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CLM（契約ライフサイクル管理）ソフトウェア市場レポート：展開モデル別、CLM提供別、企業規模別、産業別、地域別、2024-2032年

Contract Lifecycle Management Software Market Report by Deployment Model, CLM Offerings, Enterprise Size, Industry, and Region 2024-2032
出版日: | 発行: IMARC | ページ情報: 英文 144 Pages | 納期: 2～3営業日

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CLM（契約ライフサイクル管理）ソフトウェア市場レポート：展開モデル別、CLM提供別、企業規模別、産業別、地域別、2024-2032年
出版日: 2024年01月30日
発行: IMARC
ページ情報: 英文 144 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のCLM（契約ライフサイクル管理）ソフトウェア市場規模は、2023年に21億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに52億米ドルに達し、2024年から2032年の間に10.1％の成長率（CAGR）を示すと予測しています。同市場は、複数の利害関係者、変数、依存関係を伴う複雑な文書のような契約の複雑化、生産性向上とコスト削減のための契約関連業務の合理化への注目の高まりによって、着実な成長を遂げています。

CLMソフトウェア市場分析：

市場の成長と規模法規制の変更により契約が複雑化し、法的リスクの軽減に注目が集まっていることから、市場は力強い成長を遂げています。

技術の進歩：人工知能（AI）や機械学習（ML）のような先進技術をCLMソフトウェアに統合することで、契約分析を自動化し、意思決定を改善することが市場の成長を促進しています。

産業別アプリケーション：CLMソフトウェアは、ヘルスケア、金融、製造など、さまざまな業界で応用されています。さらに、業界特有のソリューションが独自のニーズに対応し、業界特有の規制へのコンプライアンスを保証します。

地域別動向：北米は、データプライバシーへの関心の高まりに牽引され、市場をリードしています。しかし、アジア太平洋地域は、数多くのCLMソフトウェアプロバイダーの存在により、急成長市場として浮上しています。

競合情勢：主要企業は、機能、特徴、ユーザーエクスペリエンスを強化することで、CLMソフトウェアの改善に注力しています。また、人工知能（AI）や機械学習（ML）などの技術を活用して契約分析を自動化し、価値ある洞察を提供しています。

課題と機会：同市場は、データセキュリティへの懸念などの課題に直面する一方で、幅広い業界におけるCLMソフトウェアの統合という機会にも遭遇しています。

将来の展望：CLMソフトウェア市場の将来は、データ主導の意思決定に対するニーズの高まりとともに、有望視されています。また、効率性の維持に注目が集まっていることも、市場の成長を後押しすると予測されます。

CLMソフトウェア市場の動向：

契約の複雑化

組織における契約の複雑化に伴い、CLMソフトウェアに対する需要が高まっていることは、市場の見通しを明るいものにしています。これに伴い、契約は単純な合意から、複数の利害関係者、変数、依存関係を含む複雑な文書へと進化しています。この複雑さは、世界化、多様な製品提供、ダイナミックな規制環境などの要因に起因しています。さらに、CLMソフトウェアは、契約書の作成、追跡、モニタリングのための一元化されたプラットフォームを提供することによって、これらの複雑な契約を管理する上で極めて重要な役割を果たしています。CLMソフトウェアは、契約テンプレートの標準化、一貫した言語の確保、承認プロセスの自動化に役立ち、市場の成長を後押ししています。これとは別に、CMLソフトウェアは、組織が法的要件とビジネス要件を契約に容易に統合することを可能にし、誤解や紛争のリスクを軽減するのに役立ちます。さらに、CLMソフトウェアは業務を合理化するだけでなく、透明性と説明責任も強化するため、複雑な最新の契約をナビゲートしようとする企業にとって貴重なツールとなっています。

