Contract Lifecycle Management Software Market Size to Worth Around USD 3.8 Bn by 2030
The Contract Lifecycle Management Software market is projected to reach US$ 3.8 Bn by 2030. And registering a CAGR of around 10.5% over the forecast period 2021 – 2030.
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Contract lifecycle management (CLM) software assists in efficiently managing the complete process of a contract signed between two or more organizations. It comprises of eight vital steps: contract drafting, negotiation, approval, compliance and administration, repository, compliance optimization, retrieval, and renewal, amendments and disposition. CLM software ensures adherence to regulations, mitigates risks associated with a contract, protects an organization from incurring a penalty for non-compliance and enhances their decision-making process. Apart from this, it also helps the organization in forming alliances with other firms in order to expand their consumer base. As a result, the demand for CLM software is rising in the public, healthcare, manufacturing and financial service sectors across the globe.
Market Drivers:
CLM software helps lawyers in retrieving similar contracts from the library for reference purposes which can be viewed virtually in formats like Microsoft Word, PowerPoint and Excel. This reduces the time to review and enables organizations to identify loopholes in their system. This software also offers efficiency and transparency in reporting mechanisms and management controls, and allows organizations to ensure compliance with acts implemented by governing authorities. Moreover, the emergence of cloud-based CLM software is driving the demand for this solution across various industries as it offers an easy-to-use interface, provides seamless integration with popular CLM systems, enables dynamic workflow approvals and significantly reduces overall costs. In addition to this, it helps enterprises minimize infrastructural investments related to contract management. Due to rapid globalization, the requirement for a collaborative approach in handling projects and joint ventures has gained immense significance as it leads to better contract visibility for the concerned parties. On account of this, organizations are initiating large-scale collaborations to cope with constant alterations in their businesses which is expected to create a positive outlook for the CLM market.
Report Scope
- Based on the deployment model, the cloud-based segment accounted for the majority of the market share in 2020.
- On the basis of CLM offerings, the licensing and subscription segment currently dominates the global contract lifecycle management software market in 2020.
- Based on the enterprise size, the small and medium enterprise segment is projected to hold the major market share.
- Regionally, North America dominated the market in 2020, holding the majority of the total market share.
Key Players
The competitive landscape of the market has also been examined with some of the key players being CLM Matrix, IBM Emptoris, Icertis, SAP, BravoSolution, Contracked, Contract Logix, Coupa Software, Determine, Easy Software, ESM Solutions, Great Minds Software, Infor, Ivalua, Optimus BT, Oracle, Symfact, SpringCM, Newgen Software and Zycus.
Market Segmentation
Market By Deployment Mode
- On-premise
- Cloud
Market By Offering
- Licensing and Subscription
- Services
Market By Enterprise Size
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Market By End Use
- Automotive
- BFSI
- Electrical and Electronics
- Healthcare
- Manufacturing
- Retail and Ecommerce
- Others
Market By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Research Methodology
The research methodology adopted by analysts for compiling the global contract lifecycle management software market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global contract lifecycle management software market.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Contract Lifecycle Management Software Market, By Deployment Mode
7.1. Contract Lifecycle Management Software Market, by Deployment Mode, 2021-2030
7.1.1. On-premise
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Cloud
7.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Contract Lifecycle Management Software Market, By Offering
8.1. Contract Lifecycle Management Software Market, by Offering, 2021-2030
8.1.1. Licensing and Subscription
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Contract Lifecycle Management Software Market, By Enterprise Size
9.1. Contract Lifecycle Management Software Market, by Enterprise Size, 2021-2030
9.1.1. Large Enterprises
9.1.1.1. Market Revenue and Forecast (2016-2030)
9.1.2. Small and Medium Enterprises (SMEs)
9.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 10.Global Contract Lifecycle Management Software Market, By End Use
10.1. Contract Lifecycle Management Software Market, by End Use, 2021-2030
10.1.1. Automotive
10.1.1.1. Market Revenue and Forecast (2016-2030)
10.1.2. BFSI
10.1.2.1. Market Revenue and Forecast (2016-2030)
10.1.3. Electrical and Electronics
10.1.3.1. Market Revenue and Forecast (2016-2030)
10.1.4. Healthcare
10.1.4.1. Market Revenue and Forecast (2016-2030)
10.1.5. Manufacturing
10.1.5.1. Market Revenue and Forecast (2016-2030)
10.1.6. Retail and Ecommerce
10.1.6.1. Market Revenue and Forecast (2016-2030)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2016-2030)
Chapter 11.Global Contract Lifecycle Management Software Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.1.2. Market Revenue and Forecast, by Offering (2016-2030)
