Legal Online Dispute Resolution (ODR) Market: A Look at the Industry's Current Status and Future Outlook

Rising concerns regarding harmful effects of E-waste on human health and the environment and implementation of regulations are factors driving market revenue growth

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 latest report is the most recent study that offers 360° coverage of the Legal Online Dispute Resolution (ODR) industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Legal Online Dispute Resolution (ODR) market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

 

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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
      1. Case Management
      2. Settlement and Judgement Builder
      3. Virtual Mediation Rooms and Technologies
      4. Agreement Monitoring
      5. Statistics and KPI Reporting
      6. Electronic Consumer Dispute Resolution
      7. Brand Integration
      8. Others
    • Services
      1. Consulting
      2. Integration and Implementation
      3. 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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Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs.

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