Risk Management Resources Market Taxonomy, Trends, and Vendor Classification

Reassess Vendor Resources for Decision-Centric Risk Management

The past emphasis of risk management on risk registers, controls, and regulatory compliance is giving way to business practices that elevate organizational objectives and decisions as the primary concern when addressing risks. This is more than a simple restatement of risk management concepts. It requires a new perspective on what tools and resources are necessary for integrating risk management with decision-making processes. 

This IMT report resets the classification and definition of risk management resources based on a decision-centric role for risk management practices.

This industry research translates the updated guidance of risk management standards like COSO ERM and ISO 31000 and connects it to current technology and vendor trends to offer a simple categorization of services, software, and information resources to consider when seeking support to enable risk-informed decision making. Market drivers, trends, and extensive vendor examples substantiate each market segmentation category and definition.

• The market taxonomy is designed as a nexus to facilitate vendor-customer dialogue by clarifying vendor capabilities in the context of risk management resource needs.
• Service, software, and information vendors can consider this market-wide perspective to reassess their own value positioning, portfolio development, partnership, and acquisition strategies.
• Enterprises can leverage the holistic resource needs and vendor classification taxonomy to help decipher how external offerings can provide, supplement, or enhance their risk management system resources.

The report Table of Contents and List of Figures follow: