Contract lifecycle management software (CLM) automates the contract process throughout its key stages. The CLM automatically manages creation, negotiation, signature, renewal and data analysis of the contract. The CLM software also allows the user to sign a contract digitally. The common language, templates and consistent conditions used in an electronic contract ensures improved work productivity. This method is cost-effective, limits the risk of legal action, and improves control over the contract.Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Europe CLM Market Trends
The Europe CLM software market is primarily driven by the rising demand for conflict management solutions. Besides this, the CLM software is increasingly being used in automobile, retail and e-commerce sectors, which is further augmenting the market growth. In addition to this, stringent data privacy laws in the region is also escalating the demand for CLM software in the market. Other factors, such as the advent of cloud-based CLM software and an enhanced focus on improving organizational functions, are driving the market further across Europe.
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Europe Contract Lifecycle Management Software Market Segmentation:
Breakup by Deployment Model:
Cloud-Based
On-Premises
Breakup by CLM Offerings:
Licensing and Subscription
Services
Breakup by Enterprise Size:
Large Enterprise
Small and Medium Enterprise
Breakup by Industry:
Automotive
Electrical and Electronics
Pharmaceutical
Retail and E-commerce
Manufacturing
BFSI
Others
Breakup by Country:
Germany
France
United Kingdom
Italy
Spain
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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