PUBLISHER: QKS Group | PRODUCT CODE: 1637595
PUBLISHER: QKS Group | PRODUCT CODE: 1637595
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 Asia (Excluding Japan and China).
The Asia ex-Japan & China region is expected to see above-average growth in the Buy Side-Contract Lifecycle Management (CLM) market by 2028. The region's rapid economic growth, coupled with increasing digital transformation initiatives, is driving the demand for advanced CLM solutions. Countries like India, South Korea, and Southeast Asian nations are investing heavily in modernizing their business processes and adopting digital technologies. The need to enhance operational efficiency, ensure regulatory compliance, and manage complex supply chains is fueling the adoption of CLM solutions across various industries in the 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 the Asia (Excluding Japan and China).
The future of the Buy Side-Contract Lifecycle Management (CLM) market in Asia ex-Japan & China is bright, with continued digital adoption and technological advancements. Cloud-based CLM solutions will become increasingly popular due to their flexibility and scalability, catering to the diverse business landscape in the region. The integration of AI, ML, and blockchain technologies will further enhance contract management processes, providing better insights, automating routine tasks, and ensuring data security. As businesses in the region strive to remain competitive and compliant, the demand for sophisticated and scalable CLM solutions will drive sustained market 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.