According to the Regional Research Reports, the global Contract Lifecycle Management (CLM) Software market size was valued at USD 1.6 billion in 2021 and is estimated to grow to reach over USD 4.5 billion by 2030 at a CAGR of 11.6% over the forecast period (2022-2030).
Market Definition
CLM software is used to automate the entire contract lifecycle process, from pre-signing to post-signing. Unlike contract management software, CLM software assists users with post-signature (or post-execution) actions such as obligation tracking, performance and compliance management, and dispute resolutions. By centrally storing all obligation terms and communications, this type of software helps businesses ensure that all internal and external parties understand and fulfil their contractual obligations. CLM software also provides visibility into contract performance and risk mitigation for non-compliance.
Contract Lifecycle Management (CLM) Software Market Pricing
The Contract Lifecycle Management (CLM) Software pricing ranges from USD 118 to USD 875. The pricing depends on the features and specifications integrated into the software. Some features of CLM software are contract creation and templates, contract editing, contract database, notifications and reminders, advance contract analytics, report and dashboards, and many more.
Market Scope
The research report on the Contract Lifecycle Management (CLM) Software market provides a detailed analysis of the current market trends and future estimations to elucidate the imminent investment pockets. Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided. Porter's five forces analysis illuminates the potency of suppliers and buyers operating in the market. The quantitative analysis of the Contract Lifecycle Management (CLM) Software market from 2022 to 2030 determines the market potential.
This report also contains the market size, untapped opportunity index, and forecasts of Contract Lifecycle Management (CLM) Software in the global market, including the following market information:
- Global Contract Lifecycle Management (CLM) Software Market Revenue, 2018-2021, 2022-2030, (USD Millions)
- Global Contract Lifecycle Management (CLM) Software Market Sales, 2018-2021, 2022-2030, (Units)
- Global top five Contract Lifecycle Management (CLM) Software companies in 2021 (%)
Regional Research Reports has surveyed the Contract Lifecycle Management (CLM) Software manufacturers, suppliers, distributors, and industry experts in this end-use Industry, involving the consumption, production, revenue generators, demand-side, supply-side, price change, product type analysis, recent development and strategies, industry trends, drivers, challenges, obstacles, and potential risks.
Contract Lifecycle Management (CLM) Software Market Segmentation
Global Contract Lifecycle Management (CLM) Software Market, By Deployment Model, 2022-2030
- On-Premise
- Cloud
- Hybrid
Global Contract Lifecycle Management (CLM) Software Market, By Component, 2022-2030
- Solution
- Services
Global Contract Lifecycle Management (CLM) Software Market, By End User, 2022-2030
- Small Business
- Mid Market
- Enterprise
Global Contract Lifecycle Management (CLM) Software Market, By Industry, 2022-2030
- BFSI
- Healthcare
- Energy & Utility
- IT & Telecommunication
- Retail & E-commerce
- Manufacturing
- Government & Defense
- Media & Entertainment
- Others
Global Contract Lifecycle Management (CLM) Software Market, By Region and Country, 2022-2030
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- The U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Analysis of leading market companies and participants, including:
- Key companies Contract Lifecycle Management (CLM) Software revenues in the global market, 2018-2021 (Estimated), (USD Millions)
- Key companies Contract Lifecycle Management (CLM) Software revenues share in global market, 2021 (%)
- Key companies Contract Lifecycle Management (CLM) Software sales in the global market, 2018-2021 (Estimated), (MT)
- Key companies Contract Lifecycle Management (CLM) Software sales share in global market, 2021 (%)
Further, the report detailed out about the leading competitors in the market, namely:
- CLM Matrix
- Icertis
- IBM Emptoris
- SAP
- Contract Logix
- Coupa Software
- Determine
- BravoSolution
- Contracked
- Easy Software
- ESM Solutions
- Optimus BT
- Oracle
- Symfact
- Great Minds Software
- Infor
- Ivalua
- SpringCM
- Newgen Software
- Zycus
Effective parameters to invest in the market research reports?
- Get a clear understanding of the market's current and future in both established and emerging markets.
- Complete information on the entry-level research study consists of considerable information focusing on market size estimations, key players, development, and market trends.
- The report showcases a deep-dive segmental market analysis of all key geography and countries around the globe.
- The most recent developments and news within the market and statistics on the market leaders and their market share and techniques.
- Current, Historical, and forecasted market size from both value (USD million) and volume (units).
- 3-months of analyst support to understand the market objective, along with the market estimate sheet (in excel)
Key Insights for the Stakeholders in this market:
- What will the market forecast and the growth rate from 2022 to 2030?
- What are the key dynamics and trends of the market?
- What are the primary driving elements for market growth?
- What are the challenges and restraints developed for the market?
- Who are the leading companies with their market positioning share?
- How much can incremental dollar investment opportunities be witnessed in the market during the forecast period?
- Analysis of the market players and the market analysis through SWOT, PORTER's, and PESTEL study.
- Information on the key suppliers with the detailed analysis of their operations.
- Who are the leading raw material suppliers and buyers in the market?
