Contract management
Software Market
ContractManagement.info - the directory of who's who in the Contract Management market
According to Forrester Research in May 2011, the market for Contract Management software solutions will grow by 17% in 2011.
The Contract Management software market is comprised of over 50+ vendors that can be broadly classified in to five categories (see section: Which Contract
Management software solution is right for you? for more):
- Pure play solutions
- Microsoft SharePoint based solutions
- ERP/eProcurement suite solutions
- Document Assembly-based solutions
- ECM based solutions
Contract Management Market size
Analyst opinion and data on the size of the Contract Management software market size varies from analyst to analyst. This may well be because for many analyst firms, Contract Lifecycle Management falls under the category of Supply Chain Management and Procurement based solutions, and this will often lead to a bias in the data that is published. Some analysts also only cover particular markets, like the United States.
| Gartner | $211 million (but could be as high as $1 billion if all vendors were included who offer all or parts of a contract management solution) |
| Forrester Reasearch | $350 million |
| IACCM | $460 million ($125 million in Europe) |