規制コンプライアンス

法規制遵守のためにCLMソフトウェアの採用が増加していることが、市場の成長に寄与しています。これに伴い、世界中の業界は、データプライバシー法から業界固有の規制に至るまで、進化し続ける規制や基準の情勢に直面しています。さらに、CLMソフトウェアは、自動コンプライアンス・チェック、バージョン管理、監査証跡などの機能を提供することで、組織がこれらの規制を遵守するのを支援します。さらに、契約書が法的要件を満たし、法律や規制の変更を反映して更新されていることを保証します。これは、コストのかかる法的処罰を回避し、倫理的で責任ある慣行に対する評判を維持するために極めて重要です。これとは別に、CLMソフトウェアは、コンプライアンス報告の複雑なタスクを簡素化しながら、規制当局にコンプライアンスを証明するために必要なレポートや文書の作成を支援します。さらに、CLMソフトウェアは、すべての契約の一元的なリポジトリを提供し、組織が契約上の義務を監視・管理することを容易にします。

契約関連業務の合理化への注目の高まり

組織におけるコスト削減への関心の高まりが、市場の成長を支えています。これとは別に、手作業による契約管理プロセスには、膨大な事務処理、手作業によるデータ入力、人的ミスが含まれるため、リソースが集中し、非効率になりやすいです。一方、CLMソフトウェアは、契約関連タスクの合理化、ワークフローの自動化、手作業による介入の必要性の低減という点でメリットがあります。これにより、管理オーバーヘッドを削減し、ミスを最小限に抑え、契約ライフサイクルをスピードアップすることで、大幅なコスト削減を支援します。これに伴い、CLMソフトウェアは、サプライヤーとの条件の再交渉や価格構造の最適化など、契約内のコスト削減の機会を特定することができます。さらに、CLMソフトウェアの導入による投資収益率（ROI）は、多くの場合、かなりのものであり、効果的な契約管理を目指す組織にとって魅力的なソリューションとなっています。さらに、CLMソフトウェアによる契約関連業務の合理化が注目されるようになったことで、企業は生産性を向上させ、より競合環境のために契約管理プロセスを最適化することができるようになり、市場の成長を後押ししています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 CLMソフトウェアの世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場内訳：展開モデル別
  • 市場内訳：CLM提供別
  • 市場内訳：企業規模別
  • 市場内訳：産業別
  • 市場内訳：地域別
  • 市場予測

第6章 市場内訳：展開モデル別

  • クラウドベース
    • 市場動向
    • 市場予測
  • オンプレミス
    • 市場動向
    • 市場予測

第7章 市場内訳：CLM提供別

  • ライセンシングとサブスクリプション
    • 市場動向
    • 市場予測
  • サービス
    • 市場動向
    • 市場予測

第8章 市場内訳：企業規模別

  • 大企業
    • 市場動向
    • 市場予測
  • 中小企業
    • 市場動向
    • 市場予測

第9章 市場内訳：産業別

  • 自動車
    • 市場動向
    • 市場予測
  • 電気・電子
    • 市場動向
    • 市場予測
  • 医薬品
    • 市場動向
    • 市場予測
  • 小売・eコマース
    • 市場動向
    • 市場予測
  • 製造
    • 市場動向
    • 市場予測
  • BFSI
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第10章 市場内訳：地域別

  • 北米
    • 市場動向
    • 市場予測
  • 欧州
    • 市場動向
    • 市場予測
  • アジア太平洋
    • 市場動向
    • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場予測
  • ラテンアメリカ
    • 市場動向
    • 市場予測

第11章 世界のCLMソフトウェア産業：SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 世界のCLMソフトウェア産業：バリューチェーン分析

