Global Contract Lifecycle Management Market is valued at approximately USD 936.4 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 12.2% over the forecast period 2022-2028. Contract Lifecycle Management or CLM is a system that manages contracts and agreements between various entities by managing each stage of contract. Companies have adopted the CLM system in order to manage the process of contracts and to develop a robust customer base. Evolving easy-to-use & convenient interface systems,rapid globalization and increasing benefits have driven the CLM Market. For Instance: As per the analysts at PricewaterhouseCoopers, any business can save up to 2% of their annual costs by utilizing contract management and thus avoiding inaccuracies and non-compliance Also, emerging various applications and end-users is most likely to boost the overall growth of the Global Contract Lifecycle Management market, as it enables dynamic workflow and reduces time to review the contract. However, back filing and lack of skilled users can obstruct the market's expansion over the projection period of 2022-2028.
The key regions considered for the Global Contract Lifecycle Management Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the rapid globalization and increased adoption of CLM. Whereas, Europe is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period due to advancements in CLM technologies in Germany.
Major market players included in this report are:
CLM Matrix
IBM Emptoris
Icertis
SAP
BravoSolution
Contracked
Contract Logix
Coupa Software
Determine
Easy Software
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment Model:
Cloud-based
On-premise
By CLM Offerings:
Licensing and Subscription
Services
By Enterprise Size:
Large
Small & Medium
By Industry:
Automotive
Electrical & Electronics
Pharmaceutical
Retail and E-commerce
Manufacturing
BFSI
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Contract Lifecycle Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Contract Lifecycle Management Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Contract Lifecycle Management Market, by Deployment Model, 2020-2028 (USD Million)
- 1.2.3. Contract Lifecycle Management Market, by CLM Offerings, 2020-2028 (USD Million)
- 1.2.4. Contract Lifecycle Management Market, by Enterprise Size, 2020-2028 (USD Million)
- 1.2.5. Contract Lifecycle Management Market, by Industry, 2020-2028 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Contract Lifecycle Management Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Contract Lifecycle Management Market Dynamics
- 3.1. Contract Lifecycle Management Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Evolving easy-to-use & convenient Interface systems
- 3.1.1.2. Rapid Globalization
- 3.1.1.3. Decreases risk during the time of documentation
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of skilled users
- 3.1.2.2. Back Filing
- 3.1.3. Market Opportunities
- 3.1.3.1. Emerging Applications
Chapter 4. Global Contract Lifecycle Management Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Contract Lifecycle Management Market, by Deployment Model
- 6.1. Market Snapshot
- 6.2. Global Contract Lifecycle Management Market by Deployment Model, Performance - Potential Analysis
- 6.3. Global Contract Lifecycle Management Market Estimates & Forecasts by Deployment Model, 2019-2028 (USD Million)
- 6.4. Contract Lifecycle Management Market, Sub Segment Analysis
- 6.4.1. Cloud-based
- 6.4.2. On-premises
Chapter 7. Global Contract Lifecycle Management Market, by CLM Offerings
- 7.1. Market Snapshot
- 7.2. Global Contract Lifecycle Management Market by CLM Offerings, Performance - Potential Analysis
- 7.3. Global Contract Lifecycle Management Market Estimates & Forecasts by CLM Offerings, 2019-2028 (USD Million)
- 7.4. Contract Lifecycle Management Market, Sub Segment Analysis
- 7.4.1. Licensing and Subscription
- 7.4.2. Services
Chapter 8. Global Contract Lifecycle Management Market, by Enterprise Size
- 8.1. Market Snapshot
- 8.2. Global Contract Lifecycle Management Market by Enterprise Size, Performance - Potential Analysis
- 8.3. Global Contract Lifecycle Management Market Estimates & Forecasts by Enterprise Size, 2019-2028 (USD Million)
- 8.4. Contract Lifecycle Management Market, Sub Segment Analysis
- 8.4.1. Large
- 8.4.2. Small & Medium
Chapter 9. Global Contract Lifecycle Management Market, by Industry
- 9.1. Market Snapshot
- 9.2. Global Contract Lifecycle Management Market by Industry, Performance - Potential Analysis
- 9.3. Global Contract Lifecycle Management Market Estimates & Forecasts by Industry, 2019-2028 (USD Million)
- 9.4. Contract Lifecycle Management Market, Sub Segment Analysis
- 9.4.1. Automotive
- 9.4.2. Electrical & Electronics
- 9.4.3. Pharmaceutical
- 9.4.4. Retail and E-commerce
- 9.4.5. Manufacturing
- 9.4.6. BFSI
- 9.4.7. Others
Chapter 10. Global Contract Lifecycle Management Market, Regional Analysis
- 10.1. Contract Lifecycle Management Market, Regional Market Snapshot
- 10.2. North America Contract Lifecycle Management Market
- 10.2.1. U.S. Contract Lifecycle Management Market
- 10.2.1.1. Deployment Model breakdown estimates & forecasts, 2019-2028
- 10.2.1.2. CLM Offerings breakdown estimates & forecasts, 2019-2028
- 10.2.1.3. Enterprise Size breakdown estimates & forecasts, 2019-2028
- 10.2.1.4. Industry breakdown estimates & forecasts, 2019-2028
- 10.2.2. Canada Contract Lifecycle Management Market
- 10.3. Europe Contract Lifecycle Management Market Snapshot
- 10.3.1. U.K. Contract Lifecycle Management Market
- 10.3.2. Germany Contract Lifecycle Management Market
- 10.3.3. France Contract Lifecycle Management Market
- 10.3.4. Spain Contract Lifecycle Management Market
- 10.3.5. Italy Contract Lifecycle Management Market
- 10.3.6. Rest of Europe Contract Lifecycle Management Market
- 10.4. Asia-Pacific Contract Lifecycle Management Market Snapshot
- 10.4.1. China Contract Lifecycle Management Market
- 10.4.2. India Contract Lifecycle Management Market
- 10.4.3. Japan Contract Lifecycle Management Market
- 10.4.4. Australia Contract Lifecycle Management Market
- 10.4.5. South Korea Contract Lifecycle Management Market
- 10.4.6. Rest of Asia Pacific Contract Lifecycle Management Market
- 10.5. Latin America Contract Lifecycle Management Market Snapshot
- 10.5.1. Brazil Contract Lifecycle Management Market
- 10.5.2. Mexico Contract Lifecycle Management Market
- 10.6. Rest of The World Contract Lifecycle Management Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1 CLM MATRIX
- 11.2.1.1 Key Information
- 11.2.1.2 Overview
- 11.2.1.3 Financial (Subject to Data Availability)
- 11.2.1.4 Product Summary
- 11.2.1.5 Recent Developments
- 11.2.2 IBM EMPTORIS
- 11.2.3 ICERTIS
- 11.2.4 SAP
- 11.2.5 BRAVOSOLUTION
- 11.2.6 CONTRACKED
- 11.2.7 CONTRACT LOGIX
- 11.2.8 COUPA SOFTWARE
- 11.2.9 DETERMINE
- 11.2.10 EASY SOFTWARE
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1.1. Data Mining
- 12.1.1.2. Analysis
- 12.1.1.3. Market Evolution
- 12.1.1.4. Validation
- 12.1.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption