Contract Lifecycle Management Software Market, By Functionality, By Deployment Mode, By Vertical, By Geography

Description

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

Contract Lifecycle Management Software Market - IMG1

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)
- Cloud-Based
- On-Premises
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

Product Code: CMI7328

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
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