Market for Privileged Access Management Solutions to Grow to $5.4 Bn by 2025, KuppingerCole Predicts
KuppingerCole Analysts AG estimates that the number of major vendors for Privileged Access Management (PAM) solutions is around 40 with a combined annual revenue of around $2.2bn. In its most recent Leadership Compass on PAM for DevOps the analyst firm predicts that market will grow to $5.4bn by 2025. That growth is expected to be driven by changes in business computing practices and compliance demands from governments and trading bodies, as well as increased levels of cybercrime.
There is pressure on DevOps teams to deliver rapid results. This comes from senior management who wish to see improvements in competitiveness through IT, and IT team leaders looking for gains in software productivity and efficiency. “The challenge is finding a PAM solution that can work at the pressure and speed that DevOps already work to and keep all secrets secure,” says Paul Fisher, Senior Analyst and author of the report. “It must not get in the way – it must be secure and accountable through integrated tools or via third-party integrations,” he adds. Several PAM vendors offer DevOps capabilities as an add-on to existing suites, while others offer specific authentication toolsets and vaults.
The report assesses those PAM vendors that are addressing the needs of DevOps and agile environments. Also, it covers an extensive list of required capabilities that are essential if PAM is to meet the demands of DevOps and other agile development environments.
The report compares Access Management solutions from the following ten vendors: BeyondTrust, Centrify, CyberArk, EmpowerID, HashiCorp, SSH Communications Security, STEALTHbits Technologies, Symantec, and Thycotic. With Remediant SecureONE, Saviynt, and Venafi, the report also lists vendors with promising product offers in the category “Vendors to Watch”.
Read the full report here.
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