Legal AI Market Share, Trends Analysis and Forecast 2034
Legal AI Market Growth, Size, Trends Analysis- By Component, By Technology, By Application, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: IACT25130 | Pages: 1 - 254 | Formats*: |
| Category : Information & Communications Technology | |||
Legal AI Market Introduction and Overview
According to SPER Market Research, the Global Legal AI Market is estimated to reach USD 7.32 billion by 2034 with a CAGR 17.58%.
The report includes an in-depth analysis of the Global Legal AI Market, including market size and trends, product mix, Applications, and supplier analysis. The global legal AI market was valued at USD 1.45 billion in 2024 and is expected to grow at a CAGR of 17.58% from 2025 to 2030. This growth is driven by rising demand for automation in legal processes such as eDiscovery, case prediction, regulatory compliance, and contract management. Law firms and legal departments struggle to handle vast amounts of data and documents efficiently. A strong regulatory framework further fuels the need for legal AI solutions, which help legal teams monitor and interpret regulations, ensuring compliance while reducing the burden on internal resources and minimizing legal risks.
By Component:
The solutions segment held the largest market share due to the growing adoption of legal AI software that streamlines routine tasks within legal departments. Innovative features like data analytics, machine learning, predictive modeling, and automation are boosting demand for these solutions. Meanwhile, the services segment is projected to grow rapidly, driven by the increasing need for software integration, consulting, regular updates, maintenance, and support to ensure effective implementation and optimal use of legal AI technologies.
By Technology:
The machine learning and deep learning segment held the largest market share in 2024 due to the growing use of these technologies to create advanced algorithms that analyze vast legal data, extract insights, and automate legal tasks. ML algorithms have been applied to numerous legal documents like case law and statutes. Their integration into legal research platforms enhances advanced search and context-based analysis, allowing lawyers to quickly access relevant information and significantly improve research efficiency, driving strong growth in this segment.
By End Use:
The law firms segment led the market in 2024 due to increased investment in AI technology, valued for its speed and accuracy in processing large legal data volumes. AI enhances efficiency, reduces costs, supports better decision-making, and improves client service. Meanwhile, the corporate legal department segment is expected to grow significantly, driven by rising demand for AI in contract review and management, data analysis from various sources, and insights into litigation trends, case strategies, and judicial behavior to support informed legal decisions.
By Application:
The legal research segment led the market due to AI-powered NLP tools that simplify complex legal language and analyze data to predict outcomes and improve strategies. AI also automates document review and offers personalized legal advice through chatbots. The legal chatbots segment is expected to grow fastest, driven by law firms adopting these tools and ongoing technological advancements. Chatbots enhance client accessibility by answering questions, collecting information, and providing tailored support around the clock.
Regional Insights:
In 2024, North America dominated the global legal AI market with over 46% revenue share, fueled by the rising demand for efficiency, cost reduction, growing legal data, and advancements in AI and natural language processing. Law firms and legal departments are under increasing pressure to handle large volumes of data, documents, and research. AI solutions help automate and streamline tasks like contract analysis, legal research, document review, and due diligence, enabling legal professionals to save time, minimize errors, and boost productivity.
Market Competitive Landscape:
The global Legal AI Market is moderately consolidated, with several prominent players shaping the industry. Key companies include: Casetext Inc., CosmoLex Cloud, LLC, Docusign, Inc., Everlaw, Inc., IBM Corporation, Icertis, Inc., LexisNexis, Luminance Technologies Ltd., Neota Logic Inc., Open Text Corporation, Thomson Reuters Corporation, and Veritone, Inc.
Recent Developments:
- In September 2024, Wolters Kluwer N.V. introduced new generative AI (GenAI) features for VitalLaw, its user-friendly legal research platform. VitalLaw AI combines cutting-edge technology with Wolters Kluwer’s deep expertise across 25 practice areas—including securities, privacy, tax, labor, and employment—to improve client results.
