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Flight claim companies economic impact in Europe and North America from 2019 to 2025* (in million U.S. dollars)

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Source

Release date

2020

Region

North America, Europe

Survey time period

2019 to 2020

Supplementary notes

Only companies active in Europe and North America are taken into account.
Legal tech, or LawTech, refers to the use of technology and software to provide legal services and support the legal industry.
Out of scope: specific HR-services (HR-tech), and software for purely archiving/searching legal documents or contracts (legal-software).
*Forecast from 2020 to 2025.

Citation formats

Flight claim companies economic impact in Europe and North America 2019-2025

Published by
Christy Tila,
Dec 11, 2020
In 2019, flight claim companies in Europe and North America had an economic impact of just over *** million U.S. dollars, before an expected increase of close to *** billion U.S. dollars in 2020. These firms are specialized B2C companies and are expected to receive high levels of business traffic off the back of disruption caused by the coronavirus (COVID-19) crisis. However, the firms are expected to be strongly hit following on from the decline of the global aviation industry, with the repercussions first felt in 2021. Forecasts have suggested that their impact on the economy will fall to around *** million U.S. dollars by 2025.
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