Press Release / Technology / Legal Process Outsourcing Market is expected to reach at USD 25 Billion by Forecast to 2023

Legal Process Outsourcing Market is expected to reach at USD 25 Billion by Forecast to 2023

Market Highlights:
The global Legal process outsourcing market are bifurcated on the basis of component, 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 & life sciences, and others. The region includes North America, Europe, Asia Pacific and rest of the world.
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 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.
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)

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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.
Segments:
The global legal process outsourcing market has been segmented on the basis of component, organization size, deployment type, business function, end users, and region.
Global Legal process outsourcing Market by Component:
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
Others

Global Legal process outsourcing Market by Organization Size:

Small And Medium-Sized Enterprises
Large Enterprises

Global Legal process outsourcing Market by Service Location:

On-shore outsourcing
Offshore outsourcing

Global Legal process outsourcing Market by End Users:

BFSI
Government
Automotive
Healthcare & Life Sciences
Others

Global Legal process outsourcing Market by Regions:

North America
Europe
APAC
Rest Of The World

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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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