A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
19-Dec-2024
Global
Frost Radar
PFO3-01-00-00-00
AE_2024_1205
The surge in the amount of data being generated, collected, and analyzed daily is driven by digital transformation initiatives. With organizations also storing more data than ever, distributed storage across multiple locations, including on premises and in public and private clouds, provides the scalability and performance that centralized storage could not offer. A major issue with distributed storage, however, is data sprawl, which exposes organizations to security breaches, insider threats, unauthorized access, data leaks, and compliance violations. It has created attractive targets for attackers simply because distributed storage locations offer more potential entry points. Stolen data is lucrative: it often includes sensitive personal data, financial records, and intellectual property.
Data security posture management (DSPM) technology allows organizations to take a more proactive approach to securing massive volumes of data. At its core, DSPM provides visibility into where sensitive data resides, who has access to it and how it is being used, and whether it is adequately protected and in compliance with regulations. It helps organizations identify vulnerabilities, anomalous behavior, and excessive permissions, allowing them to enhance their security posture.
The DSPM market is still in its early stages of growth. More established cybersecurity players entered the market in 2024 either through in-house development or acquisitions of early-stage data security start-ups. Frost & Sullivan in this Frost Radar™ analysis evaluates 10 DSPM 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
Strategic Imperative
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Growth Environment
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Frost Radar™: Data Security Posture Management, 2024
Frost Radar™ Competitive Environment
Frost Radar™ Competitive Environment (continued)
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BigID
BigID (continued)
BigID (continued)
Concentric AI
Concentric AI (continued)
Concentric AI (continued)
Cyera
Cyera (continued)
Cyera (continued)
Normalyze, acquired by Proofpoint
Normalyze, acquired by Proofpoint (continued)
Normalyze, acquired by Proofpoint (continued)
Palo Alto Networks
Palo Alto Networks (continued)
Palo Alto Networks (continued)
Securiti
Securiti (continued)
Securiti (continued)
Sentra
Sentra (continued)
Sentra (continued)
Spirion
Spirion (continued)
Spirion (continued)
Theom
Theom (continued)
Theom (continued)
Varonis
Varonis (continued)
Varonis (continued)
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 | Daphne Dwiputriane |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | data security posture |
| Keyword 2 | data protection market |
| Keyword 3 | 2024 data security trends |
| Podcast | No |
| WIP Number | PFO3-01-00-00-00 |
Frost Radar™: Data Security Posture Management, 2024
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