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Frost Radar™: Application Security Posture Management, 2024
A Benchmarking System to Spark Companies to Action Innovation that Fuels New Deal Flow and Growth Pipelines
26-Sep-2024
Global
Frost Radar
PFL3-01-00-00-00
AE_2024_1032
$4,950.00
Special Price $4,207.50 save 15 %
Organizations face challenges managing security risks in the ever-more complex software development environment. The increasing complexity of modern software development and the overload of noise due to application security tool sprawl necessitate the role of application security posture management (ASPM) in application security programs. An emphasis on development, security, and operations (DevSecOps) and a shift-left security approach are also driving ASPM adoption to meet organizations’ increasing security requirements. With applications still the primary targets of attack, organizations’ heightened concern about cyberthreats also drives ASPM adoption, as it allows chief information security officers (CISOs) to align their application security strategy with business objectives. This shift in security strategy to focus on better managing business risk will require ASPM solutions to identify, correlate, prioritize, and remediate security vulnerabilities in applications across the software development life cycle (SDLC).
ASPM empowers organizations to better manage the security posture of their applications by continuously managing application risks through data aggregation, correlation, and contextualization; risk-based prioritization considering vulnerability exploitability, reachability, and business context; unified policy enforcement; automated scanning, triaging, remediation, and response workflows; and streamlined compliance monitoring and reporting. Comprehensive visibility into the entire SDLC generates rich security findings and contextual analysis that help with risk-based prioritization and resolution of vulnerabilities.
The ASPM market is still in its nascent stage. As it continues developing, the vendor list is expanding, with numerous new competitors entering and introducing various approaches. With organizations giving more attention to managing application risks and strengthening their application security posture, the global ASPM market continues expanding, with more than 30 vendors offering ASPM solutions, including established cybersecurity vendors with experience in application security, cloud security, and vulnerability management; and SaaS-based start-ups focusing on different areas to address challenges in managing application security posture. Of those vendors, Frost & Sullivan evaluated the top 12 ASPM companies that excel in growth and/or innovation.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to generate their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.
Analyst: Vivien Pua
Strategic Imperative
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Growth Environment
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Frost Radar™: Application Security Posture Management, 2024
Frost Radar™ Competitive Environment
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Apiiro
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Apiiro (continued)
AppSOC
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Arnica
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Arnica (continued)
Checkmarx
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Conviso
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CrowdStrike
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Dazz
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Legit Security
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Nucleus Security
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OX Security
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Snyk
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Tromzo
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Best Practices
Growth Opportunities
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Next Steps
Legal Disclaimer
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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| Deliverable Type | Frost Radar |
|---|---|
| Author | Vivien Pua |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Application Security Posture Management |
| Keyword 2 | ASPM Market Growth |
| Keyword 3 | Security Innovation Market |
| Podcast | No |
| WIP Number | PFL3-01-00-00-00 |