$30 Billon Total Addressable Market (TAM) Projections for Contract Lifecycle Management (CLM) Software - Global Forecast to 2026
Global Cloud-based CLM Software Market
Dublin, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The "Contract Lifecycle Management (CLM) Global TAM Forecast 2022-2026" report has been added to ResearchAndMarkets.com's offering.
This report analyzes the key market drivers and dynamics that are fueling growth in the Contract Lifecycle Management market over the next five years and details the geographies, sectors, and vertical industries that will be most impacted.
The forecast provides a quantitative estimate of the Total Addressable Market (TAM) for Contract Lifecycle Management (CLM) software from 2022 to 2026. Included in this report are the worldwide annual estimates of spending and growth rate, breakdown of spend by company size, industry, and geography, and the demand impact of major secular trends like the subscription economy and digital transformation, among others. This research is based on the analyst's proprietary Forecasts global analytics model, a database that includes every publicly listed operating company with revenue greater than $1 million per year.
The market for cloud-based CLM software represents a large, expanding, and all-season opportunity with a rapidly expanding 5-year (2022-2026) TAM approaching $30 billion.
CLM represents a significant opportunity to increase productivity, improve accuracy, and inject operational speed across organizations of all sizes, stages of maturity, industries, and geographies. Leading organizations around the world are already investing in automated CLM tools, but the overall level of adoption is still relatively modest. We expect the pace of innovation and adoption in this area to accelerate over the next five years. This will be accompanied by a transformation of what CLM systems can deliver, how CLM is perceived by the users, and the increasing pace of integration between CLM and other core enterprise systems such as CRM, CPQ, Billing, and Procurement Management and Supply Chain, among others. The analyst believes CLM is an essential ingredient to any digital transformation initiative.
No. of Pages
2022 - 2026
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2026
Compound Annual Growth Rate
Key Topics Covered:
About the Analyst
How to Use this Forecast
Key Business & Technology Drivers for CLM Adoption
Key Headwinds for CLM Adoption, Who Are the Buyers & Beneficiaries of CLM?
Study Scope & Methodology, CLM TAM 2022-2026
CLM Software TAM Forecast 2022-2026
CLM Software TAM by Size & Sector 2022-2026
CLM Software TAM by Region
CLM TAM Distribution 2022-2026 - Top 20 Industries
CLM TAM Distribution 2022-2026 - Top 20 Countries
CLM Commercial Spend vs. Internal Spend
On-Premises CLM Spend
Impact of Major Industry Trends
CLM Services TAM
CLM Professional Services TAM
CLM Market Outlook
Appendix A - Definitions
Appendix B - Representative Suppliers of CLM
Appendix C - CLM TAM Study - Scope
Gimmal Contract Management
Great Minds Software
Thomson Reuters Corp
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