Contract Lifecycle Management Software Market Size, Share, Report, Growth, Analysis, Price, Trends, Key Players and Forecast Period 2022-2027

emr
November 17, 2022 0 Comments

The new report by Expert Market Research titled, ‘Global Contract Lifecycle Management Software Market Size Report and Forecast 2022-2027’, gives an in-depth analysis of the global contract lifecycle management software market, assessing the market based on its segments like deployment models, CLM offerings, enterprise size, industries, and major regions.

Contract Lifecycle Management Software Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/contract-lifecycle-management-software-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 16.9%
Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2020
Market Size in 2020USD 1.50 billion
Revenue Forecast in 2026USD 3.84 billion
Growth Rate CAGR16.9%
Major PlayersSAP SE, DocuSign, Coupa Software Inc., Agiloft Inc., Icertis among others

There is an increasing application of contract lifecycle management software in the BFSI sector. This is owing to the rapid digital transformation in banks, increasing penetration of AI and automation in financial institutions, and growing concerns about the risk of cheating caused by manual handling of contracts. These factors are driving the contract lifecycle management software market growth.

In addition, contract lifecycle management software brings visibility to contracts, which saves time and bolsters the security of clients, thereby, augmenting the reputation of the firm. This factor is anticipated to propel the contract lifecycle management software market growth in the forecast period.

Geographically, North America accounts for a significant share in the market owing to the strong foothold of major cloud-based technology providers.

Contract Lifecycle Management Software Industry Definition and Major Segments

Contract lifecycle management software refers to a type of software which is used by businesses to gain control of contracts of the company, and to reduce the manual work. With this software, a business can create, negotiate, sign, renew, or analyse a contract in order to avoid fraud or discrepancies.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/contract-lifecycle-management-software-market

On the basis of deployment model, the market can be segmented into:

  • Cloud-Based
  • On-Premises

The market can be bifurcated based on CLM offerings into:

  • Licensing and Subscription
  • Services

On the basis of enterprise size, the market is segmented into:

  • Large Enterprise
  • Small and Medium Enterprise

The market can be broadly categorised based on industry into:

  • Automotive
  • Electrical and Electronics
  • Pharmaceutical
  • Retail and E-commerce
  • Manufacturing
  • BFSI
  • Others

The regional markets for contract lifecycle management software include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Contract Lifecycle Management Software Market Trends

The key trends in the contract lifecycle management software market include the technological advancements and increasing investments by various industries such as automotive, and manufacturing, towards automation, in order to enhance the profitability of the business.

Meanwhile, industries such as pharmaceuticals, frequently deal with healthcare professionals, suppliers, and directly influence the health of the public. Hence, this industry is anticipated to witness a surge in the demand for contract lifecycle management software in the coming years.

Moreover, the increasing adoption of cloud-based contract software by the medium and large enterprises is likely to be a crucial trend in the market.

Key Market Players

The major players in the contract lifecycle management software market are SAP SE, DocuSign, Coupa Software Inc., Agiloft Inc., and Icertis, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Read More Reports:

Video Analytics Market: https://www.expertmarketresearch.com/reports/video-analytics-market

Weight Management Market: https://www.expertmarketresearch.com/reports/weight-management-market

Wireless Charging Market: https://www.expertmarketresearch.com/reports/wireless-charging-market

In-Vitro Diagnostics Market: https://www.expertmarketresearch.com/reports/in-vitro-diagnostics-market

Electric Vehicles Manufacturers: https://www.expertmarketresearch.com/articles/top-electric-vehicles-companies-manufacturers

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Ian Bell, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

Leave a Reply

Your email address will not be published. Required fields are marked *