Global Legal Process Outsourcing Services Market 2024-2028
Technavio has been monitoring the legal process outsourcing services market and is forecast to grow by USD 89510.3 mn during 2023-2028, accelerating at a CAGR of 50.54% during the forecast period. Our report on the legal process outsourcing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of new outsourcing destinations, cost reduction and enhanced efficiency of legal processes outsourcing, and regulatory compliance.
Technavio's legal process outsourcing services market is segmented as below:
By Service
- Contract management
- E-discovery services
- Litigation support
- Legal research
- Others
By Location
- Offshore outsourcing
- On-shore outsourcing
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the commoditization leading to ascent in value chain as one of the prime reasons driving the legal process outsourcing services market growth during the next few years. Also, emergence of cloud computing and integration of predictive coding will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the legal process outsourcing services market covers the following areas:
- Legal process outsourcing services market sizing
- Legal process outsourcing services market forecast
- Legal process outsourcing services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading legal process outsourcing services market vendors that include Capita Plc, Clarivate PLC, Cobra Legal Solutions LLC, Conduent Inc., Dentons Group, DWF Group plc, Ernst and Young Global Ltd., Exigent Group Ltd., Grupo Konectanet SL, HCL Technologies Ltd., Infosys BPM Ltd., Integreon Managed Solutions Inc., Legal Advantage LLC, LegalBase, Lexplosion Solutions Pvt. Ltd., Morae Global Corp., QuisLex Inc., UnitedLex Corp., Wipro Ltd., and WNS Holdings Ltd.. Also, the legal process outsourcing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.