Contract Lifecycle Management System Market

Contract lifecycle management (CLM) System helps to organize the meticulous and complex contractual negotiation process between buyers and suppliers. These systems typically manage the entire contract lifecycle, from initial request for proposal (RFP) to later re-negotiations. It comprises of eight vital steps: contract drafting, negotiation, approval, compliance and administration, repository, compliance optimization, retrieval, and renewal, amendments and disposition. Contract lifecycle management (CLM) System ensures adherence to regulations, mitigates risks associated with a contract, protects an organization from incurring a penalty for non-compliance and enhances their decision-making process. Apart from this, it also helps the organization in forming alliances with other firms in order to expand their consumer base.

Contract Lifecycle Management System Market contains market size and forecasts of Contract Lifecycle Management System in Global, including the following market information:

Global Contract Lifecycle Management System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Contract Lifecycle Management System market was valued at 1865.2 million in 2021 and is projected to reach US$ 4911.3 million by 2028, at a CAGR of 14.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Contract Lifecycle Management System include SAP, IBM, Oracle, DocuSign, Coupa, Model N, Apttus, Icertis and Conga, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Contract Lifecycle Management System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Contract Lifecycle Management System Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Contract Lifecycle Management System Market Segment Percentages, by Type, 2021 (%)

Cloud Based

On-Premise

Global Contract Lifecycle Management System Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Contract Lifecycle Management System Market Segment Percentages, by Application, 2021 (%)

BFSI

Manufacturing

Real Estate

Automotive

Pharmaceuticals & Healthcare

IT & Telecom

Retail

Government

Others

Global Contract Lifecycle Management System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Contract Lifecycle Management System Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Contract Lifecycle Management System revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Contract Lifecycle Management System revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

SAP

IBM

Oracle

DocuSign

Coupa

Model N

Apttus

Icertis

Conga

Aurigo

Determine

Concord

Optimus BT

Agiloft

Ultria

ContractRoom

ContractWorks

CobbleStone

Contract Logix

Symfact