第13章 世界のCLMソフトウェア産業：ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 世界のCLMソフトウェア産業：価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Wolters Kluwer N.V.
    • IBM Corporation
    • Icertis, Inc.
    • SAP SE
    • BravoSolution SPA
    • Contracked BV
    • Contract Logix, LLC
    • Coupa Software Inc
    • EASY SOFTWARE AG
    • ESM Solutions Corporation
    • Great Minds Software, Inc.
    • Koch Industries, Inc.
    • Ivalua Inc
    • Optimus BT
    • Oracle Corporation
    • Symfact AG
    • DocuSign, Inc
    • Newgen Software Technologies Limited
    • Zycus Infotech Private Limited
    • Corcentric LLC（Determine）
図表

List of Figures

  • Figure 1: Global: Contract Lifecycle Management Software Market: Major Drivers and Challenges
  • Figure 2: Global: Contract Lifecycle Management Software Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Contract Lifecycle Management Software Market: Breakup by Deployment Model (in %), 2023
  • Figure 4: Global: Contract Lifecycle Management Software Market: Breakup by CLM Offerings (in %), 2023
  • Figure 5: Global: Contract Lifecycle Management Software Market: Breakup by Enterprise Size (in %), 2023
  • Figure 6: Global: Contract Lifecycle Management Software Market: Breakup by Industry (in %), 2023
  • Figure 7: Global: Contract Lifecycle Management Software Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Contract Lifecycle Management Software Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 9: Global: Contract Lifecycle Management Software Industry: SWOT Analysis
  • Figure 10: Global: Contract Lifecycle Management Software Industry: Value Chain Analysis
  • Figure 11: Global: Contract Lifecycle Management Software Industry: Porter's Five Forces Analysis
  • Figure 12: Global: Contract Lifecycle Management Software (Cloud-Based) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Contract Lifecycle Management Software (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Contract Lifecycle Management Software (On-Premises) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Contract Lifecycle Management Software (On-Premises) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Contract Lifecycle Management Software (Licensing and Subscription) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Contract Lifecycle Management Software (Licensing and Subscription) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Contract Lifecycle Management Software (Services) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Contract Lifecycle Management Software (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Contract Lifecycle Management Software (Large Enterprise) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Contract Lifecycle Management Software (Large Enterprise) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Contract Lifecycle Management Software (Small and Medium Enterprise) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Contract Lifecycle Management Software (Small and Medium Enterprise) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Contract Lifecycle Management Software (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Contract Lifecycle Management Software (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Contract Lifecycle Management Software (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Contract Lifecycle Management Software (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Contract Lifecycle Management Software (Pharmaceutical) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Contract Lifecycle Management Software (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Contract Lifecycle Management Software (Retail and E-commerce) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Contract Lifecycle Management Software (Retail and E-commerce) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Global: Contract Lifecycle Management Software (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Global: Contract Lifecycle Management Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Global: Contract Lifecycle Management Software (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Global: Contract Lifecycle Management Software (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Global: Contract Lifecycle Management Software (Others) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Global: Contract Lifecycle Management Software (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: North America: Contract Lifecycle Management Software Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: North America: Contract Lifecycle Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Europe: Contract Lifecycle Management Software Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Europe: Contract Lifecycle Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Asia Pacific: Contract Lifecycle Management Software Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Asia Pacific: Contract Lifecycle Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Middle East and Africa: Contract Lifecycle Management Software Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Middle East and Africa: Contract Lifecycle Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Latin America: Contract Lifecycle Management Software Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Latin America: Contract Lifecycle Management Software Market Forecast: Sales Value (in Million US$), 2024-2032

List of Tables

  • Table 1: Global: Contract Lifecycle Management Software Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Contract Lifecycle Management Software Market Forecast: Breakup by Deployment Model (in Million US$), 2024-2032
  • Table 3: Global: Contract Lifecycle Management Software Market Forecast: Breakup by CLM Offerings (in Million US$), 2024-2032
  • Table 4: Global: Contract Lifecycle Management Software Market Forecast: Breakup by Enterprise Size (in Million US$), 2024-2032
  • Table 5: Global: Contract Lifecycle Management Software Market Forecast: Breakup by Industry (in Million US$), 2024-2032
  • Table 6: Global: Contract Lifecycle Management Software Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: Contract Lifecycle Management Software Market Structure
  • Table 8: Global: Contract Lifecycle Management Software Market: Key Players
目次
Product Code: SR112024A1177

Abstract

The global contract lifecycle management software market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2024-2032. The market is experiencing steady growth driven by the rising complexity of contracts like intricate documents with multiple stakeholders, variables, and dependencies and increasing focus on streamlining contract-related tasks to enhance productivity and save costs.

