North America Legal Case Management Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (On-Premise and Cloud) and End-user (Small and Medium Enterprise and Large Enterprise)
Market Introduction
Government regulations to promote the adoption of legal technology across the major countries such as the US, Canada, and Mexico is also fueling the growth of the of the market. For instance, The California State Bar council in the early 2020, adopted various technology to enhance the legal services offered by them and promoted the adoption across all state certified, registered and approved legal organizations. This would result in a significant shift toward legal services policy in the US, prompting other jurisdictions to consider and enact similar measures in the coming years. Such reforms are expected to affect the adoption of legal case management software solutions across the country, along with smaller but equally interesting reforms in legal regulation in Utah and Arizona. The legal jurisdiction across the region have experienced high adoption of digital solutions such as digital reporting over the years. For instance, the US have recorded high adoption of digital reporting solutions, which enables official recording to court proceeding for efficient case management. This solution helps in catering the shortage of reports across federal and state courts. The solution also reduces the operational cost by minimizing the number of personnel required for proceedings. Thus, owing to the above-mentioned factors, the legal industry has experienced high adoption of technology over the years, thereby, propelling the growth of the legal case management software market across North America.
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.
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Market Overview and Dynamics
The North America legal case management software market is expected to grow from US$ 408.47 million in 2021 to US$ 906.12 million by 2028; it is estimated to grow at a CAGR of 12.1 % from 2021 to 2028. Commercialization of 5G technology is expected to surge the North America legal case management software market. 5G is a fifth-generation cellular technology, which operates at a higher frequency than its predecessors to provide the fastest download speed with the help of radio waves. Owing to the speed of 5G, it is considered a viable alternative to cable and satellite internet. 5G is expected to have a positive impact on the legal industry and will play a significant role in the decision-making process of the law firms. For instance, during the discovery stage of a lawsuit, part of a lawyer's job is to access troves of data from clients, and the amount of data lawyers can review at client’s location is always restricted by how efficient their technology is. In the law firms, some of the work is done in the field, where the issue of performing discovery and due diligence occurs on the move. The 5G-enabled devices with fast download speed would allow lawyers to be more mobile, allowing them to conduct investigative tasks at a client's place. Similarly, the advent or the commercialization of the 5G technology is expected to influence the growth of in-house legal counsel. For instance, according to Pennsylvania bankruptcy attorney, since in-house counsel would be able to analyze their own data more efficiently, 5G can reduce the rate at which data projects are outsourced to law firms. Thus, the above-mentioned factors are expected to contribute to the growth of the North America legal case management software market during the forecast period.
Key Market Segments
In terms of deployment, the cloud segment accounted for the largest share of the North America legal case management software market in 2020. In terms of end-user, the small and medium enterprise segment held a larger market share of the North America legal case management software market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America legal case management software market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are App4Legal; Legal Files Software, Inc.; Legal Suite; Legal Track; MyCase; Themis Solutions Inc. (Clio); and Thomson Reuters Corporation.
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North America Legal Case Management Software Market Segmentation
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
North America Legal Case Management Software Market - Company Profiles
- App4Legal
- Legal Files Software, Inc.
