Interest Remains Strong in the CLM Market, Driven by Use Cases and Global Events

Interest Remains Strong in the CLM Market, Driven by Use Cases and Global Events

This IDC Market Note shares IDC's thoughts on trends in the CLM market, why there continues to be interest in the CLM space, and where the space may be headed. Interest in CLM applications remains robust, driven by compelling use cases and the global disruptive events of the recent past. CLM applications commonly are intelligent, real-time decision support tools that drive benefits across the enterprise, far beyond their legal roots. These applications will increasingly be further integrated into enterprises' platforms, such as ERP, HCM, finance, and procurement."IDC sees the CLM space as being at the beginning of a robust period of growth, aided by a rapidly expanding set of advanced use cases that provide intelligent, real-time decision support capabilities. CLM applications are increasingly integrated with the fully set enterprise platforms and serve to drive visibility to spend, obligations, and risk assessment activities." — Patrick Reymann, research director, Procurement and Enterprise Applications at IDC

Please Note: Extended description available upon request.