Market Overview:
The global contract analytics software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for contract analytics software in various industries such as government, retail and eCommerce, healthcare and life sciences, BFSI, transportation and logistics, telecom and IT, manufacturing, and others. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period.
Product Definition:
Contract analytics software is a type of software that helps organizations to better understand their contracts and the associated risks. This type of software can help organizations to more easily identify potential issues with their contracts, as well as assess the financial impact of any contract breaches. Contract analytics software can also help organizations to manage and track contract performance.
Cloud-Based:
Cloud-based software is a type of Contract Intelligence solution that provides an end-to-end contract analytics platform to help businesses manage their contracts. It helps users to effectively analyze and monitor contract lifecycle, performance, compliance and risk across organizations. The cloud based software is used by various industries such as BFSI, IT & telecom, government among others for managing their contracts.
On-Premises:
On-premises is a term used for software installed on the end user's computers or servers. The software is installed and run from the customer premises. It may also be referred to as an in-house solution, which refers to solutions that are developed by companies within the organization itself and are used by employees of that company.
Application Insights:
The application segment is segregated into seven sub-segments, namely government, retail and eCommerce, healthcare and life sciences, banking, financial services and insurance (BFSI), transportation and logistics, telecom IT And other. The BFSI sector accounted for the largest market share in 2017. It is also expected to register the highest CAGR over the forecast period owing to increasing demand from customers for analyzing data from various sources including transaction data from banks as well as web transactions.
The government segment was one of the prominent segments in 2017. It has been observed that many governments are leveraging contract analytics software to improve their service delivery by identifying bottlenecks or opportunities for improvement at a granular level with respect to resources utilization across departments or agencies where conventional approaches may not yield desired results thereby leading to improved performance outcomes at a higher scale of efficiency which includes reduced cost & time savings along with increased revenues while serving its citizens better thus driving growth further.
Regional Analysis:
The North American region dominated the global contract analytics software market in 2017. The growth can be attributed to the presence of a large number of vendors in this region, along with increased adoption of advanced technologies across various sectors. Furthermore, increasing demand for cloud-based solutions is expected to drive regional market growth over the forecast period.
The Asia Pacific region is anticipated to witness significant growth over the next eight years owing to increasing investments by governments and enterprises for improving operational efficiency and enhancing customer experience.
Growth Factors:
- Increasing demand for contract analytics software from small and medium-sized businesses (SMBs) due to the growing complexity of contracts and the need for better visibility into contractual obligations.
- The increasing use of contract analytics software by large enterprises to improve operational efficiency, mitigate financial risks, and optimize contracting processes.
- The growing demand for cloud-based contract analytics software as it enables organizations to access data and insights anywhere, anytime.
- The increasing adoption of artificial intelligence (AI) and machine learning technologies in contract analytics software to help organizations automate complex processes, identify patterns in data, and make better decisions faster.
- The rising popularity of blockchain technology in the contract management space as it can help reduce fraudulent activities, improve transparency & trust among stakeholders, and streamline contracting processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Contract Analytics Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Government, Retail and eCommerce, Healthcare and Life Sciences, BFSI, Transportation and Logistics, Telecom and IT, Manufacturing, Others
By Companies
Affinitext, Gatekeeper, DocuSign, LinkSquares, Docskiff, Icertis, Contract Wrangler, eBrevia, Kira Systems, Paperflip, ThoughtTrace, Komrz, Ultria
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Contract Analytics Software Market Report Segments:
The global Contract Analytics Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government, Retail and eCommerce, Healthcare and Life Sciences, BFSI, Transportation and Logistics, Telecom and IT, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Affinitext
- Gatekeeper
- DocuSign
- LinkSquares
- Docskiff
- Icertis
- Contract Wrangler
- eBrevia
- Kira Systems
- Paperflip
- ThoughtTrace
- Komrz
- Ultria
Highlights of The Contract Analytics Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premises
- By Application:
- Government
- Retail and eCommerce
- Healthcare and Life Sciences
- BFSI
- Transportation and Logistics
- Telecom and IT
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Contract Analytics Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Contract analytics software is a type of software that helps businesses analyze and track contract performance. This information can help businesses identify areas where they need to improve their contract management practices, as well as identify potential savings or revenue opportunities.