- Legal Suite
- Legal Track
- MyCase
- Themis Solutions Inc. (Clio)
- Thomson Reuters Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Legal Case Management Software Market Landscape
4.1 Market Overview
4.2 North America Porters Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Legal Case Management Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Technology Integration in Legal Case Management Solutions
5.1.2 Increasing Government Initiatives to Promote Technology Adoption Across Industries
5.2 Market Restraints
5.2.1 Issues Regarding Cybersecurity and Data Privacy
5.3 Market Opportunities
5.3.1 Commercialization of 5G Technology
5.4 Future Trends
5.4.1 Mounting Trend of Paperless Procedures in Law Firms
5.5 Impact Analysis of Drivers and Restraints
6. Legal Case Management Software Market – North America Analysis
6.1 North America Legal Case Management Software Market Overview
6.2 North America Legal Case Management Software Market Overview – Revenue and Forecast to 2028 (US$ Million)
7. North America Legal Case Management Software Market Analysis – By Deployment
7.1 Overview
7.2 North America Legal Case Management Software Market Breakdown, by Deployment, 2020 and 2028 (%)
7.3 Cloud
7.3.1 Overview
7.3.2 Cloud Market Forecast and Analysis
7.4 On-Premise
7.4.1 Overview
7.4.2 On-Premise Market Forecast and Analysis
8. North America Legal Case Management Software Market Analysis – By End-User
8.1 Overview
8.2 North America Legal Case Management Software Market Breakdown, By End-User, 2020 & 2028 (%)
8.3 SME
8.3.1 Overview
8.3.2 SME Market Forecast and Analysis
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprise Market Forecast and Analysis
9. North America Legal Case Management Software Market – Country Analysis
9.1 Overview
9.1.1 Overview
9.1.2 North America Legal Case Management Software Market Breakdown, by Country
9.1.2.1 US Legal Case Management Software Market, Revenue and Forecast to 2028
9.1.2.1.1 US Legal Case Management Software Market Breakdown, by Deployment Type
9.1.2.1.2 US Legal Case Management Software Market Breakdown, by End User
9.1.2.2 Canada Legal Case Management Software Market, Revenue and Forecast to 2028
9.1.2.2.1 Canada Legal Case Management Software Market Breakdown, by Deployment Type
9.1.2.2.2 Canada Legal Case Management Software Market Breakdown, by End User
9.1.2.3 Mexico Legal Case Management Software Market, Revenue and Forecast to 2028
9.1.2.3.1 Mexico Legal Case Management Software Market Breakdown, by Deployment Type
9.1.2.3.2 Mexico Legal Case Management Software Market Breakdown, by End User
10. Impact of COVID-19 Pandemic on North America Legal Case Management Software Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 App4Legal
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Legal Files Software, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Legal Suite
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Legal Track
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Themis Solutions Inc. (Clio)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Thomson Reuters Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 MyCase
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. North America Legal Case Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Legal Case Management Software Market, Revenue and Forecast To 2028 – By Country (US$ Mn)
Table 3. US Legal Case Management Software Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Mn)
Table 4. US Legal Case Management Software Market, Revenue and Forecast to 2028 – By End User (US$ Mn)
Table 5. Canada Legal Case Management Software Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Mn)
Table 6. Canada Legal Case Management Software Market, Revenue and Forecast to 2028 – By End User (US$ Mn)
Table 7. Mexico Legal Case Management Software Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Mn)
Table 8. Mexico Legal Case Management Software Market, Revenue and Forecast to 2028 – By End User (US$ Mn)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Legal case management Software Market Segmentation
Figure 2. North America Legal case management Software Market Segmentation – By Country
Figure 3. North America Legal case management Software Market Overview
Figure 4. Cloud Segment is Expected to Dominate the Market by Deployment
Figure 5. SME Segment held Largest Market Share in 2020
Figure 6. US held Largest Market Share in 2020
Figure 7. North America PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Legal Case Management Software Market Impact Analysis of Drivers and Restraints
Figure 10. North America Legal Case Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Legal Case Management Software Market Breakdown, by Deployment, 2020 & 2028 (%)
Figure 12. North America Cloud: Legal Case Management Software Market - Revenue and Forecasts to 2028 (US$ Million)
Figure 13. North America On-Premises: Legal Case Management Software Market - Revenue and Forecasts to 2028 (US$ Million)
Figure 14. North America Legal Case Management Software Market Breakdown, By End-User, 2020 & 2028 (%)
Figure 15. North America SME: Legal Case Management Software Market - Revenue and Forecasts to 2028 (US$ Million)
Figure 16. North America Large Enterprise: Legal Case Management Software Market - Revenue and Forecasts to 2028 (US$ Million)
Figure 17. North America: Legal Case Management Software Market, by Key Country – Revenue (2020) (USD Million)
Figure 18. North America Legal Case Management Software Market Breakdown, by Country, 2020 & 2028 (%)
Figure 19. US Legal Case Management Software Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 20. Canada Legal Case Management Software Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 21. Mexico Legal Case Management Software Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 22. Impact of COVID-19 Pandemic on Market in North American Countries
- App4Legal
- Legal Files Software, Inc.
- Legal Suite
- Legal Track
- MyCase
- Themis Solutions Inc. (Clio)
- Thomson Reuters Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America legal case management software market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the legal case management software market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution