Global Role Based Access Control Market Size 2024, Forecast To 2033
6 Mar, 2024
The role-based access control market has experienced rapid growth, escalating from $9.63 billion in 2023 to $10.83 billion in 2024, demonstrating a substantial compound annual growth rate (CAGR) of 12.5%. The growth in the historic period is linked to regulatory compliance requirements, the rise in cybersecurity threats, concerns about data privacy, industry-specific security standards, and the increased complexity of IT environments. Looking forward, the market is expected to sustain its rapid growth, reaching $17.43 billion in 2028, with a similar CAGR of 12.6%. The forecast period will be characterized by cloud computing adoption, IoT proliferation, global remote work trends, a focus on zero-trust security models, and integration with identity management solutions. Notable trends include enhanced user experience, the emergence of blockchain in RBAC, collaboration with threat intelligence, mobile RBAC solutions, and customization for industry-specific needs.
Global Role based Access Control Market Key Driver
The surge in demand for remote work is anticipated to propel the growth of the role-based access control market. Remote work, where individuals perform their duties from home using approved tools, resources, and policies, has seen a notable increase in demand. Role-based access control becomes crucial in providing enhanced security, improved compliance, and increased productivity for remote workers. A survey by Upwork revealed that in 2021, 28% of recruiting managers in the United States, representing 40.7 million professionals, anticipated a shift to remote work in the next five years, up from 22.9% in 2020. This heightened demand for remote work is a significant driver behind the growth of the role-based access control market, with market sizes reflecting values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Role based Access Control Market ReportGlobal Role based Access Control Market Segments
The role-based access control market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Model Type: Core RBAC, Hierarchical RBAC, Constrained RBAC
3) By Enterprise Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4) By Application: Banking, Financial Services and Insurance (BFSI), Information Technology(IT) And Communications, Healthcare, Government And Defense, Retail And Ecommerce, Education, Other Applications
By Geography:The regions covered in the role-based access control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the global role-based access control market size in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the role-based access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Role based Access Control Industry Players
Amazon Web Services Inc., BeyondTrust Corporation, ForgeRock Inc., International Business Machines Corporation, JumpCloud Inc., Microsoft, Okta Inc., Oracle Corporation, Ping Identity Corporation, SolarWinds Worldwide LLC, CyberArk Software Ltd., Broadcom Inc., Varonis Systems, SailPoint Technologies Inc., SecureAuth, Avatier Corporation, Evidian S.A., Omada, RSA Security LLC, Beta Systems Software AG, Identity Automation, PlainID, Saviynt Inc., One Identity LLC, Cloudentity, AlertEnterprise Inc., Axiomatics AB, Biocatch, Radiant Logic, Cyberinc Corporation
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Role based Access Control Market Overview
Role-based access control (RBAC) refers to a system that grants access and authorizes certain actions based on a user's position within the system. It is used to safeguard sensitive data from unauthorized access, modification, addition, or deletion.
Role based Access Control Global Market Report 2023 provides data on the global role based access control market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The role based access control market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.