The Latin America, Middle East and Africa Legal Technology Market would witness market growth of 12.4% CAGR during the forecast period (2023-2030).
Today, using various technologies that might help with legal research is a relatively frequent practice in the legal sector. A lawyer can pay for services provided by for-profit organizations to search case law, contracts, and practice guidelines. Examples of these organizations include LexisNexis, Practical Law Company, and Reuters. Certain countries, including the ones listed below, offer free access to case law online. Access to a sizable amount of the case law is made available by the Case Law Access Project.
The design of contracts has been the focus of numerous attempts to make it more user-friendly. Contracts are typically conceived of as agreements prepared by lawyers for lawyers. It has been suggested that contracts' designs be improved to represent more information graphically, respond to business demands more directly, and strengthen the bonds between the parties to a contract. Academics have pushed for the use of "self-executing contracts," in which the terms of the agreement are automatically changed by a computer in accordance with a set of established standards. As the next stage, a machine-readable version of the contract must be created. Following that, further automated processes, such as the administration of the contract's lifetime, may make use of this assertion of the contract.
The Middle East's larger multinational businesses and corporations are better positioned to use legal technology. The technology to solve certain problems is frequently developed by their main offices in other regions, and it eventually makes its way to Middle Eastern operations. These developments in legal technology demonstrate the progressive adoption of digital transformation in legal procedures and practices. According to the World Bank report published in 2022, only 61% of people in Latin America and the Caribbean (LAC) and 66% of people in the Middle East and Northern Africa utilize the Internet. In the coming years, all these factors are expected to augment the development of the regional market.
The Brazil market dominated the LAMEA Legal Technology Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $783.4 million by 2030. The Argentina market is experiencing a CAGR of 13% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.1% during (2023 - 2030).
Based on Solution, the market is segmented into Software (On-premise and Cloud), and Services. Based on End User, the market is segmented into Law Firms, Corporate Legal Departments, and Others. Based on Type, the market is segmented into Contract Lifecycle Management, E-discovery, Compliance, Practice Management, Document Management, Legal Research, Analytics, Time-Tracking & Billing, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Legal Technology Market is Projected to reach USD 45.1 Billion by 2030, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Icertis, Inc., DocuSign, Inc., Knovos, LLC, RELX PLC (LexisNexis Risk Solutions, Inc.), Filevine, Inc., Casetext, Inc., ProfitSolv Corporation, Anaqua, Inc. (WiseTime), Paradigm and Everlaw, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Solution
By End User
- Law Firms
- Corporate Legal Departments
- Others
By Type
- Contract Lifecycle Management
- E-discovery
- Compliance
- Practice Management
- Document Management
- Legal Research
- Analytics
- Time-Tracking & Billing
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Icertis, Inc.
- DocuSign, Inc.
- Knovos, LLC
- RELX PLC (LexisNexis Risk Solutions, Inc.)
- Filevine, Inc.
- Casetext, Inc.
- ProfitSolv Corporation
- Anaqua, Inc. (WiseTime)
- Paradigm
- Everlaw, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Legal Technology Market, by Solution
1.4.2 LAMEA Legal Technology Market, by End User
1.4.3 LAMEA Legal Technology Market, by Type
1.4.4 LAMEA Legal Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Mar – 2023, May) Leading Players
Chapter 4. LAMEA Legal Technology Market by Solution
4.1 LAMEA Software Market by Country
4.2 LAMEA Legal Technology Market by Software Type
4.2.1 LAMEA On-premise Market by Country
4.2.2 LAMEA Cloud Market by Country
4.3 LAMEA Services Market by Country
Chapter 5. LAMEA Legal Technology Market by End-user
5.1 LAMEA Law Firms Market by Country
5.2 LAMEA Corporate Legal Departments Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Legal Technology Market by Type
6.1 LAMEA Contract Lifecycle Management Market by Country
6.2 LAMEA E-discovery Market by Country
6.3 LAMEA Compliance Market by Country
6.4 LAMEA Practice Management Market by Country
6.5 LAMEA Document Management Market by Country
6.6 LAMEA Legal Research Market by Country
6.7 LAMEA Analytics Market by Country
6.8 LAMEA Time-Tracking & Billing Market by Country
6.9 LAMEA Others Market by Country
Chapter 7. LAMEA Legal Technology Market by Country
7.1 Brazil Legal Technology Market
7.1.1 Brazil Legal Technology Market by Solution
7.1.1.1 Brazil Legal Technology Market by Software Type
7.1.2 Brazil Legal Technology Market by End-user
7.1.3 Brazil Legal Technology Market by Type
7.2 Argentina Legal Technology Market
7.2.1 Argentina Legal Technology Market by Solution
7.2.1.1 Argentina Legal Technology Market by Software Type
7.2.2 Argentina Legal Technology Market by End-user
7.2.3 Argentina Legal Technology Market by Type
7.3 UAE Legal Technology Market
7.3.1 UAE Legal Technology Market by Solution
7.3.1.1 UAE Legal Technology Market by Software Type
