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SPARK Matrix™: Governance, Risk, and Compliance (GRC) Platforms, 2022

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Quadrant Knowledge Solutions’ Governance, Risk, and Compliance (GRC) Platform’s market research include a detailed analysis of the global market regarding emerging technology trends, market trends, and future market outlook. The study provides a comprehensive analysis of the global market and the overall market adoption as well. This research provides strategic information for technology vendors to better understand the existing market, supporting their growth strategies; and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.

The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading GRC solution vendors, with a global impact. The SPARK Matrix includes an analysis of vendors, including Allgress,  AuditBoard,  Camms,  CURA Software,   Diligent,   IBM,   Ideagen,   LogicGate,   LogicManager,   MEGA   International, MetricStream,  Mitratech,  NAVEX,  OneTrust,  Reciprocity,  Resolver,  Riskonnect,  RSA, SAI360, SecurEnds. ServiceNow, Sword GRC, and Workiva.

GRC software enables organizations to integrate and manage processes and data for effectively meeting company objectives related to governance, risks, and compliance management. Traditionally, most organizations use multiple GRC tools, such as enterprise GRC, IT GRC, risk management, compliance management, and policy management, to cater to their different department needs. However, the GRC market landscape is changing, with users increasingly looking at integrated solutions in a single framework to monitor and manage risks, reduce costs, and minimize complexities.

According to Pradnya Gugale, Analyst at Quadrant Knowledge Solutions, “Modern GRC solutions are backed by technologies like AI, ML, RPA that help in offering a robust, flexible, and scalable architecture thereby enabling customers to quickly implement solutions based on their unique needs and business requirements. Moreover, integrated GRC platforms benefit organizations with improved transparency, corporate accountability, comprehensive risk visibility, and improved financial and operational efficiencies.”


2022 Governance, Risk and Compliance (GRC) SPARK Matrix
Source: Quadrant Knowledge Solutions

SPARK Matrix_GRC_2022


Table of Contents

Executive Overview

Market Dynamics and Overview

Factors Influencing Technology Development and Market Growth

Competition Landscape and Analysis 

  • Competitive Overview and Analysis
  • Key Competitive Factors and Technology Differentiators

SPARK Matrix™: GRC Platforms

Vendor Profiles

Research Methodologies

AML solution research is a part of Quadrant’s Security & Risk Management practice.

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