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Legal Process Outsourcing Market is Expected to Witness Significant Growth by 2025 | Hexa Research

11 April 2019

The global legal process outsourcing market is anticipated to witness significant growth owing to increasing number of corporate law departments and law firms adopting cost cuttings. Most legal work call for lots of documentation and paperwork from corporates. Such complex and time consuming tasks can affect the work efficiency and revenue. Hence, corporates are likely to outsource these legal activities through their representatives to reduce costing. Outsourcing back-end services can help these corporates in managing their internal operations efficiently and reducing operational costs.

Increasing number of legal firms and companies outsourcing their work to LPO’s can augment market growth. Growing need for law advisory firms that can offer process-oriented services using advanced digital technologies can impel market expansion. Advent of innovative digital technologies for easy and fast processing of legal documents can stimulate growth of the market. Increasing use of highly secure software tools and e-discovery to process data is expected to contribute significantly to market growth. In addition, supportive government initiatives to spread awareness among general counsels and public regarding benefits of LPO can drive the market in the coming years. Moreover, growing awareness regarding availability of virtual law assistants and law process automation can spur market growth in the coming years. Virtual law assistants can deliver services using built-in client portals. Such virtual law firms can manage mundane and complex work with professionalism similar to in-house employees.

Variation in regulatory policies on a regional level can restrict organizations from adopting outsource of legal services. Such restrictions among companies can hamper growth of market in the coming years. In addition, security and confidentiality concerns, coupled with ethical implications, can obstruct market growth. Strong initiatives by LOP firms to acquire non-disclosure agreements and certifications, and to build strong service level agreements (SLAs) can create lucrative opportunities for the market. In addition, growing concerns regarding data security and confidentiality among service providers can impel market growth.

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The market can be segmented on the basis of services and location. Based on services, the market can be categorized into review and management, compliance assistance, litigation support, e-discovery, contract drafting, and patent support.

Asia Pacific is anticipated to witness significant growth in the coming years owing to easy availability of well-experienced lawyers. These lawyers have excellent communication skills and lower pay rates than their counterparts in the United States. High-level competency and experience of these lawyers can gain traction among clients and increase their business prospects, thereby boosting regional market growth in the coming years. In addition, increasing number of LPO players in developing countries, such as Singapore, Malaysia, and India, can stimulate market expansion in the region.

The market in North America is expected to expand in the coming years owing to rising demand for affordable yet efficient lawyers. Hiring local service providers can be quite expensive for corporates in the United States, which can impact their business. Hence, these corporates are likely to outsource their legal proceedings to countries where they can find efficient and affordable skilled personnel. Such business strategies can reduce expenses for corporates and allow them to focus on their core operations. For instance, ElevateNext announced its collaboration with Elevate to help companies cut their legal expenses.

Europe is predicted to bode well in the coming years due to rising demand for corporate legal advisors. Increasing number of mergers and acquisitions, and collaborations between multinational companies and large enterprises in various sectors can augment demand for lots of paperwork. Legal paperwork is anticipated to propel the demand for experienced and reliable advisors in the region, which can further stimulate regional market growth in the coming years. Local corporates are expected to prefer onshore service providers owing to data privacy issues. Most companies are adopting business strategies, such as mergers and acquisitions, to expand their business across the globe. For instance, CVC Capital Partners acquired the U.S. based LPO firm named UnitedLex, which offers services to leading corporations, universities, and law firms across the globe.

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Global Betting Market 2018 Trends, Market Share, Industry Size, Opportunities, Analysis And Forecast To 2025

Betting Market 2018

Wiseguyreports.Com Adds “Betting – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2025” To Its Research Database.

Description: 

This report focuses on the global Betting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Betting development in United States, Europe and China.

