Vancouver, B.C., July 20, 2021 – The global legal Online Dispute Resolution (ODR) market size was USD 57.3 million in 2020.
SURREY, BRITISH COLUMBIA, CANADA, November 14, 2021 /EINPresswire.com/ — 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. In comparison to filing a lawsuit before a judge or jury, the mediation process has several benefits such as flexibility, confidentiality, saving in terms of time and money, certainty, reduced stress, and most importantly, the parties’ ability to control the result of their case. Brand integration is a process of incorporating products and brands into pre-existing entertainment properties.
The brand integration sub-segment under the solutions segment registered the fastest revenue CAGR in 2020. The framework utilizes mediation, arbitration, and negotiation (or a combination of all three) to resolve various types of disputes. A few significant advantages of getting into pre-existing programming rather than interrupting it are no production costs, higher engagement rates, and no ad-blocking. These terms are used interchangeably, and enables parties engaged in legal or judicial disputes to arrive at conclusions or to find resolution using technology. In addition, savings on fees, court visits, and time needed to be spent in court are some other key factors driving market revenue growth. (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.
Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Legal Online Dispute Resolution (ODR) market.
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Major players in the global legal ODR masrket 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).
The framework utilizes mediation, arbitration, and negotiation (or a combination of all three) to resolve various types of disputes .Legal Online Dispute Resolution (ODR) Market Size – USD 57.25 million in 2020, Market Growth – CAGR of 17.5 %, Market Trends –Increasing number of organizations opting for legal ODR. 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.
Type Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
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Deployment Type Outlook (Revenue, USD Million; 2021–2028)
Key geographical areas:
Middle East & Africa
Chapter 1: Methodology & Scope
• Definition and forecast parameters
• Methodology and forecast parameters
• Data Sources
• Business trends
• Regional trends
• Product trends
• End-use trends
• Industry segmentation
• Industry landscape
• Vendor matrix
• Technological and innovation landscape
• Business Overview
• Financial Data
• Product Landscape
• Strategic Outlook
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