The global legal Online Dispute Resolution (ODR) market size was USD 57.3 million in 2020, and is expected to reach USD 210.53 million 2028, and register a revenue CAGR of 17.5% during the forecast period, according to the latest report by Emergen Research. A primary factor driving market revenue growth is the rapid surge in number of individuals and parties, civilian, and commercial entities, and others, opting to resolve legal or judicial disputes virtually or across distances, and without any contact or physical appearance in a courtroom or at in the presence of judicial bodies. In addition, savings on fees, court visits, and time needed to be spent in court are some other key factors driving market revenue growth.
The study on the Global Legal Online Dispute Resolution (ODR) Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Legal Online Dispute Resolution (ODR) market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Legal Online Dispute Resolution (ODR) industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Legal Online Dispute Resolution (ODR) industry.
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Competitive Outlook: The leading companies operating in the Legal Online Dispute Resolution (ODR) market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Legal Online Dispute Resolution (ODR) Market and Profiled in the Report are:
Vastedge Inc., Tyler Technologies, Inc., Fairway Resolution Limited, Ican Systems Inc., The Mediation Room, Youstice, Picture It Settled, Llc, Modron, Cybersettle, Inc., Matterhorn
Objectives of the Report:
Study of the global Legal Online Dispute Resolution (ODR) market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Legal Online Dispute Resolution (ODR) market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Legal Online Dispute Resolution (ODR) market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Legal Online Dispute Resolution (ODR) market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Component Outlook (Revenue, USD Million; 2018–2028)
Solutions
Case Management
Settlement and Judgement Builder
Virtual Mediation Rooms and Technologies
Agreement Monitoring
Statistics and KPI Reporting
Electronic Consumer Dispute Resolution
Brand Integration
Others
Services
Consulting
Integration and Implementation
Training and Support
Type Outlook (Revenue, USD Million; 2018–2028)
Mediation
Arbitration
Negotiation
Deployment Type Outlook (Revenue, USD Million; 2021–2028)
On-premise
Cloud
Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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