Latest news with #Automation
Yahoo
12 hours ago
- Business
- Yahoo
Contract Management Software Market Valued at USD 3.1 Billion in 2023, Projected to Reach USD 9.1 Billion by 2032 Amid Digital Demand
Contract Management Software Market grows rapidly driven by automation, AI integration, and rising compliance across key industries. Pune, June 28, 2025 (GLOBE NEWSWIRE) -- Contract Management Software Market Size Analysis: 'The Contract Management Software Market reached a valuation of USD 3.1 billion in 2023 and is projected to grow to USD 9.1 billion by 2032, expanding at a CAGR of 12.79% from 2024 to 2032.' This strong growth is driven by increasing demand for automation in contract lifecycle processes across industries. Businesses are seeking to reduce legal risks, improve compliance, and accelerate deal cycles, prompting the adoption of advanced software solutions. The rise of remote work, globalized operations, and complex regulatory requirements further highlight the need for centralized, cloud-based platforms. Integration with enterprise systems like CRM and ERP also enhances functionality and boosts adoption rates. In 2023, the U.S. Contract Management Software market was estimated at USD 0.8 billion and is forecasted to reach USD 2.5 billion by 2032, expanding at a CAGR of 12.51%. Growth is fueled by rising regulatory complexity, increasing adoption of digital workflows, and the need for efficient, secure contract lifecycle management across a Sample Report of Contract Management Software Market@ Major Players Analysis Listed in this Report are: Atlassian – Jira Service Management Pegasystems – Pega Case Management ServiceNow – Customer Service Management Salesforce – Service Cloud OpenText – Core Case Management InterSystems – TrakCare CompuGroup Medical – CGM Clinical Greenway Health – Intergy Adobe Workfront – Workfront TeleTracking – RTLS IBM – Case Manager Tyler Technologies – Odyssey Case Manager Appian – Dynamic Case Management Hyland Software – OnBase OpenText (formerly Micro Focus) – Content Manager Contract Management Software Market Report Scope: Report Attributes Details Market Size in 2023 US$ 3.1 Billion Market Size by 2032 US$ 9.1 Billion CAGR CAGR of 12.79 % From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Segments • By Solution (Software, Services)• By Business Function (Finance, Procurement, Sales & Marketing, Operations, HR, IT)• By Enterprise Size (SMEs, Large Enterprises)• By Industry (Manufacturing & Resources, Distribution Services, Services Industry, Public Sector, Infrastructure) Key Growth Drivers Increasing demand for contract automation, compliance management, and AI-powered workflows is accelerating software adoption. Do you have any specific queries or need any customization research on Contract Management Software Market, Make an Enquiry Now@ By Solution, Software Segment Leads the Contract Management Market Due to Workflow Automation and AI Integration In 2023, the software segment held the largest share of the contract management software market, contributing 71% of total revenue. This dominance stems from its ability to streamline complex workflows, enhance contract visibility, and reduce manual errors. Increasing adoption of AI-driven capabilities such as clause extraction, risk identification, and predictive obligation tracking is accelerating uptake across industries like BFSI, healthcare, IT, and manufacturing. By Business Function, IT Segment to Witness Fastest Growth Driven by Digital Transformation and Complex Tech Contract Needs The IT segment is expected to record the highest CAGR during the forecast period, fueled by the rising need to manage software licenses, SaaS subscriptions, and technology service agreements. As enterprises embrace digital transformation, IT departments are increasingly relying on advanced tools to oversee SLAs, vendor contracts, and cybersecurity clauses. By Enterprise Size, Large Enterprises Dominate Contract Management Software Market Due to High Contract Volumes and Compliance Needs In 2023, large enterprises accounted for 65% of the contract management software market revenue, driven by their expansive contract portfolios, global operations, and complex regulatory obligations. These organizations handle vast numbers of vendor, client, and compliance-related contracts, making automation, risk monitoring, and real-time analytics critical. They favor AI-powered, cloud-based platforms seamlessly integrated with ERP, CRM, and procurement systems. By Industry, Public Sector Segment to Record Fastest Growth Driven by Compliance and Digital Transformation Initiatives The public sector is expected to witness the highest CAGR during the forecast period, driven by the growing need for transparency, regulatory compliance, and operational efficiency in handling government contracts, grants, and procurement workflows. These agencies manage complex documentation and budget constraints across multiple departments. Rising investments in public sector digital transformation, along with mandates for faster, auditable, and compliant contracting processes, are boosting adoption of contract management software, positioning this segment for accelerated growth in the coming an Enterprise-User PDF of Contract Management Software Market Analysis & Outlook 2024-2032@ North America Leads Contract Management Software Market, Asia-Pacific to Experience Fastest Growth In 2023, North America accounted for 36% of the global contract management software market revenue, with the U.S. leading regional adoption. This dominance stems from the region's high usage of cloud-based and AI-enhanced solutions, especially in BFSI, healthcare, and IT