Product Code: CMI7328
The Global Contract Lifecycle Management Software Market is estimated to be valued at USD 2.56 Billion in 2024 and is expected to reach USD 5.94 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 2.56 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
12.80% |
2031 Value Projection: |
US$ 5.94 Bn |
Figure. Contract Lifecycle Management Software Market Share (%), By Region, 2024
The global contract lifecycle management software market is witnessing significant growth driven by increasing demand for automating contract management processes across various industries. CLM solutions help organizations effectively manage the entire contract development process from initiation to renewal. It facilitates the creation of custom contracts and templates for different requirements. CLM automates routing and approval workflows allowing seamless collaboration. Organizations are increasingly adopting these solutions to gain real-time visibility into contracts, comply with regulations, and mitigate risks of non-compliance.
Market Dynamics:
The global contract lifecycle management software market is projected to witness robust growth over the next eight years. Growing need for improving operational efficiency and reducing costs associated with manual contract management processes is a key growth driver. Rising regulatory and compliance requirements across industries such as healthcare, life sciences is also propelling the adoption of CLM. However, budget constraints of small organizations and lack of awareness in certain emerging markets may restrain the growth to some extent. On the other hand, increasing penetration of cloud-based solutions and the emergence of AI and blockchain in contract management are expected to present lucrative opportunities for market expansion.
Key features of the study:
This report provides in-depth analysis of the global contract lifecycle management software market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
Key companies covered as a part of this study include Agiloft, Apttus, Coupa, DocuSign, GEP, IBM, Icertis, Ironclad, Oracle, SAP Ariba, Synertrade, Zycus, Concord, CobbleStone Software, and ContractWorks
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global contract lifecycle management software market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contract lifecycle management software market
Detailed Segmentation-
- By Functionality Insights (Revenue, USD Bn, 2019 - 2031)
- Contract Creation and Negotiation
- Contract Repository and Management
- Contract Compliance and Auditing
- Contract Renewals and Approvals
- Others (Reporting, Analytics, Workflow Automation, etc.)
- By Deployment Mode Insights (Revenue, USD Bn, 2019 - 2031)
- By Vertical Insights (Revenue, USD Bn, 2019 - 2031)
- BFSI
- IT and Telecommunications
- Manufacturing
- Retail and e-Commerce
- Healthcare and Pharmaceuticals
- Others
- By Regional Insights (Revenue, USD Bn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Agiloft
- Apttus
- Coupa
- DocuSign
- GEP
- IBM
- Icertis
- Ironclad
- Oracle
- SAP Ariba
- Synertrade
- Zycus
- Concord
- CobbleStone Software
- ContractWorks
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Contract Lifecycle Management Software Market, By Functionality
- Global Contract Lifecycle Management Software Market, By Deployment Mode
- Global Contract Lifecycle Management Software Market, By Vertical
- Global Contract Lifecycle Management Software Market, By Region
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Contract Lifecycle Management Software Market, By Functionality, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Contract Creation and Negotiation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Contract Repository and Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Contract Compliance and Auditing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Contract Renewals and Approvals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others (Reporting, Analytics, Workflow Automation, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Contract Lifecycle Management Software Market, By Deployment Mode, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cloud-Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- On-Premises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Contract Lifecycle Management Software Market, By Vertical, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- BFSI
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- IT and Telecommunications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Retail and e-Commerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Healthcare and Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Contract Lifecycle Management Software Market, By Region, 2019- 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Functionality, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Deployment Mode, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vertical, 2019 - 2031, Value (USD Bn)
- U.,S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Functionality, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Deployment Mode, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vertical, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Functionality, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Deployment Mode, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vertical, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Functionality, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Deployment Mode, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vertical, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Functionality, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Deployment Mode, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vertical, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Functionality, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Deployment Mode, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vertical, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
8. COMPETITIVE LANDSCAPE
- Agiloft
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Apttus
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Coupa
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- DocuSign
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GEP
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- IBM
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Icertis
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ironclad
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Oracle
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SAP Ariba
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Synertrade
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Zycus
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Concord
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CobbleStone Software
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ContractWorks
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us