11.1.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.1.4. Market Revenue and Forecast, by End Use (2016-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.1.5.2. Market Revenue and Forecast, by Offering (2016-2030)
11.1.5.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.1.5.4. Market Revenue and Forecast, by End Use (2016-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.1.6.2. Market Revenue and Forecast, by Offering (2016-2030)
11.1.6.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.1.6.4. Market Revenue and Forecast, by End Use (2016-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.2.2. Market Revenue and Forecast, by Offering (2016-2030)
11.2.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.2.4. Market Revenue and Forecast, by End Use (2016-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.2.5.2. Market Revenue and Forecast, by Offering (2016-2030)
11.2.5.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.2.5.4. Market Revenue and Forecast, by End Use (2016-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.2.6.2. Market Revenue and Forecast, by Offering (2016-2030)
11.2.6.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.2.6.4. Market Revenue and Forecast, by End Use (2016-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.2.7.2. Market Revenue and Forecast, by Offering (2016-2030)
11.2.7.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.2.7.4. Market Revenue and Forecast, by End Use (2016-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.2.8.2. Market Revenue and Forecast, by Offering (2016-2030)
11.2.8.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.2.8.4. Market Revenue and Forecast, by End Use (2016-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.3.2. Market Revenue and Forecast, by Offering (2016-2030)
11.3.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.3.4. Market Revenue and Forecast, by End Use (2016-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.3.5.2. Market Revenue and Forecast, by Offering (2016-2030)
11.3.5.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.3.5.4. Market Revenue and Forecast, by End Use (2016-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.3.6.2. Market Revenue and Forecast, by Offering (2016-2030)
11.3.6.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.3.6.4. Market Revenue and Forecast, by End Use (2016-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.3.7.2. Market Revenue and Forecast, by Offering (2016-2030)
11.3.7.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.3.7.4. Market Revenue and Forecast, by End Use (2016-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.3.8.2. Market Revenue and Forecast, by Offering (2016-2030)
11.3.8.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.3.8.4. Market Revenue and Forecast, by End Use (2016-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.4.2. Market Revenue and Forecast, by Offering (2016-2030)
11.4.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.4.4. Market Revenue and Forecast, by End Use (2016-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.4.5.2. Market Revenue and Forecast, by Offering (2016-2030)
11.4.5.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.4.5.4. Market Revenue and Forecast, by End Use (2016-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.4.6.2. Market Revenue and Forecast, by Offering (2016-2030)
11.4.6.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.4.6.4. Market Revenue and Forecast, by End Use (2016-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.4.7.2. Market Revenue and Forecast, by Offering (2016-2030)
11.4.7.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.4.7.4. Market Revenue and Forecast, by End Use (2016-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.4.8.2. Market Revenue and Forecast, by Offering (2016-2030)
11.4.8.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.4.8.4. Market Revenue and Forecast, by End Use (2016-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.5.2. Market Revenue and Forecast, by Offering (2016-2030)
11.5.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.5.4. Market Revenue and Forecast, by End Use (2016-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.5.5.2. Market Revenue and Forecast, by Offering (2016-2030)
11.5.5.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.5.5.4. Market Revenue and Forecast, by End Use (2016-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2030)
11.5.6.2. Market Revenue and Forecast, by Offering (2016-2030)
11.5.6.3. Market Revenue and Forecast, by Enterprise Size (2016-2030)
11.5.6.4. Market Revenue and Forecast, by End Use (2016-2030)
Chapter 12. Company Profiles
12.1. CLM Matrix
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. IBM Emptoris
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Icertis
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. SAP
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BravoSolution
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Contracked
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Contract Logix
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Coupa Software
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Determine
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Easy Software
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. ESM Solutions
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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