Role-based Access Control Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

March 15 17:09 2023
Role-based Access Control Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027
Microsoft (US), AWS (US), SolarWinds (US), IBM (US), ManageEngine (US), Oracle (US), JumpCloud (US), Okta (US), ForgeRock (US) and Ping Identity (US), BeyondTrust (US), SailPoint(US), CyberArk (US), Broadcom (US), SecureAuth(US), Varonis (US), Edgile (US), Imprivata (US), and Bravura Security (Canada).
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

The role-based access control market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period, to reach USD 15.5 billion by 2027 from USD 8.7 billion in 2022.

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By component, the services segment is expected to grow at a higher CAGR during the forecast period.

The services segment includes professional services. Professional services have been further classified into implementation & integration, training & consulting, and support & maintenance. Training & consulting services enable enterprises to choose the best possible solutions and services depending on the size, requirement, and usage, among others, of the company. Support & maintenance services provide enterprises with the technical, customer, and backup support to ensure uninterrupted operational activities. With the increasing adoption of role-based access control solutions across various industry verticals, the demand for supporting services is also increasing among organizations.

Large enterprises segment to hold significant market share in 2022.

Enterprises with more than 1,000 employees are considered large enterprises. Large enterprises are the early adopters of role-based access control solutions, as they utilize multiple applications which are prone to fraudulent attacks. RBAC makes it possible to systematically implement and manage a least privilege policy across a large geographically distributed organization. RBAC also enables large organizations to implement standardized enforcement policies, demonstrating the controls required for regulatory compliance and providing users with appropriate access to get their jobs done.

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The major players have adopted various growth strategies to expand their global presence and increase their market reach to enhance their customer base. Key players such as Microsoft (US), AWS (US), SolarWinds(US), IBM (US), and ManageEngine (US) have adopted strategies such as product launches and upgradations, partnerships, agreements, and mergers and acquisitions to gain market presence and support the growth of the global role-based access control market.

Microsoft is one of the leading companies that develops, manufactures, supports, and sells a range of software products and services. The company provides various solutions for cloud, mobility, and productivity. Microsoft’s major cloud offerings include SaaS (Microsoft Dynamics Online [Enterprise Resource Planning (ERM) + CRM] and O365 Online), and IaaS and PaaS (Microsoft Azure [compute, integration, and networking]). Microsoft has invested heavily in managed services for hybrid cloud, IoT, and edge computing platforms. In the role-based access control market, Microsoft offers Azure RBAC to manage access to Azure resources. The Azure Active Directory roles control access to Azure AD resources such as users, groups, and applications using the Microsoft Graph API. Azure roles control access to Azure resources such as virtual machines or storage using Azure resource management.   Innovations, such as Azure Sphere, Digital Twins, and Azure IoT Central, have placed Microsoft ahead of its competition in the IIoT and edge computing industries. The company introduced Azure Edge Zones, a convergence of cloud-managed services, hardware, and high-speed 5G networks. It caters to several verticals, including healthcare, retail, government, BFSI, manufacturing, and education. The company caters to a broad customer base in over 100 countries and has a presence in North America, Asia Pacific, Latin America, the Middle East & Africa, and Europe.

AWS is a subsidiary of Inc. It provides information technology services. The company offers website hosting, backup, digital marketing, analytics, application integration, blockchain, networking, and other related services. It also offers a variety of services for edge devices. In the role-based access control market, Amazon Cognito and customer identity and access management solution offer role-based access to AWS services, such as Amazon S3, Amazon DynamoDB, and AWS Lambda. Amazon Cognito offers capabilities such as creating roles for role mapping, granting pass role permission, using tokens to assign roles to users, and using rule-based mapping to assign roles to users. The company operates in North America, the Middle East & Africa, Asia Pacific, and Latin America through its strong partner network. It caters to various industries, including automotive, consumer goods, energy, financial services, gaming, education, government, healthcare and life sciences, manufacturing, media and entertainment, retail, telecom, travel and hospitality, and power and utilities.

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