Market Definition
Increasing demand for agile contract management, changes in compliance, and increased complexity owing to diversity in sales and licensing models are the major factors driving the growth of market. Healthcare and Life sciences vertical is expected to hold the largest market share. Hospitals manage large volumes of contracts, all of which must follow various compliance regulations and performance standards. The use of advanced contract management software in hospitals streamlines their workflow, saving time, and mitigating the risk of missing any important steps. Over the years, contract management software has also undergone significant technological evolution. The latest contract management software available in the market is fully compliant with HIPAA and other international standards regarding the privacy and security of patient information and other legal documents. This is driving the uptake of contract management software among hospitals. SME’s segment is expected to grow at the highest CAGR during the forecast period. Maximum productivity and reduced cost are crucial factors for these enterprises, as they have limited budgets to keep track of their contracts. Hence, these organizations require a cost-effective solution that can help them optimize their contracts. North America is estimated to account for the largest market share. The presence of key players such as Coupa, Docusign, Icertis, Apttus, and Zycus etc. in the region is a major driving factor for the growth of North American market. Contract management software market players in this region invest heavily in research and development. In North America, organizations must maintain an organized record of contracts. By implementing clear policies and using streamlined contract management tools, these organizations can bring transparency to their contract management. Moreover, favorable regulations such as the Health Insurance Portability & Accountability Act (HIPAA) boost the adoption of contract management software in the region.
Report Scope
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share.
Major Market Players
The report consists of the list of the vendor's profile of Contract Management Software market key players include Aavenei, Agiloft, Apptus, CLM Matrix, CobbleStone Software, Conga, Concord , ContractWorks, ContractsWise , Coupa , Determine, DocuSign, IBM, Icertis, GEP, HighQ, JAGGAER, SAP Ariba, Synertrade, Trackado, and Zycus.
Contract Management Software Market report has been categorized as below
By Component
- Software
- Services
- Consulting
- Implementation
- Support and Maintenance
By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
By Deployment Type
- On-Premises
- Cloud
By Business Function
- Legal
- Sales
- Procurement
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East and Africa
The years considered for the study are as follows:
- Base year - 2020
- Estimated year - 2021
- Projected year - 2022
- Forecast period - 2021 to 2027
Key Questions Addressed by the Report
- New products/service competitor is exploring?
- Key players in the market and how intense is the competition?
- What are the upcoming industry trends that manufacturers are focusing on in the future updates?
- For each segment, what are the significant opportunities in the market?
- What are the key growth strategies adopted by major market players in the market?
- What are the key success strategies adopted by major competitors in the market?
Why Buy this Report:
- Gain comprehensive insights on Contract Management Software industry & market trends
- Note complete analysis of the market status
- Recognize the market opportunities and growth segments
- Evaluating business segments & product portfolios, and interpret competitive dynamics
- Facilitate strategy planning and industry dynamics to strengthen decision making
Report Content
- Contract Management Software Market
Introduction
- Key Insights
- Report Overview
- Markets Covered
- Stakeholders
- Research Methodology
- Research Scope
- Market Research Process
- Research Data Analysis
- Market Size Estimation
- Executive Summary
- Market Overview
- Introduction
- Market Drivers and Restraints
- By Component
- Software
- Services
5.2.1. Consulting
5.2.2. Implementation
5.2.3. Support and Maintenance
- By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
- By Deployment Type
- On-Premises
- Cloud
- By Business Function
- Legal
- Sales
- Procurement
- By Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- South Korea
- Rest of APAC
- Middle East and Africa
- Kingdom of Saudi Arabia
- Qatar
- United Arab Emirates
- South Africa
- Rest of Middle East and Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Company Profile
(Profile contain company overview, products/services, financials & recent developments)
10.1. SAP Ariba
10.2. Coupa
10.3. DocuSign
10.4. Icertis
10.5. Apttus
10.6. Zycus
10.7. GEP
10.8. Agiloft
10.9. CobbleStone Software
10.10. CLM Matrix
10.11. Conga
10.12. Concord
10.13. Determine
10.14. JAGGAER
10.15. IBM
