Frost Radar™: SaaS Security Posture Management, 2024

The increasing utilization of Software-as-a-Service (SaaS) applications offers organizations unparalleled visibility, scalability, and efficiency, helping them drive outcomes and achieve business goals. However, this has created a SaaS landscape that is so vast that organizations can no longer manually manage and monitor the SaaS applications in their business operations effectively. This issue becomes exponentially worse when business owners and department leaders continue to adopt SaaS applications without the knowledge of their security teams, creating a shadow SaaS ecosystem that is not protected by the organization. This has resulted in a growing need for a security solution that can help organizations have a centralized overview of their entire SaaS applications SaaS Security Posture Management (SSPM) solutions have been designed to provide visibility into the SaaS ecosystem, thus helping organizations address SaaS-specific risks. The solution automatically discovers sanctioned and unsanctioned SaaS applications used by employees, the SaaS applications connected to other SaaS applications, the identities that are accessing these applications, and how the data inside the applications moves or is accessed. The solution ensures that SaaS applications comply with regulatory standards and allows organizations to enforce consistent security policies and controls across their SaaS ecosystem. The SSPM market is still in its nascent stage. As it develops, the vendor list expands, with numerous competitors entering the space. SaaS applications are becoming increasingly important to many organizations and market participants will need to innovate to differentiate themselves. Of those vendors, Frost & Sullivan evaluated the top 11 SSPM 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. Author: Daphne Dwiputriane