Global Contract Lifecycle Management System Market by Deployment Model (Cloud-Based and On-Premise), By Application (Large Enterprise and SMEs), By Industry Vertical (Automotive, BFSI, Electrical and Electronics, Pharmaceutical, and Others). Industry Analysis, Size, S hare, Growth, Trends, and Forecasts 2019-2025

  • Published On: Sep, 2019
  • Category: Telecom IT
  • Pages: 119
Global Contract Lifecycle Management System market is estimated to reach $3.1 Billion by 2025; growing at a CAGR of 14.91% till 2025

Global Contract Lifecycle Management System Market: Overview

Global Contract Lifecycle Management System market is estimated to reach $3.1 Billion by 2025; growing at a CAGR of 14.91% till 2025. Contract lifecycle management system is an organization contracts management from beginning through implementation, performance, as well as renewal/expiry, means it facilitates contract management from start-up to update. It includes various steps including negotiation, contract drafting, approval, compliance and management, repositories, compliance optimization, retrieval, update, revision, and disposition. It helps organizations proactively resolve expirations and contract renewals; thus it saves companies from losing business opportunities and allow them to negotiate on more favorable terms. Therefore, it is widely used in the public, medical, manufacturing, and financial services fields worldwide.

Global Contract Lifecycle Management System Market: Growth Factors

Increasing adoption among lawyers to recover similar contracts from the library that can view virtually in Microsoft Word, Excel, and PowerPoint to reduces work time, rising demand for CRM solution owing to emergence of cloud-based CLM system across many industries for easy-to-use interface, growing need of a collaborative approach to handling projects as well as joint ventures owing to rapid globalization are key driving factors of the market. However, improper tracking of payments and prices and it take significant time to copy, file and store might hamper the market growth. Rising advancements in CRM systems to improve efficiency, accuracy & productivity across all organization and increasing research & development activities across the globe would provide lucrative opportunities for the market in coming years.

Global Contract Lifecycle Management System Market: Segmentation

The global Contract Lifecycle Management System market is mainly classified based on Deployment Model, Application, Industry Vertical.  Deployment Model is further segmented into Cloud-Based, On-Premise. By Application the market is divided into Large Enterprise, SMEs. By Industry Vertical the market is further divided into Automotive, BFSI, Electrical and Electronics, Pharmaceutical, Others.

Global Contract Lifecycle Management System Market: Regional Analysis

Based on geography, the global Contract Lifecycle Management System market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Global Contract Lifecycle Management System Market: Competitive Players

Key players operating in the market include CallidusCloud, Agiloft, Inc., IBM, CobbleStone Systems Inc., Accelo Inc., Ultria, ManageEngine, Contract Logix LLC, Concord INC., Octiv Inc., SAP ERP, SpringCM Inc., ContractZen, Determine Inc., and ContractWorks

Contract Lifecycle Management System Market Key Segments:

By Deployment Model
  • Cloud-Based
  • On-Premise
By Application
  • Large Enterprise
  • SMEs
By Industry Vertical
  • Automotive
  • BFSI
  • Electrical and Electronics
  • Pharmaceutical
  • Others
By Geography
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • GCC Countries
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

