Zscaler Positioned as Only Leader in SaaS Security Posture Management Research Report
- Zscaler named exclusive leader in Forrester Wave™ for SaaS Security Posture Management for Q4 2023
- Received highest scores across 12 criteria including Data Protection, Scale, and Shadow-IT detection
- SSPM solution combines Zero Trust Platform™ with a robust SaaS application catalog and effective shadow IT detection
- Boris Gorin reaffirms dedication to delivering innovative and effective SaaS security solutions
- None.
Insights
The recognition of Zscaler as the exclusive leader in the Forrester Wave™ for SaaS Security Posture Management (SSPM) is a testament to the company's robust security capabilities, particularly in the areas of Data Protection, Scale and Shadow IT detection. This acknowledgment suggests that Zscaler's approach to cloud security, which leverages its Zero Trust Platform™, is well-aligned with market needs for securing SaaS applications.
From a cybersecurity perspective, the high-performance data security and effective management of Shadow IT are critical for enterprises as they mitigate risks associated with unauthorized app usage and potential data breaches. Zscaler's comprehensive SaaS application catalog and the ability to augment network access controls demonstrate a strong commitment to innovation in the cybersecurity space, potentially reducing the attack surface for its clients.
Enterprises may consider consolidating their security solutions under Zscaler's umbrella, which could streamline operations and potentially reduce costs associated with managing multiple security vendors. However, it is important to consider the implications of vendor lock-in and ensure that due diligence is conducted to assess compatibility with existing security infrastructures.
The Forrester Wave™ recognition positions Zscaler favorably in the competitive landscape of the SSPM market. It could enhance the company's market presence and may influence purchasing decisions of potential clients looking for a comprehensive security solution. For investors, such accolades can signal strong product performance and innovation, potentially impacting Zscaler's stock valuation positively.
However, it is important to analyze how this recognition translates into actual market share and revenue growth. Investors should monitor customer acquisition rates post-announcement and the company's ability to capitalize on this leadership position. Additionally, the response from competitors and the overall growth trajectory of the SSPM market are factors that could influence Zscaler's future performance.
While Forrester's endorsement is significant, it is crucial to observe how Zscaler sustains its leadership through continuous innovation and customer satisfaction. The long-term value for stakeholders will depend on the company's ability to maintain its competitive edge in a rapidly evolving cybersecurity landscape.
Being named the exclusive leader in the Forrester Wave™ for SSPM could have favorable implications for Zscaler's financial outlook. The company's high scores across multiple criteria reflect operational excellence and could result in increased investor confidence. This recognition may lead to a surge in demand for Zscaler's services, potentially driving up sales and improving the company's financial metrics.
Investors should assess the potential impact of this announcement on Zscaler's revenue streams, particularly as businesses increasingly adopt SaaS solutions and prioritize cybersecurity. The ability of Zscaler to secure new contracts and expand its customer base will be pivotal in translating this industry recognition into tangible financial gains.
It is also essential to evaluate the sustainability of this growth in the context of Zscaler's investment in research and development and sales and marketing efforts. An increase in operational expenses to support growth could affect profitability and thus, the overall financial health of the company should be monitored closely.
Zscaler recognized for providing a rich SaaS application catalog and powerful shadow IT detection
SAN JOSE, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Today, Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, announced that it was named the exclusive leader in the Forrester Wave™ for SaaS Security Posture Management for Q4 2023. In addition to being the only leader, Zscaler received the highest scores possible across 12 criteria including Data Protection, Scale, and Shadow-IT detection.
The Forrester Wave™ is a rigorous evaluation of providers in the SSPM market, considering categories such as current offering, strategy and market presence, as well as criteria such as roadmap, community, and innovation. Zscaler believes its scores in these categories and criteria underlines its commitment to delivering cutting-edge solutions that address the evolving challenges of securing SaaS applications. Zscaler’s SSPM solution combines its Zero Trust Platform™ with a robust SaaS application catalog, effective shadow IT detection, and scalable, high-performance data security.
Forrester noted that Zscaler's SSPM is “a great fit for enterprises looking to use a single vendor to augment network access controls to SaaS apps with SaaS Posture Management.”
“We’re thrilled to be recognized as the sole leader in the Forrester Wave™ for SaaS Security Posture Management,” said Boris Gorin, Vice President of Product Management, Zscaler. “This acknowledgment for us reaffirms our dedication to delivering innovative and effective SaaS security solutions. We owe this success to our vibrant user community, strong partner network, and the hard work of our talented team. Zscaler will continue to push the boundaries for SSPM security, setting new SaaS security standards for the industry.”
For more information, please download the report here.
About Zscaler
Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SSE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.
Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.
Media Contact:
Natalia Wodecki
press@zscaler.com
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