MetricStream Positioned as a Leader in Gartner’s 2017 Magic Quadrant for IT Risk Management Solutions
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document. The Gartner document is available upon request from MetricStream
Gartner’s latest Magic Quadrant for ITRM defines its market scope and evaluates 10 leading IT vendors on their software’s ability to enable the automated assessment, monitoring, and mitigation of IT and other risks and related workflows whose ownership lies with IT stakeholders. The report provides valuable insights on:
- The ITRM market's maturity level – how it has advanced from "adolescent" to "early mainstream," with a market penetration of 20% to 50%; not projected to plateau for another two to five years.
- The persistence of interest in ITRM initiatives, due to recent and emerging cybersecurity mandates, such as the Enhanced Cyber Risk Management Standards (U.S.), the New York State Department of Financial Services Cybersecurity Regulation (U.S.), Cybersecurity Law (China), and the Reserve Bank of India (RBI) Guidelines for Cybersecurity (India).
- IT risk assessment, requirements mapping to risks, and risk reporting are weighed highest among ITRM capabilities. Ease of navigation and time taken to complete individual risk-workflow-related tasks in the solution have risen to the top must-have criteria.