Contract Lifecycle Management Software Market Analysis:

Market Growth and Size: The market is witnessing strong growth on account of the increasing complexity in contracts due to regulatory changes, along with rising focus on mitigating legal risks.

Technological Advancements: The integration of advanced technologies like artificial intelligence (AI) and machine learning (ML) in contract lifecycle management (CLM) software to automate contract analysis and improve decision-making are facilitating market growth.

Industry Applications: CLM software finds applications across various industries, including healthcare, finance, and manufacturing. Moreover, industry-specific solutions cater to unique needs, ensuring compliance with sector-specific regulations.

Geographical Trends: North America leads the market, driven by the increasing focus on data privacy. However, Asia Pacific is emerging as a fast-growing market due to the presence of numerous CLM software providers.

Competitive Landscape: Key players are focusing on improving CLM software by enhancing features, functionality, and user experience. They are also leveraging technologies like artificial intelligence (AI) and machine learning (ML) to automate contract analysis and provide valuable insights.

Challenges and Opportunities: While the market faces challenges, such as data security concerns, it also encounters opportunities in the integration of CLM software in a wide range of industries.

Future Outlook: The future of the contract lifecycle management software market looks promising, with the increasing need for data-driven decision-making. In addition, the rising focus on maintaining efficiency is projected to bolster the market growth.

Contract Lifecycle Management Software Market Trends:

Increasing complexity of contracts

The growing demand for CLM software on account of the rising complexity of contracts in organizations is offering a positive market outlook. In line with this, contracts are evolving from simple agreements to intricate documents with multiple stakeholders, variables, and dependencies. This complexity can be attributed to factors, such as globalization, diverse product offerings, and dynamic regulatory environments. Moreover, CLM software plays a pivotal role in managing these complex contracts by providing a centralized platform for creating, tracking, and monitoring agreements. It helps in standardizing contract templates, ensuring consistent language, and automating the approval process, which is impelling the market growth. Apart from this, CML software enables organizations to easily integrate legal and business requirements into contracts that assist in reducing the risk of misunderstandings and disputes. Furthermore, CLM software not only streamlines operations but also enhances transparency and accountability, which makes it a valuable tool for companies looking to navigate intricate modern contracts.

Regulatory compliance

The rising adoption of CLM software due to regulatory compliance is contributing to the growth of the market. In line with this, industries across the globe are facing an ever-evolving landscape of regulations and standards, ranging from data privacy laws to industry-specific regulations. Moreover, CLM software assists organizations in adhering to these regulations by providing features, such as automated compliance checks, version control, and audit trails. In addition, it ensures that contracts meet legal requirements and are updated to reflect changes in laws and regulations. This is crucial for avoiding costly legal penalties and maintaining a reputation for ethical and responsible practices. Apart from this, CLM software assists in generating reports and documentation needed to demonstrate compliance to regulatory authorities while simplifying the complex task of compliance reporting. Furthermore, CLM software provides a centralized repository for all contracts, which makes it easier for organizations to monitor and manage their contractual obligations.