sectors. Strict regulatory compliance, digital transformation initiatives, and the presence of large enterprises continue to fuel market growth. North America is projected to maintain its lead throughout the forecast period due to sustained technological innovation and compliance-driven demand. The Asia-Pacific region is anticipated to register the highest CAGR in the contract management software market over the forecast period. Rapid digitalization across emerging economies like China, India, and Southeast Asia is propelling demand for efficient contract lifecycle tools. Growing industrial activity in manufacturing, government, and IT sectors is creating new opportunities for software adoption. As businesses and governments modernize operations and focus on compliance, Asia-Pacific is becoming a critical growth hub for contract management software vendors seeking global expansion. About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Sign in to access your portfolio
Hindustan Times
15 hours ago
- Business
- Hindustan Times
Navigating compliance challenges with integrated security platforms
Security and compliance may serve different purposes, but they're deeply interconnected. Treating them as separate often creates more problems than it solves. For many organisations, regulatory requirements feel like a moving target: Complex, time-consuming, and not always aligned with everyday security challenges. But the truth is, when compliance is built into the very fabric of security operations—how threats are detected, monitored, and responded to—it stops being a burden. With the right approach, compliance becomes a natural outcome of strong cybersecurity practices: Automated, intelligent, and seamlessly integrated into how an organisation protects itself in a fast-changing cyber threat landscape. Digital security(Representative image) Traditional compliance methods are tedious—massive log files, never-ending audits, and time-consuming investigations. That's where security analytics and automation come in. With the right tools, organisations can move from labour-intensive compliance processes to an integrated, data-driven approach. SIEM (Security Information and Event Management): Compliance starts with visibility. SIEM ingests, normalises, and correlates security data in real time, ensuring businesses meet logging and reporting requirements effortlessly. Compliance starts with visibility. SIEM ingests, normalises, and correlates security data in real time, ensuring businesses meet logging and reporting requirements effortlessly. SOAR (Security Orchestration, Automation, and Response): Compliance isn't just about collecting logs—it's about responding to incidents efficiently. With automated workflows, SOAR ensures threats are contained before they turn into compliance violations. Compliance isn't just about collecting logs—it's about responding to incidents efficiently. With automated workflows, SOAR ensures threats are contained before they turn into compliance violations. UEBA (User and Entity Behaviour Analytics): Regulations demand proof that organisations can detect and prevent insider threats and anomalies. UEBA continuously analyses user behaviour to flag anything suspicious before it becomes a full-blown incident. Instead of seeing compliance as a burden, organisations that leverage an integrated security platform experience it as a built-in advantage: an automated, intelligent process that strengthens security while reducing human error and operational fatigue. Every industry has its own regulatory maze. Whether it's financial services, health care, or retail, security teams constantly battle evolving laws and growing cyber risks. In banking and financial services, institutions must adhere to stringent regulations such as Know Your Customer (KYC), Anti-Money Laundering (AML) policies, and Reserve Bank of India (RBI) guidelines. These requirements demand constant vigilance, and SIEM solutions play a crucial role by continuously monitoring transactions and user activity, while UEBA detects anomalies indicative of fraud or insider threats. In health care, patient data protection is paramount under regulations like the Health Insurance Portability and Accountability Act (HIPAA) in the US and India's Digital Personal Data Protection (DPDP) Act. SOAR enables hospitals and health care institutions to automate incident response, reducing reaction times and minimising the risk of compliance breaches. Retail and e-commerce businesses, on the other hand, face the ongoing challenge of maintaining Payment Card Industry Data Security Standard (PCI DSS) compliance to protect customer transactions. With high transaction volumes and multiple access points, real-time monitoring is critical. Advanced security platforms ensure that every transaction and access request is scrutinised, minimising exposure to fraud and unauthorised activities. These aren't theoretical benefits—they're the realities businesses face every day. Organisations that embrace a compliance-first mindset, powered by security automation and intelligence, don't just mitigate risks—they create a safer, more predictable operational environment. Audits can be painful. A single misstep can lead to fines, reputational damage, and even legal consequences. But what if compliance wasn't just about avoiding penalties? What if it actually gave businesses a strategic advantage? By implementing an integrated security approach, organisations get automated compliance reporting (no more scrambling to gather logs or generate reports). Real-time risk detection resolves security breaches before they turn into compliance nightmares. There is enterprise-wide