Rising customer acquisition costs, SaaS inflation, evolving regulations, and a “funding winter” has put renewed focus on Contract Life Cycle Management (CLM) across enterprise and software product providers. Vendor consolidation, cost containment, decision intelligence, and maximization of ROI are becoming key drivers for CLM, as the market is expected to grow at 8.6% to reach $30 billion by 2026. In response, CLM providers today are building the AI-enabled contract and copilots of tomorrow to provide valuable insights across thousands of active contracts managed by Fortune 1000 companies.
This white paper explores the latest trends and innovations shaping the CLM field, delving into emerging technologies including Generative AI, evolving business needs, and the need for enhanced operational efficiency and cost optimization. Explore this comprehensive outside-in viewpoint of the CLM market.
