According to statistics, the contract management software market was valued at $1.3 billion in 2018. It is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.7% from 2019 to 2027, blossoming into a $5.2 billion industry. One of the industries that this software has become common is marketing agencies. Contract Management, a Challenge to Agencies As you may be aware, marketing agencies have to sign multiple contracts with several companies that are part of their client portfolio. The challenge is that marketers are not lawyers, so for startups and agencies that don't have in-house legal teams, managing the contract lifecycle is a challenge. But thanks to contract management software, marketing agencies don't need to hire lawyers to manage the contract
