Contract Lifecycle Management Market Outlook:
Contract Lifecycle Management Market size was over USD 1.32 billion in 2025 and is anticipated to cross USD 4.17 billion by 2035, witnessing more than 12.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of contract lifecycle management is assessed at USD 1.46 billion.
The reason behind this growth is the never-ending accessibility of the internet all over the world along with several technological advancements which include 5G, cloud services, Internet of things (IoT), Artificial Intelligence (AI), and blockchain. For instance, as of January 2024, there were more than 5.3 billion active users worldwide, which is estimated to be 66% of the global population.
Furthermore, the CLM software is being highly used by lawyers, especially for retrieving contracts from the library for their reference purposes, as this reduces their time to review and this enables the organizations to identify loopholes in their systems. About 44% of the corporate legal departments were using CLM systems in 2018 and in 2021, approximately 55% of corporate legal departments were using CLM.
