Legal Process Outsourcing Services Market Forecast Report 2021: USD 18.07 Billion Market Growth Opportunity by 2025| Technavio

NEW YORK , June 13, 2022 /PRNewswire/ — The legal process outsourcing services market size is expected to increase by USD 18.07 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 32.45% as per the latest market report by Technavio. The legal process outsourcing services market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. Capita Plc, Cobra Legal Solutions LLC, Exigent Group Ltd., HCL Technologies Ltd., Infosys Ltd., Integreon Inc., LegalBase, Morae Global Corp., QuisLex Inc., and UnitedLex Corp. are among some of the major market participants.

  • Capita Plc- The company offers legal solutions such as remortgage and property services, digital evidence management, and more.
  • To know about the vendor offerings –Download a sample now!

Legal Process Outsourcing Services Market 2021-2025: Scope

 The legal process outsourcing services market report covers the following areas:

Legal Process Outsourcing Services Market 2021-2025: Market Dynamics

  • Drivers: The emergence of new outsourcing destinations is a major factor driving the global legal process outsourcing services market share growth. The decision to implement the offshore BPO model depends on labor costs, political stability, economic factors, and social risks of the region. APAC is a legal process outsourcing hub. India, the Philippines, Malaysia, and Vietnam are the most important outsourcing destinations in the region. Additionally, India is a favored destination for legal process outsourcing due to the high availability of skilled lawyers who are proficient in English and are ready to work for low wages. Companies in Europe prefer outsourcing their legal tasks to legal process outsourcing service providers. For instance, Deloitte, KPMG International Limited, PwC, Ernst & Young, Wipro, Pangea3, and LEX Outsourcing, as well as ADEC Innovation, Capgemini SE, Cobra Legal Solutions are among the major legal process outsourcing service market. Therefore, legal process outsourcing providers are inclined toward nearshoring legal process outsourcing.  
  • Challenges: The shortage of domain expertise will be a major challenge for the global legal process outsourcing services market share growth. Legal process outsourcing services require a specific set of skills to manage legal processes. Vendors face challenges while hiring and retaining domain expertise for providing high-quality legal services. A shortage of domain expertise becomes a challenge for vendors in the emerging markets due to the lack of a skilled workforce. This shortage creates difficulties for emerging players that provide legal process outsourcing services. Domain expertise is required for delivering legal process outsourcing services based on different time zones in global legal process outsourcing service delivery systems. Therefore, the shortage of domain expertise in the market is a major concern among legal process outsourcing service providers.  

To know more about the drivers & challenges –Download a sample now!

Legal Process Outsourcing Services Market 2021-2025: Segmentation Analysis

  • Service
    • Contract Management
    • E-discovery Services
    • Litigation Support
    • Legal Research
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Get ready to achieve excellent business outcomes from this exclusive Legal Process Outsourcing Services Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
  • What is the current trend taking place in the market space?
  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
  • What are market drivers, restraints, and challenges impacting demand & growth of the market?
  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Legal Process Outsourcing Services Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Legal Process Outsourcing Services Market Forecast Report –  Buy Now!

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Legal Process Outsourcing Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 32.45%

Market growth 2021-2025

USD 18.07 billion

Market structure

Fragmented

YoY growth (%)

30.52

Performing market contribution

North America at 37%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Data processing and outsourced services

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by Service

  • 5.1 Market segments
    • Exhibit 15: Service – Market share 2020-2025 (%)
  • 5.2 Comparison by Service
    • Exhibit 16: Comparison by Service
  • 5.3 Contract management – Market size and forecast 2020-2025
    • Exhibit 17: Contract management – Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Contract management – Year-over-year growth 2020-2025 (%)
  • 5.4 E-discovery services – Market size and forecast 2020-2025
    • Exhibit 19: E-discovery services – Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: E-discovery services – Year-over-year growth 2020-2025 (%)
  • 5.5 Litigation support – Market size and forecast 2020-2025
    • Exhibit 21: Litigation support – Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Litigation support – Year-over-year growth 2020-2025 (%)
  • 5.6 Legal research – Market size and forecast 2020-2025
    • Exhibit 23: Legal research – Market size and forecast 2020-2025 ($ million)
    • Exhibit 24: Legal research – Year-over-year growth 2020-2025 (%)
  • 5.7 Others – Market size and forecast 2020-2025
    • Exhibit 25: Others – Market size and forecast 2020-2025 ($ million)
    • Exhibit 26: Others – Year-over-year growth 2020-2025 (%)
  • 5.8 Market opportunity by Service
    • Exhibit 27: Market opportunity by Service

