In today’s business environment, privileged access can include human and non-human users beyond the IT team. The proliferation of privileged accounts and their privileged access points are vulnerable entry points for hackers. The rising adoption of cloud-based infrastructure and services expands the attack surface further and introduces significant new challenges for organizations in preventing the misuse of and managing permissions for privileged accounts. Privileged access from remote endpoints is no longer as secure as it used to be because of the rapid growth of cyberattacks, including privileged escalation, insider threats, and artificial intelligence (AI)-driven attacks.
As a result, there has been a notable increase in demands from cyber insurers in addition to growing enforcement of cybersecurity regulations and cyber insurance requirements requiring stringent controls over access to sensitive data and systems. CISOs and security teams are challenged to secure privileged access and mitigate against unauthorized access and credential theft, which creates increased requirements for privileged access management (PAM). PAM solutions detect and manage security risks linked to the abuse of shared credentials, elevated privileges by unauthorized users, and misuse of privileges on third-party systems.
Given the rise of cloud migration, the use of large language models, and AI-driven attacks, the decentralized nature of security and IT tools that lack orchestration, and the growing prominence of attacker exploits via identities, organizations seek more advanced PAM capabilities beyond the traditional standard features such as credential vaulting, password rotation, or activity monitoring. A more modern, automated, and holistic PAM will need to converge with other security technologies, embedding zero-trust architecture and AI/machine learning, while providing orchestration and correlation to address these security challenges.
In a ?eld of more than 25 global PAM industry participants, Frost & Sullivan analyzed the top 13 companies exemplifying visionary innovation efforts in the past year. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.
Strategic Imperative
Strategic Imperative (continued)
Growth Environment
Growth Environment (continued)
Frost Radar™: Privileged Access Management
Frost Radar™ Competitive Environment
Frost Radar™ Competitive Environment (continued)
Frost Radar™ Competitive Environment (continued)
Frost Radar™ Competitive Environment (continued)
ARCON
ARCON (continued)
ARCON (continued)
BeyondTrust
BeyondTrust (continued)
BeyondTrust (continued)
BeyondTrust (continued)
Broadcom
Broadcom (continued)
Broadcom (continued)
CyberArk
CyberArk (continued)
CyberArk (continued)
CyberArk (continued)
Delinea
Delinea (continued)
Delinea (continued)
Delinea (continued)
Delinea (continued)
ManageEngine
ManageEngine (continued)
ManageEngine (continued)
ManageEngine (continued)
NRI Secure
NRI Secure (continued)
NRI Secure (continued)
One Identity
One Identity (continued)
One Identity (continued)
One Identity (continued)
One Identity (continued)
OpenText
OpenText (continued)
OpenText (continued)
QI-ANXIN
QI-ANXIN (continued)
QI-ANXIN (continued)
Saviynt
Saviynt (continued)
Saviynt (continued)
Saviynt (continued)
Senhasegura
Senhasegura (continued)
Senhasegura (continued)
WALLIX
WALLIX (continued)
WALLIX (continued)
Best Practices
Growth Opportunities
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Significance of Being on the Frost Radar™
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
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Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Ying Ting Neoh |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Privileged Access Management |
| Keyword 2 | Security Solutions Market |
| Keyword 3 | PAM Market Growth |
| Podcast | No |
| WIP Number | PFN4-01-00-00-00 |
Frost Radar™: Privileged Access Management, 2024
A Benchmarking System to Spark Companies to Action Innovation that Fuels New Deal Flow and Growth Pipelines
27-Aug-2024
Global
Frost Radar