Rising focus on streamlining contract-related tasks

The increasing focus on cost-savings in organizations is supporting the growth of the market. Apart from this, manual contract management processes involve extensive paperwork, manual data entry, and human errors, that can be resource-intensive and prone to inefficiencies. On the other hand, CLM software benefits in streamlining contract-related tasks, automating workflows, and reducing the need for manual intervention. This assists in significant cost savings by lowering administrative overhead, minimizing errors, and speeding up contract lifecycles. In line with this, CLM software can identify cost-saving opportunities within contracts, such as renegotiating terms with suppliers or optimizing pricing structures. Furthermore, the return on investment (ROI) of implementing CLM software is often substantial, making it an attractive solution for organizations looking to ensure effective contract management. Moreover, the rising focus on streamlining contract-related tasks through CLM software empowers organizations to enhance productivity and optimize their contract management processes for a more competitive environment is impelling the market growth.

Contract Lifecycle Management Software Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on deployment model, CLM offerings, enterprise size, and industry.

Breakup by Deployment Model:

Cloud-Based

On-Premises

Cloud-based accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the deployment model. This includes cloud-based and on-premises. According to the report, cloud-based represented the largest segment.

Cloud-based CLM solutions offer improved flexibility, scalability, and accessibility from anywhere with an internet connection. These solutions are increasingly adopted by small and medium-sized enterprises (SMEs) seeking cost-effective and subscription-based models. The cloud-based deployment offers easier updates and maintenance, reducing information technology (IT) overhead for organizations.

On-premises CLM solutions are preferred by large enterprises and industries with strict data security and compliance requirements. They provide organizations with complete control over their data and infrastructure, appealing to those concerned about data privacy and regulatory compliance.

Breakup by CLM Offerings:

Licensing and Subscription

Services

Licensing and subscription hold the largest market share

A detailed breakup and analysis of the market based on the CLM offerings have also been provided in the report. This includes licensing and subscription and services. According to the report, licensing and subscription accounted for the largest market share.

Licensing and subscription involve legal permissions granted to use software or services, often outlined in contracts. They also include regular payments for access to these resources. In addition, effective CLM ensures that organizations can manage their licensing and subscription agreements efficiently and promote transparency and accountability in contractual relationships.

Services in the CLM encompass various professional services offered by vendors and third-party providers to assist organizations in implementing, customizing, and maintaining CLM solutions. These services include implementation services, consulting services, training and support services, and integration services. Additionally, implementation services involve the setup and configuration of the CLM software to meet specific requirements of companies. Consulting services provide expertise on suitable practices in contract management and help organizations optimize their processes. Training and support services offer training sessions and ongoing technical support to ensure that users can effectively utilize the CLM software.

Breakup by Enterprise Size:

Large Enterprise

Small and Medium Enterprise

Large enterprise represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the enterprise size. This includes large enterprise and small and medium enterprise. According to the report, large enterprise represented the largest segment.

Large enterprise is characterized by significant resources, extensive operations, and a substantial number of employees. It usually requires advanced and feature-rich CLM solutions to manage a high volume of contracts, complex agreements, and compliance requirements. Large enterprise prioritizes scalability, integration capabilities with other enterprise systems like enterprise resource planning (ERP) and customer relationship management (CRM), and customization options in their CLM software choices.

Small and medium enterprise encompasses a wide range of businesses with fewer employees and resources as compared to large enterprises. Cloud-based CLM offerings, with their affordability and scalability, have made it more accessible for SMEs to implement contract management solutions. SMEs are seeking user-friendly and cost-effective CLM software that helps streamline contract processes, reduce manual work, and improve efficiency.

Breakup by Industry:

Automotive

Electrical and Electronics

Pharmaceutical

Retail and E-commerce

Manufacturing

BFSI

Others

Manufacturing exhibits a clear dominance in the market

The report has provided a detailed breakup and analysis of the market based on the industry. This includes automotive, electrical and electronics, pharmaceutical, retail and e-commerce, manufacturing, BFSI, and others. According to the report, manufacturing represented the largest segment.

The manufacturing industry is rapidly adopting CLM software due to its complex supply chain and procurement needs. In addition, manufacturing companies are using CLM solutions to manage supplier contracts, track compliance, and optimize procurement processes.

