target audience: TECH SUPPLIER Publication date: May 2024 - Document type: Market Forecast - Doc Document number: # US49251323
Worldwide Enterprise Legal Management Software Forecast, 2024–2028
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Abstract
This IDC study discusses the drivers and dynamics that had an impact on the global enterprise legal management software market in 2023 and provides insight into future trends that may influence market demand over the 2024–2028 period.
"Budgets, historically, have been tight for legal departments. The workload versus budget battle may finally have a light at the end of its tunnel. ELM providers must be looking at how AI can enable their end users to deflect workload. There is a lot of low-hanging fruit to be pruned within legal departments," says Ryan O'Leary, research director, Privacy and Legal Technology at IDC.