Contract Management Software Market Worth $2.9 Billion by 2024 - Exclusive Report by MarketsandMarkets - Seite 2

Among services, support, and maintenance segment to grow at a higher rate than the implementation and consulting services segment during the forecast period

Among services, the support and maintenance segment is expected to witness a higher growth rate than the deployment and integration and consulting and advisory services segment during the forecast period. The support and maintenance services are offered after the installation of a Contract Management Software solution in an organization. These services include assistance provided during installation and maintenance activities for data and software/solutions maintenance. The services can be offered from remote places, via web conferencing, telephones, and ticketing systems or onsite assistance. An end-user may require the help of a Contract Management Software vendor for further customization or improvement in the order, for which the vendor provides services for a predetermined duration.

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North America to account for the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period. The US has emerged as the largest market for Contract Management Software owing to the large-scale implementation of Contract Management Software solutions by organizations and enterprises in the country. The high pace of development of infrastructure in the US, along with the Artificial Intelligence (AI), and cloud computing has attributed to the fast growth of the Contract Management Software Market in the US.

Some of the leading companies operating in Contract Management Software Market are Aaveneir (US), Agiloft (US), Apptus (US), CLM Matrix (US), CobbleStone Software (US), Conga (US), Concord (US), ContractWorks (US), ContractsWise (UK), Coupa (US), Determine (US), DocuSign (US), IBM (US), Icertis (US), GEP (US), HighQ (UK), JAGGAER (US), SAP Ariba (US), Synertrade (France), Trackado (Sweden), and Zycus (US). These players have adopted various strategies to grow in the Contract Management Software Market.

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