AMA Research & Media LLP

Artificial Intelligence in Law Market May See a Big Move : LegalSifter, AIBrain, Knomos Knowledge Management, Counselytics

 

New Jersey, USA -- (SBWIRE) -- 08/09/2022 -- Advance Market Analytics published a new research publication on "Artificial Intelligence in Law Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Artificial Intelligence in Law market was mainly driven by the increasing R&D spending across the world.

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Some of the key players profiled in the study are: AIBrain (United States), Amazon Web Services (United States), IBM (United States), LawGeex (Israel), vLex (Spain), Premonition (United States), LegalSifter (United States), Doctrine (France), Knomos Knowledge Management Inc. (Canada), TrademarkVision (Australia), ROSS Intelligence (United States), Counselytics (United States) , BookLawyer (United States).

Scope of the Report of Artificial Intelligence in Law
Artificial Intelligence companies continue to find ways of developing technology that will manage laborious tasks in different industries for better speed and accuracy. In the legal profession, Artificial Intelligence has already found its way into supporting lawyers and clients alike. The growing interest in applying AI in law is slowly transforming the profession and closing in on the work of paralegals, legal researchers, and litigators. AI is currently being applied in the legal profession; AI is helping lawyers to streamline work processing. The market for AI in law is expected to grow rapidly during the upcoming years.

On 15 Oct 2019, LawGeex, the leading Contract Review Automation (CRA) provider, announced the release of LawGeex 5.0, the latest version of its award-winning AI platform, which automates the review and approval of routine contracts.

The titled segments and sub-section of the market are illuminated below:
by Type (Software, Services), Application (Due diligence, Prediction technology, Legal analytics, Document automation, Intellectual property, Electronic billing), End Users (Lawyers, Firms)

Market Drivers:
Rising Automation in the Law Sector Booming the Growth for the AI Market
Pressures on Legal Process Management Fueling the Demand for AI Technology
The Exponential Growth in Legal Services Market

Market Trends:
Rapid Adoption of Big Data Analytics

Opportunities:
AI Continually Changing the Legal Profession, Requiring Lawyers to Possess an Increasing Number Of Skills To Make Use Of Such Technology To Remain Competitive In The Market

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Artificial Intelligence in Law Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Artificial Intelligence in Law market
Chapter 2: Exclusive Summary – the basic information of the Artificial Intelligence in Law Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Artificial Intelligence in Law
Chapter 4: Presenting the Artificial Intelligence in Law Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Artificial Intelligence in Law market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Artificial Intelligence in Law Market is a valuable source of guidance for individuals and companies.

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