As global financial markets quake, cross-industry businesses are ramping up spending on risk management.
Indeed, a new report from
Michael Versace, global risk research director at IDC, says the goal of this research is to define and measure the risk technology market in a user-oriented, holistic manner. "Although our macro-economic assumptions continue to point to downward pressure on overall IT spending in financial services, in our estimation, the risk technology market is large and still growing at a good clip."
IDC identifies several key drivers that are fueling the growth, including regulatory uncertainty and compliance demands, mandates to improve overall corporate governance and financial performance across the financial enterprise, and the need to modernize and protect critical risk management infrastructures. These findings reconcile