visibility—a single pane of glass for security and compliance—making governance smoother than ever. What starts as a compliance investment quickly becomes an organisation's strongest cybersecurity asset. This shift from reactive to proactive security strategies is essential in today's dynamic threat landscape. Cybersecurity and compliance are evolving in lockstep. As new threats emerge, regulations will continue to tighten, making it even more critical for organisations to embrace advanced security solutions. Here's what we can expect in the foreseeable future. With Artificial Intelligence (AI)-driven compliance, we can leverage machine learning for smart, fast regulatory monitoring. The zero-trust enforcement ensures security at every access point, and not just at the perimeter. With cloud-first security strategies, compliance models are able to adapt to hybrid and multi-cloud environments. Automated threat containment reduces dwell time and manual intervention through AI-driven responses. And the rise of global standardisation with cross-border regulations pushes businesses to adopt unified compliance strategies. The future isn't about choosing between compliance and security—it's about making them one and the same. Organisations that rely on manual processes will struggle to keep up with the pace of regulatory changes and cyber threats. An automated, intelligence-driven approach is no longer optional; it is a necessity. Cybersecurity isn't just a cost centre—it's a business enabler. Organisations that invest in integrated security platforms future-proof their operations against evolving threats. Compliance shouldn't be reactive; security shouldn't be an afterthought. By integrating SIEM, SOAR, and UEBA, businesses can build a resilient, future-ready security armour. As regulations continue to evolve and cyber threats grow in sophistication, the need for an automated, intelligence-driven security strategy has never been greater. Securonix's advanced approach to SIEM, SOAR, and UEBA empowers organisations to turn compliance from a burden into a business advantage. Because when security is done right, compliance follows naturally. This article is authored by Dipesh Kaura, country director, India & SAARC, Securonix.
Yahoo
2 days ago
- Business
- Yahoo
Will AI replace your job? See which city in Georgia is the most concerned in the US
Will AI take my job? As artificial intelligence continues to reshape the workplace, a growing number of Americans are turning to Google with this pressing question. A new report from TRADESAFE suggests the concern is especially strong in Georgia's capital. While Georgia ranks 32nd nationally in AI-related job anxiety per capita, Atlanta tops the list of all U.S. cities most concerned about AI job loss, according to a new analysis by the safety equipment company. The study combines survey results from over 1,000 Americans with more than a year's worth of Google search data, revealing shifting attitudes about employment, automation, and career planning. Between January 2024 and March 2025, researchers tracked 122 AI-related search terms, including phrases like "Will AI take my job?", "careers safe from automation", and "jobs AI can't replace." These were analyzed across all 50 states and the 50 most populous U.S. cities. When adjusted for population size, Atlanta ranked #1 in the country for per capita searches related to AI job anxiety. Other cities high on the list include Minneapolis, Miami, Tampa, and Seattle. TRADESAFE only included search terms that showed a consistent upward trend over time, aiming to spotlight areas where public concern is growing, not just spiking temporarily. Atlanta also ranked No. 2 in the nation for searches related to blue-collar job interest per capita, signaling that some workers may be considering a shift toward roles that are perceived as less vulnerable to automation. 'Blue-collar' refers broadly to hands-on, skilled trades and manual labor roles, like: Construction Manufacturing HVAC Mechanics Electricians Truck driving Many of these jobs, while not immune to automation, are seen as harder to fully replace with AI in the near future due to their physical or on-site requirements. Other cities showing high interest in blue-collar careers include Minneapolis (which topped the list), Seattle, Denver, and Portland. For more information, visit Vanessa Countryman is the Trending Topics Reporter for the the Deep South Connect Team Georgia. Email her at Vcountryman@ This article originally appeared on Savannah Morning News: AI job anxiety is rising: And no US city is more concerned than Atlanta
Cision Canada
4 days ago
- Business
- Cision Canada
Automation Anywhere Collaborates with Akshaya Patra to Power its Mission of Providing 5 million Daily Meals with Smarter AI Logistics
Strategic partnership enables AI-powered automation to enhance operational excellence, streamline donor engagement, and optimise a nationally scaled school meal programme serving millions of children BENGALURU, India, June 25, 2025 /CNW/ -- In a landmark collaboration, Automation Anywhere, the leader in Agentic Process Automation (APA), and The Akshaya Patra Foundation, one of India's leading social impact organisations and an implementing partner of the government's flagship PM POSHAN programme are revolutionizing charity operations in India. Leveraging AI-powered automation, donor engagement processes have been streamlined by up to 70%, reducing turnaround times from over 20 hours to just 40 minutes accelerating Akshaya Patra's mission to provide mid–day meals to 5 million children every school day. Currently reaching over 2.35 million children across 25,000 government