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™
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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.
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| 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
A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines
05-May-2023
Global
Frost Radar
