Princeton, New Jersey, July 8, 2025 (Globe Newswire) – Malbek, a leading provider of latest contract lifecycle management (CLM) solutions, today announced its positioning as a “major player” in the prestigious IDC market. Awareness arises as the CLM market is being converted significantly, with IDC projecting a combined annual growth of 11.4% over the next five years, with 86% of deployments expected to be SaaS or cloud-enabled by 2026.
IDC Marketscape states, “Buyers should consider Malbec when looking for the latest cloud-native CLM solution that balances intuitive ease of use with advanced features. Malbec is especially suitable for organizations that value no-code configurability.
Our strengths include:
Modern and Intuitive User Experience: Malbek is designed using the principles of best practices of consumer technology companies, allowing users to adopt and take advantage of the system with little or no training. There is no possibility of code configurability. The platform allows business users to help coding templates, workflows, processes or help IT engagement. It is embedded at every stage of the contract lifecycle and provides actionable insights and automation that are independent of bolt-on or external AI modules. “We believe this IDC Marketscape recognition validates our vision of providing corporate-grade AI capabilities while still providing contract management as intuitive as consumer technology,” said Hemanth Puttaswamy, CEO of Malbek. “We believe our positioning in the reporting demonstrates that our modern cloud-native approach resonates with organizations seeking to transform contract processes through built-in artificial intelligence and user-centered design.”
“The CLM market has reached an inflection point where AI capabilities are no longer an option and are essential for competitive differentiation,” said Patrick Reymann, IDC research director and research director for procurement and enterprise applications application applications. “Organisations are looking for a platform that can convert contract data into strategic assets. Vendors like Malbek have built AI into their underlying architecture.
This perception will lead organizations to increasingly prioritize solutions that can bring immediate value while adapting to evolving business requirements without extensive technical resources.
“We are excited to see IDC Marketscape recognizes Malbek as a key player,” added Ed Breault, Malbek's chief marketing officer. “Malbec continues to make aggressive progress in attracting and serving customers to high-growth customers projected in the 11.4% 5-year CAGR CLM market.”
Malbec serves a customer base that transcends industry-specific strength in life sciences, healthcare, technology, manufacturing and financial services. The company's no-code, fully configurable solution seamlessly integrates with Salesforce, SAP, Microsoft, Docusign, AWS, and more than 50 other enterprise applications to support comprehensive contract workflows.
Recent customer implementations have demonstrated significant improvements in contract cycle times, compliance tracking and user adoption rates, examining the platform's approach of combining advanced AI capabilities with intuitive user experience design.
*Source: IDC, Global Contract Lifecycle Management Software Market Forecast, 2025-2029; June 2025, IDC#US53582125
About IDC Marketscape:
The IDC MarketScape vendor rating model is designed to provide an overview of the competitive fitness of technology and service suppliers in a particular market. This study utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that yield a single graphical diagram of each supplier's position within a particular market. IDC MarketScape provides a clear framework that can meaningfully compare current and future market success factors for product and service delivery, capabilities, strategies, and technology suppliers. This framework provides technology buyers with a 360-degree assessment of the advantages and disadvantages of current and future suppliers.
About Malbec
Malbec is at the forefront of the digital contract revolution. With ongoing innovation, well-integrated solutions, and the latest in AI technology across the platform, they will continue to increase efficiency and drive meaningful impact on organizations around the world. It's no wonder that a customer-centric approach maintains a 120% customer retention rate and a 96% customer satisfaction rating. Malbec continues to create waves and disrupt traditional CLM technology with ease of use, robust workflows and highly configurable platforms. Follow Malbek on LinkedIn and learn more at www.malbek.io.
Contact: Lizzy Painter
Malbec
[email protected]
