Market Share of Vendor Risk Management Industry
The market for vendor risk management is semi-consolidated as few established players in the market have gained the majority of the market share and thus are highly competitive. The huge initial investment and capability to cope with the rapidly changing technology have made it difficult for new vendors to enter the market.
- November 2023 - Mertic Stream has announced a cloud GRC solution powered by MetricStream CyberGRC and AWS Audit Manager from Amazon Web Services (AWS), MetricStream’s new cloud GRC solution is designed to provide customers with the ability to centrally manage risks, compliance standards, frameworks, and controls, and provides automated evidence gathering and assessments across on-premises and AWS environments.
- August 2022 - The most recent version of Prevalent, Inc.'s Third-Party Risk Management Platform was launched. Automated document analysis and customized dashboards are introduced in version 3.28 to expedite and streamline vendor management throughout the third-party lifecycle and the examination of supporting documentation.
Vendor Risk Management Market Leaders
RSA Security LLC
IBM Corporation
Genpact Limited
LockPath
SAI Global
*Disclaimer: Major Players sorted in no particular order
