Global Contract Lifecycle Management Market Size study, by Deployment Model (Cloud-based, On-premise), by CLM Offerings (Licensing and Subscription, Services), by Enterprise Size (Large, Small & Medium), by Industry (Automotive, Electrical & Electronics,

Global Contract Lifecycle Management Market Size study, by Deployment Model (Cloud-based, On-premise), by CLM Offerings (Licensing and Subscription, Services), by Enterprise Size (Large, Small & Medium), by Industry (Automotive, Electrical & Electronics, Pharmaceutical, Retail and E-commerce, Manufacturing, BFSI, Others) and Regional Forecasts 2022-2028

Global Contract Lifecycle Management Market is valued at approximately USD 936.4 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 12.2% over the forecast period 2022-2028. Contract Lifecycle Management or CLM is a system that manages contracts and agreements between various entities by managing each stage of contract. Companies have adopted the CLM system in order to manage the process of contracts and to develop a robust customer base. Evolving easy-to-use & convenient interface systems,rapid globalization and increasing benefits have driven the CLM Market. For Instance: As per the analysts at PricewaterhouseCoopers, any business can save up to 2% of their annual costs by utilizing contract management and thus avoiding inaccuracies and non-compliance Also, emerging various applications and end-users is most likely to boost the overall growth of the Global Contract Lifecycle Management market, as it enables dynamic workflow and reduces time to review the contract. However, back filing and lack of skilled users can obstruct the market's expansion over the projection period of 2022-2028.

The key regions considered for the Global Contract Lifecycle Management Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the rapid globalization and increased adoption of CLM. Whereas, Europe is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period due to advancements in CLM technologies in Germany.
Major market players included in this report are:
CLM Matrix
IBM Emptoris
Icertis
SAP
BravoSolution
Contracked
Contract Logix
Coupa Software
Determine
Easy Software
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment Model:
Cloud-based
On-premise
By CLM Offerings:
Licensing and Subscription
Services
By Enterprise Size:
Large
Small & Medium
By Industry:
Automotive
Electrical & Electronics
Pharmaceutical
Retail and E-commerce
Manufacturing
BFSI
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Contract Lifecycle Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

CLM Matrix
IBM Emptoris
Icertis
SAP
BravoSolution
Contracked
Contract Logix
Coupa Software
Determine
Easy Software