The automotive sector relies on CLM software to manage contracts with suppliers, distributors, and dealerships. Besides this, CLM solutions assist in ensuring compliance with industry-specific regulations, handling warranty and service agreements, and streamlining contract-related operations.

The electrical and electronics industry utilizes CLM software to manage contracts with suppliers for components and raw materials. These software solutions help in tracking product specifications, quality standards, and supply chain agreements.

The pharmaceutical sector faces strict regulatory requirements, making CLM software essential for managing compliance in research, development, and supplier contracts. CLM solutions enable pharmaceutical companies to monitor and enforce regulatory obligations while ensuring data privacy and security.

Retail and e-commerce companies utilize CLM software to manage contracts with vendors, suppliers, and service providers. In line with this, CLM solutions help in negotiating favorable terms, tracking vendor performance, and ensuring compliance with pricing and delivery agreements.

BFSI sector leverages CLM software to manage a wide range of contracts, including those with individuals, partners, and regulatory authorities. CLM solutions in this industry help mitigate risks, ensure legal compliance, and streamline complex financial agreements.

Breakup by Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

North America leads the market, accounting for the largest contract lifecycle management software market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market share due to the presence of large enterprises across various industries that require advanced CLM solutions to manage their complex contract portfolios effectively. In addition, the rising focus on data privacy, along with stringent regulatory compliance, is bolstering the growth of the market. Furthermore, the increasing adoption of cloud-based CLM offerings, as they offer improved scalability and accessibility, is impelling the market growth.

Europe maintains a strong presence in the market, with the escalating demand for CLM solutions to streamline complex contract processes, manage regulatory compliance, and enhance operational efficiency. Besides this, stringent regulations, such as data protection laws and industry-specific compliance requirements, are supporting the growth of the market.

Asia Pacific stands as another key region in the market on account of the presence of numerous CLM software providers, both established companies and innovative startups. In line with this, the growing demand for CLM solutions to automate contract processes, enhance transparency, and support remote collaboration is offering a positive market outlook.

The Middle East and Africa region shows a developing market for contract lifecycle management software, primarily driven by rising preferences for cloud-based CLM offerings, as they provide scalability, real-time collaboration, and remote accessibility. Furthermore, the increasing development of advanced CLM solutions is propelling the market growth in the region.

Latin America exhibits growing potential in the contract lifecycle management software market on account of the well-established business sectors. In line with this, rapid digitalization is contributing to the growth of the market in the region.

Leading Key Players in the Contract Lifecycle Management Software Industry:

Key players are focusing on improving CLM software by enhancing features, functionality, and user experience. They are leveraging technologies like artificial intelligence (AI) and machine learning (ML) to automate contract analysis and provide valuable insights. Apart from this, companies are developing cloud-based CLM solutions to offer scalability, flexibility, and remote access capabilities, catering to the evolving needs of organizations, including those adopting remote work arrangements. They are also developing industry-specific CLM solutions tailored to the unique needs and compliance requirements of several sectors. In addition, major companies are designing user-friendly interfaces and providing training resources to encourage user adoption.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Wolters Kluwer N.V.

IBM Corporation

Icertis, Inc.

SAP SE

BravoSolution SPA

Contracked BV

Contract Logix, LLC

Coupa Software Inc

EASY SOFTWARE AG

ESM Solutions Corporation

Great Minds Software, Inc.

Koch Industries, Inc.

Ivalua Inc

Optimus BT

Oracle Corporation

Symfact AG

DocuSign, Inc

Newgen Software Technologies Limited

Zycus Infotech Private Limited

Corcentric LLC (Determine)

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

October 12, 2022: Icertis, Inc., the contract intelligence company launched Icertis Contract Intelligence (ICI) for banking and financial services. The CLM solution offers a wide range of contract types, rules to identify obligations, and workflow and reporting to support specific challenges in business processes across front, middle, and corporate offices of banking and financial services organizations.