and government-aided schools, Akshaya Patra has already seen tangible benefits from the partnership. With the support of Automation Anywhere, the Foundation is transforming key operational areas including donor management, route optimisation and supply chain workflows to achieve greater efficiency, transparency, and scalability. These improvements are enabling the organisation's teams to focus on strategic outreach and relationship-building efforts. Commenting on the partnership, Mr. Vinod Sudhakar, Chief Information Officer, The Akshaya Patra Foundation, said, "At Akshaya Patra, we view technology as an enabler of purposeful transformation. Our collaboration with Automation Anywhere is helping us harness the potential of AI to not only optimise systems but to deepen our service to children across India. With smarter tools, we are driving meaningful impact at scale faster, more efficiently, and more sustainably." "At Automation Anywhere, we believe technology can help amplify social impact," said Neeti Mehta Shukla, Co-Founder & Chief Social Impact Officer. "This collaboration stands as proof that AI-powered automation can fuel meaningful change—helping every rupee go further, every meal reach faster, and every child be nourished better. It's about scaling compassion with precision, and building a stronger, healthier India. We are both privileged and committed to work with a mission driven organization like Akshaya Patra." With phase one yielding substantial outcomes, the partnership is set to advance into AI-driven procurement, enabling direct sourcing from farmers and local millers and the introduction of Agentic-AI led demand-responsive production mechanisms to minimise food waste. Further enhancements in delivery logistics and resource planning are expected to amplify operational resilience as the Foundation expands its reach. Akshaya Patra will also leverage real-time data and AI-powered automation to enhance logistics performance across its fleet of 2,200+ delivery vehicles operating on 1,500+ daily routes—improving route planning, fuel efficiency, and operational visibility. This partnership reflects a shared commitment: leveraging the power of Agentic AI driven automation and data-led innovation to create a hunger-free, educated future for children across the country. About Automation Anywhere A pioneer in Agentic Process Automation, Automation Anywhere empowers organizations to harness the power of AI-driven bots that work alongside employees to automate complex business processes—improving efficiency, accuracy, and real-world impact. Engage with Automation Anywhere Automation Anywhere is a registered trademark/service mark of Automation Anywhere, Inc. in the United States and other countries. Other marks referenced are the property of their respective owners. About The Akshaya Patra Foundation The Akshaya Patra Foundation is a social impact organisation committed to addressing classroom hunger and supporting children's health and education. As an implementing partner of the Government of India's PM POSHAN scheme, Akshaya Patra serves 2.35 million mid-day meals to beneficiary children across 25,000+ schools. Additionally, it provides 8 lakh servings under the Morning Nutrition Programme, contributing to improved child health, increased school enrolment, attendance and retention, and better learning outcomes. Akshaya Patra has established a robust operational network, currently functioning in 78 locations across 16 states and 3 union territories. It has set up 76 state-of-the-art centralised kitchens—globally recognised for their scale, efficiency and food safety standards—and adopted the decentralised model in two locations where setting up centralised infrastructure is difficult due to difficult terrain and road connectivity. Akshaya Patra continuously forges partnerships and leverages technology to cater to millions of children and has served over 4 billion meals since 2000. The momentous milestone was commemorated at a special event at the UN headquarters in New York on 2 April 2024.
Yahoo
5 days ago
- Business
- Yahoo
AOHWV Hosts "Security + Identity = Continuous" Lunch & Learn on July 18
LINCOLNSHIRE, Ill., June 23, 2025 /PRNewswire/ -- AOHWV short for Atomic Orbital Hydrogen Wave Vector and the dedicated identity practice of RedLegg, today announced an exclusive Lunch & Learn event taking place on July 18, 2025, at Wildfire in Lincolnshire, Illinois. The event, titled "Security + Identity = Continuous", will bring together security and identity professionals for an engaging session on how identity, automation, and detection converge in continuous security operations. The agenda includes a demo of RedLegg's Phishing Response Action Pack & AOHWV's Core Sync platform with live use case discussions and hands-on takeaways. "It is not about one-time fixes, but rather a continuous process where identity, automation, and observability operate in sync to reduce risk," said Laura Hees, Managing Partner of AOHWV. This in person (and live streaming) community event, is designed for anyone interested in Identity & Access Management (IAM). Registration About AOHWV AOHWV strives to go beyond the ordinary, aiming to be intriguing and impactful in all that we do. We focus on enhancing security posture, one successful use case execution at a time. Our ultimate objective encompasses strategy, architecture, security and all the crucial aspects that fall in between. Making a meaningful difference is what truly matters in our work. Space is limited. Registration is required in advance. View original content to download multimedia: SOURCE AOHWV Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
