Contract Lifecycle Management (CLM) Market Projected to Grow At A
CAGR of ~11% By 2030
Research Nester published a report titled “Contract Lifecycle Management
(CLM) Market: Global Demand Analysis & Opportunity Outlook
2030” which delivers detailed overview of the global contract lifecycle
management (CLM) market in terms of market segmentation by
deployment, enterprise size, offering, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.
The global contract lifecycle management (CLM) market to grow with a
CAGR of ~11% and gather a sizeable over the forecast period, i.e., 2022-
2030, ascribing to the rapid growth of urbanization around the world.
Additionally, escalating requirement for a collaborative approach to handle
projects, and emergence of cloud-based CLM amongst various industries
are another significant factors projected to augment the sales for the
product in the near future. Along with these, rising number of merger and
acquisition activities is assessed to offer lucrative opportunities to the
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The market is segmented on the basis of deployment, enterprise size,
offering and end user. By deployment, the cloud-based segment is
anticipated to grab the largest market share and witness the highest growth
during the forecast period on the back of increasing implementation of
cloud-based services by mid-size businesses globally. Furthermore, based
on enterprise size, the large enterprises segment is projected to acquire the
largest share over the forecast period ascribing to the surge in adoption of
CLM to automate structured and predefined operations.
Geographically, the global contract lifecycle management (CLM) market is
segmented into five major regions, name