How Big is the Gartner CLM Market | Value, Trends & Projections 2025

Q: How big is the Gartner CLM market?

The CLM market was estimated at USD 2.5 billion in 2024 and is projected to reach USD 6.34 billion by 2031.

Q: What factors are driving the Gartner CLM market?

Automation demand, cloud-based deployment, AI integration, and compliance requirements are key drivers

Q: Who are the top companies in the Gartner CLM market?

Leading players include Icertis, DocuSign, Conga, SAP, Oracle, and Ironclad

Q: What are some recent trends in the market?

Trends include AI contract review, real-time redlining, SaaS deployment, and system integration

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6102

Publication Date: Jul 2025

What is the size of the Gartner CLM Market?

According to 6Wresearch internal database and industry insights, the Gartner CLM market was estimated at USD 2.5 billion in 2024 and is projected to reach USD 6.34 billion by 2031, growing at a CAGR of 10.6 % during the forecast period 2025–2031.

Due to digital transformation, regulatory compliance needs, and the rising use of AI in contract workflows, widespread shift to cloud based contract management platforms, the market is predicted for the strong growth in the coming years.

Key Growth Drivers of the Gartner CLM Market

Increasing enterprise demand for automated contract processes
Rising adoption of AI for risk analysis and clause extraction
Widespread shift to cloud-based contract management platforms
Growth in remote work driving demand for digital contract solutions
Expansion of CLM across sectors like healthcare, BFSI, and manufacturing

Gartner CLM Market Trends

Gartner CLM market is growing over the years as vendors are offering AI-powered contract analytics and smart clause suggestions. This market is integrated with procurement and CRM systems is now a standard requirement. Further, SaaS-based CLM adoption continues to grow with emphasis on real-time collaboration, automated redlining, and enhanced auditability features. The demand for unified contract platforms that support end-to-end visibility and lifecycle insights. Customizable dashboards and mobile access are also becoming common features for enterprise users.

Emerging Developments in the Gartner CLM Market

Gartner CLM market is seeing developments over the years as the AI is being integrated for auto-review, negotiation, and compliance tracking. CLM platforms are launching low-code tools and obligation dashboards. There is increasing M&A activity to strengthen platform capabilities and expand into new enterprise markets. New features such as smart templates, AI-generated contract summaries, and multilingual contract support are helping organizations scale globally. Blockchain and smart contracts are being explored for secure, traceable transactions.