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Global Contract Lifecycle Management Software Market: By Deployment Model: Cloud-Based, On-Premises; By CLM Offerings: Licensing and Subscription, Services; By Enterprise Size; By Industry; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Contract Lifecycle Management Software Market Outlook

The global contract lifecycle management software market was valued at USD 1.25 billion in 2020. The market is further estimated to grow in the forecast period of 2021-2026 at a CAGR of 13.8% to reach USD 2.7 billion by 2026. 

 

Contract Lifecycle Management Software Market

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Based on the deployment model, the cloud-based segment accounted for the majority of the market share in 2020. On the basis of CLM offerings, the licensing and subscription segment currently dominates the global contract lifecycle management software market in 2020. Based on the enterprise size, the small and medium enterprise segment is projected to hold the major market share. Regionally, North America dominated the market in 2020, holding the majority of the total market share.

 

Contract Lifecycle Management Software Market by Deployment Model

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Properties and Applications 

Contract lifecycle management (CLM) software assists in the efficient management of contracts between two or more organisations. It comprises of eight steps, which include negotiation, contract drafting, approval, compliance and administration, repository, compliance optimization, retrieval, renewal, amendments, and disposition. The CLM software ensures adherence to regulations, and proactively address contract expirations and renewals, thus, saving the company from losing business opportunities. In order to expand its consumer base, the contract lifecycle management software assists the organization in forming alliances with other firms. Consequently, the demand for CLM software is gaining momentum in the public, healthcare, manufacturing, and financial service sectors across the globe. These factors are expected to drive the growth of the contract lifecycle management software market in the forecast period.

On the basis of the deployment model, the industry is segmented into: 

  • Cloud-Based
  • On-Premises

The major offerings in the market are:

  • Licensing and Subscription
  • Services

The market can be broadly categorised on the basis of the enterprise size into:

  • Large Enterprise
  • Small and Medium Enterprise 

On the basis of the end-use, the market is divided into:

  • Automotive 
  • Electrical and Electronics  
  • Pharmaceutical 
  • Retail and E-commerce  
  • Manufacturing 
  • BFSI 
  • Others 

The EMR report looks into the regional markets for contract lifecycle management software like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Contract Lifecycle Management Software Market by Region

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Market Analysis 

Contract lifecycle management (CLM) software helps in reducing the time to review the contract and enables organisations to identify loopholes in the system. The software also offers efficiency and transparency in reporting mechanisms and management controls and enables organisations to ensure acts implemented by governing authorities. Moreover, the emergence of cloud-based CLM software offers an easy-to-use interface, which is driving the demand for this solution across various verticals. Furthermore, it also allows lawyers to access the archive of similar agreements to utilise them for reference purposes. The contract lifecycle management software provides efficiency and transparency in the reporting mechanism, which enables organisations to rectify issues in their system and flag challenging contracts before they are executed. These factors are expected to propel the growth of the contract lifecycle management market in the coming years.

 

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global contract lifecycle management software market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • IBM Emptoris
  • SAP SE
  • Coupa Software Inc.
  • ESM Solutions Corporation
  • Icertis
  • Others 

