Global Enterprise Legal Management - ELM Software
Market Report
2025
Global Enterprise Legal Management - ELM Software market size was USD 1.95 Billion in 2022 and it is forecasted to reach USD 4.17 Billion by 2030. Enterprise Legal Management - ELM Software Industry's Compound Annual Growth Rate will be 10% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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Global Enterprise Legal Management - ELM Software market size was USD 1.95 Billion in 2022 and it is forecasted to reach USD 4.17 Billion by 2030. Enterprise Legal Management - ELM Software Industry's Compound Annual Growth Rate will be 10% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Enterprise Legal Management - ELM Software Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 10% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Deployment Mode |
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Market Split by Enterprise Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Enterprise Legal Management - ELM Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Corporate legal departments, insurance claims departments, and government legal and contract management departments all use enterprise legal management (ELM) as a practice management method. ELM software primarily enables electronic billing and matter management, with derived analytics and reporting directing business activities in the legal department. Considerations of the license type, usage scope, maintenance and support, installation location, and license cost computation are among the factors influencing the purchase of ELM software. Enterprise legal management systems include end-to-end capabilities for managing legal departments, but they can also be utilized as pieces of software. However, the majority of corporate legal management programs interact with DMSs and other fundamental office programs. Enterprise legal management systems are unique in that they are created particularly for internal legal departments, even if they may include features of legal billing software or interact with them. Legal billing software cannot include enterprise legal management solutions.
It is helpful in lowering the manual labor required for a variety of tasks, including document scanning, document retrieval, document classification, etc. This decreases the amount of time needed to complete these operations and boosts productivity in businesses that employ this technology. For legal departments aiming to streamline processes and prepare for the future, legal automation is a technology that is becoming more and more important. Automation has completely changed how Legal manages its job, from document review and contract administration to legal research and beyond.
The ELM software requires high maintenance as well as implementation cost due to which it is hampering the market growth. This can be mostly affected by small and medium-sized enterprises as they are not affordable to buy this software due to high cost. Moreover, the high upfront investment as well as the ongoing expenses may also restrain their adoption of ELM software.
The Enterprise Legal Management (ELM) Software business is one of the many sectors affected as the COVID-19 pandemic grips the globe. Major market actors and downstream clients are all suffering the effects of the epidemic on a worldwide scale. A recent analysis, however, provides some insight into what the Enterprise Legal Management (ELM) Software market might face in the future. Numerous elements are taken into consideration in the study, such as modifications in consumer behavior, demand, transportation capacity, and trade flow under COVID-19. Therefore, this report has faced significant challenges and will provide valuable insight into the future.
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In November 2021,
The system of record used by legal professionals at more than 1,000 organizations to securely log activities, collaborate with colleagues, and save work materials, Joinder, has been acquired by Brightflag, the AI-powered legal operations platform. With offices in California, New York, Ireland, and Australia, the acquisition grows the Brightflag team to 150 legal experts, technological pioneers, and customer success advocates. Joinder will now operate as a key component of the Brightflag Legal Operations Platform under the name Brightflag Workspace.
Project management, communication, and storage solutions for many corporate legal departments are dispersed over a number of different technologies, making it challenging to work as a team and implement best practice workflows.
https://brightflag.com/press/joinder-acquisition/
In February 2022,
Brightflag, the AI-powered platform for legal operations, unveiled a completely revamped reporting user interface. The new interface gives corporate legal departments a quick and targeted way to use data to respond to important business problems when combined with Brightflag's proactive customer success team.
https://brightflag.com/press/legal-ops-reporting/
In February 2022,
Leading European software and services investor Hg is committed to supporting companies that transform how we all conduct business. For management teams aiming to develop their organizations, deep technological expertise, combined with vertical application specialization and committed operational assistance, offers a compelling opportunity. With over 140 investment professionals, a portfolio team of over 30 operators, and assets under administration totaling more than $30 billion, Hg offered the practical assistance needed for our businesses to realize their growth aspirations. Hg, which has offices in London, Munich, and New York, has a portfolio of more than 30 software and technology companies with over 35,000 workers in the UK, the US, and Europe.
