Market Overview
According to Fortune Business Insights, the global legal technology market size was valued at USD 33.97 billion in 2025. The market is projected to grow from USD 36.72 billion in 2026 to USD 77.93 billion by 2034, exhibiting a CAGR of 9.90% during the forecast period. North America dominated the legal technology market with a market share of 35.90% in 2025.
Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled “Legal Technology Market, 2026-2034.”
The analysis shows that top companies and law firms are investing more in technologies that automate and optimize legal procedures to improve productivity, enhance profitability, and streamline operations. The emerging trend of smart contracts, artificial intelligence (AI), and blockchain technology has allowed legal services to record growing volumes of data securely and reduce compliance burdens, a shift that was further accelerated by the move toward electronic documentation during the COVID-19 pandemic. For example, according to an industry analyst, in 2023, more than 82% of in-house legal teams were considering or had considered the use of AI for e-discovery. This trend indicates a strong demand for legal technology solutions worldwide.
Major Players Profiled in the Market Report:
Segments
Integration of Advanced Technologies to Propel Software Segment Growth
Based on component, the market is segmented into software and services. The software segment dominated the market in 2023 and is projected to lead with a share of 64.92% in 2026, owing to the increasing adoption of legal software incorporated with AI, machine learning, and blockchain to streamline workflows. For instance, in April 2023, Filevine Inc. introduced Demands.ai, which uses the Vine platform and AI to simplify and accelerate the process of obtaining demand letters. Meanwhile, the services segment is anticipated to register the highest CAGR during the forecast period as back-end infrastructure maintenance helps organizations reduce costs and avoid data fraud.
Ease of Controllability and Accessibility to Drive On-Premises Segment Dominance
By deployment mode, the market is segmented into on-premises and cloud. The on-premises segment dominated the market share in 2024 and is projected to hold a leading share of 62.91% in 2026, as it enables law experts to manage processes from a desktop and isolate sensitive information from external users. Conversely, the cloud segment is anticipated to register the highest CAGR during the forecast period, driven by automatic software updates, continuous security enhancements, and rapid feature innovation without manual installation disruptions.