This RadarView is designed to inform enterprises about risk and compliance 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 19 providers offering risk and compliance 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?
Select service providers are focusing on incorporating ESG factors into their governance, risk, and compliance (GRC) processes to align sustainability commitments with actions amid the evolving regional and global ESG mandates for businesses.
The Risk and Compliance Services 2023 RadarView highlights key supply-side trends in the risk and compliance space and Avasant’s viewpoint on them. It aids companies in identifying top service providers to assist them in adopting 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 risk and compliance.
Featured providers
This RadarView includes a detailed analysis of the following risk and compliance service providers: Accenture, AT&T Cybersecurity, Atos, Capgemini, CGI, Cognizant, DXC, HCLTech, IBM, Infosys, Kyndryl, LTIMindtree, Lumen Technologies, Mphasis, TCS, Tech Mahindra, Telefónica Tech, Wipro, and Zensar.
Methodology
Our evaluation of service providers is based on primary input from the providers, focused briefings, public disclosures, validation from their clients, 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 risk and compliance services
- Avasant recognizes 19 top-tier providers supporting enterprise adoption of risk and compliance services
- Provider comparison
Supply-side trends (Pages 9–13)
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- Service providers witnessed a maximum spike in revenue from manufacturing and healthcare and life sciences industries.
- The majority of deals are constructed based on time and material model.
- On average, 60% of the risk and compliance investments are focused on practice and asset development.
- Service providers are increasingly investing in incorporating ESG factors into their GRC services.
Service provider profiles (Pages 14–52)
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- Detailed profiles for Accenture, AT&T Cybersecurity, Atos, Capgemini, CGI, Cognizant, DXC, HCLTech, IBM, Infosys, Kyndryl, LTIMindtree, Lumen Technologies, Mphasis, TCS, Tech Mahindra, Telefónica Tech, Wipro, and Zensar.
Appendix (Pages 53–56)
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- RadarView assessment
- Research methodology and coverage
- Interpretation of classification
Key contacts (Page 57)
Read the Research Byte based on this report.
Please refer to Avasant’s Risk and Compliance Services 2023 Market Insights™ for demand-side trends.
