Summary

United States contract management software market is expected to grow at a formidable CAGR of around 10% during the forecast period. The United States contract management software market is driven by the growing demand for agile contract management, changes in compliance, increased complexity owing to diversity in sales and licensing models, among others. Additionally, surging demand for efficient contract management services to manage the ever-rising contract volumes is further anticipated to propel the market through 2025.

The United States contract management software market is segmented based on component, deployment mode, business function, offering, organization size, end user industry, company and region. Based on organization size, the market can be divided into SMEs and large enterprises. The SMEs segment is expected to witness significant growth during forecast period because the contract management software in these organizations can help in better risk mitigation, reduced administrative overhead, reduced cost of compliance, favorable business outcome, among others. Based on end user industry, the market can be fragmented into healthcare, BFSI, IT & telecom and others. The healthcare segment dominates the United States contract management software market since the use of this software in hospitals streamlines their workflow by saving time and mitigating the risk of missing any important steps. Additionally, the effective management of critical contract documents and patient information and records with less manual labor further helps in reducing healthcare costs.

Major players operating in the United States contract management software market include Aaveneir, Agiloft, Apptus, CLM Matrix, CobbleStone Software, Conga, Concord, ContractWorks, IBM, Determine and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• To analyze and forecast the market size of United States contract management software market.
• To classify and forecast United States contract management software market based on component, deployment mode, business function, offering, organization size, end user industry, company and regional distribution.
• To identify drivers and challenges for United States contract management software market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States contract management software market.
• To identify and analyze the profile of leading players operating in United States contract management software market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the region.
TechSci Research calculated the market size of United States contract management software market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Contract management software service providers, vendors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to contract management software
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, United States contract management software market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Component:
o Software (Contract Lifecycle Management, Contract Repository/Document Management)
o Services (Support & Maintenance, Implementation and Integration, Training & Education)
• Market, By Deployment Model:
o Cloud
o On-Premises
• Market, By Business Function:
o Legal
o Sales
o Procurement
o Finance
o Others
• Market, By Offering:
o License
o Maintenance
o Subscriptions
o Services
• Market, By Organization Size:
o Small & Medium-Sized Enterprises
o Large Enterprises
• Market, By Industry Vertical:
o Healthcare
o BFSI
o IT & Telecom
o Others
• Market, By Region:
o North-East
o Mid-West
o West
o South
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United States contract management software market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. United States Contract Management Software Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Software (Contract Lifecycle Management, Contract Repository/Document Management), Service (Support & Maintenance, Implementation and Integration, Training & Education)
5.2.2. By Deployment Mode (On-Premise, Cloud)
5.2.3. By Business Function (Legal, Sales, Procurement, Finance, Others)
5.2.4. By Offering (License, Maintenance, Subscriptions and Services)
5.2.5. By Organization Size (SMEs v/s Large Enterprises)
5.2.6. By End User Industry (Healthcare, BFSI, IT & Telecom, Others)
5.2.7. By Country
5.2.8. By Company (2018)
5.3. Product Market Map
6. North-East United States Contract Management Software Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Deployment Mode
6.2.3. By Business Function
6.2.4. By Organization Size
6.2.5. By End User Industry
7. Mid-West United States Contract Management Software Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Deployment Mode
7.2.3. By Business Function
7.2.4. By Organization Size
7.2.5. By End User Industry
8. West United States Contract Management Software Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Deployment Mode
8.2.3. By Business Function
8.2.4. By Organization Size
8.2.5. By End User Industry
9. South United States Contract Management Software Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Deployment Mode
9.2.3. By Business Function
9.2.4. By Organization Size
9.2.5. By End User Industry
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Competitive Landscape
12.1. Competition Outlook
12.2. Company Profiles
12.2.1. Company Details
12.2.1.1. Aaveneir
12.2.1.2. Agiloft
12.2.1.3. Apptus
12.2.1.4. CLM Matrix
12.2.1.5. CobbleStone Software
12.2.1.6. Conga
12.2.1.7. Concord
12.2.1.8. ContractWorks
12.2.1.9. IBM
12.2.1.10. Determine
13. Strategic Recommendations
14. About Us & Disclaimer