Some of the major companies in the contract analytics software market are Affinitext, Gatekeeper, DocuSign, LinkSquares, Docskiff, Icertis, Contract Wrangler, eBrevia, Kira Systems, Paperflip, ThoughtTrace, Komrz, Ultria.
The contract analytics software market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Contract Analytics Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Contract Analytics Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Contract Analytics Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Contract Analytics Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Contract Analytics Software Market Size & Forecast, 2018-2028
4.5.1 Contract Analytics Software Market Size and Y-o-Y Growth
4.5.2 Contract Analytics Software Market Absolute $ Opportunity
Chapter 5 Global Contract Analytics Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Contract Analytics Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Contract Analytics Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Contract Analytics Software Market Size Forecast by Applications
6.2.1 Government
6.2.2 Retail and eCommerce
6.2.3 Healthcare and Life Sciences
6.2.4 BFSI
6.2.5 Transportation and Logistics
6.2.6 Telecom and IT
6.2.7 Manufacturing
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contract Analytics Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Contract Analytics Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Contract Analytics Software Analysis and Forecast
9.1 Introduction
9.2 North America Contract Analytics Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Contract Analytics Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Contract Analytics Software Market Size Forecast by Applications
9.10.1 Government
9.10.2 Retail and eCommerce
9.10.3 Healthcare and Life Sciences
9.10.4 BFSI
9.10.5 Transportation and Logistics
9.10.6 Telecom and IT
9.10.7 Manufacturing
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Contract Analytics Software Analysis and Forecast
10.1 Introduction
10.2 Europe Contract Analytics Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Contract Analytics Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Contract Analytics Software Market Size Forecast by Applications
10.10.1 Government
10.10.2 Retail and eCommerce
10.10.3 Healthcare and Life Sciences
10.10.4 BFSI
10.10.5 Transportation and Logistics
10.10.6 Telecom and IT
10.10.7 Manufacturing
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Contract Analytics Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Contract Analytics Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Contract Analytics Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Contract Analytics Software Market Size Forecast by Applications
11.10.1 Government
11.10.2 Retail and eCommerce
11.10.3 Healthcare and Life Sciences
11.10.4 BFSI
11.10.5 Transportation and Logistics
11.10.6 Telecom and IT
11.10.7 Manufacturing
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Contract Analytics Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Contract Analytics Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Contract Analytics Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Contract Analytics Software Market Size Forecast by Applications
12.10.1 Government
12.10.2 Retail and eCommerce
12.10.3 Healthcare and Life Sciences
12.10.4 BFSI
12.10.5 Transportation and Logistics
12.10.6 Telecom and IT
12.10.7 Manufacturing
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Contract Analytics Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Contract Analytics Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Contract Analytics Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Contract Analytics Software Market Size Forecast by Applications
13.10.1 Government
13.10.2 Retail and eCommerce
13.10.3 Healthcare and Life Sciences
13.10.4 BFSI
13.10.5 Transportation and Logistics
13.10.6 Telecom and IT
13.10.7 Manufacturing
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Contract Analytics Software Market: Competitive Dashboard
14.2 Global Contract Analytics Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Affinitext
14.3.2 Gatekeeper
14.3.3 DocuSign
14.3.4 LinkSquares
14.3.5 Docskiff
14.3.6 Icertis
14.3.7 Contract Wrangler
14.3.8 eBrevia
14.3.9 Kira Systems
14.3.10 Paperflip
14.3.11 ThoughtTrace
14.3.12 Komrz
14.3.13 Ultria
