target audience: TECH SUPPLIER Publication date: Jan 2023 - Document type: Market Forecast - Doc Document number: # US50058823
Worldwide Enterprise Legal Management Software Forecast, 2023–2027
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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 2022 and provides insight into future trends that may influence market demand over the 2023–2027 period.
"An economic downturn or the potential of one is an opportunity for vendors to focus on their core value prop for legal departments' ROI. This is the time to innovate and perfect AI/ML–enhanced bill review capabilities and leveraging historical spend data for future insights," says Ryan O'Leary, research director, Privacy and Legal Technology at IDC.