7.3.2 UAE Legal Technology Market by End-user
7.3.3 UAE Legal Technology Market by Type
7.4 Saudi Arabia Legal Technology Market
7.4.1 Saudi Arabia Legal Technology Market by Solution
7.4.1.1 Saudi Arabia Legal Technology Market by Software Type
7.4.2 Saudi Arabia Legal Technology Market by End-user
7.4.3 Saudi Arabia Legal Technology Market by Type
7.5 South Africa Legal Technology Market
7.5.1 South Africa Legal Technology Market by Solution
7.5.1.1 South Africa Legal Technology Market by Software Type
7.5.2 South Africa Legal Technology Market by End-user
7.5.3 South Africa Legal Technology Market by Type
7.6 Nigeria Legal Technology Market
7.6.1 Nigeria Legal Technology Market by Solution
7.6.1.1 Nigeria Legal Technology Market by Software Type
7.6.2 Nigeria Legal Technology Market by End-user
7.6.3 Nigeria Legal Technology Market by Type
7.7 Rest of LAMEA Legal Technology Market
7.7.1 Rest of LAMEA Legal Technology Market by Solution
7.7.1.1 Rest of LAMEA Legal Technology Market by Software Type
7.7.2 Rest of LAMEA Legal Technology Market by End-user
7.7.3 Rest of LAMEA Legal Technology Market by Type
Chapter 8. Company Profiles
8.1 Icertis, Inc.
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.1.2.2 Product Launches and Product Expansions:
8.2 Docusign, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Geographical Expansions:
8.3 Knovos, LLC
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Partnerships, Collaborations, and Agreements:
8.3.2.2 Product Launches and Product Expansions:
8.4 RELX PLC (LexisNexis Risk Solutions, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.4.2 Product Launches and Product Expansions:
8.4.4.3 Acquisition and Mergers:
8.5 Filevine, Inc.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.2.2 Acquisition and Mergers:
8.6 Casetext, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.7 ProfitSolv Corporation
8.7.1 Company Overview
8.8 Anaqua, Inc. (WiseTime)
8.8.1 Company Overview
8.9 Paradigm
8.9.1 Company Overview
8.10. Everlaw, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 LAMEA Legal Technology Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Legal Technology Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Legal Technology Market
TABLE 4 Product Launches And Product Expansions– Legal Technology Market
TABLE 5 Acquisition and Mergers– Legal Technology Market
TABLE 6 Geographical Expansions – Legal Technology Market
TABLE 7 LAMEA Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 8 LAMEA Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 9 LAMEA Software Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Software Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 12 LAMEA Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 13 LAMEA On-premise Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA On-premise Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Cloud Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Cloud Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Services Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 20 LAMEA Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 21 LAMEA Law Firms Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Law Firms Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Corporate Legal Departments Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Corporate Legal Departments Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 28 LAMEA Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 29 LAMEA Contract Lifecycle Management Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Contract Lifecycle Management Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA E-discovery Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA E-discovery Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Compliance Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Compliance Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Practice Management Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Practice Management Market by Country, 2023 - 2030, USD Million
TABLE 37 LAMEA Document Management Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Document Management Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Legal Research Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Legal Research Market by Country, 2023 - 2030, USD Million
TABLE 41 LAMEA Analytics Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Analytics Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Time-Tracking & Billing Market by Country, 2019 - 2022, USD Million
TABLE 44 LAMEA Time-Tracking & Billing Market by Country, 2023 - 2030, USD Million
TABLE 45 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 47 LAMEA Legal Technology Market by Country, 2019 - 2022, USD Million
TABLE 48 LAMEA Legal Technology Market by Country, 2023 - 2030, USD Million
TABLE 49 Brazil Legal Technology Market, 2019 - 2022, USD Million
TABLE 50 Brazil Legal Technology Market, 2023 - 2030, USD Million
TABLE 51 Brazil Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 52 Brazil Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 53 Brazil Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 54 Brazil Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 55 Brazil Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 56 Brazil Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 57 Brazil Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 58 Brazil Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 59 Argentina Legal Technology Market, 2019 - 2022, USD Million
