Legal Process Outsourcing (LPO) Market 2019 Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits and Regional Analysis
Legal Process Outsourcing Market, By Component (Software, Services), By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises) – Forecast 2023
Pune, India – February 18, 2019 /MarketersMedia/ —
Market Highlights:
The study reveals that Legal process outsourcing is trending in North America region. The growing requirement of legal process outsourcing by the industries is due to the increasing demand of document drafting such as standard contracts, letters to the clients, agreements, patent applications and others.
The legal billing activities including preparation of invoices, collation of time sheets and others are gaining good momentum in the market. The litigation process has huge demand in the Legal Process Outsourcing Market as with this process the company can analyze and understand the customer’s requirements and processes.
The global Legal process outsourcing market is growing rapidly over ~26% of CAGR and is expected to reach at USD ~ 25 Billion by the end of forecast period.
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Major Key Players:
• Clutch Group (U. S)
• Cobra Legal Solutions,
• LLC (U.S)
• Infosys Limited (India)
• Capgemini SE (France)
• Capita (U.K)
• HCL Technologies Limited (India)
• Mindcrest (U.S)
• Wipro Limited (India)
• WNS Holdings (India)
• Integreon Managed Solutions, Inc. (U.S)
• QuisLex, Inc. (U.S)
• UnitedLex Corporation (U.S)
Regional Analysis:
The regional analysis of Legal process outsourcing market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in Legal process outsourcing market as it has huge demand due to outsourcing of electronic documents which contain a large amount of data and meta-data.
The Legal process outsourcing market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for Legal process outsourcing market and expected to be the highest CAGR in the coming years as the companies are taking interest in targeting the Legal process outsourcing in these market to meet the requirement of customers’ need.
Legal Process Outsourcing Market Segmentation:
The global Legal process outsourcing market are bifurcated on the basis of component, types, organization size, service location, end users, and region. The components are segmented into software, service (bookkeeping and billing, E-discovery, IP technical support outsourcing, legal research outsourcing, litigation support outsourcing, contract drafting, compliance assistance, patent support, data analysis and management, review and management) and others. The organization size are segmented into small and medium-sized enterprises, large enterprises. The end users are segmented BFSI, government, automotive, healthcare, and others. The region includes North America, Europe, Asia Pacific and rest of the world.
Intended Audience
• Legal process outsourcing companies
• Legal process outsourcing service providers
• System integrators
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued…
List of Tables
Table 1 Legal Process Outsourcing Market, By Component
Table 2 Legal Process Outsourcing Market, By Organization Size
Table 3 Legal Process Outsourcing Market, By Service Location
Continued…
List of Figures
Figure 1research Type
Figure 2legal Process Outsourcing Market, By Component (%)
Figure 3legal Process Outsourcing Market, By Organization Size (%)
Continued…
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