The 2025 edition of Gartner's Market Guide for Third-Party Risk Management Technology Solutions lands at a time when risk, resilience, and regulation are a top priority for organizations. The guide offers a comprehensive look at the evolving landscape of TPRM—and RiskRecon is proud to be featured among the representative vendors shaping the future of this critical domain.
5 Key Takeaways
1. One size doesn't fit all
Gartner finds that most enterprises use multiple TPRM solutions to address different risk domains. This includes cybersecurity, privacy, ESG, and more. This is because most platforms specialize in certain risk dimensions to support the specific needs of legal, procurement, IT, or cybersecurity teams.
RiskRecon’s Advantage: RiskRecon addresses this complexity by providing visibility across multiple risk domains - beyond cyber risk with the recent launch of privacy risks domain. In addition, as part of Mastercard Cybersecurity, organizations can seamlessly integrate with our other solutions for a wider breadth of risk dimensions. This includes Systemtic Risk Assessment which helps businesses improve their operational resilience by proactively identifying and monitoring risks across Catastrophic, Cyber, Environmental Social Governance (ESG), Geopolitical, Financial and Sanctions/Restrictions risks.
2. Cross-functional risk management is essential
TPRM is no longer just a procurement or IT issue—it’s a board-level concern. Gartner emphasizes the need for platforms that support collaboration across departments and provide a unified view of risk.
RiskRecon’s Advantage: With a modern, intuitive interface and robust reporting capabilities, RiskRecon enables stakeholders across your organization to access and act on risk intelligence. Our customizable action plans and reports are designed to support various needs from technical deep dives to high-level reporting for executives. Whether you need more insights or a high-level overview, RiskRecon helps you achieve cross-functional risk management.
3. Accuracy is a key differentiator
Accuracy is foundational to TPRM programs. With TPRM programs relying on data to drive decisions, Gartner highlights that accuracy and reliability are non-negotiable.
RiskRecon’s Advantage: RiskRecon delivers independently certified 99.1% accuracy, giving organizations the confidence to act on the insights they receive. RiskRecon's scanning technology is built in-house, not outsourced, allowing a higher degree of control over data quality and result output. Accuracy and precision make the difference - and that's where RiskRecon stands apart.
4. Continuous monitoring is a must-have
Organizations can no longer afford one-and-done assesments. Static assessments that monitor cyber risks at one point in time are no longer sufficient against today's threats. Gartner stresses the importance of real-time monitoring, alerts, and risk mapping to stay ahead of emerging threats.
RiskRecon’s Advantage: RiskRecon provides continuous visibility into your third-party ecosystem, with real-time insights that keep you informed and in control at all times.
5. Nth-party risk is rising
Third-party risk is only the beginning. In today's hyper-connected digital ecosystems, vendors rely on their own vendors and so on. These are your Nth parties, and they create hidden pathways for cyber risks to enter your organization. You may not have direct contracts with these entities, but you're still indirectly exposed to their weaknesses and risks. Gartner predicts tools that map deeper into the vendor supply chain will gain traction and the importance of mapping of Nth-party relationships is growing.
RiskRecon’s Advantage: RiskRecon is already a step ahead. Our platform offers rich visualizations and mapping to uncover hidden dependencies and surface fourth-party threats. This deeper-level analysis helps security and risk leaders go beyond individual vendor risk to assess ecosystem-level risks and build a more resilient risk management strategy.
Final Thoughts
The 2025 Market Guide makes it clear: third-party risk is a strategic priority, and the right technology partner can make all the difference. RiskRecon is proud to be recognized by Gartner and even prouder to support our customers in navigating this complex landscape with clarity and confidence.
\Want to dive deeper into the report? Access the full Gartner Market Guide here or connect with us to explore how RiskRecon can help you elevate your TPRM strategy.
