Press release

Legal Process Outsourcing Services Market Worth USD 16.01 Billion By 2024

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Sponsored by Businesswire

The legal process outsourcing services market is expected to grow by USD 16.01 billion, progressing at a CAGR of over 32% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled Global Legal Process Outsourcing Services Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Legal Process Outsourcing Services Market 2020-2024 (Graphic: Business Wire)

The proliferation of risk management practices is one of the major factors propelling market growth. However, factors such as data security issues with outsourcing will hamper market growth.

More details: https://www.technavio.com/report/legal-process-outsourcing-services-market-industry-analysis

Legal Process Outsourcing Services Market: Service Landscape

Contract management solutions include contract review and analysis, summarization, integration of papers and electronic documents, contractual risk analysis, and quality management processes. The solutions are an integral part of legal process outsourcing (LPO). The legal process outsourcing services market share growth by the contract management segment will be significant during the forecast period.

Legal Process Outsourcing Services Market: Geographic Landscape

North America was the largest legal process outsourcing services market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The availability of professionals who provide legal services at lower wages will significantly drive legal process outsourcing services market growth in this region over the forecast period. 37% of the market’s growth will originate from North America during the forecast period. The US is the key market for legal process outsourcing services in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.

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Companies Covered:

  • Capita Plc
  • Cobra Legal Solutions LLC
  • Exigent Group Ltd.
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • Integreon Inc.
  • LegalBase
  • Morae Global Corp.
  • QuisLex Inc.
  • UnitedLex Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Service

  • Market segments
  • Comparison by Service
  • Contract management – Market size and forecast 2019-2024
  • E-discovery services – Market size and forecast 2019-2024
  • Litigation support – Market size and forecast 2019-2024
  • Legal research – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Service

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Capita Plc
  • Cobra Legal Solutions LLC
  • Exigent Group Ltd.
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • Integreon Inc.
  • LegalBase
  • Morae Global Corp.
  • QuisLex Inc.
  • UnitedLex Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.