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LATAM Contract Lifecycle Management Market Trends

  • Report ID: 4703
  • Published Date: Feb 22, 2023
  • Report Format: PDF, PPT

LATAM Contract Lifecycle Management (CLM) Market

  1. An Outline of the LATAM Contract Lifecycle Management (CLM) Market
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Service Providers
      2. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of Market Constituents
    1. Factors/Drivers Impacting the Growth of the Market
    2. Market Trends for Better Business Practices
  6. Key Market Opportunities for Business Growth
  7. Major Roadblocks for the Market Growth
  8. Decarbonization Strategy and Carbon Credit Benefit for Market Players
  9. Government Regulation: How Would They Aid Business
  10. Technology Transition and Adoption Analysis
  11. Industry Risk Analysis
  12. LATAM Economic Outlook: Challenges for LATAM Recovery and its Impact on LATAM Contract Lifecycle Management (CLM) Market
  13. Impact on COVID-19 on LATAM Contract Lifecycle Management (CLM) Management
  14. Analysis on the Features of Contract Lifecycle Management (CLM)
  15. Country Demand and Supply Analysis
  16. Industry Pricing Benchmarking & Analysis
  17. Industry Growth Outlook W.R.T. Solution
  18. Industry Value Chain Analysis
  19. Analysis on Key Technology Trends of LATAM Contract Lifecycle Management (CLM) Market
  20. Use Case Analysis
  21. Service Providers for CLM
  22. Software Providers for CLM
  23. End User Analysis
  24. Competitive Positioning: Strategies to Differentiate a Company from its Competitors
  25. Competitive Model: A Detailed Inside View for Investors
    1. Market Share of Major Companies Profiled, 2022
    2. Business Profiles of Key Enterprises
      1. SAP SE
      2. Coupa Software Inc.
      3. IBM Corporation
      4. Agiloft Inc
      5. Oracle Corporation
      6. CLM Matrix
      7. Infor
      8. PandaDoc
      9. DocuSign, Inc.
  26. LATAM Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. LATAM Contract Lifecycle Management (CLM) Market, Segmentation Analysis, 2022 to 2035
      1. LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2022-2035
        1. Software, Market Value (USD million) CAGR, 2023-2035F
        2. Services, Market Value (USD million) CAGR, 2023-2035F
          1. Professional Services, Market Value (USD million) CAGR, 2023-2035F
            1. Risk & Compliance Assessment, Market Value (USD million) CAGR, 2023-2035F
            2. Implementation & Integration, Market Value (USD million) CAGR, 2023-2035F
            3. Support & Maintenance, Market Value (USD million) CAGR, 2023-2035F
          2. Managed Services, Market Value (USD million) CAGR, 2023-2035F
      2. LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
        1. Legal, Market Value (USD million) CAGR, 2023-2035F
        2. Finance, Market Value (USD million) CAGR, 2023-2035F
        3. Procurement, Market Value (USD million) CAGR, 2023-2035F
        4. Sales, Market Value (USD million) CAGR, 2023-2035F
        5. Operations, Market Value (USD million) CAGR, 2023-2035F
        6. Human Resource, Market Value (USD million) CAGR, 2023-2035F
        7. Information Technology, Market Value (USD million) CAGR, 2023-2035F
      3. LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
        1. Cloud, Market Value (USD million) CAGR, 2023-2035F
        2. On-Premises, Market Value (USD million) CAGR, 2023-2035F
      4. LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
        1. BFSI, Market Value (USD million) CAGR, 2023-2035F
        2. IT & Telecom, Market Value (USD million) CAGR, 2022-2035F
        3. Government & Public Sector, Market Value (USD million) CAGR, 2023-2035F
        4. Energy & Utilities, Market Value (USD million) CAGR, 2023-2035F
        5. Manufacturing, Market Value (USD million) CAGR, 2023-2035F
        6. Healthcare & Pharma, Market Value (USD million) CAGR, 2023-2035F
        7. Life Sciences, Market Value (USD million) CAGR, 2023-2035F
        8. Retail, Market Value (USD million) CAGR, 2023-2035F
        9. Real Estate, Market Value (USD million) CAGR, 2023-2035F
        10. Others, Market Value (USD million) CAGR, 2023-2035F
      5. LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035
        1. Small and Medium Enterprise Size, Market Value (USD million) CAGR, 2023-2035F
        2. Large Enterprise Size, Market Value (USD million) CAGR, 2023-2035F
      6. LATAM Contract Lifecycle Management (CLM) Market Demand Outlook & Projections, Market Performance by Geography, 2022-2035
        1. Market Overview
        2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
          1. Brazil, Market Value (USD million) CAGR, 2023-2035F
          2. Mexico, Market Value (USD million) CAGR, 2023-2035F
          3. Argentina, Market Value (USD million) CAGR, 2023-2035F
          4. Peru, Market Value (USD million) CAGR, 2023-2035F
          5. Colombia, Market Value (USD million) CAGR, 2023-2035F
          6. Chile, Market Value (USD million) CAGR, 2023-2035F
          7. Rest of LATAM, Market Value (USD million) CAGR, 2023-2035F
  27. Brazil Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      1. Brazil Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2022-2035
        1. Software, Market Value (USD million) CAGR, 2023-2035F
        2. Services, Market Value (USD million) CAGR, 2023-2035F
          1. Professional Services, Market Value (USD million) CAGR, 2023-2035F
            1. Risk & Compliance Assessment, Market Value (USD million) CAGR, 2023-2035F
            2. Implementation & Integration, Market Value (USD million) CAGR, 2023-2035F
            3. Support & Maintenance, Market Value (USD million) CAGR, 2023-2035F
          2. Managed Services, Market Value (USD million) CAGR, 2023-2035F
      2. Brazil Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
        1. Legal, Market Value (USD million) CAGR, 2023-2035F
        2. Finance, Market Value (USD million) CAGR, 2023-2035F
        3. Procurement, Market Value (USD million) CAGR, 2023-2035F
        4. Sales, Market Value (USD million) CAGR, 2023-2035F
        5. Operations, Market Value (USD million) CAGR, 2023-2035F
        6. Human Resource, Market Value (USD million) CAGR, 2023-2035F
        7. Information Technology, Market Value (USD million) CAGR, 2023-2035F
      3. Brazil Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
        1. Cloud, Market Value (USD million) CAGR, 2023-2035F
        2. On-Premises, Market Value (USD million) CAGR, 2023-2035F
      4. Brazil Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
        1. BFSI, Market Value (USD million) CAGR, 2023-2035F
        2. IT & Telecom, Market Value (USD million) CAGR, 2023-2035F
        3. Government & Public Sector, Market Value (USD million) CAGR, 2023-2035F
        4. Energy & Utilities, Market Value (USD million) CAGR, 2023-2035F
        5. Manufacturing, Market Value (USD million) CAGR, 2023-2035F
        6. Healthcare & Pharma, Market Value (USD million) CAGR, 2023-2035F
        7. Life Sciences, Market Value (USD million) CAGR, 2023-2035F
        8. Retail, Market Value (USD million) CAGR, 2023-2035F
        9. Real Estate, Market Value (USD million) CAGR, 2023-2035F
        10. Others, Market Value (USD million) CAGR, 2023-2035F
      5. Brazil Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035
        1. Small and Medium Enterprise Size, Market Value (USD million) CAGR, 2023-2035F
        2. Large Enterprise Size, Market Value (USD million) CAGR, 2023-2035F
  28. Mexico Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      1. Mexico Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2023-2035
      2. Mexico Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
      3. Mexico Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
      4. Mexico Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      5. Mexico Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035
  29. Argentina Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      1. Argentina Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2022-2035
      2. Argentina Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
      3. Argentina Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
      4. Argentina Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      5. Argentina Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035
  30. Peru Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      1. Peru Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2022-2035
      2. Peru Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
      3. Peru Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
      4. Peru Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      5. Peru Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035
  31. Colombia Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      1. Colombia Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2022-2035
      2. Colombia Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
      3. Colombia Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
      4. Colombia Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      5. Colombia Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035
  32. Chile Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      1. Chile Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2022-2035
      2. Chile Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
      3. Chile Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
      4. Chile Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      5. Chile Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035
  33. Rest of LATAM Contract Lifecycle Management (CLM) Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      1. Rest of LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Solution, 2022-2035
      2. Rest of LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Business Function, 2022-2035
      3. Rest of LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Deployment, 2022-2035
      4. Rest of LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      5. Rest of LATAM Contract Lifecycle Management (CLM) Market Outlook & Projections, Opportunity Assessment by Enterprise Size, 2022-2035

