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Contract Lifecycle Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

$ 1999




The global contract lifecycle management software market was worth US$ 1.1 Billion in 2018. Contract lifecycle management (CLM) software assists in efficiently managing the complete process of a contract signed between two or more organizations. It comprises of eight vital steps: contract drafting, negotiation, approval, compliance and administration, repository, compliance optimization, retrieval, and renewal, amendments and disposition. CLM software ensures adherence to regulations, mitigates risks associated with a contract, protects an organization from incurring a penalty for non-compliance and enhances their decision-making process. Apart from this, it also helps the organization in forming alliances with other firms in order to expand their consumer base. As a result, the demand for CLM software is rising in the public, healthcare, manufacturing and financial service sectors across the globe. Looking forward, the market value is projected to reach US$ 2.4 Billion by 2024, growing at a CAGR of around 14% during 2019-2024.

Global Contract Lifecycle Management Software Market Drivers:

CLM software helps lawyers in retrieving similar contracts from the library for reference purposes which can be viewed virtually in formats like Microsoft Word, PowerPoint and Excel. This reduces the time to review and enables organizations to identify loopholes in their system. This software also offers efficiency and transparency in reporting mechanisms and management controls, and allows organizations to ensure compliance with acts implemented by governing authorities. Moreover, the emergence of cloud-based CLM software is driving the demand for this solution across various industries as it offers an easy-to-use interface, provides seamless integration with popular CLM systems, enables dynamic workflow approvals and significantly reduces overall costs. In addition to this, it helps enterprises minimize infrastructural investments related to contract management. Due to rapid globalization, the requirement for a collaborative approach in handling projects and joint ventures has gained immense significance as it leads to better contract visibility for the concerned parties. On account of this, organizations are initiating large-scale collaborations to cope with constant alterations in their businesses which is expected to create a positive outlook for the CLM market.

Market Summary:

  • Based on the deployment model, the market has been segmented into cloud-based and on-premises.
  • Based on the CLM offerings, the market has been segmented into licensing & subscription and services. Licensing & subscription currently accounts for the highest share.
  • Based on the enterprise size, the market has been segmented into large enterprise and small and medium enterprise.
  • Based on the industry, the market has been segmented into automotive, electrical and electronics, pharmaceutical, retail and e-commerce, manufacturing, BFSI and others.
  • Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined with some of the key players being CLM Matrix, IBM Emptoris, Icertis, SAP, BravoSolution, Contracked, Contract Logix, Coupa Software, Determine, Easy Software, ESM Solutions, Great Minds Software, Infor, Ivalua, Optimus BT, Oracle, Symfact, SpringCM, Newgen Software and Zycus.


Key Questions Answered in This Report:

  • How has the global contract lifecycle management software market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global contract lifecycle management software industry?
  • What is the breakup of the global contract lifecycle management software market on the basis of deployment model?
  • What is the breakup of the global contract lifecycle management software market on the basis of CLM offerings?
  • What is the breakup of the global contract lifecycle management software market on the basis of enterprise size?
  • What is the breakup of the global contract lifecycle management software market on the basis of industry?
  • What are the various stages in the value chain of the global contract lifecycle management software market?
  • What are the key driving factors and challenges in the global contract lifecycle management software market?
  • What is the structure of the global contract lifecycle management software market and who are the key players?
  • What is the degree of competition in the global contract lifecycle management software market?

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    Properties
    4.3    Key Industry Trends
5    Global Contract Life Cycle Management Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Deployment Model 
    5.4    Market Breakup by CLM Offerings 
    5.5    Market Breakup by Enterprise Size 
    5.6    Market Breakup by Industry 
    5.7    Market Breakup by Region 
    5.8    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 Life Cycle Management Software Industry: SWOT Analysis 
    11.1    Overview 
    11.2    Strengths
    11.3    Weaknesses 
    11.4    Opportunities
    11.5    Threats
12    Global Contract Life Cycle Management Software Industry: Value Chain Analysis 
13    Global Contract Life Cycle 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 Life Cycle 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    CLM Matrix   
        15.3.2    IBM Emptoris 
        15.3.3    Icertis  
        15.3.4    SAP 
        15.3.5    BravoSolution 
        15.3.6    Contracked 
        15.3.7    Contract Logix 
        15.3.8    Coupa Software 
        15.3.9    Determine 
        15.3.10      Easy Software 
        15.3.11      ESM Solutions 
        15.3.12      Great Minds Software 
        15.3.13      Infor 
        15.3.14      Ivalua 
        15.3.15      Optimus BT 
        15.3.16      Oracle 
        15.3.17      Symfact 
        15.3.18      SpringCM 
        15.3.19      Newgen Software 
        15.3.20      Zycus 