TABLE 60 Argentina Legal Technology Market, 2023 - 2030, USD Million
TABLE 61 Argentina Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 62 Argentina Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 63 Argentina Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 64 Argentina Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 65 Argentina Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 66 Argentina Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 67 Argentina Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 68 Argentina Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 69 UAE Legal Technology Market, 2019 - 2022, USD Million
TABLE 70 UAE Legal Technology Market, 2023 - 2030, USD Million
TABLE 71 UAE Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 72 UAE Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 73 UAE Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 74 UAE Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 75 UAE Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 76 UAE Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 77 UAE Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 78 UAE Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 79 Saudi Arabia Legal Technology Market, 2019 - 2022, USD Million
TABLE 80 Saudi Arabia Legal Technology Market, 2023 - 2030, USD Million
TABLE 81 Saudi Arabia Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 82 Saudi Arabia Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 83 Saudi Arabia Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 84 Saudi Arabia Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 85 Saudi Arabia Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 86 Saudi Arabia Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 87 Saudi Arabia Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 88 Saudi Arabia Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 89 South Africa Legal Technology Market, 2019 - 2022, USD Million
TABLE 90 South Africa Legal Technology Market, 2023 - 2030, USD Million
TABLE 91 South Africa Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 92 South Africa Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 93 South Africa Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 94 South Africa Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 95 South Africa Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 96 South Africa Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 97 South Africa Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 98 South Africa Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 99 Nigeria Legal Technology Market, 2019 - 2022, USD Million
TABLE 100 Nigeria Legal Technology Market, 2023 - 2030, USD Million
TABLE 101 Nigeria Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 102 Nigeria Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 103 Nigeria Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 104 Nigeria Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 105 Nigeria Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 106 Nigeria Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 107 Nigeria Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 108 Nigeria Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 109 Rest of LAMEA Legal Technology Market, 2019 - 2022, USD Million
TABLE 110 Rest of LAMEA Legal Technology Market, 2023 - 2030, USD Million
TABLE 111 Rest of LAMEA Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 112 Rest of LAMEA Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 113 Rest of LAMEA Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 114 Rest of LAMEA Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 115 Rest of LAMEA Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 116 Rest of LAMEA Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 117 Rest of LAMEA Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 118 Rest of LAMEA Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 119 Key Information – Icertis, Inc.
TABLE 120 Key information – DOCUSIGN, INC.
TABLE 121 Key Information – Knovos, LLC
TABLE 122 Key Information – RELX PLC
TABLE 123 Key Information – Filevine, Inc.
TABLE 124 Key Information – Casetext, Inc.
TABLE 125 Key Information – ProfitSolv Corporation
TABLE 126 Key Information – Anaqua, Inc.
TABLE 127 Key Information – Paradigm
TABLE 128 Key Information – Everlaw, Inc.
LIST OF FIGURES
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2022, Mar – 2023, May) Leading Players
FIG 5 LAMEA Legal Technology Market share by Solution, 2022
FIG 6 LAMEA Legal Technology Market share by Solution, 2030
FIG 7 LAMEA Legal Technology Market by Solution, 2019 - 2030, USD Million
FIG 8 LAMEA Legal Technology Market share by End-user, 2022
FIG 9 LAMEA Legal Technology Market share by End-user, 2030
FIG 10 LAMEA Legal Technology Market by End-user, 2019 - 2030, USD Million
FIG 11 LAMEA Legal Technology Market share by Type, 2022
FIG 12 LAMEA Legal Technology Market share by Type, 2030
FIG 13 LAMEA Legal Technology Market by Type, 2019 - 2030, USD Million
FIG 14 LAMEA Legal Technology Market share by Country, 2022
FIG 15 LAMEA Legal Technology Market share by Country, 2030
FIG 16 LAMEA Legal Technology Market by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Icertis, Inc.
FIG 18 Recent strategies and developments: DocuSign, Inc.
FIG 19 Recent strategies and developments: RELX PLC
FIG 20 Recent strategies and developments: Filevine, Inc.
FIG 21 Recent strategies and developments: Casetext, Inc.