What is the Projected Market Size and Growth Rate for the Global Role-Based Access Control Market?
The role-based access control market has experienced rapid growth in recent years and is set to continue on this upward trend. In 2024, the market size was estimated at $10.59 billion and is projected to reach $11.78 billion in 2025, representing a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period is largely due to regulatory compliance requirements, the rise in cybersecurity threats, data privacy concerns, industry-specific security standards, and increased complexity of IT environments.
Moving forward, the role-based access control market size is expected to witness even more considerable growth. By 2029, the market is estimated to value at $20.27 billion, indicating a CAGR of 14.5%. The growth in the forecast period can be primarily attributed to the adoption of cloud computing, the proliferation of IoT, global remote work trends, focus on zero-trust security models, and integration with identity management solutions. Major trends in the forecast period include enhanced user experience, the emergence of blockchain in RBAC, collaboration with threat intelligence, mobile RBAC solutions, and customization for industry-specific needs.
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What are the Key Drivers for the Role-Based Access Control Market?
The surge in demand for work from home facilities is a major driver for the growth of the role-based access control market. Work from home allows individuals to perform their duties remotely through the tools, resources, and policies approved by their employers. Role-based access control plays a crucial role for remote workers by ensuring increased security, better compliance, and improved productivity. According to data from the Office for National Statistics (ONS), a UK-based government agency, between September 2022 and January 2023, an estimated 44% of workers engaged in home or hybrid work, which signifies the increasing impact of remote work on the role-based access control market.
What Are the Major Segments in the Global Role-Based Access Control Market?
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
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Which Companies are Leading The Role-Based Access Control Market?
Major companies operating in the role-based access control market include 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, Radiant Logic, Cyberinc Corporation.
What are the Recent Trends in the Role-Based Access Control Market?
Product innovation is a notable trend in the role-based access control market. Companies are investing in 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 enables users to collect which team members can access detailed cost data in the Vantage interface, allowing enterprise-tier clients to build teams effectively.
What Are The Regional Roles in The Role-Based Access Control Market?
North America held the largest share of the global role-based access control market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, Africa.
What Does The Role-based Access Control Market Report 2025 Offer?
Role-based access control (RBAC) refers to a system that authorizes certain actions and grants access based on a user’s position within the system. It is primarily used to safeguard sensitive data from unauthorized access, modification, addition, or deletion. The Role-Based Access Control Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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