Global contract management software market was valued at around USD 1.36 Billion in 2018, and is expected to reach approximately USD 3.30 Billion in 2025, at a CAGR slightly above 13.5% between 2018 and 2025.
Global contract management software market was valued at around USD 1.36 Billion in 2018, and is expected to reach approximately USD 3.30 Billion in 2025, at a CAGR slightly above 13.5% between 2018 and 2025.
Contract management software is a series of programs for managing and storing legal agreements like leases and licensing agreements and contracts with other parties. The vital role of software is to simplify managerial tasks and decrease overhead by providing unified view of each contract. It has become an essential tool keep a track of many activities with cost implications, and can also be helpful for monitoring risk, automating administration, running reports, triggering alerts and ensuring compliance.
The contract management software market will witness growth in the anticipated timeframe, owing to the extensive use of this software in the enterprise form managing new contract requests, contract creation and negotiation and the ability to capture data related to document and contract authoring. The demand for the software is fueled due to the rising demand for efficient contract management to manage the increasing contract volume across the globe.
Furthermore, the demand for contract management software is anticipated to propel in the anticipated period owing to the rising use of software by the small and medium enterprises. Increasing productions with optimum use of raw material and reduced cost are the crucial factors for the enterprise, owing to the limited budget to keep a track of their contract. Therefore, these small and medium enterprises require cost-effective solutions that can help them optimize their contract. Some of the software packages also provide alert notifications that can affect a contract, like the renewal or cutoff date for the contract or the contract's end life date. Other low-end contract management software provides guidelines and templates which enables the user to store and create software for their own contract. However, a lack of skilled workforce and increased threat of cyber-attacks might hinder contract management software market growth in the long run.
The contract management software market is segmented into organization size, business function, and vertical. The vertical is segmented into Telecom & IT & eCommerce, Government, BFSI, Healthcare & Life Sciences & Life Sciences, Telecom & IT, Manufacturing, Transportation & Logistics, and Others. Healthcare & Life Sciences & life sciences is predicted to hold a noteworthy share in the market during the anticipated timeframe. Large organizations have to manage a huge volume of contracts, in compliance with performance and regulations standards. The increasing use of contract management solutions software in hospitals to save time, mitigating risk and also to streamline their workflow is anticipated to foster the market growth in the predicted time frame.
The contract management software in North America is projected to witness growth in the long run. The region is also a prominent revenue contributor to the contract management software market, owing to the presence of key market players such as Docusign, Coupa, Apttus, Icertis, and Zycus among others is likely to promote market demand in the timeframe.
Renowned contract management software market players are Agiloft, Aaveneir, CLM Matrix, Apptus, Conga, CobbleStone Software, ContractWorks, Concord, and Coupa among others.
Global Contract Management Software Market: Organization Size Segment Analysis
Global Contract Management Software Market: Business Function Segment Analysis
Global Contract Management Software Market: Vertical Segment Analysis
List of Figures
1. Market research process
2. Market research methodology
3. Global Contract Management Software Market, 2016–2025 (USD Million)
4. Global Contract Management Software Market, 2016–2025 (USD Million)
5. Porter’s Five Forces Analysis
6. Global Contract Management Software Market attractiveness, By Organization Size
7. Global Contract Management Software Market attractiveness, By Business Function
8. Global Contract Management Software Market attractiveness, By Vertical
9. Global Contract Management Software Market share, By Organization Size, 2018 and 2025
10. Global Contract Management Software Market by SMEs, 2016–2025 (USD Million)
11. Global Contract Management Software Market by Large Enterprises,2016–2025 (USD Million)
12. Global Contract Management Software Market share, By Business Function, 2018 and 2025
13. Global Contract Management Software Market By Sales, 2016–2025 (USD Million)
14. Global Contract Management Software Market By Legal, 2016–2025 (USD Million)
15. Global Contract Management Software Market By Procurement, 2016–2025 (USD Million)
16. Global Contract Management Software Market By Others, 2016–2025 (USD Million)
17. Global Contract Management Software Market share, By Vertical, 2018 and 2025
18. Global Contract Management Software Market by Telecom & IT & eCommerce, 2016–2025 (USD Million)
19. Global Contract Management Software Market by Government, 2016–2025 (USD Million)
20. Global Contract Management Software Market by BFSI, 2016–2025 (USD Million)
21. Global Contract Management Software Market by Healthcare & Life Sciences, 2016–2025 (USD Million)
22. Global Contract Management Software Market by Telecom & IT, 2016–2025 (USD Million)
23. Global Contract Management Software Market by Manufacturing, 2016–2025 (USD Million)
24. Global Contract Management Software Market by Transportation & Logistics, 2016–2025 (USD Million)
25. Global Contract Management Software Market by Others, 2016–2025 (USD Million)
26. Global Contract Management Software Market share, by Region, 2018 and 2025
27. North America Contract Management Software Market, 2016–2025 (USD Million)
28. Europe Contract Management Software Market, 2016–2025 (USD Million)
29. Asia Pacific Contract Management Software Market, 2016–2025 (USD Million)
30. Latin America Contract Management Software Market, 2016–2025 (USD Million)
31. The Middle East and Africa Contract Management Software Market, 2016–2025 (USD Million)
List of Tables
1. Global Contract Management Software Market: snapshot
2. Drivers of the Contract Management Software Market: impact analysis
3. Restraints of the Contract Management Software Market: impact analysis
4. North America Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
5. North America Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
6. North America Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
7. The U.S. Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
8. The U.S. Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
9. The U.S. Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
10. Rest of North America Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
11. Rest of North America Contract Management Software Market revenue, By Business Function,2016–2025 (USD Million)
12. Rest of North America Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
13. Europe Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
14. Europe Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
15. Europe Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
16. U.K. Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
17. U.K. Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
18. U.K. Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
19. France Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
20. France Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
21. France Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
22. Germany Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
23. Germany Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
24. Germany Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
25. Rest of Europe Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
26. Rest of Europe Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
27. Rest of Europe Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
28. Asia Pacific Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
29. Asia Pacific Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
30. Asia Pacific Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
31. China Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
32. China Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
33. China Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
34. Japan Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
35. Japan Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
36. Japan Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
37. India Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
38. India Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
39. India Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
40. Rest of Asia Pacific Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
41. Rest of Asia Pacific Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
42. Rest of Asia Pacific Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
43. Latin America Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
44. Latin America Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
45. Latin America Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
46. Brazil Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
47. Brazil Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
48. Brazil Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
49. Rest of Latin America Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
50. Rest of Latin America Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
51. Rest of Latin America Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
52. The Middle East and Africa Contract Management Software Market revenue, By Organization Size,2016–2025 (USD Million)
53. The Middle East and Africa Contract Management Software Market revenue, By Business Function, 2016–2025 (USD Million)
54. The Middle East and Africa Contract Management Software Market revenue, By Vertical, 2016–2025 (USD Million)
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