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 global market has been categorized on the basis of product type, application gamut, end-user industries, and the competitive hierarchy. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further entails a clear outline of the market’s intensely competitive atmosphere to help businesses and industry stakeholders decipher the optimal business moves and achieve their business goals.
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Key Players operating in the industry are:
Vastedge Inc., Tyler Technologies, Inc., Fairway Resolution Limited, Ican Systems Inc., The Mediation Room, Youstice, Picture It Settled, Llc, Modron, Cybersettle, Inc., Matterhorn
Radical Features of the Legal Online Dispute Resolution (ODR) Market Report:
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- The report encompasses Legal Online Dispute Resolution (ODR) market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Legal Online Dispute Resolution (ODR) industry
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Segmentation:
-
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
Regional Analysis Covers:
- 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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