Estimating the value of role-based access control markets

Role-based access control (RBAC) market is witnessing a rapid growth as companies focus on streamlining their operations with the implementation of robust IT security measures.

RBAC Market Growth With digitalization taking hold of all aspects of businesses, the role-based access control market is projected to increase drastically over the forecast period (2023-2032). According to The Brainy Insights, a market research firm, the RBAC market was valued at USD 9.2 billion in 2022. It is projected to increase to USD 26.5 billion by 2032, growing at a CAGR of 11.2% over the forecast period. The increasing number of large-scale data breaches and the deployment of cloud technology are the main factors driving the growth of the role-based access control market. Additionally, the introduction of various technological advancements such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Cloud-Based services are contributing to the growth of the RBAC market. "Increases in digitalization have a favourable impact on market expansion. Technological developments in AI, ML, IoT, and Cloud-Based services are expected to fuel the market's profitable expansion during the projected timeframe," says Avinash D, Director of Brainy Insights Pvt. Ltd. Organizations are investing heavily in IT security measures due to the rising number of cyber-attacks and strict regulations. Companies are deploying RBAC to provide a reporting system for monitoring and controlling access privileges. The implementation of RBAC in organizations is helping to reduce IT cost and improving operational efficiency.

The increasing number of large-scale data breaches and the deployment of cloud technology, along with technological advancements such as AI, ML, IoT, and Cloud-Based services, are driving the growth of the RBAC market, which is projected to increase to USD 26.5 billion by 2032, growing at a CAGR of 11.2%.

Companies seeking to capitalize on the growth of the role-based access control market should consult The Brainy Insights for a comprehensive market report to gain a deeper understanding of the market trends and dynamics and create a competitive advantage in their product portfolio.