Cloud Segment to Dominate North America Legal Case Management Software Market during 2020–2028
According to The Insight Partners market research study on “North America Legal Case Management Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment and End-user” is expected to reach US$ 906.12 million by 2028 from US$ 408.47 million in 2021. The market is estimated to grow at a CAGR of 12.1 % from 2021 to 2028. The report provides trends prevailing in the North America legal case management software market along with the drivers and restraints pertaining to the market growth. Rising technology integration in legal case management solutions and increasing government initiatives to promote technology adoption across industries are the major factor driving the growth of the North America legal case management software market. However, issues regarding cybersecurity and data privacy hinder the growth of North America legal case management software market.
In case of COVID-19, North America is highly affected specially the US. North American countries are known for the highest acceptance for technologies, which boosts the pace of development of new technologies in these countries. Rapid technological developments can be attributed to favorable government policies to boost innovation and reinforce infrastructure capabilities. Thus, any impact on industries directly affects the region's economic development. The pandemic has had a negative impact on the legal procedures in the region. With no immediate solution in sight to the economic recession, law firms in the US are facing immense challenges. Although most of industries, including restaurants, entertainment, and travel, have been ravaged, law firms around the country are fighting to continue serving their clients while avoiding financial losses. To continue to run their companies and represent their clients in a hassle-free manner, law firms in North America are opting for tools enabled with cutting-edge technologies and techniques. Thus, the rise in technology adoption across the legal industry in the region is contributing to the legal case management software market growth.
The North America legal case management software market is segmented into deployment, end-user, and country. In terms of deployment type, the North America legal case management software market is bifurcated into cloud and on-premises. The cloud segment dominated the market in 2020 and is also expected to be fastest growing during forecast period. Based on end-user, the North America legal case management software market is categorized into small and medium enterprises and large enterprises. The small and medium enterprise segment dominated the market in 2020 and is also expected to be fastest growing during forecast period.
App4Legal; Legal Files Software, Inc.; Legal Suite; Legal Track; MyCase; Themis Solutions Inc. (Clio); and Thomson Reuters Corporation are among the leading companies in the North America legal case management software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Legal Files Software, Inc. had completed the implementation of its legal case & matter management software for the Cayuga County Attorney’s Office, in fulfillment of a contract entered into with the County late last year.
The report segments the North America Legal Case Management Software Market as follows:
North America Legal Case Management Software Market – By Deployment
- On-Premise
- Cloud
North America Legal Case Management Software Market – By End-user
- Small and Medium Enterprise
- Large Enterprise
North America Legal Case Management Software Market – By Country
- US
- Canada
- Mexico
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