Dublin, March 29, 2023 (GLOBE NEWSWIRE) -- The "Role-based Access Control Market by Component (Solutions and Services (Implementation & Integration, Training & Consulting, Support & Maintenance), Model Type, Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The role-based access control market size is expected to grow from USD 8.7 billion in 2022 to USD 15.5 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period. Stringent regulations, such as HIPAA and PCI DSS to drive the need for role-based access control systems during the forecast period.
Implementation & integration services segment to account for the largest market size during the forecast period
Implementation & integration services help organizations configure, validate, and implement role-based access control solutions. These services ensure that organizations have better network performance and reliability, which helps them in achieving business efficiency. These services may also include design planning workshops, operational planning and staff guidance, and easy product deployment and integration. Design helps organizations in developing a suitable network architecture according to their needs and operational capability. Implementation guarantees design review, product orientation, and application fine-tuning. Implementing and integrating role-based access control systems with other third-party products helps provide more reliable and advanced protection to the infrastructure of an organization.
Government & defense vertical to hold second largest market share in 2022
Enterprises require government-mandated compliance and ease of accessibility when dealing with sensitive government data. A key trait of government supply chains that appeals to cyber criminals is the number of entities. There's a good chance a link in the chain has weak access controls, unmanaged service accounts, hard-coded credentials in software, and staff susceptible to social engineering or phishing. For that reason, the Office of Management and Budget (OMB) has directed U.S. federal agencies to begin implementing supply chain security controls such as PAM. PAM grants third-party access, monitors all privileged activities, and maintains an immutable audit trail.
Middle East & Africa region to hold second highest CAGR during forecast period
The Middle East & Africa comprises the UAE, Saudi Arabia, South Africa, and the rest of the Middle East & Africa. The region is driving technological innovation by adopting AI, intelligent cloud, and blockchain. According to a study by PwC, the Middle East is expected to be responsible for a 2% increase in the total global benefits of AI by 2030, which is equivalent to USD 320 billion. The IT and information security landscape in the Middle East is constantly evolving. According to a survey by Cybereason, 84% of UAE companies paid the ransom due to cyberattacks. For instance, in 2021, Saudi Arabia's oil-producing giant Aramco was forced to pay a ransom of USD 50 million after a cyber extortionist claimed to have seized troves of its data which was leaked through a contractor. Cyberattacks are the second-largest security risk in the Middle East & Africa, largely because of the increase in both size and expense of data breaches. This is helping push organizations in the Middle East & Africa to pay closer attention to digital identities.
Research Coverage
- The report segments the role-based access control market by component, model type, organization size, vertical, and region.
- Based on components, the market is segmented into solutions and services. Based on services, the market is categorized as implementation & integration, training & consulting, and support & maintenance.
- Based on model type, the market is segmented as core RBAC, heirarchical RBAC, and constrained RBAC.
- The market is segmented as large enterprises and SMEs based on organization size.
- Different verticals using role-based access control solutions include BFSI, IT & ITeS, healthcare, government & defense, telecommunications, retail & ecommerce, education and other verticals.
- The geographic analysis of the role-based access control market is spread across five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Market Dynamics
Drivers
- Need to Improve Compliance Requirements in Organizations
- Need to Enhance Operational Efficiency
- Requirement of Simplified Workflows in Order to Eliminate Bottlenecks
Restraints
- Rise in Number of Roles Resulting in Increased Strain on Rbac Systems
Opportunities
- Advent of Blockchain Technology in Role-Based Access Control
- Increased Adoption of Role-Based Access Control Systems for Cloud Security
Challenges
- Poor Identity Management and Role Creation Processes
- Accurate Security Risk Analysis
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 219 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $8.7 Billion |
| Forecasted Market Value (USD) by 2027 | $15.5 Billion |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Need to Enhance Operational Efficiency to Boost Market
4.2 Solutions Segment to Account for Larger Market Share During Forecast Period
4.3 Implementation & Integration Services Segment to Account for Largest Market Share During Forecast Period
4.4 Large Enterprises Segment to Account for Larger Market Share During Forecast Period
4.5 IT& Telecom Segment to Account for Largest Market Share During Forecast Period
4.6 Asia-Pacific to Emerge as Lucrative Market for Investments in Next Five Years
5 Market Overview and Industry Trends
6 Role-Based Access Control Market, by Component
7 Role-Based Access Control Market, by Model Type (Qualitative)
8 Role-Based Access Control Market, by Organization Size
9 Role-Based Access Control Market, by Vertical
10 Role-Based Access Control Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Adjacent Markets
14 Appendix
Companies Mentioned
- Automox
- Aws
- Beyondtrust
- Bravura Security
- Broadcom
- Cyberark
- Delinea
- Edgile
- Ekran System
- Empowerid
- Forgerock
- Frontegg
- Fusionauth
- Hostbooks
- Ibm
- Imprivata
- Jumpcloud
- Manageengine
- Microsoft
- Okta
- One Identity
- Oracle
- Ping Identity
- Sailpoint
- Secureauth
- Solarwinds
- Strongdm
- Tenfold
- Varonis
For more information about this report visit https://www.researchandmarkets.com/r/a902nl
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