Traditional PAM solutions have failed to keep up
LOS ANGELES – Saviynt, a leading provider of intelligent identity and access governance solutions, announced that it has been named an Overall, Innovation, and Market Leader in the KuppingerCole “Leadership Compass: Privileged Access Management,” report receiving “positive” and “strong positive” ratings across the Product Capabilities and Comparative Vendor Overviews for its unique approach to managing privileged access in enterprise IT environments.
Privileged Access Management (PAM) is an essential security component of any modern organization’s cloud strategy. Today, the PAM market finds itself in a period of aggressive growth and innovation; according to KuppingerCole, by 2023, the global PAM market is projected to grow to $1.79 billion. Saviynt’s Cloud Privileged Access Management product adoption continues to accelerate with PAM customer count and ARR having increased approximately 5x during the last year.
“Traditional PAM solutions have failed to keep pace with evolving IT security threats as enterprises embrace more cloud apps and services,” said Vibhuti Sinha, chief product officer at Saviynt. “We’ve built our cloud PAM solution to help customers accelerate secure digital transformation and Zero Trust initiatives through a modern approach to privileged access and identity governance. We are honored to be recognized by KuppingerCole as an overall leader for this year’s Leadership Compass report on Privileged Access Management, and believe it further validates Saviynt’s converged strategy for securing and managing any identity, IaaS platform and application.”
Saviynt’s cloud-architectured PAM solution secures privileged access and protects critical assets across hybrid, multi-cloud, and on-premise deployments. With no on-prem components to set up or manage, customers can rapidly deploy the solution and expand capabilities as their requirements change – accelerating adoption and lowering costs. Its feature set also provides a rapid path to Zero Trust through Just-in-Time access and Zero Standing Privileges for any identity or application. The solution goes beyond legacy PAM solutions and protects privileges across the entire organization, including human and machine identities, applications, DevOps, and cloud infrastructure.
“Today’s IT environments require a vigilant approach to protect privileged accounts and reduce cybercriminal entry points into an unsuspecting organization,” said Paul Fisher, Senior Analyst at KuppingerCole. “Saviynt’s innovative cloud PAM solution takes PAMaaS to a whole new level and is ready for the Infrastructure as Code (IaC) future. It addresses modern cybersecurity challenges by protecting critical assets across cloud infrastructure and applications, accelerating digital transformation and cloud initiatives.”
To read the 2021 KuppingerCole Leadership Compass Report on Privileged Access Management, please click here.
To learn more about Saviynt, please visit www.saviynt.com