How big is the contract lifecycle management software market

Q: What was the CLM software market size in 2024 and its CAGR?

The market is approximately USD 2.56鈥痓illion in 2024, growing at a CAGR of 12.8% through 2031.

Q: What was the projected CLM software market size by 2031?

It is expected to reach about USD 5.94鈥痓illion by 2031.

Q: How much will the CLM market growth factors?

The CLM market is driven by digital transformation and compliance needs, automation, and digital transformation in contract processes drives the growth of CLM software market.

Q: What technologies are shaping CLM growth?

AI/ML for smart contract analysis, cloud-native architecture, and system integration (ERP/CRM) are key enablers.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

How big is the contract lifecycle management software market | Growth Analysis 2031

Code: MTA5135

Publication Date: Jul 2025

What is the Contract Lifecycle Management Software Market Size?

According to 绿帽社 internal database and industry insights, the Global Contract Lifecycle Management Software Market was valued at USD 2.56 billion in 2024 and is anticipated to exceed USD 5.94 billion by 2031, registering a steady at a CAGR of 12.8% during the forecast period.

Contract Lifecycle Management Software market is driven by rising need for efficiency, compliance, risk management, automation, and digital transformation in contract processes drives the growth of CLM software market. Firmer rules, more contracts, and the requirement for processes that are ready for audits are all driving its development. Also, the move toward cloud-based solutions and digital transformation projects in businesses are making them more popular in many fields.

Major Growth Factors of the Contract Lifecycle Management Software Industry

Increasing regulatory complexity and compliance requirements
Digital transformation and cloud-based adoption
Need for operational efficiency and cost reduction
Rise in contract volumes and complexity
Demand for audit trails and risk mitigation
Integration with enterprise systems (ERP, CRM)
Adoption of AI/ML for contract intelligence
Pressure to reduce cycle time and manual errors

Contract Lifecycle Management Software Market Trends

Contract Lifecycle Management Software is evolving with AI-powered contract intelligence for smart analytics, clause extraction, and keeping an eye on compliance. Multi-tenant cloud platforms are becoming more popular, and there is a rising tendency toward ecosystem interoperability, which means that CLM works well with ERP, CRM, and procurement systems. Vendors are also adding generative AI features like redlining and summary creation to make legal processes better.

Emerging Developments in the Contract Lifecycle Management Software Industry

Contract Lifecycle Management Software is developing using AI agents that can automate redlining and Q&A in document editors. Security-as-code and blockchain-backed audit trails are becoming more popular as ways to build trust and make sure everyone follows the rules. Also, development is moving toward predictive risk scoring and smart obligation tracking, which will allow for proactive contract management before problems arise.