Accelerating Business

A monthly series that examines how the legal ecosystem uses new technologies to serve fast-changing business needs. This time: Why law firms want their own in-house AI platforms

The top 3

  1. AI and Machine Learning Lead Growth: Artificial Intelligence is projected to be the fastest-growing industry globally through 2030 with a 28.46% compound annual growth rate, as 83% of executives prioritize AI in their business plans.
  2. Cloud Computing and SaaS Dominance: The global Software as a Service (SaaS) market is expected to reach $793.10 billion by 2029, growing at an annual rate of 19.38%, with over 50% of global public cloud spending dedicated to SaaS in 2026.
  3. Data Analytics and Business Intelligence Criticality: The business intelligence and analytics market is projected to reach $95.8 billion by 2033 with a 9.6% CAGR, as 94% of organizations deem these tools critical for success and data-driven companies are 23 times more likely to acquire customers.

Sources

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