Market Overview:
The global contract life-cycle management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based contract life-cycle management software and the growing need for compliance and risk management in organizations. Based on type, the global contract life-cycle management software market is segmented into cloud-based and on-premises. Cloud-based contracts are expected to witness higher growth during the forecast period as they offer several benefits such as scalability, flexibility, and cost efficiency over traditional on-premises contracts. Based on application, small enterprises are expected to account for a larger share of the global contract life cycle management software market during the forecast period owing to their growing need for risk mitigation and compliance with regulatory norms. Regionally, North America is estimated to hold a leading position in terms of revenue contribution followed by Europe in 2018.
Product Definition:
Contract life-cycle management software is a type of software that helps organizations manage the contracts they have with other organizations. This type of software can help keep track of when contracts are created, amended, and terminated. It can also help keep track of who is responsible for each contract and what the status of each contract is. Contract life-cycle management software can be important for organizations because it can help them stay organized and efficient when dealing with contracts.
Cloud-based:
Cloud-based CLM software is a type of software that offers services such as project management, task and file management, time and billing management. The major benefit offered by cloud-based solutions is the reduction in cost incurred on storage of data. This has resulted in increased adoption of these solutions among small and medium enterprises owing to their budget constrictions.
On-premises:
On-premises is a term used for software that is installed and operated from the original media or an installation server on the customer premises. The software can be updated through regular channels like network download or can be upgraded through internet connection provided by service provider. On-premises software requires less investment in terms of licensing cost, infrastructure cost and support cost as compared to cloud based solutions which makes it more preferable among small scale organizations.
Application Insights:
The large enterprises segment dominated the global contract life-cycle management software market in 2017. This can be attributed to factors such as size and complexity of the organizations, number of contracts, and volume of transactions. Large enterprises are more likely to benefit from advanced solutions that offer enhanced functionality and services for a better end-user experience. Furthermore, these solutions also help large organizations in effectively managing their contracts by generating insights on a contract¢â‚¬â„¢s performance so that they can make informed decisions regarding future course of action.
Small businesses or startups are increasingly adopting cloud-based CRM systems owing to benefits such as ease of access from remote locations; real time visibility into customer interactions; ability to access data from different devices; reduced costs associated with implementation & maintenance along with flexible scalability options offered by cloud based CRM systems.
Regional Analysis:
The European region dominated the global market in 2017. The growth can be attributed to the presence of a large number of small and medium enterprises (SMEs) in Europe, which is driving the demand for contract life-cycle management software. Furthermore, factors such as increasing government regulations and growing healthcare IT spending are also expected to drive regional market growth over the forecast period.
Asia Pacific is projected to emerge as one of the fastest-growing regions during the forecast period owing to several initiatives taken by governments across various countries in this region for improving their healthcare systems. This has resulted into increased adoption of EHR/EMR systems by hospitals and clinics, thereby driving demand for contract life-cycle management software solutions in this region over time frame. Moreover, an increase in outsourcing activities from developed economies such as U.K., U.S.
Growth Factors:
- Increasing demand for CLM software from small and medium businesses (SMBs) due to the growing complexity of contracts and the need for better contract management.
- The increasing popularity of cloud-based CLM software, which makes it easier and more affordable for businesses to manage their contracts.
- The growing trend of outsourcing and offshoring, which is driving demand for CLM software as companies seek to manage their contractual relationships with service providers more effectively.
- The increasing use of contract analytics tools, which are helping organizations make better decisions about their contracts by providing insights into things like pricing trends, supplier performance, etc.
- The rising number of compliance regulations around the world that require companies to have effective contract management processes in place in order to mitigate risk
Scope Of The Report
Report Attributes
Report Details
Report Title
Contract Life-cycle Management Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Small Enterprises, Large Enterprises
By Companies
IBM Emptoris, Icertis, SAP, Apttus, CLM Matrix, Oracle, Infor, Newgen Software, Zycus, Symfact, Contract Logix, Coupa Software, ESM Solutions, Optimus BT
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Contract Life-cycle Management Software Market Report Segments:
The global Contract Life-cycle Management 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
Small Enterprises, Large Enterprises
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:
- IBM Emptoris
- Icertis
- SAP
- Apttus
- CLM Matrix
- Oracle
- Infor
- Newgen Software
- Zycus
- Symfact
- Contract Logix
- Coupa Software
- ESM Solutions
- Optimus BT
Highlights of The Contract Life-cycle Management 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:
- Small Enterprises
- Large Enterprises
- 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 Life-cycle Management 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 life-cycle management software is a computer program that helps organizations manage contracts. It can help identify and track contract information, such as contract terms, performance requirements, and deadlines. Contract life-cycle management software can also help organizations create and track contracts proposals, reviews, negotiations, and awards.
Some of the major companies in the contract life-cycle management software market are IBM Emptoris, Icertis, SAP, Apttus, CLM Matrix, Oracle, Infor, Newgen Software, Zycus, Symfact, Contract Logix, Coupa Software, ESM Solutions, Optimus BT.
The contract life-cycle management software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Contract Life-cycle Management 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 Life-cycle Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Contract Life-cycle Management 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 Life-cycle Management 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 Life-cycle Management Software Market Size & Forecast, 2020-2028
4.5.1 Contract Life-cycle Management Software Market Size and Y-o-Y Growth
4.5.2 Contract Life-cycle Management Software Market Absolute $ Opportunity
Chapter 5 Global 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 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 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 Market Size Forecast by Applications
6.2.1 Small Enterprises
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contract Life-cycle Management 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 Life-cycle Management 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 Market Size Forecast by Applications
9.10.1 Small Enterprises
9.10.2 Large Enterprises
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 Market Size Forecast by Applications
10.10.1 Small Enterprises
10.10.2 Large Enterprises
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 Market Size Forecast by Applications
11.10.1 Small Enterprises
11.10.2 Large Enterprises
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 Market Size Forecast by Applications
12.10.1 Small Enterprises
12.10.2 Large Enterprises
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) Market Size Forecast by Applications
13.10.1 Small Enterprises
13.10.2 Large Enterprises
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 Life-cycle Management Software Market: Competitive Dashboard
14.2 Global Contract Life-cycle Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM Emptoris
14.3.2 Icertis
14.3.3 SAP
14.3.4 Apttus
14.3.5 CLM Matrix
14.3.6 Oracle
14.3.7 Infor
14.3.8 Newgen Software
14.3.9 Zycus
14.3.10 Symfact
14.3.11 Contract Logix
14.3.12 Coupa Software
14.3.13 ESM Solutions
14.3.14 Optimus BT
