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Report
United States Contract Lifecycle Management Software Market Report and Forecast 2024-2032
Market Report I 2024-02-15 I 147 Pages I EMR Inc.
United States Contract Lifecycle Management Software Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States contract lifecycle management software market reached a value of USD 699 million in 2023. Aided by the increasing need for efficient contract management solutions, the market is projected to further grow at a CAGR of 5% between 2024 and 2032 to reach a value of USD 898 million by 2032.
Contract lifecycle management software automates and streamlines all stages of contract management, from initiation and drafting to negotiation, approval, execution, and renewal. By deploying CLM solutions, organisations can enhance operational efficiency, minimise risks, and improve compliance, which are critical in today's fast-paced business environment. The technology plays a pivotal role in sectors ranging from healthcare and finance to government and technology, where managing contractual obligations accurately and efficiently is paramount.
The United States contract lifecycle management software market growth is closely linked to the country's robust technological infrastructure and the widespread adoption of digital tools in business operations. Companies are increasingly recognising the value of integrating CLM systems into their enterprise resource planning (ERP) and customer relationship management (CRM) systems to gain a holistic view of their contractual obligations and enhance cross-functional collaboration.
Furthermore, the advent of artificial intelligence (AI) and machine learning (ML) technologies has influenced the United States contract lifecycle management software market outlook. AI-powered CLM solutions offer advanced capabilities for contract analytics, risk assessment, and automated contract creation, driving operational efficiencies and strategic insights. The integration of these technologies enables businesses to navigate complex legal landscapes, adapt to changing compliance regulations, and make data-driven decisions.
Cloud-based CLM solutions are becoming the norm, offering scalability, flexibility, and cost-efficiency. The shift to cloud computing allows businesses of all sizes to access sophisticated CLM tools without the need for substantial upfront investment in IT infrastructure. This trend is particularly beneficial for small and medium-sized enterprises (SMEs) seeking to streamline their contract management processes and compete more effectively in the market.
the United States contract lifecycle management software market demand is poised for sustained growth, fuelled by technological advancements, regulatory complexities, and the pressing need for operational efficiency. As businesses continue to navigate the digital landscape, the demand for CLM solutions that offer automation, analytics, and integration capabilities is set to rise. With strategic investments in innovation, customer support, and security, the CLM software market is well-positioned to meet the evolving needs of American businesses, contributing to streamlined operations, enhanced compliance, and improved bottom-line results.
Market Segmentation
The market can be divided based on deployment mode, component, enterprise size, industry vertical, and region.
Market Breakup by Deployment Mode
- On-Premises
- Cloud
Market Breakup by Component
- Software
- Services
Market Breakup by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by Industry Vertical
- Automotive
- Pharmaceutical
- Electrical and Electronics
- BFSI
- Manufacturing
- Retail and E-Commerce
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States contract lifecycle management software market. Some of the major players explored in the report by Expert Market Research are as follows:
- SAP SE
- Concord Worldwide, Inc.
- DocuSign, Inc.
- Coupa Software Inc.
- Zycus Inc.
- Icertis, Inc.
- Agiloft Inc.
- Apttus Corp. (Conga)
- Onit Inc. (SecureDocs, Inc.)
- Evisort Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Contract Lifecycle Management Software Market Overview
8.1 Key Industry Highlights
8.2 North America Contract Lifecycle Management Software Historical Market (2018-2023)
8.3 North America Contract Lifecycle Management Software Market Forecast (2024-2032)
8.4 North America Contract Lifecycle Management Software Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Contract Lifecycle Management Software Market Overview
9.1 Key Industry Highlights
9.2 United States Contract Lifecycle Management Software Historical Market (2018-2023)
9.3 United States Contract Lifecycle Management Software Market Forecast (2024-2032)
10 United States Contract Lifecycle Management Software Market by Deployment Mode
10.1 On-Premises
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cloud
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States Contract Lifecycle Management Software Market by Component
11.1 Software
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Services
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Contract Lifecycle Management Software Market by Enterprise Size
12.1 Small and Medium Enterprises
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Large Enterprises
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 United States Contract Lifecycle Management Software Market by Industry Vertical
13.1 Automotive
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Pharmaceutical
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Electrical and Electronics
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 BFSI
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Manufacturing
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Retail and E-Commerce
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Others
14 United States Contract Lifecycle Management Software Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 SAP SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Concord Worldwide, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 DocuSign, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Coupa Software Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Zycus Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Icertis, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Agiloft Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Apttus Corp. (Conga)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Onit Inc. (SecureDocs, Inc.)
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Evisort Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Contract Lifecycle Management Software Market: Key Industry Highlights, 2018 and 2032
2. United States Contract Lifecycle Management Software Market: Key Industry Highlights, 2018 and 2032
3. United States Contract Lifecycle Management Software Historical Market: Breakup by Deployment Mode (USD Million), 2018-2023
4. United States Contract Lifecycle Management Software Market Forecast: Breakup by Deployment Mode (USD Million), 2024-2032
5. United States Contract Lifecycle Management Software Historical Market: Breakup by Component (USD Million), 2018-2023
6. United States Contract Lifecycle Management Software Market Forecast: Breakup by Component (USD Million), 2024-2032
7. United States Contract Lifecycle Management Software Historical Market: Breakup by Enterprise Size (USD Million), 2018-2023
8. United States Contract Lifecycle Management Software Market Forecast: Breakup by Enterprise Size (USD Million), 2024-2032
9. United States Contract Lifecycle Management Software Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
10. United States Contract Lifecycle Management Software Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
11. United States Contract Lifecycle Management Software Historical Market: Breakup by Region (USD Million), 2018-2023
12. United States Contract Lifecycle Management Software Market Forecast: Breakup by Region (USD Million), 2024-2032
13. United States Contract Lifecycle Management Software Market Structure
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