List of Figures


Figure 1: Global: Contract Life Cycle Management Software Market: Major Drivers and Challenges
Figure 2: Global: Contract Life Cycle Management Software Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Contract Life Cycle Management Software Market: Breakup by Deployment Model (in %), 2018
Figure 4: Global: Contract Life Cycle Management Software Market: Breakup by CLM Offerings (in %), 2018
Figure 5: Global: Contract Life Cycle Management Software Market: Breakup by Enterprise Size (in %), 2018
Figure 6: Global: Contract Life Cycle Management Software Market: Breakup by Industry (in %), 2018
Figure 7: Global: Contract Life Cycle Management Software Market: Breakup by Region (in %), 2018
Figure 8: Global: Contract Life Cycle Management Software Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Contract Life Cycle Management Software Industry: SWOT Analysis
Figure 10: Global: Contract Life Cycle Management Software Industry: Value Chain Analysis
Figure 11: Global: Contract Life Cycle Management Software Industry: Porter’s Five Forces Analysis
Figure 12: Global: Contract Life Cycle Management Software (Cloud-Based) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Contract Life Cycle Management Software (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Contract Life Cycle Management Software (On-Premises) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Contract Life Cycle Management Software (On-Premises) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Contract Life Cycle Management Software (Licensing and Subscription) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Contract Life Cycle Management Software (Licensing and Subscription) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Contract Life Cycle Management Software (Services) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Contract Life Cycle Management Software (Services) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Contract Life Cycle Management Software (Large Enterprise) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Contract Life Cycle Management Software (Large Enterprise) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Contract Life Cycle Management Software (Small and Medium Enterprise) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Contract Life Cycle Management Software (Small and Medium Enterprise) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Contract Life Cycle Management Software (Automotive) Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Contract Life Cycle Management Software (Automotive) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Contract Life Cycle Management Software (Electrical and Electronics  ) Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: Contract Life Cycle Management Software (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Contract Life Cycle Management Software (Pharmaceutical) Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: Global: Contract Life Cycle Management Software (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Contract Life Cycle Management Software (Retail and E-commerce) Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Global: Contract Life Cycle Management Software (Retail and E-commerce) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Contract Life Cycle Management Software (Manufacturing) Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Global: Contract Life Cycle Management Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Contract Life Cycle Management Software (BFSI) Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Global: Contract Life Cycle Management Software (BFSI) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Contract Life Cycle Management Software (Others) Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Global: Contract Life Cycle Management Software (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: North America: Contract Life Cycle Management Software Market: Sales Value (in Million US$), 2011 & 2018
Figure 39: North America: Contract Life Cycle Management Software Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Europe: Contract Life Cycle Management Software Market: Sales Value (in Million US$), 2011 & 2018
Figure 41: Europe: Contract Life Cycle Management Software Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Asia Pacific: Contract Life Cycle Management Software Market: Sales Value (in Million US$), 2011 & 2018
Figure 43: Asia Pacific: Contract Life Cycle Management Software Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Middle East and Africa: Contract Life Cycle Management Software Market: Sales Value (in Million US$), 2011 & 2018
Figure 45: Middle East and Africa: Contract Life Cycle Management Software Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: Latin America: Contract Life Cycle Management Software Market: Sales Value (in Million US$), 2011 & 2018
Figure 47: Latin America: Contract Life Cycle Management Software Market Forecast: Sales Value (in Million US$), 2019-2024



List of Tables

Table 1: Global:Contract Life Cycle Management Software Market: Key Industry Highlights, 2018 and 2024
Table 2: Global:Contract Life Cycle Management Market Software Forecast: Breakup by Deployment Model  (in Million US$), 2019-2024
Table 3: Global:Contract Life Cycle Management Market Software Forecast: Breakup by CLM Offerings (in Million US$), 2019-2024
Table 4: Global:Contract Life Cycle Management Software Market Forecast: Breakup by Enterprise Size  (in Million US$), 2019-2024
Table 5: Global:Contract Life Cycle Management Software Market Forecast: Breakup by Industry (in Million US$), 2019-2024
Table 6: Global:Contract Life Cycle Management Software Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global:Contract Life Cycle Management Software Market Structure
Table 8: Global:Contract Life Cycle Management Software Market: Key Players


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