June 25th, 2020, NEWARK, CA
Fudo Security has been recognized as an innovation challenger in Kuppinger Cole’s Leadership Compass for Privileged Access Management
Fudo Security received the highest possible rating ‘strongly positive’ in deployment, showing that this is one of the solution’s strong suits, which is in line with the company’s one day deployment philosophy. It confirms that organizations value business continuity, and that the best way to ensure this is through the fastest deployment possible.
The company has established itself as a powerful niche vendor who caters specifically to SMBs, an area of the market that is often overlooked by competitors.
In several categories Fudo Security has proven itself to be a worthy new competitor to the existing list of multinational vendors.
It marks the second time in a row that Fudo Security has been recognized in KC’s report, dynamically shaping the PAM market alongside industry leaders.
KuppingerCole Analysts is a global, independent analyst organization headquartered in Europe and specialized in providing vendor-neutral advice, expertise, thought leadership, and practical relevance in Cybersecurity, Digital Identity & IAM (Identity and Access Management), Cloud Risk and Security, and Artificial Intelligence, as well as for all technologies fostering Digital Transformation.
KuppingerCole predicts the PAM market will grow from approximately 2.2 billion USD to 5.4 billion USD in 2025 at a compound growth rate of 20% per year. The main drivers of the growth include digital transformation, GDPR & compliance, cybercrime, DevOps, and cloud & distributed computing.
The Leadership Compass provides a detailed analysis of the PAM market and its key players to help information security leaders find the right vendors and products that best fit their cybersecurity needs. For its 2020 report, KuppingerCole evaluated 25 vendors across three Leadership categories: Product Leadership, Innovation Leadership and Market Leadership
“We are thrilled to once again be recognized for our continued excellence and this highlights our momentum as we continue to move into new global markets”
– said Patryk Brozek, CEO of Fudo Security.
Fudo Security is a leading provider of privileged access management (PAM) solutions with a global partner network covering 30 countries. The company’s customers include financial institutions, energy companies as well as the public sector. The company has three international offices located in Germany, the US and Poland.