Remote Access Solution Market Size & Share by Deployment Mode (On Premise, Cloud); Organization Size (Large Enterprises, Small Enterprises); End User (BFSI, Government, Manufacturing) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Rapid Adoption of Bring Your Own Device Policy (BYOD) -  This policy allows employee to access company data and applications by using their devices like laptops, tablets, and smartphones. This method enhances the productivity and workflow of the users. However, there are great chances of cyber threats if not able to manage them properly, under such circumstances role of remote access security becomes crucial. For instance, a report published by Global Workplace Analytics states that 62% of employees said they could work remotely. As various organizations adopt flexible BYOD policies, the demand for securing remote access will consequently rise.
• Agility & Flexibility Crucial for Business Continuity - A flexible and adaptable remote access infrastructure is essential, as proved by the pandemic hit. Enterprises had to make the shift to remote work models to ensure business continuity due to restrictions. The introduction of connective technologies like learning management systems & web conferencing software provided focus on remote access solutions which provide unhindered efficiency. Organizations adapted quickly to the technologies and provided fast & protected access to applications and networks.
• Increase Cybercrime Ensures Advanced Remote Security - Enterprises have been compelled to strengthen their remote access security due to the increasing rate of ransomware, phishing, malware assaults, and data breaches. For instance, on January 12, 2024, the Microsoft security team detected a nation-state attack on corporate networks & immediately initiated a response process to look into the matter to stop any malicious activities, reduce the attack, and prevent the threat actor from getting access to our systems. Microsoft has determined that Midnight Blizzard, a Russian state-sponsored entity also going by the name Nobelium. Strict identity verification and multi-factor authentication are implemented in remote access solutions to avoid data breaches.

Challenges

• High Implementation Cost Obstructs Market Adoption: For businesses, the high expenses of installing, configuring, and maintaining complex remote access software and hardware act as adoption challenges. The licensing cost of certain software and desktops acts as a barrier for small enterprises to adopt new technologies. Moreover, hiring qualified skilled professionals and IT training further increases the cost.

• Security risks and data privacy can hamper market growth, users can access organizational networks and resources from outside the perimeter with the help of remote access solutions. This creates a hole that might be used to steal data.
• Shortage of skilled IT security professionals