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

  • Report ID: 5822
  • Published Date: Mar 05, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Remote Access Solution Market size is expected to reach USD 15  Billion by the end of 2036, growing at a CAGR of 14% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the remote access solution was USD 6 Billion. The rising adoption of cloud computing has increased cloud-based remote access solutions parallel. Moreover, shifting to cloud services provides more flexibility and scalability to the users. For instance, Yokogawa Electric Corporation released a report in January 2022, which states that it has launched a cloud-enabled version of the collaborative information server by March 2022 ensuring a high-security environment and low-cost project implementation.

Additionally, the growing cybercrime rate is believed to fuel the growth of the remote access solution market. The increasing danger of cyberattacks like data breaches, ransomware, and phishing is compelling large and small enterprises to strengthen their remote access security. Zero trust network access is a remote access solution that implements strong identity verification and multi-factor authentication to prevent cybercrimes.


Remote Access Solution Market
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Remote Access Solution Sector: Growth Drivers and Challenges

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

Remote Access Solution Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~14%

Base Year Market Size (2023)

~ USD 6 Billion

Forecast Year Market Size (2036)

~ USD 15 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Remote Access Solution Segmentation

By Deployment Mode (On Premises, Cloud)

The cloud segment is predicted to account for 52% share of the global remote access solution market by 2036. The adoption of a remote working culture has increased the demand for cloud storage services, software as a service, and online communication methods, playing a key role in driving the segment growth. Due to security concerns, cloud-based remote access solutions are in more demand as many applications require access to the client on the user’s machine and installation of software. For instance, Google Cloud Services released a report in 2024 that states that PMY Technology and Google Cloud announced a partnership where Google Cloud will serve as the technology partner for PMY Group to reconstruct services for sports and events with generative AI.

By End User ( BFSI, Government, Manufacturing)

The BFSI segment is predicted to account for 45% share of the global remote access solution market by 2036. Revenue growth is driven by increasing demand for automation in banks & financial institutions to digitize business processes and turn them around more quickly. Moreover, millions of users are rapidly adopting remote and mobile access as a basic requirement that is predicted to drive up demand for bank digitization. Increasing demand for satisfactory customer experience in banks has made remote access solutions as basic requirement.

Our in-depth analysis of the global market includes the following segments:

          By Deployment Mode

  • On Premises
  • Cloud

          By Organization Size

  • Large Enterprise
  • Small/Medium Enterprise

          By End User

  • BFSI
  • Government
  • Manufacturing

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Remote Access Solution Industry - Regional Synopsis

North American Market Forecast

The remote access solution market in the North America region is anticipated to hold the largest with a share of about 34% by the end of 2036. Adoption of operation technology and cloud-based services are the major factors leading to regional growth. Rapid increase in a number of connected devices and following working remotely culture is a major factor for driving high revenue in the region. For instance, Amazon Web Services (AWS), a leading cloud services provider launched a new AWS in Canada West and it becomes the first major cloud services provider in the Canada (Calgary) region which will serve customers various options to run workloads with even greater availability and resilience. These remote access security solutions allow users to access data securely & lower latency.

European Market Analysis

The remote access solution market in Europe region is estimated to be the second largest, registering a share of about 24% by the end of 2036. The market’s expansion can be attributed majorly to the increasing demand for business outsourcing to increase the market value regionally. The European Union Data Strategy's suggested initiatives like investing in an Important Project of Common European Interest (IPCEI) would speed up the process of moving to the edge while enabling cloud and edge services that are compatible to help create shared European data spaces. When switching to the cloud, providers and users need to feel secure and benefit from strong competition in the market. Moreover, the rapid adoption of technologies and the development of advanced IT infrastructure are the key factors that are believed to fuel the regional market growth. For instance, Wallix a leading European cybersecurity software having expertise in identity and access solutions launched SaaS remote access which is designed for all sectors of organization but planned particularly for industrial sector. This software will provide digital access to the IT structure and greatest level of cybersecurity.

Research Nester
Remote Access Solution Market Size
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Companies Dominating the Remote Access Solution Landscape

top-features-companies
    • VMware, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • GoTo
    • LeadSec
    • Splashtop Inc
    • Juniper Networks, Inc.
    • BeyondTrust
    • Array Networks, Inc

In-the-news

In The News

  • 29 September, 2020: VMware, announced VMware future ready workforce solutions to address the needs of the distributed workforce which will provide end to end zero trust security control and simplified management.
  • 29 August, 2021:  BeyondTrust released the latest version 21.2, of its leading Privileged Remote Access solution. With the help of this software, IT/OT teams maintain strict security protocols while supervising, controlling, and auditing remote privileged access provided to approved individuals, such as workers, contractors, and suppliers.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5822
  • Published Date: Mar 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising adoption of cloud computing and bring your own device policy are the major factors driving the growth of Remote Solution Access Market.

The market size of Remote Access Solution Market is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2024-2036.

The major players in the market are Cisco Systems, Inc., Microsoft, Citrix Systems, Inc., GoTo, LeadSec, Splashtop Inc, Juniper Networks, Inc., BeyondTrust, Array Networks, Inc., and others.

The cloud segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Remote Access Solution Market Report Scope
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