LexisNexis SWOT Analysis, Competitors & USP

Published by MBA Skool Team, Last Updated: April 12, 2020

SWOT analysis of LexisNexis analyses the brand by its strengths, weaknesses, opportunities & threats. In LexisNexis SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like LexisNexis to benchmark its business & performance as compared to the competitors. LexisNexis is one of the leading brands in the management & consulting sector.

The article below lists the LexisNexis SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the LexisNexis SWOT Analysis:

SWOT Analysis of LexisNexis

For LexisNexis, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.

LexisNexis Strengths

The strengths of LexisNexis looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of LexisNexis :

1. Over 30 Tera bytes of information on its 10+ maniframes
2. Provides computer assisted legal research
3. Different websites for two different offerings
4.Strong brand presence and top of the mind recall among legal professionals

5. Acquisition of other companies have strengthened its brand position

6. Has been recognized and coveted with several awards

LexisNexis Weaknesses

The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the LexisNexis SWOT Analysis:

1. Alleged theft of personal information of its users

2. Susceptibility to theft of data is a constant concern


LexisNexis Opportunities

The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in LexisNexis SWOT Analysis:

1. Innovating its product offering to further its presence in the market
2.Avoiding any future breach of security
3.Coming up with new offering for general population

LexisNexis Threats

The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of LexisNexis are as mentioned:

1.Disruptive innovation can hamper its growth
2.Hackers would try to breach its network for the information available

3. Run ins with government on issues like mishandling of  stored information


LexisNexis Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of LexisNexis:

1.Dow Jones and Company Inc. 
2.Thomson Reuters (legal) Inc.
3.Factset Research Systems Inc.

Hence this concludes the LexisNexis SWOT analysis.

Continue reading more about the brand/company.

About LexisNexis

LexisNexis Overview
Parent Company

Reed Elsevier PLC

Category

Publication

Sector

Management & Consulting

Tagline/ Slogan

Solutions for professional who shape the world

USP

Pioneer in electronic accessibility of legal and journalisitic documents

LexisNexis STP
Segmentation

Organization needing Legal solutions and assess , predict and manage risk

Target Market

Law firms, Government and corporations

Positioning

World's largest electronic database for legal and public-records related information


This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

Browse marketing analysis of more brands and companies similar to LexisNexis. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.

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