The "Contract Management Software Market to 2027 - Global Analysis and Forecast by Component; Deployment Type; Business Function; Vertical" report has been added to ResearchAndMarkets.com's offering.
The global contract management software market is estimated to account to US$ 1.3 Bn in 2018 and is expected to grow at a CAGR of 16.7% during the forecast period 2019 - 2027, to account to US$ 5.2 Bn by 2027.
The global contract management software market is experiencing high growth during the forecast period. The sales of contract management software are largely influenced by several economic and non-economic factors prevailing across the globe. The logistics & transportation, retail, and manufacturing sectors are expected to impact the growth of the contract management software market considerably. Contract management software manages the contract of various partners, vendors, customers, and employees.
The contract management software market ecosystem constitutes the following major stakeholders, namely: solution providers such as software providers and service providers, as well as end-users or industry verticals. A large number of software and service providers for contract management software are present in the contract management software market.
Majority of the SMEs are price-sensitive and prefer using traditional paper work rather than paying for it. This is the major factor hindering the growth of the market in the APAC region. SMEs play a significant role in APAC and are the backbone of economies in the region. According to the Asian Development Bank Institute, SMEs makeup to 96% of businesses and provide two of every three private-sector jobs in the area.
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- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global contract management software market.
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- The key findings and recommendations highlight crucial progressive industry trends in the global contract management software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Contract Management Software Market Landscape
5. Contract Management Software Market - Key Industry Dynamics
5.1 Key Drivers
5.1.1 The paradigm shifts towards digitalization have positive impact on contract management software market growth
5.1.2 High inclination toward adoption of solutions to enhance operational efficiencies
5.2 Key Restraints
5.2.1 Data privacy and security issues are expected to hinder the market growth
5.3 Key Opportunities
5.3.1 Adoption by small and medium-sized enterprises (SMEs) will offer future growth opportunity
5.4 Future Trends
5.4.1 Integration of advanced technologies such as artificial intelligence in contract management software
5.5 Impact Analysis of Drivers and Restraints
6. Contract Management Software Market - Global Market Analysis
6.1 Global Contract Management Software Market Overview
6.2 Global Contract Management Software Market Forecast and Analysis
6.3 Market Positioning - Top Five Players
7. Contract Management Software Market Analysis - By Component
7.2 Contract Management Software Market Breakdown, By Component, 2018 & 2027
8. Global Contract Management Software Market Analysis - By Deployment Type
8.2 Global Contract Management Software Market Breakdown, By Deployment Type, 2018 & 2027
8.3 Cloud Based
8.3.2 Global Cloud Based Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 On Premise
8.4.2 Global On Premise Market Revenue and Forecasts to 2027 (US$ Mn)
9. Contract Management Software Market Revenue and Forecasts to 2027 -By Business Function
9.2 Contract Management Software Market Breakdown, By Business Function, 2018 & 2027
10. Contract Management Software Market Revenue and Forecasts to 2027 -By Vertical
10.2 Contract Management Software Market Breakdown, By Vertical, 2018 & 2027
10.3 Healthcare and Life Sciences
10.4 Transportation and Logistics
10.7 Telecom & IT
11. Global Contract Management Software Market - Geographic Analysis
11.2 North America Contract Management Software Market Revenue and Forecast to 2027
11.3 Europe Contract Management Software Market Revenue and Forecast to 2027
11.4 APAC Contract Management Software Market Revenue and Forecast to 2027
11.5 MEA Contract Management Software Market Revenue and Forecast to 2027
11.6 SAM Contract Management Software Market Revenue and Forecast to 2027
12. Contract Management Software Market - Industry Landscape
13. Contract Management Software Market- Company Profiles
13.1 Agiloft Inc.
13.2 Apttus Corporation
13.3 Wolters Kluwer Elm Solutions, Inc.
13.4 Cobblestone Software
13.5 Contractswise Limited
13.6 IBM Corporation
13.9 Sap Se
13.10 Zycus Inc.
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