https://www.legal-suite.com/resources/press-releases/articles/hg-invests-in-the-septeo-group-to-help-continue-building-a-leading-legaltech-platform-across-europe-1176.htm
Top Companies Market Share in Enterprise Legal Management - ELM Software Industry: (In no particular order of Rank)
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In North America, the market for Enterprise Legal Management (ELM) software is expanding quickly. The necessity for effective legal management solutions and the rising demand for legal services are to reason behind this. The need for ELM software is being driven by some of the biggest providers of legal services in the world, who are based in the region. The growing use of cloud-based solutions is another factor driving the North American ELM software industry. This is brought about by the affordability and scalability of cloud-based solutions, which appeal to companies of all sizes. The region's ELM software industry is expanding as a result of the corporate sector's rising need for legal services.
The current report Scope analyzes Enterprise Legal Management - ELM Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Enterprise Legal Management - ELM Software Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Enterprise Legal Management - ELM Software Industry growth. Enterprise Legal Management - ELM Software market has been segmented with the help of its Deployment Mode, Enterprise Type , and others. Enterprise Legal Management - ELM Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
It is a system that can store data effectively without any active user management. There is no need to download and install software or hardware when using cloud infrastructure. The user finds it simple and convenient to work with the cloud-based ELM because all they require are their login credentials. Digital product information management, enables quicker launch times, reduced costs, and more scalability. The cloud-based ELM software also helped with the direction of a sizable provider network and made an effort to control the volume of dynamic product content.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Enterprise Legal Management - ELM Software Industry. Request a Free Sample PDF!
Enterprise legal management software gives large businesses more freedom to manage their transactions and essential business functions. This software assists major businesses in effectively optimizing their business procedures, enabling a quicker checkout time. Additionally, it is projected that during the analysis timeframe, there will be excellent growth prospects due to the increased need for tailored ELM software solutions by major firms around the world to manage their business operations and cash flows. Low cost, simple installation, and the higher adoption rate of newer technologies are factors influencing the uptake of ELM systems.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Enterprise Legal Management - ELM Software Market is witnessing significant growth in the near future.
In 2023, the Cloud segment accounted for noticeable share of global Enterprise Legal Management - ELM Software Market and is projected to experience significant growth in the near future.
The Small and Medium Enterprises segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Acuity Management Solutions , Brightflag and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Deployment Mode | Cloud, On-Premises |
Enterprise Type | Small and Medium Enterprises, Large Enterprises |
List of Competitors | Acuity Management Solutions, SimpleLegal, Brightflag, Mitratech Holdings, Xakia Technologies, LexisNexis, BusyLamp, Legal Suite, LawVu, Uptime Legal Systems, LSG, Onit, Wolters Kluwer ELM Solutions. |
This chapter will help you gain GLOBAL Market Analysis of Enterprise Legal Management - ELM Software. Further deep in this chapter, you will be able to review Global Enterprise Legal Management - ELM Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Enterprise Legal Management - ELM Software. Further deep in this chapter, you will be able to review North America Enterprise Legal Management - ELM Software Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Enterprise Legal Management - ELM Software. Further deep in this chapter, you will be able to review Europe Enterprise Legal Management - ELM Software Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Enterprise Legal Management - ELM Software. Further deep in this chapter, you will be able to review Asia Pacific Enterprise Legal Management - ELM Software Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Enterprise Legal Management - ELM Software. Further deep in this chapter, you will be able to review South America Enterprise Legal Management - ELM Software Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Enterprise Legal Management - ELM Software. Further deep in this chapter, you will be able to review Middle East Enterprise Legal Management - ELM Software Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Enterprise Legal Management - ELM Software. Further deep in this chapter, you will be able to review Middle East Enterprise Legal Management - ELM Software Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Enterprise Legal Management - ELM Software. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Deployment Mode Analysis 2019 -2031, will provide market size split by Deployment Mode. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Deployment Mode Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Enterprise Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Enterprise Legal Management - ELM Software market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Cloud have a significant impact on Enterprise Legal Management - ELM Software market? |
What are the key factors affecting the Cloud and On-Premises of Enterprise Legal Management - ELM Software Market? |
What is the CAGR/Growth Rate of Small and Medium Enterprises during the forecast period? |
By type, which segment accounted for largest share of the global Enterprise Legal Management - ELM Software Market? |
Which region is expected to dominate the global Enterprise Legal Management - ELM Software Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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