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Contract Life-cycle Management Software Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR45439
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The contract life-cycle management software market share is expected to increase by USD 2.33 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 20.47%.

The market research report extensively covers market segmentation by deployment (on-premise and cloud-based) and geography (North America, Europe, APAC, MEA, and South America). This market report also offers information on several market vendors, including Contract Logix LLC, Coupa Software Inc., Icertis Inc., Infor Inc., Oracle Corp., Robobai Pty Ltd., SAP SE, International Business Machines Corp., Thoma Bravo LP, and Wolters Kluwer NV among others.

What will the Contract Life-cycle Management Software Market Size be During the Forecast Period?

Contract Life-cycle Management Software Market Size

Download the Free Report Sample to Unlock the Contract Life-cycle Management Software Market Size for the Forecast Period and Other Important Statistics

 

Contract Life-cycle Management Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The pricing strategies of vendors is notably driving the market growth, although factors such as high implementation and maintenance cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the contract life-cycle management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Contract Life-cycle Management Software Market Driver

One of the key factors driving growth in the market is the pricing strategies of vendors. To thrive in a competitive market environment, the software vendors are adopting customer-centric pricing strategies enabled by advances in technology. Several vendors in the contract lifecycle management market are focusing on providing value-based pricing models depending on the customer's needs and value perception. The pricing of the software is based on varied features of the software solution and the value-added features provided to the customers. The high price of the software and constrained IT budgets have led the vendors to re-evaluate the software pricing and delivery models. Therefore, vendors are providing SaaS, commercial open-source models, and term licensing to be in sync with the changing demands. Varying pricing structures of the legal practice management software will increase its adoption among end-users.

Key Contract Life-cycle Management Software Market Trend

The emergence of analytics in contract life-cycle management is another factor supporting the market share growth. Contract life-cycle management provides reporting and analytical capabilities across all aspects of the contracts and compliance life-cycle. Enterprises are increasingly adopting contract life-cycle management built-in analytics to understand and interpret historical data points. This helps them to immediately access any contract information for comparisons, potential risks, and future performance estimates within the supply chain. With built-in analytics, it helps to manage risk and optimize performance. Enterprises gain a better understanding of the patterns that are most valuable and useful in their contracts. They can use the derived insights from analytics tools to enhance their existing business relationships and accordingly pick the optimum contractor during contract renewals or while making new contract decisions.

Key Contract Life-cycle Management Software Market Challenge

The high implementation and maintenance cost will be a major challenge for the market during the forecast period. The price of the contract lifecycle management includes the cost of software licensing, system design and customization, implementation, training, and maintenance. An organization that has purchased the software requires IT staff with the relevant skillset for successful implementation of the software. Implementation of the contract life-cycle management requires self-assessment, planning, adequate funding, clear vision, and cooperation at all managerial levels. These factors lead to an increased cost of implementation of the contract life-cycle management, which adversely affects its adoption among the end-users, especially small enterprises.

This contract life-cycle management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global contract life-cycle management software market as a part of the global application software market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Contract Life-cycle Management Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Contract Logix LLC 
  • Coupa Software Inc.
  • Icertis Inc.
  • Infor Inc.
  • Oracle Corp.
  • Robobai Pty Ltd.
  • SAP SE
  • International Business Machines Corp.
  • Thoma Bravo LP
  • Wolters Kluwer NV

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Contract Logix LLC - The company offers contract life cycle management software named Premium CLM Platform.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Contract Life-cycle Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Contract Life-cycle Management Software Market?

Contract Life-cycle Management Software Market Market segmentation by region

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44% of the market's growth will originate from North America during the forecast period. The US is the key market for contract life-cycle management software in North America. Market growth in this region will b faster than the growth of the market in the European, MEA, and South American regions.

The rise in regulatory legislation in various industries will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 is expected to propel the growth of the market in North America. The emergence of a new business environment with a remote working culture is increasing the adoption of cloud services and digitization for planning, tracking, and monitoring project status. Lockdown norms across various industries have multiplied digital and online transactions. Companies in the region are using contract life-cycle management software to access global risks and opportunities for their businesses brought on by COVID-19. 

What are the Revenue-generating Deployment Segments in the Contract Life-cycle Management Software Market?