Betting is the action of gambling money on the outcome of a race, game, or other unpredictable event.
In 2017, the global Betting market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

The key players covered in this study
888 Holdings
Betfair
Bwin.Part
Paddy Power
Unibet
William Hill
Amaya gaming
Bet365 Group
Bet-at-home.com
BetAmerica
Betfred
Betsson
Draft Kings
Fan duel
Gala coral group
Ladbrokes
Sportech
TVG
Twinspires
Watch and Wager

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Market segment by Type, the product can be split into
Dogs
Horses
Number
Others

Market segment by Application, split into
Casino
Online

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

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If you have any special requirements, please let us know and we will offer you the report as you want.

Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Betting Market Size Growth Rate by Type (2013-2025)
1.4.2 Dogs
1.4.3 Horses
1.4.4 Number
1.4.5 Others
1.5 Market by Application
1.5.1 Global Betting Market Share by Application (2013-2025)
1.5.2 Casino
1.5.3 Online
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Betting Market Size
2.2 Betting Growth Trends by Regions
2.2.1 Betting Market Size by Regions (2013-2025)
2.2.2 Betting Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

……

12 International Players Profiles
12.1 888 Holdings
12.1.1 888 Holdings Company Details
12.1.2 Company Description and Business Overview
12.1.3 Betting Introduction
12.1.4 888 Holdings Revenue in Betting Business (2013-2018)
12.1.5 888 Holdings Recent Development
12.2 Betfair
12.2.1 Betfair Company Details
12.2.2 Company Description and Business Overview
12.2.3 Betting Introduction
12.2.4 Betfair Revenue in Betting Business (2013-2018)
12.2.5 Betfair Recent Development
12.3 Bwin.Part
12.3.1 Bwin.Part Company Details
12.3.2 Company Description and Business Overview
12.3.3 Betting Introduction
12.3.4 Bwin.Part Revenue in Betting Business (2013-2018)
12.3.5 Bwin.Part Recent Development
12.4 Paddy Power
12.4.1 Paddy Power Company Details
12.4.2 Company Description and Business Overview
12.4.3 Betting Introduction
12.4.4 Paddy Power Revenue in Betting Business (2013-2018)
12.4.5 Paddy Power Recent Development
12.5 Unibet
12.5.1 Unibet Company Details
12.5.2 Company Description and Business Overview
12.5.3 Betting Introduction
12.5.4 Unibet Revenue in Betting Business (2013-2018)
12.5.5 Unibet Recent Development
12.6 William Hill
12.6.1 William Hill Company Details
12.6.2 Company Description and Business Overview
12.6.3 Betting Introduction
12.6.4 William Hill Revenue in Betting Business (2013-2018)
12.6.5 William Hill Recent Development
12.7 Amaya gaming
12.7.1 Amaya gaming Company Details
12.7.2 Company Description and Business Overview
12.7.3 Betting Introduction
12.7.4 Amaya gaming Revenue in Betting Business (2013-2018)
12.7.5 Amaya gaming Recent Development
12.8 Bet365 Group
12.8.1 Bet365 Group Company Details
12.8.2 Company Description and Business Overview
12.8.3 Betting Introduction
12.8.4 Bet365 Group Revenue in Betting Business (2013-2018)
12.8.5 Bet365 Group Recent Development
12.9 Bet-at-home.com
12.9.1 Bet-at-home.com Company Details
12.9.2 Company Description and Business Overview
12.9.3 Betting Introduction
12.9.4 Bet-at-home.com Revenue in Betting Business (2013-2018)
12.9.5 Bet-at-home.com Recent Development
12.10 BetAmerica
12.10.1 BetAmerica Company Details
12.10.2 Company Description and Business Overview
12.10.3 Betting Introduction
12.10.4 BetAmerica Revenue in Betting Business (2013-2018)
12.10.5 BetAmerica Recent Development
12.11 Betfred
12.12 Betsson
12.13 Draft Kings
12.14 Fan duel
12.15 Gala coral group
12.16 Ladbrokes
12.17 Sportech
12.18 TVG
12.19 Twinspires
12.20 Watch and Wager

Continued…..

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