October, 2023: IBM Corporation collaborated with Sirion, a leader in AI-powered contract lifecycle management (CLM), to embed IBM watsonx to redefine CLM for enterprises. IBM will also deploy Sirion CLM to help streamline its own order-to-cash (O2C) and source-to-pay (S2P) processes.

January 25, 2022: SAP SE and Icertis announced an expanded partnership for enhanced contract management to help companies increase efficiency, minimize risk, and realize the full intent of their agreements. The partnership, which includes a financial investment from SAP in Icertis, will lead to a joint product road map and deeper technological integration to deliver enterprise-wide value, including faster negotiations, greater compliance, and AI-powered business insights and automation.

Key Questions Answered in This Report

  • 1. What is the size of the global Contract Lifecycle Management (CLM) software market in 2023?
  • 2. What is the expected growth rate of the global Contract Lifecycle Management (CLM) software market during 2024-2032?
  • 3. What are the key factors driving the global Contract Lifecycle Management (CLM) software market?
  • 4. What has been the impact of COVID-19 on the global Contract Lifecycle Management (CLM) software market?
  • 5. What is the breakup of the global Contract Lifecycle Management (CLM) software market based on the deployment model?
  • 6. What is the breakup of the global Contract Lifecycle Management (CLM) software market based on the CLM offerings?
  • 7. What is the breakup of the global Contract Lifecycle Management (CLM) software market based on the enterprise size?
  • 8. What is the breakup of the global Contract Lifecycle Management (CLM) software market based on the industry?
  • 9. What are the key regions in the global Contract Lifecycle Management (CLM) software market?
  • 10. Who are the key players/companies in the global Contract Lifecycle Management (CLM) software market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Contract Lifecycle Management Software Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Deployment Model
  • 5.5 Market Breakup by CLM Offerings
  • 5.6 Market Breakup by Enterprise Size
  • 5.7 Market Breakup by Industry
  • 5.8 Market Breakup by Region
  • 5.9 Market Forecast

6 Market Breakup by Deployment Model

  • 6.1 Cloud-Based
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 On-Premises
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by CLM Offerings

  • 7.1 Licensing and Subscription
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Services
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Enterprise Size

  • 8.1 Large Enterprise
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Small and Medium Enterprise
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Industry

  • 9.1 Automotive
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Electrical and Electronics
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Pharmaceutical
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Retail and E-commerce
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Manufacturing
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 BFSI
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast
  • 9.7 Others
    • 9.7.1 Market Trends
    • 9.7.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Europe
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Asia Pacific
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Middle East and Africa
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast
  • 10.5 Latin America
    • 10.5.1 Market Trends
    • 10.5.2 Market Forecast

11 Global Contract Lifecycle Management Software Industry: SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Global Contract Lifecycle Management Software Industry: Value Chain Analysis

13 Global Contract Lifecycle Management Software Industry: Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Global Contract Lifecycle Management Software Industry: Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Wolters Kluwer N.V.
    • 15.3.2 IBM Corporation
    • 15.3.3 Icertis, Inc.
    • 15.3.4 SAP SE
    • 15.3.5 BravoSolution SPA
    • 15.3.6 Contracked BV
    • 15.3.7 Contract Logix, LLC
    • 15.3.8 Coupa Software Inc
    • 15.3.9 EASY SOFTWARE AG
    • 15.3.10 ESM Solutions Corporation
    • 15.3.11 Great Minds Software, Inc.
    • 15.3.12 Koch Industries, Inc.
    • 15.3.13 Ivalua Inc
    • 15.3.14 Optimus BT
    • 15.3.15 Oracle Corporation
    • 15.3.16 Symfact AG
    • 15.3.17 DocuSign, Inc
    • 15.3.18 Newgen Software Technologies Limited
    • 15.3.19 Zycus Infotech Private Limited
    • 15.3.20 Corcentric LLC (Determine)