Frost Radar™: Privileged Access Management, 2023
Published on: 05-May-2023 | SKU: IT04698-GL-MR_27628

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As organizations increasingly depend on digitized operations, their uptake of digital applications has reshaped business models across industries. This business model evolution coupled with the pandemic-induced shift to hybrid work modes have led to the proliferation of privileged identities among both human and non-human users.

These privileged access points conversely offer vulnerable entrances for hackers to abuse and are increasingly the target of cyberattacks. The volume of cyberbreaches due to privileged access credential abuse is on the rise. As a result, the expanded cyberattack surface among organizations creates a complex challenge in managing the large scale of privileged identities and access while ensuring the cybersecurity of their IT infrastructure.

Legacy session monitoring and account management solutions can no longer sufficiently help organizations navigate the complex, increasingly sophisticated threat landscape. As organizations seek an effective privileged access management (PAM) strategy, demand is shifting from a legacy PAM to a modern, automated, and comprehensive PAM solution.

In addition, changing business priorities and the boom of hybrid working culture have expedited the cloud migration process among organizations as they move their corporate services, assets, and applications to cloud environments. This has resulted in the increasing adoption of cloud-based PAM solutions to secure and manage identities and access to cloud environments.

In this Frost Radar™, Frost & Sullivan shortlisted and assessed the top 12 PAM vendors (from a pool of more than 25 global market players) that have annual revenue of at least $8 million in the global PAM market. These 12 international companies have an active business presence in at least 2 regions across North America, Europe, the Middle East and Africa, Latin America, and Asia-Pacific. This year’s Frost Radar™ players are ARCON, BeyondTrust, Broadcom, CyberArk, Delinea, Kron Technologies, ManageEngine, One Identity, OpenText, Saviynt, Senhasegura, and WALLIX.

The Strategic Imperative

The Strategic Imperative (continued)

The Strategic Imperative (continued)

The Growth Environment

The 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

BeyondTrust

Broadcom

CyberArk Software

Delinea

Kron Technologies

ManageEngine

One Identity

OpenText

Saviynt

Senhasegura

WALLIX

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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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.

Have questions about this research or need deeper insights?
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Impacting your company's future growth potential.

As organizations increasingly depend on digitized operations, their uptake of digital applications has reshaped business models across industries. This business model evolution coupled with the pandemic-induced shift to hybrid work modes have led to the proliferation of privileged identities among both human and non-human users. These privileged access points conversely offer vulnerable entrances for hackers to abuse and are increasingly the target of cyberattacks. The volume of cyberbreaches due to privileged access credential abuse is on the rise. As a result, the expanded cyberattack surface among organizations creates a complex challenge in managing the large scale of privileged identities and access while ensuring the cybersecurity of their IT infrastructure. Legacy session monitoring and account management solutions can no longer sufficiently help organizations navigate the complex, increasingly sophisticated threat landscape. As organizations seek an effective privileged access management (PAM) strategy, demand is shifting from a legacy PAM to a modern, automated, and comprehensive PAM solution. In addition, changing business priorities and the boom of hybrid working culture have expedited the cloud migration process among organizations as they move their corporate services, assets, and applications to cloud environments. This has resulted in the increasing adoption of cloud-based PAM solutions to secure and manage identities and access to cloud environments. In this Frost Radar™, Frost & Sullivan shortlisted and assessed the top 12 PAM vendors (from a pool of more than 25 global market players) that have annual revenue of at least $8 million in the global PAM market. These 12 international companies have an active business presence in at least 2 regions across North America, Europe, the Middle East and Africa, Latin America, and Asia-Pacific. This year’s Frost Radar™ players are ARCON, BeyondTrust, Broadcom, CyberArk, Delinea, Kron Technologies, ManageEngine, One Identity, OpenText, Saviynt, Senhasegura, and WALLIX.
More Information
Deliverable Type Frost Radar
Author Ying Ting Neoh
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 Privileged Access Management Solutions
Keyword 2 privileged access solution
Keyword 3 privileged access management as a service
Podcast No
WIP Number PE70-01-00-00-00

Frost Radar™: Privileged Access Management, 2023

Information TechnologyFrost Radar™: Privileged Access Management, 2023

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
05-May-2023
REGION
Global
Deliverable Type
Frost Radar
Research Code: PE70-01-00-00-00
SKU: IT04698-GL-MR_27628
AvailableYesPDF Download
$4,950.00
In stock
SKU
IT04698-GL-MR_27628