Reports

Global Contract Lifecycle Management Software Market to Grow at a CAGR of 17% During 2024-2032, Driven by Growing Need for Businesses to Streamline their Operations

Sale

Global Contract Lifecycle Management Software Market Size: By Deployment Model: Cloud-Based, On-Premises; By CLM Offerings: Licensing and Subscription, Services; By Enterprise Size: Large Enterprise, Small and Medium Enterprise; By Industry: Automotive, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Contract Lifecycle Management Software Market Size

The global contract lifecycle management software market attained a value of USD 2.40 billion in 2023. The market is expected to grow at a CAGR of 17% between 2024 and 2032 to reach almost USD 9.84 billion by 2032.

Key Takeaways:

CLM software boosts efficiency by automating and streamlining contract processes across initiation, drafting, workflow management, negotiation, approval, execution, oversight, compliance, and renewal stages.

CLM software is widely used in BFSI sector. India's vast network of 160,000+ bank branches drive global contract lifecycle management software market growth.

The presence of 3,09,83,113 enterprises in Europe as reported by Eurostat in 2021 is fuelling the global contract lifecycle management software market.

As per the contract lifecycle management (CLM) software market report, CLM software enhances efficiency by automating and simplifying contract processes across essential stages such as initiation, drafting, workflow management, negotiation, approval, execution, ongoing oversight, compliance within the repository, and contract renewal. Buyers and suppliers benefit from time savings and error reduction by establishing a shared language, utilising core templates, unified terms, and consistent conditions.

The primary goal of most contract management software is to offer improved visibility into corporate spending, enhance efficiency throughout the contract lifecycle, and reduce administrative expenses. For example, contract lifecycle management software is extensively utilised within the BFSI sector. In India, there are over 160,000 bank branches, roughly equating to about 15 branches per 100,000 people, as reported by the National Investment Promotion and Facilitation Agency, thus, boosting the global contract lifecycle management software market growth.

Contract Lifecycle Management Software Market Report Snapshots

Contract Lifecycle Management Software Market Size

Contract Lifecycle Management Software Market Trends

Contract Lifecycle Management Software Companies

Contract Lifecycle Management Software Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Contract Lifecycle Management Software Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Contract Lifecycle Management Software Historical Market (2018-2023)
   8.3   Global Contract Lifecycle Management Software Market Forecast (2024-2032)
   8.4   Global Contract Lifecycle Management Software Market by Deployment Model
       8.4.1   Cloud-Based
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   On-Premises
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
   8.5   Global Contract Lifecycle Management Software Market by CLM Offering
       8.5.1   Licensing and Subscription
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Services
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
   8.6   Global Contract Lifecycle Management Software Market by Enterprise Size
       8.6.1   Large Enterprise
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Small and Medium Enterprise
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
   8.7   Global Contract Lifecycle Management Software Market by Industry
       8.7.1   Automotive
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Electrical and Electronics
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Pharmaceutical
           8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
       8.7.4   Retail and E-commerce
           8.7.4.1   Historical Trend (2018-2023)
           8.7.4.2   Forecast Trend (2024-2032)
       8.7.5   Manufacturing
           8.7.5.1   Historical Trend (2018-2023)
           8.7.5.2   Forecast Trend (2024-2032)
       8.7.6   BFSI
           8.7.6.1   Historical Trend (2018-2023)
           8.7.6.2   Forecast Trend (2024-2032)
       8.7.7   Others
   8.8   Global Contract Lifecycle Management Software Market by Region
       8.8.1   North America
           8.8.1.1   Historical Trend (2018-2023)
           8.8.1.2   Forecast Trend (2024-2032)
       8.8.2   Europe
           8.8.2.1   Historical Trend (2018-2023)
           8.8.2.2   Forecast Trend (2024-2032)
       8.8.3   Asia Pacific
           8.8.3.1   Historical Trend (2018-2023)
           8.8.3.2   Forecast Trend (2024-2032)
       8.8.4   Latin America
           8.8.4.1   Historical Trend (2018-2023)
           8.8.4.2   Forecast Trend (2024-2032)
       8.8.5   Middle East and Africa
           8.8.5.1   Historical Trend (2018-2023)
           8.8.5.2   Forecast Trend (2024-2032)
9   North America Contract Lifecycle Management Software Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Contract Lifecycle Management Software Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Contract Lifecycle Management Software Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Contract Lifecycle Management Software Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Contract Lifecycle Management Software Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Concord Worldwide Inc
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Deltek Inc.
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   SAP SE
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Conga
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Ironclad, Inc.
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Icertis
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   DocuSign, Inc.
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Oracle Corporation
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   Contracts 365, Inc.
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Coupa Software Inc.
           15.2.10.1   Company Overview
           15.2.10.2   Product Portfolio
           15.2.10.3   Demographic Reach and Achievements
           15.2.10.4   Certifications
       15.2.11   Agiloft Inc.
           15.2.11.1   Company Overview
           15.2.11.2   Product Portfolio
           15.2.11.3   Demographic Reach and Achievements
           15.2.11.4   Certifications
       15.2.12   Newgen Software Technologies
           15.2.12.1   Company Overview
           15.2.12.2   Product Portfolio
           15.2.12.3   Demographic Reach and Achievements
           15.2.12.4   Certifications
       15.2.13   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Contract Lifecycle Management Software Market: Key Industry Highlights, 2018 and 2032
2.   Global Contract Lifecycle Management Software Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
3.   Global Contract Lifecycle Management Software Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
4.   Global Contract Lifecycle Management Software Historical Market: Breakup by CLM Offering (USD Billion), 2018-2023
5.   Global Contract Lifecycle Management Software Market Forecast: Breakup by CLM Offering (USD Billion), 2024-2032
6.   Global Contract Lifecycle Management Software Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
7.   Global Contract Lifecycle Management Software Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
8.   Global Contract Lifecycle Management Software Historical Market: Breakup by Industry (USD Billion), 2018-2023
9.   Global Contract Lifecycle Management Software Market Forecast: Breakup by Industry (USD Billion), 2024-2032
10.   Global Contract Lifecycle Management Software Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Contract Lifecycle Management Software Market Forecast: Breakup by Region (USD Millon), 2024-2032
12.   North America Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Contract Lifecycle Management Software Market Structure

