Contract Lifecycle Management (CLM) Market Segmentation by Deployment (On-Premise, and Cloud-Based); by Enterprise Size (Large, and Small and Medium Enterprise); by Offering (Licensing and Subscription, and Services); and by End User (Automotive, Electrical and Electronics, Pharmaceutical, Retail and E-commerce, Manufacturing, BFSI, and Others) – Global Demand Analysis & Opportunity Outlook 2030

Buy Now Report ID: 3633 | Published Date: Feb 07, 2023

Global Contract Lifecycle Management (CLM) Market Regional Synopsis

On the basis of geographical analysis, the global contract lifecycle management (CLM) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing adoption of sophisticated technologies in several different industry verticals, and generation of huge amounts of data in the region. Apart from these, introduction of new trends in the automobile industry, namely autonomous cars, is also projected to fuel the region’s market growth in the coming years. Additionally, the market in North America is expected to acquire the largest share during the forecast period ascribing to the rising number of small and medium sized organizations, and growing investments by vendors to develop CLM software with enhanced capabilities in the region.  As per the data provided by the United States Census Bureau, there were around 6.1 million employer firms in the U.S. in 2018, with firms with less than 500 employees accounting for 99.7 percent of those businesses.

Contract Lifecycle Management (CLM) Market

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The global contract lifecycle management (CLM) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • 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 & Opportunity Analysis

CLM Market
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Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure

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 contract lifecycle management (CLM) market includes the following segments:

By Deployment

  • On-Premise
  • Cloud-Based

By Enterprise Size

  • Large Enterprise
  • Small and Medium Enterprise

By Offering

  • Licensing and Subscription
  • Services

By End User

  • Automotive
  • Electrical and Electronics
  • Pharmaceutical
  • Retail and E-commerce
  • Manufacturing
  • BFSI
  • Others

Growth Drivers

  • Rapidly Growing Urbanization Around the World
  • Rising Requirement for a Collaborative Approach in Handling Projects


  • Risk of Cyberattacks
  • Lack of Skilled Professionals

Research and Development Expenditure
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Top Featured Companies Dominating the Market

    • SAP SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Coupa Software Inc.
    • IBM Corporation
    • Corcentric, LLC
    • Wolters Kluwer ELM Solutions, Inc.
    • Oracle Corporation
    • Optimus BT, Inc.
    • Contract Logix, LLC
    • Newgen Software Technologies Limited
    • Ivalua, Inc.


In The News

  • April 2019- Coupa announced that it entered in an agreement to acquire Exari, which is a leading provider of contract lifecycle management.


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.

Author Credits:  Abhishek Verma, Hetal Singh

Key Questions Answered in the Report

1) What are the major factors driving the growth of the contract lifecycle management market?

Ans: The major factors driving market growth are the rapidly growing urbanization around the world and the rising requirement for a collaborative approach in handling projects.

2) What would be the CAGR of contract lifecycle management market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the contract lifecycle management market growth?

Ans: Risk of cyberattacks and lack of skilled professionals are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of contract lifecycle management market in future?

Ans: Asia Pacific will provide more business opportunities for market growth owing to the increasing adoption of sophisticated technologies in several different industry verticals in the region.

5) Who are the major players dominating the contract lifecycle management market?

Ans: The major players in the market are SAP SE, Coupa Software Inc., IBM Corporation, Corcentric, LLC, 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 contract lifecycle management (CLM) market?

Ans: The market is segmented by deployment, enterprise size, offering, end user, and by region.

8) Which segment captures the largest market size in the deployment segment in the contract lifecycle management (CLM) market?

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

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