Analytics Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Legal Analytics Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Legal Analytics Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Legal Analytics Market Share by Region (2018-2023)

    Table 9. Global Legal Analytics Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Legal Analytics Market Share by Region (2024-2029)

    Table 11. Legal Analytics Market Trends

    Table 12. Legal Analytics Market Drivers

    Table 13. Legal Analytics Market Challenges

    Table 14. Legal Analytics Market Restraints

    Table 15. Global Legal Analytics Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Legal Analytics Market Share by Players (2018-2023)

    Table 17. Global Top Legal Analytics Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Legal Analytics as of 2022)

    Table 18. Ranking of Global Top Legal Analytics Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Legal Analytics Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Legal Analytics Product Solution and Service

    Table 22. Date of Enter into Legal Analytics Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Legal Analytics Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Legal Analytics Revenue Market Share by Type (2018-2023)

    Table 26. Global Legal Analytics Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Legal Analytics Revenue Market Share by Type (2024-2029)

    Table 28. Global Legal Analytics Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Legal Analytics Revenue Market Share by Application (2018-2023)

    Table 30. Global Legal Analytics Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Legal Analytics Revenue Market Share by Application (2024-2029)

    Table 32. North America Legal Analytics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Legal Analytics Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Legal Analytics Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Legal Analytics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Legal Analytics Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Legal Analytics Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Legal Analytics Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Legal Analytics Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Legal Analytics Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Legal Analytics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Legal Analytics Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Legal Analytics Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Legal Analytics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Legal Analytics Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Legal Analytics Market Size by Country (2024-2029) & (US$ Million)

    Table 47. Wolters Kluwer (Netherlands) Company Detail

    Table 48. Wolters Kluwer (Netherlands) Business Overview

    Table 49. Wolters Kluwer (Netherlands) Legal Analytics Product

    Table 50. Wolters Kluwer (Netherlands) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 51. Wolters Kluwer (Netherlands) Recent Development

    Table 52. Thomson Reuters (Canada) Company Detail

    Table 53. Thomson Reuters (Canada) Business Overview

    Table 54. Thomson Reuters (Canada) Legal Analytics Product

    Table 55. Thomson Reuters (Canada) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 56. Thomson Reuters (Canada) Recent Development

    Table 57. MindCrest (US) Company Detail

    Table 58. MindCrest (US) Business Overview

    Table 59. MindCrest (US) Legal Analytics Product

    Table 60. MindCrest (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 61. MindCrest (US) Recent Development

    Table 62. UnitedLex Corporation (US) Company Detail

    Table 63. UnitedLex Corporation (US) Business Overview

    Table 64. UnitedLex Corporation (US) Legal Analytics Product

    Table 65. UnitedLex Corporation (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 66. UnitedLex Corporation (US) Recent Development

    Table 67. Argopoint (US) Company Detail

    Table 68. Argopoint (US) Business Overview

    Table 69. Argopoint (US) Legal Analytics Product

    Table 70. Argopoint (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 71. Argopoint (US) Recent Development

    Table 72. LexisNexis (US) Company Detail

    Table 73. LexisNexis (US) Business Overview

    Table 74. LexisNexis (US) Legal Analytics Product

    Table 75. LexisNexis (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 76. LexisNexis (US) Recent Development

    Table 77. Premonition (US) Company Detail

    Table 78. Premonition (US) Business Overview

    Table 79. Premonition (US) Legal Analytics Product

    Table 80. Premonition (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 81. Premonition (US) Recent Development

    Table 82. Analytics Consulting (US) Company Detail

    Table 83. Analytics Consulting (US) Business Overview

    Table 84. Analytics Consulting (US) Legal Analytics Product

    Table 85. Analytics Consulting (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 86. Analytics Consulting (US) Recent Development

    Table 87. The Bureau of National Affairs (BNA) (US) Company Detail

    Table 88. The Bureau of National Affairs (BNA) (US) Business Overview

    Table 89. The Bureau of National Affairs (BNA) (US) Legal Analytics Product

    Table 90. The Bureau of National Affairs (BNA) (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 91. The Bureau of National Affairs (BNA) (US) Recent Development

    Table 92. IBM Corporation (US) Company Detail

    Table 93. IBM Corporation (US) Business Overview

    Table 94. IBM Corporation (US) Legal Analytics Product

    Table 95. IBM Corporation (US) Revenue in Legal Analytics Business (2018-2023) & (US$ Million)

    Table 96. IBM Corporation (US) Recent Development

    Table 97. Research Programs/Design for This Report

    Table 98. Key Data Information from Secondary Sources

    Table 99. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Legal Analytics Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Legal Analytics Market Share by Type: 2022 VS 2029

    Figure 3. Descriptive Analytics Features

    Figure 4. Prescriptive Analytics Features

    Figure 5. Predictive Analytics Features

    Figure 6. Global Legal Analytics Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Legal Analytics Market Share by Application: 2022 VS 2029

    Figure 8. Corporates Case Studies

    Figure 9. Law Firms Case Studies

    Figure 10. Others Case Studies

    Figure 11. Legal Analytics Report Years Considered

    Figure 12. Global Legal Analytics Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 13. Global Legal Analytics Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 14. Global Legal Analytics Market Share by Region: 2022 VS 2029

    Figure 15. Global Legal Analytics Market Share by Players in 2022

    Figure 16. Global Top Legal Analytics Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Legal Analytics as of 2022)

    Figure 17. The Top 10 and 5 Players Market Share by Legal Analytics Revenue in 2022

    Figure 18. North America Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. North America Legal Analytics Market Share by Country (2018-2029)

    Figure 20. United States Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Canada Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Europe Legal Analytics Market Share by Country (2018-2029)

    Figure 24. Germany Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. France Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. U.K. Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Italy Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Russia Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Nordic Countries Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Asia-Pacific Legal Analytics Market Share by Region (2018-2029)

    Figure 32. China Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Japan Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. South Korea Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Southeast Asia Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. India Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Australia Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Latin America Legal Analytics Market Share by Country (2018-2029)

    Figure 40. Mexico Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Brazil Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Middle East & Africa Legal Analytics Market Share by Country (2018-2029)

    Figure 44. Turkey Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Saudi Arabia Legal Analytics Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Wolters Kluwer (Netherlands) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 47. Thomson Reuters (Canada) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 48. MindCrest (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 49. UnitedLex Corporation (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 50. Argopoint (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 51. LexisNexis (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 52. Premonition (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 53. Analytics Consulting (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 54. The Bureau of National Affairs (BNA) (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 55. IBM Corporation (US) Revenue Growth Rate in Legal Analytics Business (2018-2023)

    Figure 56. Bottom-up and Top-down Approaches for This Report

    Figure 57. Data Triangulation

    Figure 58. Key Executives Interviewed