Worldwide revenue of contract lifecycle management solutions reached ~ USD 630 Mn in 2018 in a recently published research study by Future Market Insights (FMI). According to the report, the global contract lifecycle management market is estimated to grow by ~ 13% YOY in 2019, primarily influenced by differing rules and regulations in different regions globally in the contract lifecycle management market.
As IT and telecom industry continues to dominate the market, it is expected that multiple opportunities will be created for the key players in contract lifecycle management market in the near future.
Digitization of industries across the globe is increasing and companies are moving from traditional manufacturing to digital manufacturing and adopting advanced technologies. With rapid adoption of advanced technologies, sales of contract lifecycle management solutions is set for a massive upswing over the next decade.
Request a report sample to gain comprehensive market insights @
https://www.futuremarketinsights.com/reports/sample/rep-gb-10409
According to the FMI report, the usage of contract lifecycle management solutions for procurement business functions is poised to offer a total incremental opportunity worth over ~ US$ 1,701 Mn during the forecast period of 2019 to 2029. The software segment in contract lifecycle management market continues to steal the spotlight throughout the forecast period, unveils the contract lifecycle management market research study. Revenue generated by professional services is to increase in the regions where there is high usage of contract lifecycle management solutions. Demand for professional services will majorly be driven by the increasing requirement for risk & compliance assessment and implementation & integration services offered under this segment.