- The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Privileged Access Management (PAM) vendors
06 October 2022: Quadrant Knowledge Solutions announced today that it has published SPARK Matrix analysis of the global Privileged Access Management (PAM) market.
The Quadrant Knowledge Solutions SPARK Matrix™: PAM includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading PAM vendors in the form of its SPARK MatrixTM. The study provides strategic information for users to evaluate different vendor capabilities, competitive differentiatiors and market position.
According to Hardik Jain, Analyst at Quadrant Knowledge Solutions, “Privileged Access Management (PAM) solution helping organizations to minimize security risks by protecting, controlling, managing, automating, and monitoring privileged access and accounts like Local administrative accounts, domain administrative accounts, break glass accounts, and such others to avoid security breaches. Driven by the growing market opportunity and due to the continuous evolution and increasing sophistication of cyber attacks, PAM solution vendors are offering comprehensive features such as live session monitoring and recording, comprehensive reporting, real time notifications, multifactor authentication, role-based access controls, privileged session management, privileged password management, auditing and reporting, password vaulting and privileged account lifecycle management. Additionally, vendors are focusing on leveraging zero-trust governance systems to provide real-time security and accountability, extending its capabilities in RPA, DevOps, user analytics, and user behavior analytics, granular access control, holistic automation for privileged tasks, AI & ML-driven user anomaly detection, PAM as a hybrid model where both on-premise and SaaS will coexist and communicate with each other, cloud identity entitlement management and in many other dimensions.” Hardik adds.
PAM solution enables organization to improve protection and govern security risks, track the movement of data and workloads, protect data sharing between public and private cloud, and manage privileged access across traditional, virtual, and cloud environments. Organizations started adopting cloud-native PAM solution to mitigate and prevent from the advanced attacks. Privileged access management is becoming crucial for an organization’s holistic identity governance strategy to prevent from any kind of cyberthreat and data breaches and to achieve compliance and regulatory requirements. Additionally, they help to identify and monitor outsider and insider activities to remediate cyber-attacks and prevent data breach with the help of threat analytics.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes an analysis of vendors, including Arcon, Beyond Trust, Broadcom, CyberArk, Delinea, Ekran Systems, Fudo Security, Hitachi Id, Imprivata, Manage Engine, Micro Focus, One Identity, Osirium, Senhasegura and Wallix.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as a strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
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