Contract Lifecycle Management Software Market Size To Hit USD 3.24 Billion By 2030: Grand View Research Inc.

San Francisco, 10 December 2025: The Report Contract Lifecycle Management Software Market (2025 - 2030) Size, Share & Trends Analysis Report By Component (Software, Services), By Business Function (Legal, Procurement), By Deployment Mode, By Organization Size, By End Use, And Segment Forecasts

The global contract lifecycle management software market size was estimated at USD 1.62 billion in 2024 and is projected to reach USD 3.24 billion by 2030, growing at a CAGR of 12.7% from 2025 to 2030. The market is experiencing significant growth, driven by the increasing need for efficient contract management solutions across various industries.

Key Market Trends & Insights

  • North America dominated the contract lifecycle management software market in 2024 and held the largest revenue share of over 37.10%.
  • The contract lifecycle management software industry in the U.S. is expected to grow significantly from 2025 to 2030.
  • Based on component, the software segment held a market share of over 68.0% in 2024.
  • Based on deployment, the cloud segment accounted for the largest market share of over 70.0% in 2024.
  • In terms of end use, the BFSI segment accounted for the largest market share in 2024.

Market Size & Forecast

  • 2024 Market Size: USD 1.62 Billion
  • 2030 Projected Market Size: USD 3.24 Billion
  • CAGR (2025-2030): 12.7%
  • North America: Largest market in 2024
  • Asia Pacific: Fastest growing market


As organizations seek to automate and streamline their contract processes, the demand for CLM software has surged. The market is characterized by the adoption of cloud-based solutions, integration of advanced technologies like artificial intelligence (AI) and machine learning (ML), and a focus on compliance and risk management. As businesses grow and operate in increasingly dynamic and globalized environments, the volume and complexity of contracts ranging from vendor agreements and customer deals to regulatory and compliance documents have surged dramatically. This escalation makes it difficult for organizations to manage contracts manually without facing inefficiencies, delays, and risks. The stakes are high: missed deadlines, overlooked obligations, and non-compliance can lead to costly penalties or legal consequences. This growing complexity has made robust contract lifecycle management (CLM) software solutions a necessity rather than a luxury.

Access Research Report of Contract Lifecycle Management Software Market @ https://www.grandviewresearch.com/industry-analysis/contract-lifecycle-management-software-market-report

The rapid digital transformation underway across nearly all industries has encouraged the shift from traditional, paper-based contract management to cloud-based platforms. These solutions are not only more efficient but also scalable, allowing companies to manage thousands of contracts across multiple geographies and departments. Cloud-based CLM platforms offer remote accessibility, enabling legal, procurement, and sales teams to collaborate on contracts in real time, regardless of location a crucial capability in today’s hybrid and remote work environments. The market is expected to witness increased adoption across various industries, including healthcare, finance, manufacturing, and legal services, driven by the need for streamlined contract processes and regulatory compliance. Moreover, the growing trend of remote work and global collaborations will further propel the demand for cloud-based CLM solutions that offer accessibility and real-time collaboration.

A major restraint in adopting CLM software is internal resistance to change, especially from employees used to manual or traditional methods. Transitioning to digital solutions demands a significant cultural shift and thorough training, which can be both time-consuming and resource-intensive. This hesitation can delay implementation, reduce user adoption, and hinder the realization of the full benefits offered by automated contract management systems.

Key Contract Lifecycle Management Software Company Insights

The key market players in the global contract lifecycle management software industryinclude BravoSolution, Contracked, Contract Logix, Coupa Software, DocuSign, IBM, Icertis, Oracle Corporation, SAP SE, Zycus Infotech, SirionLabs, Ironclad, Infor, Summize, and Filevine. The companies are focusing on various strategic initiatives, including new Software development, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.

  • In April 2025, Summize unveiled its next-generation Contract Lifecycle Management (CLM) platform, integrating agentic AI through Summize Intelligent Agents (SIA). This multi-agent system enhances contract reviews by automating redlines, providing AI-driven summaries, and facilitating contract Q&A directly within Microsoft Word. The platform's integration with tools like Microsoft Outlook, Gmail, Microsoft Teams, Slack, Salesforce, and Jira streamlines workflows and accelerates contract processes. Legal teams can now oversee the entire process while delegating routine tasks, improving efficiency, and strategic focus.
  • In April 2025, Ironclad introduced new capabilities to help enterprises recapture millions in lost contract value. The platform's Obligation Management feature enables users to systematically track critical contract obligations, ensuring compliance and minimizing revenue leakage. By providing real-time visibility into contractual commitments, Ironclad empowers organizations to manage risks effectively and optimize contract performance. These enhancements aim to streamline contract workflows and enhance operational efficiency.
  • In May 2024, Icertis and Evisort announced a strategic partnership to enhance contract intelligence capabilities. By integrating Evisort’s AI engine with the Icertis Contract Intelligence platform, the collaboration aims to accelerate the ingestion and analysis of both legacy and new contracts. This synergy enables businesses to extract actionable insights more efficiently, improving decision-making and operational performance. The partnership underscores a commitment to leveraging AI for advanced contract lifecycle management.
  • In February 2024, PwC India formed a strategic alliance with Sirion, an AI-powered Contract Lifecycle Management (CLM) platform, to transform enterprise contract management. This collaboration combines PwC India's consulting expertise with Sirion's advanced CLM technology to enhance contract efficiency, reduce risks, and drive innovation. The partnership aims to streamline contract processes across sectors like power, infrastructure, and logistics, enabling organizations to make informed decisions and achieve better compliance and performance.

Key Contract Lifecycle Management Software Companies:

The following are the leading companies in the CLM software market. These companies collectively hold the largest market share and dictate industry trends.

  • BravoSolution
  • Contracked
  • Contract Logix
  • Coupa Software
  • DocuSign
  • IBM Corporation
  • Icertis
  • Oracle Corporation
  • SAP SE
  • Zycus Infotech
  • SirionLabs
  • Ironclad
  • Infor
  • Summize
  • Filevine

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

 

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