Contract Life-cycle Management Software Market Segmentation

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The market share growth by the on-premise segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Contract Life-cycle Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 20.47%

Market growth 2021-2025

$ 2.33 billion

Market structure

Fragmented

YoY growth (%)

18.92

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 44%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Contract Logix LLC , Coupa Software Inc., Icertis Inc., Infor Inc., Oracle Corp., Robobai Pty Ltd., SAP SE, International Business Machines Corp., Thoma Bravo LP, and Wolters Kluwer NV

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Contract Life-cycle Management Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive contract life-cycle management software market growth during the next five years
  • Precise estimation of the contract life-cycle management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the contract life-cycle management software industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of contract life-cycle management software market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Application software

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces Summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Deployment

    • 5.1 Market segments
      • Exhibit 15: Deployment - Market share 2020-2025 (%)
    • 5.2 Comparison by Deployment
      • Exhibit 16: Comparison by Deployment
    • 5.3 On-premise - Market size and forecast 2020-2025
      • Exhibit 17: On-premise - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: On-premise - Year-over-year growth 2020-2025 (%)
    • 5.4 Cloud-based - Market size and forecast 2020-2025
      • Exhibit 19: Cloud-based - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Cloud-based - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Deployment
      • Exhibit 21: Market opportunity by Deployment

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 Contract Logix LLC
            • 10.4 Coupa Software Inc.
              • Exhibit 46: Coupa Software Inc. - Overview
              • Exhibit 47: Coupa Software Inc. - Business segments
              • Exhibit 48: Coupa Software Inc. - Key offerings
              • Exhibit 49: Coupa Software Inc. - Segment focus
            • 10.5 Icertis Inc.
              • Exhibit 50: Icertis Inc. - Overview
              • Exhibit 51: Icertis Inc. - Product and service
              • Exhibit 52: Icertis Inc. - Key offerings
            • 10.6 Infor Inc.
              • Exhibit 53: Infor Inc. - Overview
              • Exhibit 54: Infor Inc. - Product and service
              • Exhibit 55: Infor Inc. - Key offerings
            • 10.7 International Business Machines Corp.
              • Exhibit 56: International Business Machines Corp. - Overview
              • Exhibit 57: International Business Machines Corp. - Business segments
              • Exhibit 58: International Business Machines Corp. - Key news
              • Exhibit 59: International Business Machines Corp. - Key offerings
              • Exhibit 60: International Business Machines Corp. - Segment focus
            • 10.8 Oracle Corp.
              • Exhibit 61: Oracle Corp. - Overview
              • Exhibit 62: Oracle Corp. - Business segments
              • Exhibit 63: Oracle Corp. - Key news
              • Exhibit 64: Oracle Corp. - Key offerings
              • Exhibit 65: Oracle Corp. - Segment focus
            • 10.9 Robobai Pty Ltd.
              • Exhibit 66: Robobai Pty Ltd. - Overview
              • Exhibit 67: Robobai Pty Ltd. - Product and service
              • Exhibit 68: Robobai Pty Ltd. - Key offerings
              • Exhibit 69: Robobai Pty Ltd. - Segment focus
            • 10.10 SAP SE
              • Exhibit 70: SAP SE - Overview
              • Exhibit 71: SAP SE - Business segments
              • Exhibit 72: SAP SE - Key offerings
              • Exhibit 73: SAP SE - Segment focus
            • 10.11 Thoma Bravo LP
              • Exhibit 74: Thoma Bravo LP - Overview
              • Exhibit 75: Thoma Bravo LP - Product and service
              • Exhibit 76: Thoma Bravo LP - Key offerings
            • 10.12 Wolters Kluwer NV
              • Exhibit 77: Wolters Kluwer NV - Overview
              • Exhibit 78: Wolters Kluwer NV - Business segments
              • Exhibit 79: Wolters Kluwer NV - Key offerings
              • Exhibit 80: Wolters Kluwer NV - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 81: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 82: Research Methodology
                • Exhibit 83: Validation techniques employed for market sizing
                • Exhibit 84: Information sources
              • 11.4 List of abbreviations
                • Exhibit 85: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Contract Life-cycle Management Software Market market growth will increase by $2.33 bn during 2021-2025.
              The contract life-cycle management software market market is expected to grow at a CAGR of 20.47% during 2021-2025.
              Technavio has segmented the contract life-cycle management software market market by deployment (on-premise and cloud-based) ,geography (North America, Europe, APAC, MEA, and South America) , and geographic (North America, Europe, APAC, MEA, and South America).
              Contract Logix LLC , Coupa Software Inc., Icertis Inc., Infor Inc., International Business Machines Corp., Oracle Corp., Robobai Pty Ltd., SAP SE, Thoma Bravo LP, Wolters Kluwer NV are a few of the key vendors in the contract life-cycle management software market market.
              North America will register the highest growth rate of 44% among the other regions. Therefore, the contract life-cycle management software market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the contract life-cycle management software market market growth are:
              • Pricing strategies of vendors
              • Emergence of analytics in contract life-cycle management
              The contract life-cycle management software market market vendors should focus on grabbing business opportunities from the on-premise segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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