1 Management Summary
The KuppingerCole Market Compass Report provides an overview of a market segment and the vendors in that segment. It covers the trends that are influencing that market segment, how it is further divided, and the essential capabilities required of solutions. It also provides ratings of how well these solutions meet our expectations.
This Market Compass provides an assessment of the capabilities provided by nine vendors that compete in the market for Integrated Risk Management (IRM) platforms. It focuses on capabilities to monitor risk within an organization including IT assets, business, vendor, and compliance risk. In addition, IRM platforms should enable organizations to align risk strategy to policies and their business sector. We also record nine Vendors to Watch that offer interesting capabilities as an alternative.
A dedicated IRM software platform is only viable if it makes risk management in the organization more efficient than legacy methods of conducting integrated risk management programs (whether digital or analog) and delivers higher visibility of static and dynamic risk measurements on the lateral and vertical movement of data. Such a platform, whether run from the cloud or on premises must also be cost-effective and deliver business value by preventing compliance or security incidents from damaging the business.
Readers of this Market Compass will learn about the trends and developments in this market segment including how cybercrime growth is affecting the development of IRM platforms and why compliance and privacy laws are making organizations reassess IRM policies and processes.
Readers should consider vendors based on the internal requirements of their own organization's use cases and use this report as a guide to shortlist those vendors that may fit.