Optimize your decision-making process with KC Open Select!
Privileged Access Management is a topic already available as an interactive experience. Configure your individual requirements to find the right vendor for your business or follow the best practice recommendations.
1 Executive Summary
The 2024 Leadership Compass report on Privileged Access Management (PAM) provides a comprehensive analysis of the PAM market, evaluating the capabilities, strengths, and challenges of various vendors and their solutions. As organizations face increasing cyber threats and regulatory demands, the need for robust PAM solutions has grown significantly. This report offers insights into the state of the PAM market, key drivers, and the evolving landscape.
PAM is crucial for securing privileged access to critical resources, reducing the risk of breaches and insider threats. The market has seen rapid growth with the rise of cloud adoption, digital transformation, and the proliferation of identities across various platforms. Both established vendors and newer entrants are vying for market share, with some focusing on comprehensive identity security platforms and others offering specialized point privileged access solutions.
The report evaluates a wide range of vendors, categorizing them into leaders, challengers, and followers based on product strength, innovation, and market presence. Key leaders identified include ARCON, BeyondTrust, CyberArk, and Delinea, each offering robust solutions with extensive deployment options and advanced features.
While PAM solutions are critical, they come with challenges, including complexity and cost, particularly for small to medium-sized enterprises. The shortage of skilled cybersecurity professionals further exacerbates the difficulty of implementing and managing these solutions effectively.
The report serves as a valuable guide for organizations looking to select the right PAM solution to meet their specific needs, considering both current capabilities and future scalability.
For those buyers new to PAM or who wish to know more about the terminology and key capabilities please read the buying guides listed in the Related Research section.
For more detail on how we analyze and measure the PAM market, please consult the KuppingerCole Leadership Compass Methodology (link).
1.1 Key Findings
- The leading vendors in Privileged Access Management (PAM) include ARCON, BeyondTrust, CyberArk, Delinea, EmpowerID, OneIdentity, Saviynt, Senhasegura, and WALLIX.
- The PAM market continues to expand as it addresses identity-based security threats and the evolving nature of privileged access.
- The market is dividing into smaller vendors offering specialized PAM solutions and larger vendors that are incorporating PAM functionality into broader Identity Security platforms, which also include CIEM and ITDR capabilities.
- Ease of use and deployment are highly valued by PAM buyers, and while all vendors have improved their user experience, some long-established vendors still struggle with complex installation processes and training requirements.
- The most innovative vendors are focusing on Least Privilege and Just-In-Time (JIT) workflows for privileged access, applicable to all types of identities always.
- Smaller vendors are responding to the increasing demand for niche PAM solutions, focusing on critical but specific use cases such as IaaS and PaaS access, DevOps, and on-demand privilege escalation.
- Most vendors now offer solutions built on microservices architecture, which improves deployment times and enhances the modularity of their capabilities.
- A few vendors also provide the option for in-house customization of microservices, catering to organizations with the resources to create bespoke integrations and services.
