The Privileged Access Management (PAM) space is growing at a brisk pace. There is a rising demand for PAM solutions to address many critical enterprises’ use cases that include cloud access governance, DevOps use cases, shared accounts, and non-human identities interacting with RPAs.
In one of the “trend” reports by Forrester in 2021, the researchers have stated that the Worldwide Privileged Identity Management Market is set to grow to $2.6 Billion by 2025.
Some critical use cases that a PAM solution addresses
Let us pry into some enterprise use cases that are boosting the demand for PAM adoption globally.
- Over-privileged entitlements are the biggest IT security threat today. IT administrators keep on adding privileges to accomplish IT administrative and operational tasks in quick succession. The result is the uncontrolled expansion of standing privileges. Things worsen if privileged entitlements are not revoked on time. In large and distributed IT environments with multi-cloud platforms, there has been a sharp increase in such scenarios leading to the adoption of PAM solutions as it allows security and risk management pros to implement the principles of least privilege and just-in-time access.
- Regulatory compliance standards have become more stringent, especially in post-pandemic times, due to an increase in the number of data breach threats and the patterns of the threats. To stay compliant with the regulatory mandates, a PAM is a must-have solution. PAM helps address many security concerns around the authentication, authorization and audit of every privileged identity. In addition, insurance companies nowadays demand PAM deployments as a condition of insuring organizations from an IT security perspective.
- There has been a significant rise in the adoption of hybrid work environments. With uncountable users accessing critical systems from multiple locations both remotely and on-prem, there is a strong demand for a VPN-less approach from IT risk management teams. Moreover, managing, monitoring, and controlling the end-users both on-prem and remotely are additional challenges. Hence, there is a rising demand for the adoption of PAM that can not only manage and monitor the end-users but also build unified governance for beefing up access control security.
Increasing adoption of SaaS model
While on-prem deployment is still the dominant delivery model for PAM, quite large numbers of organizations are leveraging software as a service (SaaS) to protect privileged access.
Analysts, in the same report, have clearly stated that the ratio of on-prem PAM deployments and SaaS deployments in 2020 were 73% and 23% respectively. The forecast for 2025 says the ratio of on-prem PAM and SaaS deployments are going to be 58% and 42% respectively which is a sharp increase of nearly 50%.
Now the question is why SaaS adoption keep on growing? The scalability, flexibility, cost-effectiveness and simplicity of deployments are the reasons why SaaS is gaining popularity worldwide.
Let’s delve as deeper
Ease of deployment: SaaS is different from the traditional model because the application is already installed. What is required is just to provision the server in the cloud, and it is ready for use. It saves a lot of time on deployment, and configuration, and even reduces the number of challenges that get in the way of deployment.
Convenience of usage: SaaS offers easy-to-use and easy-to-follow mechanisms. Even the users have provisions to perform tests of the software functionality and experience demos of advanced features before buying. Moreover, it offers different versions for a convenient, relevant, and smooth migration.
Lower costs: SaaS is comparatively cost-effective because the software cost is low compared with the traditional model. It becomes acceptable for small and medium enterprises because they normally look for competitive costs of licensing. Moreover, maintenance costs are also low. The total cost of ownership is low (TCO).
Regular updates & enhanced security: For a SaaS model, it is easier to update software continuously because these are normally the provider’s responsibility. Customers can upgrade to the latest software versions easily and get the benefits of the new features whenever available. This way, the security of the client data is also maintained because SaaS models allow them to store and save critical data on cloud servers and access that data from multiple devices.
ARCON PAM SaaS model to ensure business agility and security
ARCON PAM SaaS is a comprehensive solution that is widely accepted by SMBs, large enterprises, and MSPs. This feature-rich enterprise grade platform supports both hybrid cloud and distributed datacenter environments. Here are some strong reasons why ARCON PAM SaaS can be your ideal solution to ensure a seamless PAM experience even as your organization scales its IT infrastructure.
- With ARCON PAM SaaS, organizations can manage both their end users and multiple data centers from a centralized console. Users, services, user groups and service groups can be segregated location-wise, and admins can have multiple session facilities visible on their dashboard with hassle-free switching from one session to the other anytime with zero downtime.
- It is a highly scalable and flexible solution that meets different customer models and requirements
- It enforces access permission on privileged identities in a most granular way and protects them in real-time with real-time monitoring and session management. It ensures that the users are accessing the systems and applications as per their roles and responsibilities with pre-defined policy enforcement which in turn enforces the least privilege principle.
- Just-in-Time (JIT) provisioning of ARCON PAM SaaS solution restricts user access for a limited pre-defined period based only on situational demand. Once the task is over, the privileged rights are revoked immediately and automatically. ARCON PAM SaaS supports all standard JIT use cases.
- It has 300+ connectors that provide seamless integrations with disparate applications and services, ensuring swift implementation.
- It helps to meet regulatory compliance standards as organizations can have all the sessions recorded systematically for IT audits.
SaaS models are becoming more popular in modern organizations because they help with data security, business agility, and long-term value addition. ARCON PAM SaaS is preferred by IT security professionals for its flexibility, scalability, security, and reliability.