2024 Gartner Hype Cycle for Legal, Risk, Compliance and Audit Technologies
Key insights
- By 2027, the technology market for legal, risk and compliance will increase by 60%, largely due to investments in artificial intelligence and large language models.
- By 2027, legal, risk and compliance departments will double their spend on technology.
- By 2027, at least 30% of spending on corporate legal applications will go to nonspecialist technology providers.
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