The global contract management software market is expected to see rapid growth in the next few years, reaching $7.15 billion in 2028 at a CAGR of 15.4%. This growth can be attributed to the integration of AI and machine learning, blockchain technology, and advanced analytics. Major trends in the market include enhanced AI capabilities, augmented and virtual reality integration, and a focus on cybersecurity and data privacy. Top companies in the market include IBM, SAP, and Infosys.