MetricStream Positioned as a Leader in Gartner’s 2017 Magic Quadrant for IT Vendor Risk Management

Gartner Magic Quadrant ITVRM 2017

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from MetricStream

Gartner’s latest Magic Quadrant for IT VRM defines its market scope and evaluates 12 leading IT vendors on their software’s ability to enable the assessment, monitoring, and mitigation of risks arising from the use of IT vendors and IT service providers. The report provides valuable insights on:

  • The market definition and scope for IT VRM - how the IT VRM market emerged primarily to support the requirements for regulatory compliance and infosec that arose from enterprises' increased use of, and reliance on, third-party IT service providers and IT vendors.
  • Key trends affecting the IT VRM market - the demand for solutions spanning the entire sourcing life cycle, need for greater visibility into and oversight of the enterprises' exposure to third-party risks, and the growing regulatory IT VRM oversight requirements
  • The drivers contributing to the growing demand for IT VRM solutions - high-profile failures of IT service providers, increasing rollouts of enterprise risk management programs, and third-party access to sensitive and regulated information.

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