The increasing utilization of Software-as-a-Service (SaaS) applications offers organizations unparalleled visibility, scalability, and efficiency, helping them drive outcomes and achieve business goals. However, this has created a SaaS landscape that is so vast that organizations can no longer manually manage and monitor the SaaS applications in their business operations effectively. This issue becomes exponentially worse when business owners and department leaders continue to adopt SaaS applications without the knowledge of their security teams, creating a shadow SaaS ecosystem that is not protected by the organization. This has resulted in a growing need for a security solution that can help organizations have a centralized overview of their entire SaaS applications
SaaS Security Posture Management (SSPM) solutions have been designed to provide visibility into the SaaS ecosystem, thus helping organizations address SaaS-specific risks. The solution automatically discovers sanctioned and unsanctioned SaaS applications used by employees, the SaaS applications connected to other SaaS applications, the identities that are accessing these applications, and how the data inside the applications moves or is accessed. The solution ensures that SaaS applications comply with regulatory standards and allows organizations to enforce consistent security policies and controls across their SaaS ecosystem.
The SSPM market is still in its nascent stage. As it develops, the vendor list expands, with numerous competitors entering the space. SaaS applications are becoming increasingly important to many organizations and market participants will need to innovate to differentiate themselves. Of those vendors, Frost & Sullivan evaluated the top 11 SSPM companies that excel in growth and/or innovation.
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 generate 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.
Author: Daphne Dwiputriane
Strategic Imperative
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Growth Environment
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Frost Radar™: SaaS Security Posture Management
Frost Radar™ Competitive Environment
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Adaptive Shield (CrowdStrike)
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AppOmni
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Check Point
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CheckRed Security
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DoControl
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Grip Security
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SecureSky
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Spin.AI
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Suridata
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Valence Security
Valence Security (continued)
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Varonis
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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 | Daphne Dwiputriane |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | SaaS security management |
| Keyword 2 | cybersecurity SaaS solutions |
| Keyword 3 | security posture management |
| Podcast | No |
| WIP Number | PFQO-01-00-00-00 |
Frost Radar™: SaaS Security Posture Management, 2024
A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
09-Dec-2024
Global
Frost Radar
