Global Legal Proofreading Market
The global Legal Proofreading market size was valued at $87.26 Million in 2020 growing at the CAGR of 14.37% from 2021 to 2028. This growth is attributed to several macros and microeconomic factors such as
Growing Legal services worldwide
Due to the increase of businesses outsourcing to law firms for a large business transactions, and legal work. This allowed companies to focus on their core product to increase their revenue and leave the legal work to law firms. The trend of outsourcing legal work to law firms is expected to increase the demand for legal services over the forecast period. According to WIPO, the total number of domain name dispute cases in 2019 was 3693 which increased to 4204 in the year 2020, which accounts for a 5.11% increase in new cases. This is expected to grow considerably from 2021 to 2028. Moreover, Asia accounted for more than two-thirds of all patent, trademark, and industrial design Enterprise Sizes in 2018 and according to the World Intellectual Property Indicators report, the global trademark filing activity rose to 14.3 million, and industrial designs reached 1.3 million. This has also increased the legal service demand, which is expected to drive the legal proofreading software market.
Further several factors restraining the market growth include
Software compatibility issues on different platforms
Proofreading software is developed for various types of different documents and different operating systems. For an organization or a company to use certain software that has been only developed for a single operating system can be impractical, as a large organization has multiple system installations having different operating systems. Further, the recent work-from-home norm due to COVID has also increased the system compatibility issues. Additionally, for certain software to translate well on windows, macOS or Linux should also work properly on a mobile operating system such as iOS or Android owing to the increasing BYOD corporate culture. So, the software compatibility issue is expected to limit the market growth over the forecast period.
Collaborations and Alliances in the Legal Proofreading market is expected to generate higher avenues during the forecast period.
In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Legal Proofreading market. The pandemic has caused a decline in new orders and a corresponding decrease in production.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Legal Proofreadings.
In terms of COVID 19 impact, the Legal Proofreading market report also includes the following data points:
Impact on Legal Proofreading market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Government Policies
Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in Legal Proofreading market
Key Insight in the report:
The global Legal Proofreading market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes the following data points:
Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Legal Proofreading Market Segmentation:
Deployment Type
Web-Based
Cloud
Enterprise Size
Large Enterprises
SMEs
Region/ Countries Covered:
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Rest of the World
South America
Middle East & Africa
Key Players Analyzed in the Report:
GRAMMARLY
ONELOOK
BRIEFCATCH
HEMINGWAY EDITOR
GOOGLE DOCS
INTELLIGENT EDITING LTD
LITERATURE & LATTE
LITERA CORP
Paper Rater
WORDY LIMITED
REPORT CONTENT:
High-level analysis of the current and future market trends and opportunities
Detailed analysis on current market drivers, restraining factors, and opportunities in the future
Legal Proofreading market estimates for 2020 and forecast from 2021 to 2028
Vendor market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
Target Audience
Manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting Firms or Individual Consultant
Anyone interested in understanding the industry dynamics of the Legal Proofreading market
- CHAPTER 1. ExecutiveSummary
- CHAPTER 2. Scope of the Study
- 2.1. Market Definition
- 2.2. Market Scope & Segmentation
- 2.2.1. Objective of Report
- CHAPTER 3. Evolve BI Methodology
- 3.1. Data Collection & Validation Approach
- 3.2. Market Size Estimation and Forecast
- CHAPTER 4. Market Insights and Trends
- 4.1. Value/Supply Chain Analysis
- 4.1.1. R&D
- 4.1.2. Platform/ Integration
- 4.1.3. End-User
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Bargaining Power of Buyers
- 4.2.2. Bargaining Power of Suppliers
- 4.2.3. Threat of New Entrant
- 4.2.4. Threat of Substitute
- 4.2.5. Industry Rivalry
- 4.3. COVID-19 Impact and Post COVID Scenario on Legal Proofreading Market
- 4.3.1. Impact of COVID-19
- 4.3.2. Government Aids and Policies for Industry Revival
- 4.3.3. Companies Recent Developments to Tackle Negative Impact
- 4.3.4. Opportunity Window & Post COVID Trend
- CHAPTER 5. Market Dynamics
- 5.1. Introduction
- 5.2. Drivers
- 5.2.1. Growing Legal services worldwide
- 5.2.2. Technology Advancement in proofreading software
- 5.3. Restraints
- 5.3.1. Software compatibility issue on different platforms
- 5.4. Opportunity
- 5.4.1. Integration of AI in legal proofreading software
