How big is the Contract Management Software Market?

The Contract Management Software Market size is expected to reach USD 3.13 billion in 2024 and grow at a CAGR of 11.24% to reach USD 5.33 billion by 2029. Read More

What is the current Contract Management Software Market size?

In 2024, the Contract Management Software Market size is expected to reach USD 3.13 billion. Read More

Who are the key players in Contract Management Software Market?

Zycus Inc., ContractWorks, Inc., Complinity Technologies Private Limited, Contract Logix, LLC and Concord, Inc. are the major companies operating in the Contract Management Software Market. Read More

Which is the fastest growing region in Contract Management Software Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Contract Management Software Market?

In 2024, the Asia Pacific accounts for the largest market share in Contract Management Software Market. Read More

What years does this Contract Management Software Market cover, and what was the market size in 2023?

In 2023, the Contract Management Software Market size was estimated at USD 2.78 billion. The report covers the Contract Management Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Contract Management Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Contract Management Software Market Share

Statistics for the 2023 & 2024 Contract Management Software market share, created by Mordor Intelligence™ Industry Reports. Contract Management Software share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Contract Management Software Industry

The contract management software market is fragmented, with the presence of significant players like Zycus Inc., ContractWorks Inc., Complicity Technologies Private Limited, Contract Logix, LLC, Concord Inc., SAP Ariba, Hyperstart Inc., Matellio Inc., Trackado Inc., GEP Inc., Newgen Software Technologies Limited, and many others. Significant players in the market are adopting strategies such as partnerships, mergers, expansions, innovations, investments, and acquisitions to enhance product offerings and gain sustainable competitive advantage.

• In June 2024, Icertis, an AI-driven contract intelligence, partnered with BearingPoint, setting its sights on revolutionizing contract management on a global scale. This partnership melds BearingPoint's deep advisory and implementation prowess with the advanced technology of the Icertis platform, promising heightened innovation and efficiency. Furthermore, BearingPoint plans to seamlessly weave the Icertis platform into its primary operational systems, streamlining its internal contracting processes. This will boost operational efficiency and visibility across its enterprise contracts, leading to heightened revenue, cost reductions, compliance, and risk management.

• In June 2024, AXI Group acquired Contractify, enhancing its software portfolio with a focus on contract management. AXI Group serves various sectors, including retail, healthcare, industry, and government. With this acquisition, AXI Group's users will soon gain access to dedicated contract management software. Contracting from Belgium oversees the entire contract lifecycle, from approval and signing to ongoing management. Contractify has primarily drawn the attention of the legal sector, and AXI Group aims to leverage this expertise to make a significant mark in the legal tech arena.