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Contract Lifecycle Management Software Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Contract Lifecycle Management Software Historical Market (2016-2020) 
    8.3    Global Contract Lifecycle Management Software Market Forecast (2021-2026)
    8.4    Global Contract Lifecycle Management Software Market by Deployment Model
        8.4.1    Cloud-Based
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    On-Premises
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Contract Lifecycle Management Software Market by CLM Offerings
        8.5.1    Licensing and Subscription
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Services
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Contract Lifecycle Management Software Market by Enterprise Size
        8.6.1    Large Enterprise
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Small and Medium Enterprise
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Contract Lifecycle Management Software Market by Industry
        8.7.1    Automotive
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Electrical and Electronics
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Pharmaceutical
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Retail and E-commerce
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Manufacturing
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    BFSI  
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Others
    8.8    Global Contract Lifecycle Management Software Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players' Market Share
    12.3    Company Profiles
        12.3.1    IBM Emptoris
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    SAP SE
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    Coupa Software Inc.
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    ESM Solutions Corporation
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications 
        12.3.5    Icertis
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Financial Summary
            12.3.5.5    Certifications 
        12.3.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Contract Lifecycle Management Software Market: Key Industry Highlights, 2016 and 2026
2.    Global Contract Lifecycle Management Software Historical Market: Breakup by Deployment Model (USD Billion), 2016-2020
3.    Global Contract Lifecycle Management Software Market Forecast: Breakup by Deployment Model (USD Billion), 2021-2026
4.    Global Contract Lifecycle Management Software Historical Market: Breakup by CLM Offerings (USD Billion), 2016-2020
5.    Global Contract Lifecycle Management Software Market Forecast: Breakup by CLM Offerings (USD Billion), 2021-2026
6.    Global Contract Lifecycle Management Software Historical Market: Breakup by Enterprise Size (USD Billion), 2016-2020
7.    Global Contract Lifecycle Management Software Market Forecast: Breakup by Enterprise Size (USD Billion), 2021-2026
8.    Global Contract Lifecycle Management Software Historical Market: Breakup by Industry (USD Billion), 2016-2020
9.    Global Contract Lifecycle Management Software Market Forecast: Breakup by Industry (USD Billion), 2021-2026
10.    Global Contract Lifecycle Management Software Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Contract Lifecycle Management Software Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Contract Lifecycle Management Software Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Contract Lifecycle Management Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Contract Lifecycle Management Software Market Structure

Key Questions Answered in the Report

What was the global market size in 2020?

In 2020, the global contract lifecycle management software market attained a value of nearly USD 1.25 billion. 

What is the growth rate of the market?

The market is projected to grow at a CAGR of 13.8% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 2.7 billion by 2026. 

What are the major industry drivers?

The major drivers of the industry, such as the growing demand for transparency and efficiency in business contracts, rising globalisation, increased need to manage data effectively and quickly, implementation of stringent regulatory policies, and rapid technological advancements, are expected to aid the market growth.

What are the key industry trends in the market?

The key trends guiding the growth of the market include the growing adoption of cloud-based contract lifecycle management software and the development of easy-to-use interface.

What are the major regional markets of contract lifecycle management software, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share. 

What is the leading deployment model of contract lifecycle management software in the industry?

The cloud-based segment is the leading deployment model of contract lifecycle management software in the industry.

What is the dominant offering of contract lifecycle management software?

The contract lifecycle management (CLM) offering segment is led by licensing and subscription.  

What is the leading enterprise-size in the industry?

The small and medium enterprise segment leads the industry. 

What are the major end-use sectors for the product in the industry?

The major end-use sectors for the product include automotive, electrical and electronics, pharmaceutical, retail and e-commerce, manufacturing, and BFSI, among others. 

Who are the key industry players, according to the report?

The major players in the industry are IBM Emptoris, SAP SE, Coupa Software Inc., ESM Solutions Corporation, and Icertis, among others.

Analyst Review

The global contract lifecycle management software market attained a value of USD 1.25 billion in 2020, driven by growing advancement in and acceptance of technology, and the increasing demand to manage data transparently and efficiently. Aided by the growing preference of cloud-based CLM software among consumers, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 13.8%. The market is projected to reach USD 2.7 billion by 2026. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its deployment model, the contract lifecycle management software industry can be bifurcated into cloud-based and on-premises, with the cloud-based segment accounting for the largest market share. On the basis of CLM offerings, the licensing and subscription segment accounts for the majority of the share in the industry. Based on enterprise-size, small and medium enterprises dominate the industry. On the basis of end uses, the industry is categorised into automotive, electrical and electronics, pharmaceutical, retail and e-commerce, manufacturing, and BFSI, among others. The major regional markets for contract lifecycle management software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include IBM Emptoris, SAP SE, Coupa Software Inc., ESM Solutions Corporation, and Icertis, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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