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

Increasing Adoption of AI and Cloud Technologies in Legal Services:

Cloud adoption is an accelerating trend in legal services, driving growth in the global legal technology sector. The industry has been slower in adopting cloud-based technologies; however, the recent COVID-19 pandemic and subsequent shift to hybrid working have created a sudden need for law firms and legal departments to prioritize cloud access.