Magic Quadrant For Business Continuity Management Program Solutions Worldwide
Business Continuity Management (BCM) is the process of identifying potential threats to an organization and developing a plan to ensure that essential business functions can continue in the event of a disaster or other disruptive event. BCM solutions play a critical role in helping organizations manage risk and ensure business continuity.
The Magic Quadrant for Business Continuity Management Program Solutions Worldwide is a report published by Gartner, a leading research and advisory company. The report provides an overview of the BCM market and evaluates vendors based on their ability to execute and their completeness of vision.
What is the Magic Quadrant?
The Magic Quadrant is a graphical representation of a market's direction, maturity, and participants. It is designed to provide a visual framework for analyzing vendors and their position in a particular market. The quadrant is divided into four categories: Leaders, Challengers, Visionaries, and Niche Players.
The Leaders category includes vendors that are considered to have a strong ability to execute and a clear vision for the market. The Challengers category includes vendors that have a strong ability to execute but may lack a clear vision. The Visionaries category includes vendors that have a clear vision but may lack the ability to execute. The Niche Players category includes vendors that focus on a particular segment of the market and may not have the ability to execute or a clear vision.
The BCM Market
The BCM market is an important segment of the overall risk management market. According to Gartner, the BCM market is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. The market is being driven by a number of factors, including increased regulatory requirements, the growing importance of digital transformation, and the need for organizations to manage operational risk.
Leaders in the BCM Market
According to the 2021 Magic Quadrant for Business Continuity Management Program Solutions Worldwide, the following vendors were identified as Leaders in the market:
- IBM
- DLT Solutions
- Microsoft
- Wipro Limited
- DXC Technology
- Everbridge
- Fusion Risk Management
- HP (Micro Focus)
- RockDove Solutions
- ServiceNow
Challengers in the BCM Market
The following vendors were identified as Challengers in the 2021 Magic Quadrant:
- Genpact
- Deloitte
- BC in the Cloud
- Castellan Solutions
- Sungard Availability Services
Visionaries in the BCM Market
The following vendors were identified as Visionaries in the 2021 Magic Quadrant:
- Quantivate
- Riskonnect
- Assurance Software
- Strategic BCP
Niche Players in the BCM Market
The following vendors were identified as Niche Players in the 2021 Magic Quadrant:
- Galvanize
- LogicManager
- ATOS Origin
- OnSolve
- ReadiNow
- SAI Global
- Send Word Now
- Virtual Corporation
Conclusion
The Magic Quadrant for Business Continuity Management Program Solutions Worldwide provides a valuable resource for organizations that are looking for a BCM solution. By evaluating vendors based on their ability to execute and their completeness of vision, the report can help organizations make informed decisions about which vendor to choose. With the BCM market expected to grow in the coming years, the report is a timely and relevant resource for organizations looking to manage risk and ensure business continuity.
