AuditBoard named a Representative Vendor in 2025 Gartner® Market Guide for Third-Party Risk Management Technology Solutions

Gartner® recently released its long-anticipated 2025 Market Guide for Third-Party Risk Management Technology Solutions. In addition to detailing the Gartner report’s TPRM market definition, relevant risk domains, and key market dynamics, this comprehensive resource provides updated coverage of 78 TPRM software providers — including AuditBoard’s Third-Party Risk Management solution.

Get your complimentary copy to accelerate your evaluation process and inform your own TPRM vendor selection criteria with guidance from Gartner® market experts. Get the report here.

How Gartner® defines the third-party risk management solution market

Navigating the complex and crowded TPRM market is no small undertaking. With dozens of vendors to choose from, establishing a shared understanding of TPRM software capabilities and key stakeholder requirements is a great place to start.

According to Gartner®, the “third-party risk management technology market offers solutions to identify, assess, manage, monitor, and report on third-party risks associated with vendors, suppliers, distributors, agents, partners, or other third parties. Solutions in this market can support a wide range of TPRM workflows across various risk domains. TPRM platforms in this market address the needs of a diverse range of customers and risk domains, including legal, compliance, procurement, supply chain, IT, cybersecurity, and other teams that work with or provide routine oversight of third parties.”

While TPRM platform capabilities vary widely by vendor, AuditBoard and other providers included in the Gartner® Market Guide for Third-Party Risk Management Solutions support the following mandatory features:

1. Identifying third-party risk
2. Analyzing risk
3. Managing and escalating risk
4. Continuous monitoring
5. Third- and fourth-party risk mapping and metrics

Vendor differentiation in third-party risk management

Once you’ve established your own set of mandatory TPRM software capabilities, it’s time to refine your vendor shortlist. Vendors in this market often differentiate by volume of supported risk domains, sources of risk intelligence, and application of emerging technology like AI.

The 2025 Gartner® Market Guide for Third-Party Risk Management Solutions report notes that “vendors are incorporating machine learning and AI to support automated assessment and analysis, and refine future recommendations and impact analysis with appropriate disclosures and human review. Gartner® believes this approach will be a competitive differentiator, as TPRM is both data and labor-intensive.”

AuditBoard’s Third-Party Risk Management solution delivers differentiated value through best-in-class user experiences for all stakeholders and enterprise-grade interoperability. Powered by GRC-trained AuditBoard AI, it drives risk owner accountability and intelligent automation like no other TPRM solution on the market. AI-enabled capabilities available today include:

• Vendor questionnaire automation: Generate questionnaire responses using existing documentation (e.g., SOC2) and prior-year responses. This includes the ability to highlight how vendor responses change from year to year to trigger further analysis where warranted.
• Intelligent mappings and recommendations: Easily identify and action insights across your environment with recommended mappings between risks, controls, assets, issues, and more.
• Generative content: Instantly generate risk, control, and issue descriptions as well as test procedures, work steps, and descriptions based on contextual data inside your AuditBoard instance, then shorten, lengthen, and refine drafts for clarity before acceptance into your system of record.

Accelerate your TPRM vendor evaluation process

Jump-start your TPRM vendor evaluation process with a complimentary copy of the 2025 Gartner® Market Guide for Third-Party Risk Management Technology Solutions or request a demo to see for yourself what sets AuditBoard apart. With detailed vendor comparisons and evaluation best practices from Gartner® market experts, you’ll have everything you need to navigate the complex TPRM solutions market with confidence.

Gartner disclaimer:

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.