Frost Radar : Application Security Posture Management, 2024

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