Worldwide Enterprise Legal Management Software Forecast, 2024–2028
This IDC study discusses the drivers and dynamics that had an impact on the global enterprise legal management software market in 2023 and provides insight into future trends that may influence market demand over the 2024–2028 period."Budgets, historically, have been tight for legal departments. The workload versus budget battle may finally have a light at the end of its tunnel. ELM providers must be looking at how AI can enable their end users to deflect workload. There is a lot of low-hanging fruit to be pruned within legal departments," says Ryan O'Leary, research director, Privacy and Legal Technology at IDC.
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- Artificial Intelligence
- Legal Operations
- Inhibitor
- Software Stickiness
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
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