Frost Radar on Privileged Access Management 2024

This technical report presents the Frost Radar analysis of the Privileged Access Management (PAM) market for 2024. It outlines the strategic imperative and growth environment surrounding PAM, emphasizing the increasing complexity of managing privileged identities due to the rise of digitized operations and hybrid work models. The report details the limitations of legacy PAM solutions in cloud environments and highlights the growing demand for automated and consolidated PAM approaches that incorporate advanced technologies such as AI and machine learning. It also documents the significant revenue growth in the PAM industry, with a projected CAGR of 21.6% from 2023 to 2028. The competitive environment section assesses the top PAM vendors based on market presence and revenue, identifying leaders in growth and innovation. The report concludes with insights into the evolving PAM landscape, driven by the need for enhanced security measures against cyber threats and regulatory compliance requirements.