6 Customer landscape

  • 6.1 Overview
    • Exhibit 28: Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 29: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 30: Geographic comparison
  • 7.3 North America – Market size and forecast 2020-2025
    • Exhibit 31: North America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: North America – Year-over-year growth 2020-2025 (%)
  • 7.4 Europe – Market size and forecast 2020-2025
    • Exhibit 33: Europe – Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: Europe – Year-over-year growth 2020-2025 (%)
  • 7.5 APAC – Market size and forecast 2020-2025
    • Exhibit 35: APAC – Market size and forecast 2020-2025 ($ million)
    • Exhibit 36: APAC – Year-over-year growth 2020-2025 (%)
  • 7.6 South America – Market size and forecast 2020-2025
    • Exhibit 37: South America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 38: South America – Year-over-year growth 2020-2025 (%)
  • 7.7 MEA – Market size and forecast 2020-2025
    • Exhibit 39: MEA – Market size and forecast 2020-2025 ($ million)
    • Exhibit 40: MEA – Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 41: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 42: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 43: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Vendor landscape
    • Exhibit 44: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 45: Landscape disruption
    • Exhibit 46: Industry risks
  • 9.3 Competitive landscape

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 47: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 48: Market positioning of vendors
  • 10.3 Capita Plc
    • Exhibit 49: Capita Plc – Overview
    • Exhibit 50: Capita Plc – Business segments
    • Exhibit 51: Capita Plc – Key news
    • Exhibit 52: Capita Plc – Key offerings
    • Exhibit 53: Capita Plc – Segment focus
  • 10.4 Cobra Legal Solutions LLC
    • Exhibit 54: Cobra Legal Solutions LLC – Overview
    • Exhibit 55: Cobra Legal Solutions LLC. – Key news
    • Exhibit 56: Cobra Legal Solutions LLC – Product and service
    • Exhibit 57: Cobra Legal Solutions LLC – Key offerings
  • 10.5 Exigent Group Ltd.
    • Exhibit 58: Exigent Group Ltd. – Overview
    • Exhibit 59: Exigent Group Ltd. – Product and service
    • Exhibit 60: Exigent Group Ltd. – Key news
    • Exhibit 61: Exigent Group Ltd. – Key offerings
  • 10.6 HCL Technologies Ltd.
    • Exhibit 62: HCL Technologies Ltd. – Overview
    • Exhibit 63: HCL Technologies Ltd. – Business segments
    • Exhibit 64: HCL Technologies Ltd – Key news
    • Exhibit 65: HCL Technologies Ltd. – Key offerings
    • Exhibit 66: HCL Technologies Ltd. – Segment focus
  • 10.7 Infosys Ltd.
    • Exhibit 67: Infosys Ltd. – Overview
    • Exhibit 68: Infosys Ltd. – Business segments
    • Exhibit 69: Infosys Ltd. – Key news
    • Exhibit 70: Infosys Ltd. – Key offerings
    • Exhibit 71: Infosys Ltd. – Segment focus
  • 10.8 Integreon Inc.
    • Exhibit 72: Integreon Inc. – Overview
    • Exhibit 73: Integreon Inc. – Product and service
    • Exhibit 74: Integreon Inc. – Key news
    • Exhibit 75: Integreon Inc. – Key offerings
  • 10.9 LegalBase
    • Exhibit 76: LegalBase – Overview
    • Exhibit 77: LegalBase – Product and service
    • Exhibit 78: LegalBase – Key offerings
  • 10.10 Morae Global Corp.
    • Exhibit 79: Morae Global Corp. – Overview
    • Exhibit 80: Morae Global Corp. – Product and service
    • Exhibit 81: Morae Global Corp. – Key news
    • Exhibit 82: Morae Global Corp. – Key offerings
  • 10.11 QuisLex Inc.
    • Exhibit 83: QuisLex Inc. – Overview
    • Exhibit 84: QuisLex Inc. – Product and service
    • Exhibit 85: QuisLex Inc. – Key news
    • Exhibit 86: QuisLex Inc. – Key offerings
  • 10.12 UnitedLex Corp.
    • Exhibit 87: UnitedLex Corp. – Overview
    • Exhibit 88: UnitedLex Corp. – Product and service
    • Exhibit 89: UnitedLex Corp. – Key news
    • Exhibit 90: UnitedLex Corp. – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 91: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 92: Research Methodology
    • Exhibit 93: Validation techniques employed for market sizing
    • Exhibit 94: Information sources
  • 11.4 List of abbreviations
    • Exhibit 95: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

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Legal Process Outsourcing Services Market Forecast Report 2021: USD 18.07 Billion Market Growth Opportunity by 2025| Technavio WeeklyReviewer

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