CONTRACT LIFECYCLE MANAGEMENT SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Contract Lifecycle Management Software Market, By Functionality (Contract Creation and Negotiation, Contract Repository and Management, Contract Compliance and Auditing, Contract Renewals and Approvals, and Others), By Deployment Mode (Cloud-Based and On-Premises), By Vertical (BFSI, IT and Telecommunications, Manufacturing, Retail and e-Commerce, Healthcare and Pharmaceuticals, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024
Code : CMI7328
Pages :160
Formats :
Excel and PDF
Industry : Information and Communication Technology

Key Developments

In April 2023, Icertis, a global leader in contract intelligence and lifecycle management, was selected by Krones AG, a prominent Germany-based packaging and bottling machine manufacturer, to implement its Icertis Contract Intelligence (ICI) solution at Krones' headquarters in Neutraubling, Bavaria. This partnership aims to streamline and unify contract lifecycle management processes, enhancing compliance with both buy-side and sell-side contract requirements in the packaging industry.
In October 2022, Icertis, a global leader in contract intelligence and lifecycle management, launched its Contract Intelligence Solution specifically designed for the banking and financial services industries. This innovative solution addresses the unique needs of these sectors by providing a comprehensive suite of documents, attributes, clauses, obligation management tools, reporting features, and templates to enhance efficiency and compliance in managing complex contracts.
In November 2022, SirionLabs, a global leader in AI-powered contract lifecycle management, announced the acquisition of Zendoc, a Seattle-based contract automation firm. This strategic acquisition aims to enhance SirionLabs' leadership in contract management by integrating advanced AI capabilities into its existing solutions. Additionally, the company plans to establish a Center of Excellence (CoE) in Nice, France, to further drive innovation and attract top engineering talent.
In January 2021, Agiloft, a global leader in contract and commerce lifecycle management (CCLM), launched its AI-driven contract management software on the Salesforce AppExchange. This launch enhances data synchronization between companies, enabling them to accelerate and streamline the commercial processes associated with contracts.