LOS ANGELES--(BUSINESS WIRE)--Saviynt, a leading provider of intelligent identity and access governance solutions, today 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.”
KuppingerCole’s Report Methodology
The 2021 KuppingerCole Leadership Compass: Privileged Access Management report offers in-depth ratings and reviews of the industry’s top PAM vendors. KuppingerCole’s Leadership Compass distinction is based on PAM vendors' ability to meet a range of criteria and capabilities that help organizations reduce the risks associated with privileged access, through individual or shared accounts across on-premises and cloud infrastructures. The criteria measured include password management, session management, endpoint privilege management as well as additional capabilities such as privileged account data lifecycle management, application to application password management, controlled privilege elevation and delegation management, remote privileged access, just in time, single sign-on, privileged user behavior analytics, and account discovery.
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.
Saviynt’s Enterprise Identity Cloud helps modern enterprises scale cloud initiatives and solve the toughest security and compliance challenges in record time. The company brings together identity governance (IGA), granular application access, cloud security, and privileged access to secure the entire business ecosystem and provide a frictionless user experience. The world’s largest brands trust Saviynt to accelerate digital transformation, empower distributed workforces, and meet continuous compliance, including BP, Western Digital, Mass Mutual, and Koch Industries. For more information, please visit saviynt.com.