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IRM Market Visionaries and Challengers Join Forces to Battle Leaders

Gartner 11 Feb 2019 09:02

by John A. Wheeler  |  February 11, 2019  |  Submit a Comment

In the span of a week, the integrated risk management (IRM) technology market has experienced significant consolidation. Four vendors from Gartner’s inaugural 2018 IRM Magic Quadrant have joined forces to evolve their legacy governance, risk and compliance (GRC) offerings to better compete in the IRM market (see figure below).

IRMConMQ

Last Monday, market challenger ACL announced the acquisition of market visionary Rsam.  Today, market visionary SAI Global announced the acquisition of market challenger Nasdaq’s Bwise group. Both acquisitions represent the maturation of the IRM market towards greater end-user adoption. In fact, Gartner predicts by 2021, 50% of large enterprises will use an IRM solution set to provide better decision-making capabilities (up from 30% in 2017). In addition, Gartner forecasts the IRM market (including consulting services and implementation) is on pace to grow from $5.3 billion in 2017 to $8.0 billion by 2021.

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IRMGartnerJohn A WheelerACLSAI Global
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