Table of Content 1. Market Introduction 1.1. Executive Summary 1.2. Market Definition 1.3. Market Scope 2. Research Methodology 2.1. Primary Research 2.2. Research Methodology 2.3. Assumptions & Exclusions 2.4. Secondary data sources 3. Contract Lifecycle Management System Market Overview 3.1. Report Segmentation & Scope 3.2. Key Market Trend 3.3. Drivers 3.3.1. Increasing adoption among lawyers to recover similar contracts from the library. 3.3.2. Rising demand for CRM solution owing to the emergence of cloud-based CLM system across many industries for easy-to-use interface. 3.3.3. Growing need for a collaborative approach to handling projects as well as joint ventures owing to rapid globalization. 3.4. Restraints 3.4.1. Improper tracking of payments and prices. 3.5. Opportunity 3.5.1. Rising advancements in CRM systems to improve efficiency, accuracy & productivity across all organization. 3.5.2. Increasing research & development activities across the globe. 3.6. Porter’s Five Forces Analysis 3.6.1. Porter’s Five Forces Analysis 3.7. Market Share Analysis 4. Deployment Model Overview 4.1. Introduction 4.1.1. Market Size & Forecast 4.2. Cloud-Based 4.2.1. Market Size & Forecast 4.3. On-Premise 4.3.1. Market Size & Forecast 5. Application Overview 5.1. Introduction 5.1.1. Market Size & Forecast 5.2. Large Enterprise 5.2.1. Market Size & Forecast 5.3. SMEs 5.3.1. Market Size & Forecast 6. Industry Vertical Overview 6.1. Introduction 6.1.1. Market Size & Forecast 6.2. Automotive 6.2.1. Market Size & Forecast 6.3. BFSI 6.3.1. Market Size & Forecast 6.4. Electrical and Electronics 6.4.1. Market Size & Forecast 6.5. Pharmaceutical 6.5.1. Market Size & Forecast 6.6. Others 6.6.1. Market Size & Forecast 7. Contract Lifecycle Management System Market Regional Overview 7.1. Introduction 7.1.1. Market Size & Forecast 7.2. North America Contract Lifecycle Management System Market 7.2.1. North America Market Size & Forecast, By Country 7.2.2. North America Market Size & Forecast, By Deployment Model 7.2.3. North America Market Size & Forecast, By Application 7.2.4. North America Market Size & Forecast, By Industry Vertical 7.2.5. The U.S. 7.2.5.1. Market Size and Forecast 7.2.6. Canada 7.2.6.1. Market Size and Forecast 7.2.7. Mexico 7.2.7.1. Market Size and Forecast 7.3. Europe Contract Lifecycle Management System Market 7.3.1. Europe Market Size & Forecast, By Country 7.3.2. Europe Market Size & Forecast, By Deployment Model 7.3.3. Europe Market Size & Forecast, By Application 7.3.4. Europe Market Size & Forecast, By Industry Vertical 7.3.5. Germany 7.3.5.1. Market Size and Forecast 7.3.6. France 7.3.6.1. Market Size and Forecast 7.3.7. UK 7.3.7.1. Market Size and Forecast 7.3.8. Italy 7.3.8.1. Market Size and Forecast 7.3.9. Spain 7.3.9.1. Market Size and Forecast 7.3.10. Rest of Europe 7.3.10.1. Market Size and Forecast 7.4. Asia-Pacific Contract Lifecycle Management System Market 7.4.1. Asia-Pacific Market Size & Forecast, By Country 7.4.2. Asia-Pacific Market Size & Forecast, By Deployment Model 7.4.3. Asia-Pacific Market Size & Forecast, By Application 7.4.4. Asia-Pacific Market Size & Forecast, By Industry Vertical 7.4.5. Japan 7.4.5.1. Market Size and Forecast 7.4.6. China 7.4.6.1. Market Size and Forecast 7.4.7. Australia 7.4.7.1. Market Size and Forecast 7.4.8. India 7.4.8.1. Market Size and Forecast 7.4.9. South Korea 7.4.9.1. Market Size and Forecast 7.4.10. Rest of Asia-Pacific 7.4.10.1. Market Size and Forecast 7.5. South America Contract Lifecycle Management System Market 7.5.1. South America Market Size & Forecast, By Country 7.5.2. South America Market Size & Forecast, By Deployment Model 7.5.3. South America Market Size & Forecast, By Application 7.5.4. South America Market Size & Forecast, By Industry Vertical 7.5.5. Brazil 7.5.5.1. Market Size and Forecast 7.5.6. Argentina 7.5.6.1. Market Size and Forecast 7.5.7. Rest of South America 7.5.7.1. Market Size and Forecast 7.6. The Middle East & Africa Contract Lifecycle Management System Market 7.6.1. The Middle East & Africa Market Size & Forecast, By Country 7.6.2. The Middle East & Africa Market Size & Forecast, By Deployment Model 7.6.3. The Middle East & Africa Market Size & Forecast, By Application 7.6.4. The Middle East & Africa Market Size & Forecast, By Industry Vertical 7.6.5. GCC Countries 7.6.5.1. Market Size and Forecast 7.6.6. Egypt 7.6.6.1. Market Size and Forecast 7.6.7. South Africa 7.6.7.1. Market Size and Forecast 7.6.8. Rest of Middle East & Africa 7.6.8.1. Market Size and Forecast 8. Company Profile 8.1. CallidusCloud 8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 8.1.2. CallidusCloud Product Category, Application, and Specification 8.1.3. CallidusCloud Financial Performance (2016-2018) 8.1.4. Main Business/Business Overview 8.2. Agiloft, Inc. 8.3. IBM 8.4. CobbleStone Systems Inc. 8.5. Accelo Inc. 8.6. Ultria 8.7. ManageEngine 8.8. Contract Logix LLC 8.9. Concord INC. 8.10. Octiv Inc. 8.11. SAP ERP 8.12. SpringCM Inc. 8.13. ContractZen 8.14. Determine Inc. 8.15. ContractWorks

Key Market Players
  • CallidusCloud
  • Agiloft, Inc.
  • IBM
  • CobbleStone Systems Inc.
  • Accelo Inc.
  • Ultria
  • ManageEngine
  • Contract Logix LLC
  • Concord INC.
  • Octiv Inc.
  • SAP ERP
  • SpringCM Inc.
  • ContractZen
  • Determine Inc.
  • ContractWorks

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Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

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