Published by IMARC Services Private Limited
Posted on October 11, 2021
3 min readLast updated: January 29, 2026
The US CLM software market is growing rapidly due to increased demand for efficient contract management systems, with significant adoption in healthcare.
The US contract lifecycle management software market is currently witnessing robust growth. Looking forward, the market expects to continue its robust growth during (2021-2026), according to the latest report by IMARC Group.
Contract Lifecycle Management (CLM) software manages the signing of an organization’s contracts from initiation through execution. The process mainly includes various steps, such as contract drafting, negotiation, approval, compliance and administration, repository, amendments, and disposition. CLM mitigates any risks associated with the contracts while ensuring adherence to regulations and also safeguards the organization from penalties in case of non-adherence. This software has gained popularity in the United States due to its ability to form new alliances among numerous firms that help in expanding their consumer base.
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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CLM Market Trends
The rising need for reducing, eliminating, or mitigating the risks related to legality, financing and procurement, across organizations, is driving the market for CLM software in the United States. The growing demand for efficient contract management systems to prevent revenue leakage and to identify the risks associated with contract clauses, is further propelling the market forward. CLM software is widely adopted in the United States healthcare industry for streamlining the workflow of hospitals by saving time and managing important contract documents and patient information. Moreover, the development of cloud-based CLM software provides easy-to-use interface solutions, thereby further proliferating the market growth.
Browse full report with TOC: https://www.imarcgroup.com/united-states-contract-lifecycle-management-software-market
US Contract Lifecycle Management Software Market Segmentation:
Market Breakup by Deployment Model:
Cloud-Based
On-Premises
Market Breakup by CLM Offerings:
Licensing and Subscription
Services
Market Breakup by Enterprise Size:
Large Enterprise
Small and Medium Enterprise
Market Breakup by Industry:
Automotive
Electrical and Electronics
Pharmaceutical
Retail and E-commerce
Manufacturing
BFSI
Others
Breakup by Region:
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The article discusses the growth and trends of the US contract lifecycle management software market from 2021 to 2026.
CLM software is popular for its ability to manage contracts efficiently, reduce risks, and ensure regulatory compliance.
Industries such as healthcare, automotive, and BFSI are adopting CLM software for improved contract management.
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