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Global Contract Life-Cycle Management Software Market
This report studies the global Contract Life-cycle Management Software market, analyzes and researches the Contract Life-cycle Management Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
Overview:
Contract lifecycle management (CLM) automates and streamlines contract processes during key stages, including initiation, execution, process and workflow, ongoing management and compliance (within the repository), negotiation and approval, and contract renewal. CLM tools and/or software streamline the process of contracting from start to finish, bringing benefits to both the pre- and post-signature phases of contracting and creating self-service opportunities for stakeholders. Contract management solutions involve the management of contracts from partners, vendors, customers, or employees.
Market Drivers:
Increasing adoption of contract management software changing legal compliances is expected to boost growth of the global contract life-cycle management software market over the forecast period. For instance, in August 2021, Barhead announced the launch of a contract lifecycle and matter management platform. Dubbed Consensus, the product is billed as a game changer for contract lifecycle management (CLM) software and offers an end-to-end contract and matter management app for legal, procurement, and contract teams. Hence, such factors are expected to drive growth of the global contract life-cycle management software market.
Moreover, increasing demand for smart contracts, rising automation of contract management process using AI and Ml, and increasing demand for agile contract management is expected to aid in the growth of global contract life-cycle management software market.
Market Restraints:
Increased threat of cyber-attacks, security concerns, and insufficiency in skilled professionals are some major factors expected to hamper growth of the market over the forecast period.
Regional Insights:
Among regions, North America and Asia Pacific are expected to witness robust growth in the global contract life-cycle management software market due to increasing adoption of contract management software, rising automation, changing legal compliances, and increasing demand for high level data security in software. For instance, in August 2020, Simplify Healthcare launched a modular and highly configurable contract lifecycle management software solution, eContractSync. It is designed by Health Plan professionals for the contracting needs of Health Plans, specifically in the areas of Provider and Customer contracts.
Competitive Section:
Major companies involved in the global contract life-cycle management software market are Symfact, Oracle, Optimus BT, Ivalua, Infor, Determine, Contracked, BravoSolution, Icertis, Apttus ESM Solutions, IBM Emptoris, CLM Matrix, EASY SOFTWARE, Contract Logix, Coupa Software, SAP, and Great Minds Software, among others.
For instance, in October 2021, Carahsoft and Icertis joined forces to bring contract life-cycle management solutions to the public sector.
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Contract Life-cycle Management Software can be split into
Cloud-based
On-premises
Market segment by Application, Contract Life-cycle Management Software can be split into
Hospital
Lab
Others
Table of Contents
Global Contract Life-cycle Management Software Market Size, Status and Forecast 2025
1 Industry Overview of Contract Life-cycle Management Software
1.1 Contract Life-cycle Management Software Market Overview
1.1.1 Contract Life-cycle Management Software Product Scope
1.1.2 Market Status and Outlook
1.2 Global Contract Life-cycle Management Software Market Size and Analysis by Regions
1.2.1 United States
1.2.2 EU
1.2.3 Japan
1.2.4 China
1.2.5 India
1.2.6 Southeast Asia
1.3 Contract Life-cycle Management Software Market by Type
1.3.1 Cloud-based
1.3.2 On-premises
1.4 Contract Life-cycle Management Software Market by End Users/Application
1.4.1 Hospital
1.4.2 Lab
1.4.3 Others
2 Global Contract Life-cycle Management Software Competition Analysis by Players
2.1 Contract Life-cycle Management Software Market Size (Value) by Players (2018 and 2019)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 Apttus
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 CLM Matrix
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 IBM Emptoris
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 Icertis
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 SAP
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 BravoSolution
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Contracked
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 Contract Logix
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Coupa Software
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.9.5 Recent Developments
3.10 Determine
3.10.1 Company Profile
3.10.2 Main Business/Business Overview
3.10.3 Products, Services and Solutions
3.10.4 Contract Life-cycle Management Software Revenue (Value) (2014-2019)
3.10.5 Recent Developments
3.11 EASY SOFTWARE
3.12 ESM Solutions
3.13 Great Minds Software
3.14 Infor
3.15 Ivalua
3.16 Optimus BT
3.17 Oracle
3.18 Symfact
4 Global Contract Life-cycle Management Software Market Size by Type and Application (2014-2019)
4.1 Global Contract Life-cycle Management Software Market Size by Type (2014-2019)
4.2 Global Contract Life-cycle Management Software Market Size by Application (2014-2019)
4.3 Potential Application of Contract Life-cycle Management Software in Future
4.4 Top Consumer/End Users of Contract Life-cycle Management Software
5 United States Contract Life-cycle Management Software Development Status and Outlook
5.1 United States Contract Life-cycle Management Software Market Size (2014-2019)
5.2 United States Contract Life-cycle Management Software Market Size and Market Share by Players (2018 and 2019)
6 EU Contract Life-cycle Management Software Development Status and Outlook
6.1 EU Contract Life-cycle Management Software Market Size (2014-2019)
6.2 EU Contract Life-cycle Management Software Market Size and Market Share by Players (2018 and 2019)
7 Japan Contract Life-cycle Management Software Development Status and Outlook
7.1 Japan Contract Life-cycle Management Software Market Size (2014-2019)
7.2 Japan Contract Life-cycle Management Software Market Size and Market Share by Players (2018 and 2019)
8 China Contract Life-cycle Management Software Development Status and Outlook
8.1 China Contract Life-cycle Management Software Market Size (2014-2019)
8.2 China Contract Life-cycle Management Software Market Size and Market Share by Players (2018 and 2019)
9 India Contract Life-cycle Management Software Development Status and Outlook
9.1 India Contract Life-cycle Management Software Market Size (2014-2019)
9.2 India Contract Life-cycle Management Software Market Size and Market Share by Players (2018 and 2019)
10 Southeast Asia Contract Life-cycle Management Software Development Status and Outlook
10.1 Southeast Asia Contract Life-cycle Management Software Market Size (2014-2019)
10.2 Southeast Asia Contract Life-cycle Management Software Market Size and Market Share by Players (2018 and 2019)
11 Market Forecast by Regions, Type and Application (2019-2025)
11.1 Global Contract Life-cycle Management Software Market Size (Value) by Regions (2019-2025)
11.1.1 United States Contract Life-cycle Management Software Revenue and Growth Rate (2019-2025)
11.1.2 EU Contract Life-cycle Management Software Revenue and Growth Rate (2019-2025)
11.1.3 Japan Contract Life-cycle Management Software Revenue and Growth Rate (2019-2025)
11.1.4 China Contract Life-cycle Management Software Revenue and Growth Rate (2019-2025)
11.1.5 India Contract Life-cycle Management Software Revenue and Growth Rate (2019-2025)
11.1.6 Southeast Asia Contract Life-cycle Management Software Revenue and Growth Rate (2019-2025)
11.2 Global Contract Life-cycle Management Software Market Size (Value) by Type (2019-2025)
11.3 Global Contract Life-cycle Management Software Market Size by Application (2019-2025)
12 Contract Life-cycle Management Software Market Dynamics
12.1 Contract Life-cycle Management Software Market Opportunities
12.2 Contract Life-cycle Management Software Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 Contract Life-cycle Management Software Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 Contract Life-cycle Management Software Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
14 Research Finding/Conclusion
15 Appendix
Methodology
Analyst Introduction
Data Source
