This RadarView™ is designed to inform enterprises about governance, risk, and compliance (GRC) best practices and provide a relatively granular understanding of key service providers. It begins with a summary of key trends shaping the supply side of the market. It continues with a detailed assessment of 16 providers offering GRC services. Each profile provides an overview of the service provider, its key IP assets, and a list of clients and partnerships, along with brief client case studies. Each profile concludes with analyst insights on the provider’s practice maturity, partner ecosystem, and investments and innovations.
Why read this RadarView?
GRC practices support enterprises in maintaining compliance, mitigating risks, enhancing operational efficiency, increasing organizational resilience, and ensuring business continuity. Service providers assist in deploying GRC tools, frameworks, and strategies, ensuring alignment with current regulations.
In addition, select service providers are leveraging Gen AI to automate risk detection and compliance checks. This helps organizations stay compliant with evolving regional and industry regulations, fostering more agile and effective GRC management.
The Governance, Risk, and Compliance Services 2024 RadarView™ highlights key supply-side trends in the governance, risk, and compliance space and Avasant’s viewpoint on them. It aids companies in identifying top service providers to assist them in adopting governance, risk, and compliance solutions. It also analyzes each service provider’s capabilities in technology and delivery support, enabling organizations to identify the right strategic partners for governance, risk, and compliance.
Featured providers
This RadarView includes a detailed analysis of the following governance, risk, and compliance service providers: Accenture, Capgemini, CGI, Cognizant, DXC Technology, Eviden, HCLTech, IBM, Infosys, Kyndryl, LTIMindtree, Mphasis, TCS, Tech Mahindra, Telefónica Tech, and Wipro.
Methodology
Our evaluation of service providers is based on primary input from the providers, focused briefings, public disclosures, and Avasant’s ongoing market interactions. The assessment is across the three dimensions of practice maturity, partner ecosystem, and investments and innovation, leading to our recognition of those service providers that have brought the most value to the market over the past 12 months.
Table of contents
About the report (Page 3)
Executive summary (Pages 4–8)
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- Defining governance, risk, and compliance services
- Avasant recognizes 16 top-tier providers supporting enterprise adoption of governance, risk, and compliance services
- Provider comparison
Supply-side trends (Pages 9–13)
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- Fixed-price and input-based pricing models are being adopted in over 80% of governance, risk, and compliance engagements.
- Over 60% of the investments are focused on practice growth and human capital development.
- Over 50% of the IPs and assets developed by service providers focus on risk management.
- Service providers are leveraging Gen AI to streamline standards implementation and fraud prevention.
Service provider profiles (Pages 14–46)
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- Detailed profiles for Accenture, Capgemini, CGI, Cognizant, DXC Technology, Eviden, HCLTech, IBM, Infosys, Kyndryl, LTIMindtree, Mphasis, TCS, Tech Mahindra, Telefónica Tech, and Wipro.
Appendix (Pages 47–50)
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- RadarView assessment
- Research methodology and coverage
- Interpretation of classification
Key contacts (Page 51)
Read the Research Byte based on this report. Please refer to Avasant’s Governance, Risk, and Compliance Services 2024 Market Insights™ for demand-side trends.