Agreement Analytics Market

Segmentation by Deployment (Cloud-Based, and On-Premise); by Component (Solutions, and Services); and by Application (BFSI, Transportation, Government, Retail and eCommerce, Healthcare, Telecom and IT, Manufacturing, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3595 | Published On: Feb 07, 2023
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Global Agreement Analytics Market Regional Synopsis

On the basis of geographical analysis, the global agreement analytics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the large amount of data generated in the region as a result of increasing population. Growing adoption of new technologies in industry verticals such as transportation, retail and eCommerce, and manufacturing is also expected to bolster APAC’s market growth in the coming years. Additionally, the market in North America is projected to occupy the largest share during the forecast period ascribing to the expanding presence of vendors exploring AI in retail and natural processing techniques, and increase in the number of small and medium sized organizations in the region. From 2019 to 2021, more than 39 percent of the firms in the United States used AI for managing data as a business asset, whereas approximately 30 percent companies were able to transform their business outcomes with this technology.

 Agreement Analytics Market Share Graph

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The global agreement analytics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Agreement Analytics Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

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The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Market Segmentation

Our in-depth analysis of the global agreement analytics market includes the following segments:

By Deployment

  • Cloud-Based
  • On-Premise

By Component

  • Solutions
  • Services

By Application

  • BFSI
  • Transportation
  • Government
  • Retail and eCommerce
  • Healthcare
  • Telecom and IT
  • Manufacturing
  • Others

Growth Drivers

  • Generation of Massive Amounts of IT Operational Data
  • Growing Emphasis on Adoption of Cloud-Based Agreement Analytics Solutions


  • Security Concerns Regarding Confidential Data

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Top Featured Companies Dominating the Market

    • Oracle Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • IBM Corporation
    • C-Lutions, LLC
    • SAP SE
    • BravoSolution
    • Contract Logix, LLC
    • Corcentric, Inc.
    • ESM Solutions Corporation
    • Newgen Software Technologies Limited
    • Conduent, Inc.

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the agreement analytics market?

Ans: The major factors driving market growth are generation of massive amounts of IT operational data, and growing emphasis on adoption of cloud-based agreement analytics solutions.

2) What would be the CAGR of agreement analytics market over the forecast period?

Ans: The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the agreement analytics market growth?

Ans: Security concerns regarding confidential data is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of agreement analytics market in future?

Ans: Asia Pacific will provide more business opportunities for market growth owing to the large amount of data generated in the region as a result of increasing population.

5) Who are the major players dominating the agreement analytics market?

Ans: The major players in the market are Oracle Corporation, IBM Corporation, C-Lutions, LLC, SAP SE, BravoSolution, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the agreement analytics market?

Ans: The market is segmented by deployment, component, application, and by region.

8) Which segment captures the largest market size in the deployment segment in the agreement analytics market?

Ans: The cloud-based segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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