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Contract Lifecycle Management Solution Market Size, Share, and Analysis, By Component (Software and Services), By Deployment Mode (On-Premise and Cloud), By Business Function (Legal, Sales, Procurement, Finance, and Licensing & Subscription), By Industry

Publisher Fatpos Global
Published Feb 01, 2024
Length 474 Pages
SKU # FAGL18707912

Description

Contract Lifecycle Management Solution Market Size, Share, and Analysis, By Component (Software and Services), By Deployment Mode (On-Premise and Cloud), By Business Function (Legal, Sales, Procurement, Finance, and Licensing & Subscription), By Industry (Automotive, Electronics, Healthcare, Retail & E-commerce, Manufacturing, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034


Contract Lifecycle Management Solution Market Size, Share, and Analysis, By Component (Software and Services), By Deployment Mode (On-Premise and Cloud), By Business Function (Legal, Sales, Procurement, Finance, and Licensing & Subscription), By Industry (Automotive, Electronics, Healthcare, Retail & E-commerce, Manufacturing, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Contract Lifecycle Management Solution Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 1.2 billion and is projected to reach USD 4.8 billion by the completion of 2034.

Contract lifecycle management (CLM) solution is a consolidated platform that oversees every step of the contractual journey, from creation to implementation and renewal. This software assists in the automation of processes, assurance of regulatory compliance, the reduction of risks, and the maximization of efficiency throughout the contractual operation. CLM software is used to digitize and organize contracts, which allows for easy access, editing, and collaboration among stakeholders. It performs various operations including contract creation, negotiation, approvals, and analysis. Additionally, CLM tools offer real-time visibility into contract statuses and performance data, enabling informed decision-making and risk management. Therefore, by automating procedures, reducing manual errors, and improving transparency, CLM solutions enable businesses to save time, reduce extra expenses, and improve relationships with partners and customers by ensuring smooth and effective contract management.

MARKET HIGHLIGHTS

Contract Lifecycle Management Solution Market is anticipated to reach USD 4.8 billion during the forecast period, driven by the extensive adoption of digital transformation strategies across industries. The increasing demand for centralized contract databases, the need to improve operational efficiency, and the rise in legal compliance are some of the major reasons for the market growth. Additionally, businesses are increasingly recognizing the potential of CLM in mitigating risks and encouraging collaboration among stakeholders. Moreover, key sectors like healthcare, IT & telecom, manufacturing, and financial services significantly contribute to the growing CLM market, given their complex contract ecosystem. Hence, as companies increasingly prioritize simplified operations and risk management, CLM solution market is expected to witness constant expansion and innovation during the forecast period.

Contract Lifecycle Management Solution Market Segments:
  • By Component
  • Software
  • Services
  • By Deployment Mode
  • On-Premise
  • Cloud
  • By Business Function
  • Legal
  • Sales
  • Procurement
  • Finance
  • Licensing & Subscription
  • By Industry
  • Automotive
  • Electronics
  • Healthcare
  • Retail & E-commerce
  • Manufacturing
  • Others
MARKET DYNAMICS

Growth Drivers

Growing Digital Transformation Will Open Up New Business Prospects

Increasing Focus on Regulatory Compliance Will Provide Development Pathways

Restraint

Integration Issues Could Restrain Market Expansion

Key Players
  • SAP
  • Oracle Corporation
  • IBM Corporation
  • Coupa Software
  • Conga
  • Icertis
  • SpringCM
  • Agiloft
  • ContractPodAi
  • Salesforce
  • Determine
  • DocuSign
  • GEP
  • ContractWorks
  • JAGGAER
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

474 Pages
1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Contract Lifecycle Management Solution Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Contract Lifecycle Management Solution Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Contract Lifecycle Management Solution Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Contract Lifecycle Management Solution Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Contract Lifecycle Management Solution Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Component
11.3.1.1. Software
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Services
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Deployment Mode
11.3.2.1.On-Premise
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Cloud
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Business Function
11.3.3.1.Legal
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Sales
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Procurement
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Finance
11.3.3.4.1. By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Licensing & Subscription
11.3.3.5.1. By Value (USD Million) 2024-2034F
11.3.3.5.2.Market Share (%) 2024-2034F
11.3.3.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By Industry
11.3.4.1.Automotive
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Electronics
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Healthcare
11.3.4.3.1. By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4. Retail & E-Commerce
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.5. Manufacturing
11.3.4.5.1.By Value (USD Million) 2024-2034F
11.3.4.5.2. Market Share (%) 2024-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.6. Others
11.3.4.6.1. By Value (USD Million) 2024-2034F
11.3.4.6.2.Market Share (%) 2024-2034F
11.3.4.6.3.Y-o-Y Growth (%) 2024-2034F
12. North America Contract Lifecycle Management Solution Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Component
12.3.2.By Deployment Mode
12.3.3.By Business Function
12.3.4.By Industry
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Contract Lifecycle Management Solution Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Component
13.3.2.By Deployment Mode
13.3.3.By Business Function
13.3.4.By Industry
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Contract Lifecycle Management Solution Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Component
14.3.2.By Deployment Mode
14.3.3.By Business Function
14.3.4. By Industry
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Contract Lifecycle Management Solution Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Component
15.3.2.By Deployment Mode
15.3.3.By Business Function
15.3.4.By Industry
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Contract Lifecycle Management Solution Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Component
16.3.2.By Deployment Mode
16.3.3.By Business Function
16.3.4.By Industry
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.SAP
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Oracle Corporation
18.3.IBM Corporation
18.4. Salesforce
18.5.Coupa Software
18.6.Icertis
18.7.Conga
18.8. SpringCM
18.9.Agiloft
18.10. ContractPodAi
18.11. Determine
18.12. DocuSign
18.13. GEP
18.14. ContractWorks
18.15. JAGGAER
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation

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