Role-based Access Control (RBAC) Market – New Investments Expected to boost the Demand by 2026

Role-based access control (RBAC) is a comparatively new type of access control system. Role-based access control is different for every organization, and it is designed to reduce administrative costs. Moreover, it provides a simplified approach with the organizational structure, which helps enterprises maximize operational efficiency. Role-based access control permits enterprises to specify and enforce security policies.

One of the driving factors of the role-based access control market is the increase in need for controlling information as enterprises increase the functionality and information offered on internal and external networks. Moreover, an organization’s operations can be disrupted due to security failures.  Role-based access control helps restrict system access to users based on defined roles. Therefore, it helps to provide better security. Moreover, it restricts network access based on a person’s role in the organization. Additionally, role-based access control helps improve compliance as organizations can more easily meet legal and regulatory requirements for privacy and confidentiality.

IT departments and executives have the ability to manage how data is being accessed and used. Due to these factors, the demand for role-based access control technology is expected to increase at a rapid rate during the forecast period. However, a rise in the number of roles in an organization requires an increasing number of roles to properly encapsulate the permissions. It is difficult to manage all those roles as it becomes a complex affair. This is likely to hamper the role-based access control market in the near future.

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The global role-based access control market can be categorized based on component, enterprise size, industry vertical, and geography. Based on component, the role-based access control market can be segmented into software and professional services. The software segment can be further divided into role-permissions, role management, role assignment, role authorization, transaction authorization, and others. The professional services segment can be further classified into integration and consulting and auditing and support. In terms of enterprise size, the global role-based access control market can be divided into small- and medium-sized enterprises (SMEs) and large-sized enterprises.

The large-sized enterprises segment is estimated to account for a prominent market share in 2018 as large-sized enterprises have a greater need for security. Based on industry vertical, the global role-based access control market can be divided into BFSI (banking, financial services, and insurance), healthcare, IT & telecommunication, education, government, retail, manufacturing, consumer goods, energy & utility, retail, and others. The health care segment is expected to expand at a rapid pace during the forecast period as health care organizations are adopting role-based access control for better access control.