- CHAPTER 6. Global Legal Proofreading, By Deployment Type
- 6.1. Introduction
- 6.2. Global Legal Proofreading Market, By Deployment Type
- CHAPTER 7. Global Legal Proofreading, By Enterprise Size
- 7.1. Introduction
- 7.2. Global Legal Proofreading Market, By Enterprise Size
- CHAPTER 8. Global Legal Proofreading Market, By country
- 8.1. Introduction
- 8.2. North America
- 8.2.1. North America: Market Size and Forecast, By Country
- 8.2.2. North America: Market Size and Forecast, By Deployment Type
- 8.2.3. North America: Market Size and Forecast, By Enterprise Size
- 8.2.4. US
- 8.2.4.1. US: Market Size and Forecast, By Deployment Type
- 8.2.4.2. US: Market Size and Forecast, By Enterprise Size
- 8.2.5. Canada
- 8.2.5.1. Canada: Market Size and Forecast, By Deployment Type
- 8.2.5.2. Canada: Market Size and Forecast, By Enterprise Size
- 8.2.6. Mexico
- 8.2.6.1. Mexico: Market Size and Forecast, By Deployment Type
- 8.2.6.2. Mexico: Market Size and Forecast, By Enterprise Size
- 8.3. Europe
- 8.3.1. Europe: Market Size and Forecast, By Country
- 8.3.2. Europe: Market Size and Forecast, By Deployment Type
- 8.3.3. Europe: Market Size and Forecast, By Enterprise Size
- 8.3.4. UK
- 8.3.4.1. UK: Market Size and Forecast, By Deployment Type
- 8.3.4.2. UK: Market Size and Forecast, By Enterprise Size
- 8.3.5. Germany
- 8.3.5.1. Germany: Market Size and Forecast, By Deployment Type
- 8.3.5.2. Germany: Market Size and Forecast, By Enterprise Size
- 8.3.6. France
- 8.3.6.1. France: Market Size and Forecast, By Deployment Type
- 8.3.6.2. France: Market Size and Forecast, By Enterprise Size
- 8.3.7. Italy
- 8.3.7.1. Italy: Market Size and Forecast, By Deployment Type
- 8.3.7.2. Italy: Market Size and Forecast, By Enterprise Size
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of Europe: Market Size and Forecast, By Deployment Type
- 8.3.8.2. Rest of Europe: Market Size and Forecast, By Enterprise Size
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific: Market Size and Forecast, By Country
- 8.4.2. Asia Pacific: Market Size and Forecast, By Deployment Type
- 8.4.3. Asia Pacific: Market Size and Forecast, By Enterprise Size
- 8.4.4. China
- 8.4.4.1. China: Market Size and Forecast, By Deployment Type
- 8.4.4.2. China: Market Size and Forecast, By Enterprise Size
- 8.4.5. Japan
- 8.4.5.1. Japan: Market Size and Forecast, By Deployment Type
- 8.4.5.2. Japan: Market Size and Forecast, By Enterprise Size
- 8.4.6. India
- 8.4.6.1. India: Market Size and Forecast, By Deployment Type
- 8.4.6.2. India: Market Size and Forecast, By Enterprise Size
- 8.4.7. South Korea
- 8.4.7.1. South Korea: Market Size and Forecast, By Deployment Type
- 8.4.7.2. South Korea: Market Size and Forecast, By Enterprise Size
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific: Market Size and Forecast, By Deployment Type
- 8.4.8.2. Rest of Asia Pacific: Market Size and Forecast, By Enterprise Size
- 8.5. Rest of the World
- 8.5.1. Rest of the World: Market Size and Forecast, By Region
- 8.5.2. Rest of the World: Market Size and Forecast, By Deployment Type
- 8.5.3. Rest of the World: Market Size and Forecast, By Enterprise Size
- 8.5.4. Middle East & Africa
- 8.5.4.1. Middle East & Africa: Market Size and Forecast, By Deployment Type
- 8.5.4.2. Middle East & Africa: Market Size and Forecast, By Enterprise Size
- 8.5.5. South America
- 8.5.5.1. South America: Market Size and Forecast, By Deployment Type
- 8.5.5.2. South America: Market Size and Forecast, By Enterprise Size
- CHAPTER 9. Company Landscape
- 9.1. Global Legal Proofreading Key Players Positioning
- CHAPTER 10. Company Profiles
- 10.1. GRAMMARLY
- 10.1.1. Business Overview
- 10.1.2. Product Portfolio
- 10.1.3. Recent Development and Strategies Adopted
- 10.1.4. SWOT Analysis
- 10.2. OneLook
- 10.2.1. Business Overview
- 10.2.2. Product Portfolio
- 10.2.3. Recent Development and Strategies Adopted
- 10.3. BriefCatch (Legal Writing Pro LLC)
- 10.3.1. Business Overview
- 10.3.2. Product Portfolio
- 10.3.3. Recent Development and Strategies Adopted
- 10.3.4. SWOT Analysis
- 10.4. Hemingway Editor
- 10.4.1. Business Overview
- 10.4.2. Product Portfolio
- 10.4.3. Recent Development and Strategies Adopted
- 10.5. GOOGLE DOCS (Google)
- 10.5.1. Business Overview
- 10.5.2. Financial Analysis
- 10.5.3. Product Portfolio
- 10.5.4. Recent Development and Strategies Adopted
- 10.5.5. SWOT Analysis
- 10.6. INTELLIGENT EDITING LTD. (PerfectIt)
- 10.6.1. Business Overview
- 10.6.2. Product Portfolio
- 10.6.3. Recent Development and Strategies Adopted
- 10.6.4. SWOT Analysis
- 10.7. Literature & Latte
- 10.7.1. Business Overview
- 10.7.2. Product Portfolio
- 10.7.3. Recent Development and Strategies Adopted
- 10.8. LITERA CORP
- 10.8.1. Business Overview
- 10.8.1.1. Product Portfolio
- 10.8.2. Recent Development and Strategies Adopted
- 10.8.3. SWOT Analysis
- 10.9. Wordy Limited
- 10.9.1. Business Overview
- 10.9.2. Product Portfolio
- 10.9.3. Recent Development and Strategies Adopted
- 10.10. Paper Rater
- 10.10.1. Business Overview
- 10.10.2. Product Portfolio
- 10.10.3. Recent Development and Strategies Adopted
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