Contract Lifecycle Management (CLM) Software Market, Global Outlook and Forecast 2023-2035
Contract lifecycle management (CLM) System helps to organize the meticulous and complex contractual negotiation process between buyers and suppliers. These systems typically manage the entire contract lifecycle, from initial request for proposal (RFP) to later re-negotiations. It comprises of eight vital steps: contract drafting, negotiation, approval, compliance and administration, repository, compliance optimization, retrieval, and renewal, amendments and disposition. Contract lifecycle management (CLM) System 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.
This report aims to provide a comprehensive presentation of the global market for Contract Lifecycle Management (CLM) Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Contract Lifecycle Management (CLM) Software. This report contains market size and forecasts of Contract Lifecycle Management (CLM) Software in global, including the following market information:
Global Contract Lifecycle Management (CLM) Software Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Contract Lifecycle Management (CLM) Software market was valued at US$ 1865.2 million in 2022 and is projected to reach US$ 3252.6 million by 2029, at a CAGR of 8.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
From the view of region, Americas have a larger market share which account for 37%s. APAC hold a market share of 33% and will witness a stable growth in following years. Europe hold a market share of 25% will still play an important role which can?t be ignored.The key manufacturers are SAP, IBM, Oracle, DocuSign, Coupa, Model N, Apttus, Icertis, Conga, Aurigo, Determine, Concord, Optimus BT, Agiloft, Ultria, ContractRoom, ContractWorks, CobbleStone, Contract Logix, Symfact etc. Top 3 companies occupied about 22% market share.
We surveyed the Contract Lifecycle Management (CLM) Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Contract Lifecycle Management (CLM) Software Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Contract Lifecycle Management (CLM) Software Market Segment Percentages, by Type, 2022 (%)
Cloud-based CLM Software
Web-based CLM Software
Global Contract Lifecycle Management (CLM) Software Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Contract Lifecycle Management (CLM) Software Market Segment Percentages, by Application, 2022 (%)
Attorneys
Paralegals
Procurement Professionals
Sales Operations Professionals
Others
Global Contract Lifecycle Management (CLM) Software Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Contract Lifecycle Management (CLM) Software Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
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 Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Contract Lifecycle Management (CLM) Software revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Contract Lifecycle Management (CLM) Software revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
SAP
Agiloft
IBM
CobbleStone Systems
Accelo
Ultria
ManageEngine
CallidusCloud
Contract Logix
Concord
Octiv
SpringCM
ContractZen
Determine
ContractWorks
Apttus
Revitas
ConvergePoint
Aurigo
Outline of Major Chapters:
Chapter 1: Introduces the definition of Contract Lifecycle Management (CLM) Software, market overview.
Chapter 2: Global Contract Lifecycle Management (CLM) Software market size in revenue.
Chapter 3: Detailed analysis of Contract Lifecycle Management (CLM) Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Contract Lifecycle Management (CLM) Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
