Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Role-based Access Control Market size is expected to reach $16.5 billion by 2028, rising at a market growth of 11.6% CAGR during the forecast period.
The Solution segment acquired maximum revenue share in the Global Role-based Access Control Market by Component in 2021 thereby, achieving a market value of $11.6 billion by 2028. An RBAC software solution can be applied to properly configure a role-based access control system. With RBAC solution, a comprehensive device or file action control solution, managers may automate & implement role-based access control. In addition, by adopting RBAC security and assigning unique user permissions, organizations may successfully meet the needs of all company members.
The SMEs segment is showcasing a CAGR of 13.4% during (2022 - 2028). With role-based access control systems for small businesses, each user can access their own features and modules. This ensures users can access the most up-to-date data, reducing errors and ensuring maximum precision. Numerous small firms are interested in role-based access control due to its numerous benefits. This is expected to contribute to the market's expansion.
The BFSI segment acquired maximum revenue share in the Global Role-based Access Control Market by Vertical in 2021 thereby, achieving a market value of $4 billion by 2028. Several organizations in the banking industry face complicated problems and business threats that necessitate specialized security configurations. Marketers who meet the demands of the BFSI sector provide a comprehensive selection of solutions. The financial sector's access control system is developed for places containing client assets like money, gold, data, papers, etc.
The North America market dominated the Global Role-based Access Control Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.7 billion by 2028. The Europe market is exhibiting a CAGR of 11.2% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 12.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/role-based-access-control-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, SolarWinds Corporation, IBM Corporation, Oracle Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Broadcom, Inc., Okta, Inc., CyberArk Software Ltd., Imprivata, Inc. (Thoma Bravo, LLC) and Varonis Systems, Inc.
By Organization Size
Unique Offerings from KBV Research
North America Role-based Access Control Market size & Opportunities 2022-2028
Europe Role-based Access Control Market & Growth Forecast 2022-2028
Asia Pacific Role-based Access Control Market Share & Industry Outlook to 2028
LAMEA Role-based Access Control Market Growth, Trends & Forecasts 2022-2028