Gartner Research

Gartner Magic Quadrant for IT Vendor Risk Management Tools

Summary

IT vendor risk management software provides solutions to manage and automate the vendor risk management life cycle, address third-party risk and meet regulatory compliance. Gartner’s Magic Quadrant helps sourcing, procurement and vendor management leaders evaluate this growing and dynamic market.

Published: 24 August 2020

ID: G00465546

Analyst(s): Joanne Spencer, Edward Weinstein

Table Of Contents

Market Definition/Description

Magic Quadrant

  • Vendor Strengths and Cautions
    • Allgress
    • Aravo
    • CyberGRX
    • Fusion Risk Management
    • Galvanize
    • IBM
    • LogicGate
    • LogicManager
    • MetricStream
    • NAVEX Global
    • Ncontracts
    • OneTrust
    • Prevalent
    • ProcessUnity
    • Quantivate
    • Riskonnect
    • RSA
    • SAI Global
    • ServiceNow
    • SureCloud
    • ThirdPartyTrust
    • Venminder
    • Whistic
  • Vendors Added and Dropped
    • Added
    • Dropped

Inclusion and Exclusion Criteria

  • Inclusion Criteria

Evaluation Criteria

  • Ability to Execute
  • Completeness of Vision
  • Quadrant Descriptions
    • Leaders
    • Challengers
    • Visionaries
    • Niche Players

Context

Market Overview

  • Key Trends Affecting the IT VRM Market

Gartner Recommended Reading

  • Ability to Execute
  • Completeness of Vision

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