PUBLISHER: QKS Group | PRODUCT CODE: 1637593
PUBLISHER: QKS Group | PRODUCT CODE: 1637593
This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that Buy Side-Contract lifecycle management (CLM) Market is Projected to Register a CAGR of above average by 2028 in Central & Eastern Europe.
Central & Eastern Europe (CEE) is expected to experience above-average growth in the Buy Side-Contract Lifecycle Management (CLM) market by 2028. The region's increasing integration into the global economy and the need to comply with complex regulatory requirements are major factors driving this growth. Countries in the CEE region are investing in digital infrastructure and modernizing their business processes to stay competitive. The adoption of CLM solutions is seen as a strategic move to enhance contract management, mitigate risks, and improve operational efficiencies. As a result, the demand for advanced CLM systems is on the rise across various industries in this region.
Quadrant Knowledge Solutions defines Contract Lifecycle Management (CLM) as software that automates and streamlines the end-to-end contract lifecycle from creation, negotiation, approval, execution, analysis, and compliance to renewal/expiry. The CLM software also provides a centralized contract repository for all types of contracts and agreements, including contracts from vendors, business partners, customers, employees, and others. The CLM software often stores supplier data, contract terms, negotiated prices, and other information to provide centralized visibility, enabling companies to execute contractual agreements faster and more efficiently. The CLM software helps the organization minimize administration costs and improve contractual performance, operational efficiency, and regulatory compliance.
QKS Group Reveals that Buy Side-Contract lifecycle management (CLM) Market is Projected to Register a CAGR of above average by 2028 in Central and Eastern Europe.
The future of the Buy Side-Contract Lifecycle Management (CLM) market in Central & Eastern Europe is promising, with a growing emphasis on digital transformation and regulatory compliance. Businesses in the region will increasingly adopt cloud-based CLM solutions to benefit from their flexibility and scalability. Furthermore, the integration of advanced technologies such as AI, ML, and blockchain will play a critical role in enhancing contract management processes, providing better insights, and ensuring data security. As organizations in CEE continue to modernize and embrace digital solutions, the CLM market is poised for sustained growth and innovation.
Quadrant Knowledge Solutions defines Contract Lifecycle Management (CLM) as software that automates and streamlines the end-to-end contract lifecycle from creation, negotiation, approval, execution, analysis, and compliance to renewal/expiry. The CLM software also provides a centralized contract repository for all types of contracts and agreements, including contracts from vendors, business partners, customers, employees, and others. The CLM software often stores supplier data, contract terms, negotiated prices, and other information to provide centralized visibility, enabling companies to execute contractual agreements faster and more efficiently. The CLM software helps the organization minimize administration costs and improve contractual performance, operational efficiency, and regulatory compliance.