Access Control Market Size, Share, Trends | Global Report 2024

The Role-based Access Control Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Role-based Access Control Global Market Report 2024, The role-based access control market size has grown rapidly in recent years. It will grow from $9.63 billion in 2023 to $10.83 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The  growth in the historic period can be attributed to regulatory compliance requirements, rise in cybersecurity threats, data privacy concerns, industry-specific security standards, increased complexity of it environments..

The role-based access control market size is expected to see rapid growth in the next few years. It will grow to $17.43 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to cloud computing adoption, iot proliferation, global remote work trends, focus on zero-trust security models, integration with identity management solutions.. Major trends in the forecast period include enhanced user experience, emergence of blockchain in rbac, collaboration with threat intelligence, mobile rbac solutions, customization for industry-specific needs..

The increase in demand for working from home is expected to propel the growth of the role-based access control market going forward. Work from home is a concept where an individual can do their duties from home using tools, resources, and policies that their employer has approved. Role-based access control helps people working remotely with increased security, better compliance, and improved productivity. For instance, according to a survey report published by Upwork, a US-based online freelance marketplace, among 1,000 recruiting managers in the United States, in 2021, 28% of 1,000 recruiting managers in the United States, representing 40.7 million professionals, claimed they are going to be remote in the next five years, up from 22.9% in 2020. Therefore, the increase in demand for working from home drives the role-based access control market.

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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

Product innovation is the key trend gaining popularity in the role-based access control market. Major companies operating in the role-based access control market are focusing on developing new products to sustain their position in the market. For instance, in March 2022, VNTG Inc, a US-based provider of a developer tool that allows teams to manage cloud costs, launched role-based access control for team management. This product’s unique feature will enable users to collect which team members can access detailed cost data in the Vantage interface. RBAC enables vantage enterprise-tier clients to build teams, add team members, and manage which teams can access particular workspaces containing detailed cost data.

The role-based access control market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

Major Players:

• Amazon Web Services Inc.
• BeyondTrust Corporation
• ForgeRock Inc.
• International Business Machines Corporation
• JumpCloud Inc.

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