Contract Lifecycle Management Software Market Share, Size, Growth, Demand and Forecast Till 2024: IMARC Group

1. Global Contract Lifecycle Management Software Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Contract Lifecycle Management Software Market Overview: According to the latest report by IMARC Group, titled “Contract Lifecycle Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global contract lifecycle management software market reached a value of US$ 1.1 Billion in 2018. Contract lifecycle management (CLM) software helps in the management of contracts from the point of initiation to the process of renewal. It comprises various steps which include negotiation, contract drafting, approval, compliance and administration, repository, compliance optimization, retrieval, renewal, amendments, and disposition. It helps an organization to proactively address expirations and contract renewals, thereby saving the company from losing business opportunities and allowing them to negotiate in more favorable terms. As a result, it is widely used in the public, healthcare, manufacturing and financial service sectors worldwide. Contract Lifecycle Management Software Market Trends Before the digital era, contracts were written and managed on paper manually. However, the introduction of CLM software has helped organizations in maintaining a record of dates, prices and information about internal as well as external entities.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ In Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 As the cost of non-compliance is high, several companies are now relying on these applications to reduce the chances of incurring the penalties. Looking forward, the market is projected to reach a value of US$ 2.4 Billion by 2024, expanding at a CAGR of 14% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/contract-lifecycle-management- software-market/requestsample

5. Report Description and Highlights Report Description The application provides efficiency and transparency in the reporting mechanism which enables organizations to rectify loopholes in their system and flag problematic contracts before they are executed. It also allows lawyers to access the archive of similar agreements to utilize them for reference purposes. In addition to this, it helps organizations in ensuring compliance with regulations introduced by the governing bodies. For more information, click here: https://www.imarcgroup.com/contract-lifecycle-management- software-market Key Market Segmentation: Market Segmentation by Deployment Model • • Cloud-Based On-Premises Based on deployment models, the market has been bifurcated into cloud-based and on-premises. Amongst these, the cloud-based deployment model dominates the market, holding the largest share.

6. Report Description and Highlights Report Description Market Segmentation by CLM Offerings • • Licensing and Subscription Services On the basis of offerings, licensing and subscription represent the largest segment, accounting for the majority of the global market share, followed by services. Market Segmentation by Enterprise Size • • Large Enterprise Small and Medium Enterprise The market has been segregated on the basis of enterprise sizes into large, and small and medium enterprises. Market Segmentation by Industry

7. Report Description and Highlights Report Description • • • • • • • Automotive Electrical and Electronics Pharmaceutical Retail and E-commerce Manufacturing BFSI Others Based on industries, the market has been classified into automotive, electrical and electronics, pharmaceutical, retail and e-commerce, manufacturing, BFSI, and others. Market Segmentation by Region • • • • • North America Europe Asia Pacific Middle East and Africa Latin America

8. Report Description and Highlights Report Description Region-wise, the market has been segmented into Europe, Asia Pacific, North America, Middle East and Africa, and Latin America. At present, North America is the biggest market, holding the majority of the total market share. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • • • • • • CLM Matrix IBM Emptoris Icertis SAP BravoSolution Contracked Contract Logix Coupa Software Determine Easy Software

9. Report Description and Highlights Report Description • • • • • • • • • • ESM Solutions Great Minds Software Infor Ivalua Optimus BT Oracle Symfact SpringCM Newgen Software Zycus Browse Related Report Weight Management Market Report: https://www.imarcgroup.com/weight-management-market Home Energy Management System Market Report: https://www.imarcgroup.com/home-energy- management-systems-market

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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