$ 16.01 Billion growth expected in Legal Process Outsourcing Market | 30.51% YOY growth in 2020 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio

By Technavio9 days ago

NEW YORK, May 4, 2021 /PRNewswire/ --

The global legal process outsourcing market by service (contract management, E-discovery services, litigation support, legal research, and others) and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global legal process outsourcing market is expected to grow by USD 16.01 billion, at a CAGR of over 32% during 2020-2024.

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The imposition of lockdowns owing to the outbreak of the COVID-19 pandemic has globally impacted several IT start-up companies in the market. However, the market has witnessed a surge in the demand for LPO services that provide low-cost business strategic reform laws and effective services despite the ongoing pandemic. This is expected to contribute to the growth of the market during the forecast period.

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