Legal Technology Market By Component (Software, and Services), By Application (E-discovery, Legal Research, Practice Management, Document Management, Contract Lifecycle Management, Analytics and Others), By End Users (Law Firms, Corporate Legal Departments, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Legal Technology Market is valued at $26.91 billion by 2024 and is expected to grow at a CAGR of 9.5% to reach $61.44 billion by 2034. 

Legal technology is a type of technology that provides legal services and supports the legal sector. It usually refers to software rather than traditional hardware such as computers, printers and scanners, as these are not specific to the legal industry.

Most of these technologies are typically designed to help lawyers and firms practice law more effectively. Examples include practice management solutions, litigation technology, and other legal software systems. A legal software system is a suite of programs that help law firms manage their day-to-day business operations. It differs from on-premises hardware and helps legal professionals get more done, serve clients better, and get home on time.