As organizations face increasing challenges in securing their software development environments, OX Security has emerged as a leader in Application Security Posture Management (ASPM), according to the recently published Frost Radar™: Application Security Posture Management, 2024. With our innovative approach to application and software supply chain security, the Active ASPM OX Platform has not only distinguished itself in the ASPM category but is also driving significant growth in AppSec.
The Growing Complexity of Application Security
Modern development environments are more complex than ever. With the proliferation of cloud services, microservices, and third-party code, organizations struggle to gain a comprehensive view of their application security posture. As companies integrate more tools and processes, the volume of security vulnerabilities and alerts has surged, leading to fragmented security efforts and overwhelmed teams.
Traditional application security tools often operate in silos, creating a noisy environment that obscures critical risks. Organizations are struggling to gain end-to-end visibility and control over their security posture, which is where ASPM comes in. ASPM platforms help centralize security efforts, providing a holistic view of vulnerabilities and risks across the entire software development lifecycle (SDLC).
OX Security’s Innovation in ASPM
OX Security is positioned as a top player in the ASPM market, as noted by Frost & Sullivan in their extensive 73-page report. OX Active ASPM, which is offered with 10+ application scanning technologies included in the base platform, provides unparalleled visibility, control, and automation across applications, code, APIs, containers, and cloud environments. Recognized by Frost & Sullivan as a leader in both the Growth and Innovation Indexes, OX Security is revolutionizing how organizations manage application security.
One of our platform’s standout features is its AppSec Data Fabric, a proprietary technology that integrates all 10 native scanning capabilities and over 100 third-party security tools to offer continuous visibility from code to cloud. The data fabric approach enables AppSec and DevOps teams to trace vulnerabilities across the entire SDLC, ensuring comprehensive risk management.
In addition to aggregating, normalizing, and correlating data from myriad data sources, OX’s rich contextual analysis allows organizations to prioritize vulnerabilities more accurately and actionably. Uniquely, prioritization in the OX Platform incorporates factors such as exploitability, reachability, and business impact to ensure that the most critical vulnerabilities are prioritized and addressed first, reducing potential risk to business operations.
Industry-Leading Growth and Market Impact
In 2024, OX Security achieved remarkable growth, recording a 198.2% year-over-year (YOY) increase, making it one of the fastest-growing companies in the ASPM space. Our company now holds 5.2% of the global ASPM market share, positioning it as the fifth-largest vendor in the market. This growth has been driven by our company’s commitment to customer experience, expansion of local and international channel partners, and unyielding determination to improve how organizations build, manage, and deploy software.
According to the report’s author and analyst, Vivien Pua, OX excels in offering comprehensive coverage not only for code but also APIs, containers, and cloud, supporting rich contextual analysis, prioritization analysis considering vulnerability exploitability, reachability, and business impact, attack path analysis, and BOM overview. What’s more, the platform demonstrably streamlines the remediation process, which is evident via no-code workflows that automate response and remediation, helping AppSec and DevOps teams increase efficiency while reducing cyber risk.
The OX Security Difference: Comprehensive Coverage
Built from scratch to cover every aspect of application security, from source control to cloud environments, our platform’s comprehensive and one-of-a-kind Pipeline Bill of Materials (PBOM) offers visibility not only into Software BOMs (SBOMs) but also API and SaaS BOMs — something other ASPM vendors cannot claim. This holistic view allows customers to understand the reachability and exploitability of critical vulnerabilities, making it easier to visualize potential attack paths across applications, APIs, and cloud infrastructure.
The platform also supports rich attack path analysis, which allows security and development teams to identify potential vulnerabilities across the entire software development supply chain, starting at build, and continuing through production. OX’s attack path feature has become increasingly pertinent given the rise of third-party libraries and open-source tools and the inherent vulnerabilities contained within.
The Future of ASPM: AI and Machine Learning Integration
Looking ahead, Frost & Sullivan pronounces that OX Security is at the forefront of innovation, incorporating AI and machine learning (ML) to enhance the platform’s efficacy. The incorporation of these features enables even more fine-grained predictive analytics, automated remediation, and advanced correlation between security findings and business risk, further improving efficiency and strengthening organizations’ security postures.
Conclusion: OX Security’s Leadership in ASPM
OX Security’s leadership in ASPM is undeniable. With its AppSec Data Fabric, cutting-edge risk-based prioritization, and industry-leading features such as no-code workflows and comprehensive BOM analysis, OX Security is setting the standard for application security in today’s fast-evolving threat landscape.
As we continue to expand our presence in North America and EMEA, Frost & Sullivan acknowledge that OX is well-positioned to maintain its growth trajectory and further solidify its reputation as a leader in both innovation and customer success. As a company, we are grateful for the recognition by Frost & Sullivan and, specifically, Vivien Pua.
Download full report here.