- In July 2024, LexisNexis launched Nexis+ AI commercially, introducing advanced generative AI features designed to streamline and accelerate corporate research, intelligence gathering, and business decision-making.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Component, By Technology, By Application, By End Use |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Casetext Inc., CosmoLex Cloud, LLC, Docusign, Inc., Everlaw, Inc., IBM Corporation, Icertis, Inc., LexisNexis, Luminance Technologies Ltd., Neota Logic Inc., Open Text Corporation, Thomson Reuters Corporation, and Veritone, Inc. |
Key Topics Covered in the Report
- Global Legal AI Market Size (FY’2021-FY’2034)
- Overview of Global Legal AI Market
- Segmentation of Global Legal AI Market By Component (Solution, Services)
- Segmentation of Global Legal AI Market By Technology (Natural Language Processing Technology, Machine Learning and Deep Learning Technology)
- Segmentation of Global Legal AI Market By Application (E-Discovery, Legal Research, Analytics, Compliance and Regulatory Monitoring, Document Drafting and Review, Contract Management, Legal Chatbots, Others)
- Segmentation of Global Legal AI Market By End Use (Law Firms, Corporate Legal Departments, Others)
- Statistical Snap of Global Legal AI Market
- Expansion Analysis of Global Legal AI Market
- Problems and Obstacles in Global Legal AI Market
- Competitive Landscape in the Global Legal AI Market
- Details on Current Investment in Global Legal AI Market
- Competitive Analysis of Global Legal AI Market
- Prominent Players in the Global Legal AI Market
- SWOT Analysis of Global Legal AI Market
- Global Legal AI Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Legal AI Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Legal AI Market
7. Global Legal AI Market, By Component, (USD Million) 2021-2034
- 7.1. Solution
- 7.1.1. Cloud-based
- 7.1.2. On-Premises
- 7.2. Services
- 7.2.1. Consulting Services
- 7.2.2. Support Services
- 7.2.3. Others
8. Global Legal AI Market, By Technology, (USD Million) 2021-2034
- 8.1. Natural Language Processing Technology
- 8.2. Machine Learning and Deep Learning Technology
9. Global Legal AI Market, By Application, (USD Million) 2021-2034
- 9.1. E-Discovery
- 9.2. Legal Research
- 9.3. Analytics
- 9.4. Compliance and Regulatory Monitoring
- 9.5. Document Drafting and Review
- 9.6. Contract Management
- 9.7. Legal Chatbots
- 9.8. Others
10. Global Legal AI Market, By End Use, (USD Million) 2021-2034
- 10.1. Law Firms
- 10.2. Corporate Legal Departments
- 10.3. Others
11. Global Legal AI Market, (USD Million) 2021-2034
- 11.1. Global Legal AI Market Size and Market Share
12. Global Legal AI Market, By Region, 2021-2034 (USD Million)
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
13. Company Profile
- 13.1. Casetext Inc.
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. CosmoLex Cloud, LLC
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Docusign, Inc.
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Everlaw, Inc.
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. IBM Corporation
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. Icertis, Inc.
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. LexisNexis
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Luminance Technologies Ltd.
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Neota Logic Inc.
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Open Text Corporation
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Thomson Reuters Corporation
- 13.11.1. Company details
- 13.11.2. Financial outlook
- 13.11.3. Product summary
- 13.11.4. Recent developments
- 13.12. Veritone, Inc.
- 13.12.1. Company details
- 13.12.2. Financial outlook
- 13.12.3. Product summary
- 13.12.4. Recent developments
- 13.13. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Legal AI Market CAGR of 17.58% during the forecast period.
Legal AI Market size is USD 7.32 billion from 2025 to 2034.
Legal AI Market is projected to reach USD 7.32 billion by 2034, growing at a CAGR of 17.58% during the forecast period.
Legal AI Market grew in Market size from 2025. The Market is expected to reach USD 7.32 billion by 2034, at a CAGR of 17.58% during the forecast period.
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Legal AI Market is covered By Component, By Technology, By Application, By End Use
North America is anticipated to have the highest Market share in the Legal AI Market.
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What is the conclusion of the Legal AI Market? The report includes an in-depth analysis of the Global Legal AI Market, including market size and trends, product mix, Applications, and supplier analysis
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