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.
Emergen Research has published a research report on global Legal Online Dispute Resolution (ODR) Market to offer comprehensive analysis of current and emerging market trends along with key developments in the industry. The report offers in-depth information about market share, market size, market revenue growth, drivers, restraints, growth opportunities and challenges. The report also provides insights on different segments such as product types, applications, regional bifurcation along with top companies. The report is curated using primary and secondary research which is thoroughly evaluated by experts in the industry and is well-presented using various pictorial presentations such as tables, diagrams, charts and figures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed 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
Research Report on the Legal Online Dispute Resolution (ODR) Market Addresses the Following Key Questions:
- Who are the dominant players of the Legal Online Dispute Resolution (ODR) market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Legal Online Dispute Resolution (ODR) market?
- What are the key growth drivers and restraining factors of the Legal Online Dispute Resolution (ODR) market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Legal Online Dispute Resolution (ODR) market and its key segments?
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/legal-online-dispute-resolution-market
Emergen Research has segmented the global Legal Online Dispute Resolution (ODR) market on the basis of type, type of care, and region
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
- Solutions
Type Outlook (Revenue, USD Million; 2018–2028)
- Mediation
- Arbitration
- Negotiation
Deployment Type Outlook (Revenue, USD Million; 2021–2028)
- On-premise
- Cloud
In conclusion, the Legal Online Dispute Resolution (ODR) Market report is an exhaustive database that will help readers formulate lucrative strategies. The Legal Online Dispute Resolution (ODR) Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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