Market Overview:
The global contract management solutions 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 contract management solutions from various end-use industries, such as automotive, aerospace & defense, and others. In addition, the growing need for compliance with government regulations is also fueling the demand for contract management solutions in various regions across the globe. Based on type, the global contract management solutions market has been segmented into automotive acceleration sensor, car gyroscope, automotive IMU (inertial measurement unit), and others. The automotive acceleration sensor segment is expected to hold a major share of the global contract management solutions market during the forecast period owing to its wide adoption in passenger vehicles and commercial vehicles across different regions.
Product Definition:
Contract management solutions are software programs that help organizations manage their contracts. Contract management solutions can automate contract creation, tracking, and renewal processes. They can also help organizations find and track specific clauses or terms in contracts. Contract management solutions can be important for businesses because they can help ensure that contracts are properly managed and that all terms and conditions are met.
Automotive Acceleration Sensor:
An automotive acceleration sensor is a device that measures the speed of an automobile and determines how long it takes for the vehicle to go from 0-60 miles per hour. The data obtained from these sensors is used by electronic control modules to calculate fuel injection timing, thus controlling engine performance. These sensors are also used in applications such as torque measurement, wheel speed, and gear monitoring.
Car Gyroscope:
Car gyroscope is a device or mechanism that is used to measure the rate of rotation of a vehicle. It’s an essential component in any autonomous car, which helps in maintaining the stability and accuracy of self-driving cars. The use of gyroscopes has increased exponentially owing to its ability to provide accurate information even when GPS signals are lost.
Application Insights:
The passenger vehicles segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The increasing number of automotive manufacturers across the globe is a key factor driving demand for contract management solutions in this segment. For instance, Goggle Maps Inc., a Google company, has announced about expanding its office in India by 2020 with an investment of USD 120 million on account of growing sales for Android Auto and Go-Trucks products.
Commercial vehicles are also expected to grow at lucrative rate over the forecast period owing to rising demand from construction sector companies for their supply chain management services. These service providers require contracts with various suppliers within construction industry on daily basis which requires effective contract management solution as it helps suppliers & contractors manage multiple projects at same time along with tracking order status while delivering goods under any type of project such as roadwork or building structure etc. Thus, commercial vehicle segment is also anticipated to witness significant growth soon enough.
Regional Analysis:
The market in North America is anticipated to witness significant growth over the forecast period owing to increasing investments by OEMs and growing adoption of advanced driver-assistance systems (ADAS) and safety technologies. The presence of major players, such as Continental AG; Autoliv, Inc.; and Bosch Security Systems GmbH & Co., is also expected to drive the regional market.
Asia Pacific contract management solutions industry is projected to grow at a lucrative rate over the forecast period due to rising demand for automotive electronics in emerging economies such as China, India, Japan, South Korea & Taiwan. In addition it has been observed that passenger vehicles are being exported from Asia Pacific countries at a high rate which will further boost growth prospects for CMs across this region during the forecast period.
Growth Factors:
- Increased demand for contract management solutions from small and medium-sized businesses (SMBs) due to the growing complexity of contracts and the need for better visibility and control over contractual obligations.
- The increasing use of cloud-based contract management solutions, which helps organizations to manage contracts more efficiently and securely while reducing costs.
- The growing trend of outsourcing and offshoring, which is driving the demand for contract management solutions that can help manage supplier relationships more effectively.
- The increasing adoption of Contract Lifecycle Management (CLM) software by large enterprises as a way to automate the entire contracting process from initiation to closure.
- The rising number of compliance regulations such as GDPR that mandate the use of specific contract management features such as data privacy controls, audit trails, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Contract Management Solutions Market Research Report
By Type
Automotive Acceleration Sensor, Car Gyroscope, Automotive IMU, Others
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Bosch, STMicroelectronics, TDK (InvenSense), NXP Semiconductors, Murata, Analog Devices, Continental AG, Honeywell, Bosch
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Contract Management Solutions Market Report Segments:
The global Contract Management Solutions market is segmented on the basis of:
Types
Automotive Acceleration Sensor, Car Gyroscope, Automotive IMU, Others
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
Passenger Vehicles, Commercial Vehicles
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:
- Bosch
- STMicroelectronics
- TDK (InvenSense)
- NXP Semiconductors
- Murata
- Analog Devices
- Continental AG
- Honeywell
- Bosch
Highlights of The Contract Management Solutions 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:
- Automotive Acceleration Sensor
- Car Gyroscope
- Automotive IMU
- Others
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Management Solutions 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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- Correctly Positioning New Products
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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 management solutions are a set of tools and processes that help organizations manage contracts, including contract negotiations, contract administration, and contract performance. Contract management solutions can also include tracking and reporting on contracts to help ensure compliance with contractual obligations.
Some of the major companies in the contract management solutions market are Bosch, STMicroelectronics, TDK (InvenSense), NXP Semiconductors, Murata, Analog Devices, Continental AG, Honeywell, Bosch.
The contract management solutions market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Contract Management Solutions 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 Management Solutions Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Contract Management Solutions 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 Management Solutions 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 Management Solutions Market Size & Forecast, 2020-2028 4.5.1 Contract Management Solutions Market Size and Y-o-Y Growth 4.5.2 Contract Management Solutions 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 Automotive Acceleration Sensor
5.2.2 Car Gyroscope
5.2.3 Automotive IMU
5.2.4 Others
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 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contract Management Solutions 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 Management Solutions 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 Automotive Acceleration Sensor
9.6.2 Car Gyroscope
9.6.3 Automotive IMU
9.6.4 Others
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 Passenger Vehicles
9.10.2 Commercial Vehicles
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 Automotive Acceleration Sensor
10.6.2 Car Gyroscope
10.6.3 Automotive IMU
10.6.4 Others
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 Passenger Vehicles
10.10.2 Commercial Vehicles
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 Automotive Acceleration Sensor
11.6.2 Car Gyroscope
11.6.3 Automotive IMU
11.6.4 Others
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 Passenger Vehicles
11.10.2 Commercial Vehicles
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 Automotive Acceleration Sensor
12.6.2 Car Gyroscope
12.6.3 Automotive IMU
12.6.4 Others
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 Passenger Vehicles
12.10.2 Commercial Vehicles
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 Automotive Acceleration Sensor
13.6.2 Car Gyroscope
13.6.3 Automotive IMU
13.6.4 Others
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 Passenger Vehicles
13.10.2 Commercial Vehicles
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 Management Solutions Market: Competitive Dashboard
14.2 Global Contract Management Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 STMicroelectronics
14.3.3 TDK (InvenSense)
14.3.4 NXP Semiconductors
14.3.5 Murata
14.3.6 Analog Devices
14.3.7 Continental AG
14.3.8 Honeywell
14.3.9 Bosch