Key Questions Answered in the Report

What was the global contract lifecycle management software market value in 2023?

The contract lifecycle management software market attained a value of USD 2.40 billion in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 17% between 2024 and 2032.

What is the global contract lifecycle management software market forecast for 2024-2032?

The revenue generated in the market is expected to reach USD 9.84 billion in 2032.

What are the key factors driving the CLM market?

The Contract Lifecycle Management (CLM) market benefits from improvements in healthcare, government services, regulatory partnerships, and optimizing tasks related to contracts.

What is the breakup of the market based on the deployment model?

Based on the deployment model, the market is bifurcated into cloud-based and on-premises.

Who are the key players in the global contract lifecycle management software industry, according to the report?

Key players in the industry are Concord Worldwide Inc, Deltek Inc., SAP SE, Conga, Ironclad, Inc., Icertis, DocuSign, Inc., Oracle Corporation, Contracts 365, Inc., Coupa Software Inc., Agiloft Inc., Newgen Software Technologies, and others.

What are the major regions for the CLM market, according to the report?

The major market areas include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

What are the different offerings in the CLM market?

The different types of offerings in the CLM market include licensing and subscriptions and services.

What are the different enterprises in the market?

The different enterprises in the market are small and medium-sized enterprises and large enterprises.

Request Sample

Purchase Full Report

Datasheet

$ ~~2199~~ $1999

Selected Sections, One User
Printing Not Allowed
Email Delivery in PDF
~~Free Limited Customisation~~
~~Post Sales Analyst Support~~
~~50% Discount on Next Update~~

Buy Now

Single User License

$ ~~3299~~ $2999

All Sections, One User
One Print Allowed
Email Delivery in PDF
~~Free Limited Customisation~~
~~Post Sales Analyst Support~~
~~50% Discount on Next Update~~

Buy Now

Five User License

$ ~~4399~~ $3999

All Sections, Five Users
Five Prints Allowed
Email Delivery in PDF
Free Limited Customisation
Post Sales Analyst Support
~~50% Discount on Next Update~~

Buy Now

Corporate License

$ ~~5499~~ $4999

All Sections, Unlimited Users
Unlimited Prints Allowed
Email Delivery in PDF + Excel
Free Limited Customisation
Post Sales Analyst Support
50% Discount on Next Update

Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER