Contract Risk Mitigation and Optimization: Market Growth 2025–2032
The Contract Management Software (CMS) market , including Contract Lifecycle Management (CLM) solutions, is rapidly growing as enterprises digitize legal, procurement, and compliance workflows. With AI, cloud computing, and automation transforming how contracts are created, signed, and managed, organizations are embracing digital transformation to reduce legal risks and improve operational efficiency. This surge is seen across industries such as finance, healthcare, telecom, and manufacturing. The global contract management software market size was valued at USD 4.87 billion in 2024 and is projected to grow from USD 5.46 billion in 2025 to USD 13.69 billion by 2032, exhibiting a CAGR of 14.04% during the forecast period . Market Growth Overview Organizations are shifting to digital platforms for end-to-end contract lifecycle management. Rising regulatory compliance pressures are driving increased investment in CMS. Cloud-based deployment is ...