Celebrating the 2023 IRM All-Stars: Top 46 Vendors Revealed

In today's rapidly changing and increasingly interconnected world, Integrated Risk Management (IRM) has become critical for organizations to stay ahead of the curve. Organizations can effectively navigate the complexities of the modern business landscape by adopting a comprehensive and systematic approach to identifying, assessing, prioritizing, and addressing risks.

IRM is vital in enhancing performance, resilience, assurance, and compliance, making it indispensable for businesses across various industries. The IRM market brings together technologies across four market segments: operational risk management (ORM), information technology risk management (ITRM), enterprise risk management (ERM), and governance, risk, and compliance (GRC). By covering these four segments, organizations can holistically address their risk objectives and ensure a robust risk management strategy.

To help organizations make informed decisions, Wheelhouse Advisors has conducted in-depth analyses and insights into the top 46 IRM technology vendors in the IRM Navigator™ Market Map Report. The IRM market has witnessed considerable growth, with Wheelhouse Advisors projecting that the IRM technology market will reach $93 billion by 2030.

Wheelhouse Advisors is delighted to announce and congratulate the top 46 IRM all-stars for 2023. These outstanding companies have showcased their dedication to providing innovative and effective risk management solutions to organizations worldwide.

Source: Wheelhouse Advisors LLC

In alphabetical order, the top 46 IRM technology vendors are:

6Clicks, Allgress, Aravo, Archer, AuditBoard, Axio, Camms, Corporater, Coupa, Cura, CyberSaint, Diligent, EcoOnline, Empowered Systems, EtQ, Everbridge, Fusion Risk Management, IBM OpenPages, Ideagen, Kroll Resolver, LogicGate, LogicManager, Mega, MetricStream, Microsoft, Mitratech, Nasdaq ESG, NAVEX, Novisto, OneTrust, Onspring, Origami Risk, Prevalent, ProcessUnity, Quantivate, RiskOptics (formerly Reciprocity), RiskLens, Riskonnect, RiskRecon, SAI360, ServiceNow, Sphera, Ventiv, Wolters Kluwer - Enablon, Wolters Kluwer - TeamMate, and Workiva.

In the upcoming weeks, we will publish additional blog posts in the RiskTech Journal, delving deeper into the Market Leaders, Accelerators, and Pace Setters among these top vendors:

1.    Market Leaders: These vendors offer comprehensive solutions with a high degree of integration and maintain a strong presence in the market. Market Leaders often provide end-to-end solutions, catering to various industries and market segments, and possess a proven track record of delivering value to their customers.

2.    Accelerators: These vendors rapidly expand their solution offerings through organic growth or strategic acquisitions. They may feature innovative solutions or unique approaches to addressing risk management challenges, distinguishing them from competitors. Accelerators have a solid foundation in the IRM space and are poised to become significant players in the market.

3.    Pace Setters: These vendors provide niche or specialized solutions that cater to specific risk management needs, often focusing on one or a few industry segments. Pace Setters may offer more "off-the-shelf" or "purpose-built" solutions but can provide unique and valuable solutions to their target customers. 

Watch for these in-depth analyses and insights into the top IRM vendors. Be sure to visit the RiskTech Journal for the latest updates and expert perspectives on the ever-evolving world of integrated risk management.

We encourage you to explore these leading IRM vendors and stay informed on the latest developments in the market. As we continue to monitor the growth and progress of these top vendors, Wheelhouse Advisors remains committed to providing valuable insights and expertise to help organizations effectively manage risk.

Once again, congratulations to the top 46 integrated risk management vendors of 2023 for their remarkable achievements and contributions to the market. And don't forget to follow the RiskTech Journal for the most recent news, analysis, and thought leadership on the dynamic landscape of integrated risk management. Together, we can build a more secure and resilient future.