LATAM Contract Lifecycle Management Market Trends

Growth Drivers

  • Growing Trade with Other Countries – Businesses enter into trade partnerships in order to import food and goods from abroad. Bilateral contracts help to smoothen the engagement of concerned countries in trade. The import value of Latin America from India in the year 2021-2022 increased by approximately 48% and the total value was around worth USD 19 billion.

  • Rising Use of Artificial Intelligence– AI has optimized the business and it helps organizations to constantly shift and strategize according to the needs. In the fast-paced world of AI, the contract has become even more important. In the region, around 30% of companies are using artificial intelligence for their business. Moreover, while nearly 43% of businesses in the area are considering using the technology, about 29% of them have implemented these solutions in some capacity.

  • Introduction of New Construction Contracts – For instance, the Urgency Decree No. 021-2020 was published in January 2020 by the Peruvian government. The Decree specifies terms for collaboration agreements with international organizations as well as Project Management Office within the context of Government to Government ("G2G") agreements.

  • Growing Usage of Natural Language Processing– Text analytics-based cloud NLP helps in decision-making or additional analysis by creating structured data from the contracts. The value of the Latin American market for natural language processing software was estimated at approximately USD 25 million.

  • Rising Employment in the Region– Latin American IT companies increased their global hiring by 286% in the second half of 2021. Additionally, it indicated that employers worldwide were most interested in hiring Latin American specialists.

Challenges

  • Concerns associated with safety and privacy - Contracts include useful details regarding a company's clients, partners, intellectual property, and business procedure. As a result, the business may be exposed to threats from rivals and others who might try to exploit its information and data against it. Therefore, security breaches may result in legal action, penalties, harm to one's reputation, and other consequences.
  • Implementation of CLM in the company is difficult due to financial constraints
  • Cloud-based solution has a risk of cyber attacks

LATAM Contract Lifecycle Management (CLM) Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

10.66%

Base Year Market Size (2022)

USD 157.67 Million

Forecast Year Market Size (2035)

USD 580.58 Million

Regional Scope
  • Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Chile, Rest of Latin America)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 4703
  • Published Date: Feb 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing use of AT technologies in the business, growing foreign trade, rising employment rates, and new construction contract clauses are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 10.66% over the forecast period, i.e., 2023-2035.

Cyber-attacks associated with a cloud solution, the risk to data privacy, and the low budget for deploying the CLM software are estimated to be the growth hindering factors for the market expansion

The market in the Brazil region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Invent Software, Infror, Wolters Kluwer N.V., Oracle, Agiloft Inc., IBM Corporation, Coupa Software Inc., SAP SE, and DocuSign, Inc.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by solution, business function, deployment, end user, enterprise size, and by region.

The legal segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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