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.
Legal Online Dispute Resolution (ODR) Market Forecast to 2028”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Legal Online Dispute Resolution (ODR) market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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ODR) – also known as Alternate Dispute Resolution (ADR) and Internet Dispute Resolution (iDR) – is a process to settle disputes outside of courts, and over the Internet, or through an online mode of communication/interaction between disputed parties. These terms are used interchangeably, and enables parties engaged in legal or judicial disputes to arrive at conclusions or to find resolution using technology. The framework utilizes mediation, arbitration, and negotiation (or a combination of all three) to resolve various types of disputes.
Rapid technological advancements and economic growth are key factors expected to drive market growth over the forecast period. The report further provides a comprehensive analysis of the competitive landscape and provides a complete coverage with regards to company’s profiles, product portfolio, revenue generation, financial standing and market position.
Top Companies Operating in the Legal Online Dispute Resolution (ODR) Market and Profiled in the Report are:
- Picture It Settled, LLC (U.S.), Cybersettle, Inc. (U.S.), NetNeutrals, Ltd (U.S.), Tyler Technologies, Inc. (U.S.), Matterhorn (U.S), FairClaims, Inc. (U.S), VastEdge Inc. (U.S), FairWay Resolution Limited (U.K.), iCan Systems Inc. (Canada), The Mediation Room (U.K.), and Youstice (Slovakia).
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It further offers a comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
Regional analysis of the Legal Online Dispute Resolution (ODR) market includes analysis of the production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and vendors, and market size and share in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The report further offers key insights into country wise analysis and major factors driving revenue growth of each regional market.
Detailed Regional Analysis Covers:
- North America
- Europe
- Germany
- Italy
- K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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Emergen Research have segmented the global Legal ODR Market on the basis of component, type, deployment type, application and end-use, and region:
- 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)
- Application Outlook (Revenue, USD Million; 2018–2028)
- Clinical Trials
- Cloud Migrations
- e-Commerce
- Family Disputes
- Consumer Disputes
- Waste Management
- Others
- End-Use Outlook (Revenue, USD Million; 2018–2028)
- Courts and Tribunals
- Government and Enterprise
- Dispute Resolution Professionals
- Ombudsman
- Others
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