Remote Access Solution Market Trends

Growth Drivers

• Rapid adoption of Bring Your Own Device (BYOD) policy - The growing acceptance of bring-your-own-device (BYOD) policies in businesses is one of the main factors propelling the market for remote access solutions. BYOD enables staff members to access corporate data and apps on their own computers, tablets, and cellphones. This method improves worker happiness, productivity, and workflow flexibility.If not properly handled, it also makes one more vulnerable to cyber dangers. Security for remote access becomes essential at this point. BYOD initiatives are made more secure by tools like virtual private networks (VPNs), virtual desktops, and cloud access software. A BYOD initiative is in place at 82% of firms. When a firm adopts BYOD, 68% of them report increased productivity.
• The vast potential of small and medium-sized businesses (SMEs) - Small and midsized firms are still mostly unexplored landscape with enormous development potential, despite the fact that large enterprises are gradually implementing remote access solutions. Owing to their lower IT knowledge and security budgets, SMEs are more vulnerable to cyberattacks.However, as they embrace cloud-based tools and remote work, they also understand how important it is to bolster access security. Solutions designed for SMBs that are affordable and scalable have the potential to revolutionize this market. Through partnerships with managed service providers, solution providers can provide SMEs with strong protection. Considering all this, the remote access solution market will grow during the forecast period.
• Quick digital change in developing markets - Brazil, Mexico, India, China, and other emerging economies are rapidly transforming their economies through digital means. Businesses modernizing their IT infrastructure are opening up new growth opportunities with the help of technologies like cloud computing, mobility, and virtualization.Because of this, there is a growing need for secure remote access to networks and data. International companies are joining these sectors by forming alliances with regional suppliers. In addition, a number of government programs, such as Digital India, are accelerating the use of technology and the corresponding requirement for security solutions.

Challenges

• High implementation cost obstructs market adoption - For businesses, the high expenses of installing, configuring and maintaining complex remote access software and hardware acts as adoption challenges. Licensing cost of certain software and desktops act as a barrier for small enterprises to adopt new technologies. Furthermore, hiring qualified skilled professionals and IT training further increases the cost.

• Security risks and data privacy can hamper market expansion, 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 is anticipated to hinder the growth of remote access solution market.