Report:
Magic Quadrant for Contract Life Cycle Management
Top Products Added to Evaluation in 2023
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
Top Products Removed from Evaluation in 2023
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
- Legal Suite -
Did not meet the requirement of more than $12 million in revenue exclusively from CLM software (excluding professional services) in 2022 and a minimum of 35 new customer logos in 2022.
- Oracle -
Gartner could not verify that the vendor meets the inclusion criteria that the solution is positioned for customer use for all types of contracts (e.g., supplier, customer, employment contracts) and the user base is inclusive of sales, legal and procurement users.
- SAP Ariba -
Did not meet the inclusion criteria that the solution is positioned for customer use for all types of contracts, for example, supplier, customer, employment contracts.
- Unit4 (Scanmarket) -
Did not meet the inclusion criteria of at least 15% of current customers having annual revenue of $1 billion or greater.
- Zycus -
Did not meet the inclusion criteria of more than $12 million in revenue exclusively from CLM software (excluding professional services) in 2022 and a minimum of 35 new customer logos in 2022.
Notable Context
We review and adjust our inclusion criteria for Magic Quadrants as markets change. As a result of these adjustments, the mix of vendors in any Magic Quadrant may change over time. A vendor's appearance in a Magic Quadrant one year and not the next does not necessarily indicate that we have changed our opinion of that vendor. It may be a reflection of a change in the market and, therefore, changed evaluation criteria, or of a change of focus by that vendor.
FAQs
Q: Why do vendors appear one year and not the next?
A: A vendor's appearance in a Magic Quadrant one year and not the next does not necessarily indicate that we have changed our opinion of that vendor. It may be a reflection of a change in the market and, therefore, changed evaluation criteria, or of a change of focus by that vendor.
Q: How do I interpret a Gartner Magic Quadrant?
Reference
- Gartner, Magic Quadrant for Contract Life Cycle Management, 18-Oct-2023, ID G00780816
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