There are both enterprise and point PAM solutions available to organizations. With that said, as many organizations transition to a cloud-first and federated model, an enterprise solution may be the wiser choice.
While CyberArk, CA PAM, Centrify, etc. are expensive solutions, an organization may see a better return on investment (ROI) in the long run than an organization deploying multiple pointed (e.g., MSFT LAPS) solutions.
So, deploy PAM in a phased manner for AD, EUC, ERP / EHR, cloud, social media, etc. to make the cost palatable for the enterprise.
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