Press release
Remote Access Solutions Market SWOT Analysis By- ConnectWise, LLC., VMware, Inc., GoTo, TeamViewer, Microsoft, AnyDesk Software GmbH, Etc
Remote Access Solutions Market
The global remote access solutions market size reached USD 2.1 Billion in 2021 and is expected to register a revenue CAGR of 15.8% during the forecast period, according to latest analysis by Emergen Research. Increasing technological advancements with rapid growth of 5G cellular network coverage are key factors driving market revenue growth. Rapid adoption of BYOD policy in businesses and organizations, spurred by the COVID-19 pandemic, has increased traction of remote access solutions trends such as remote productivity tracking, video conferencing tools, and virtual workspaces.
Benefits such as increased productivity, efficiency, employee morale, improved employee loyalty, communication, hiring of talent, increased diversity, and convenience are some of the key factors supporting the shift toward the remote working model. This trend is also expected to support demand for remote access solutions across various enterprises to a significant extent. Furthermore, the improved carbon footprint is another important factor for organizations to consider.
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Some Key Highlights From the Report
Large enterprises segment accounted for a significantly robust revenue share in 2021. Increasing focus on employee productivity and security in data-driven companies are key factor driving growth of the segment. Steady adoption of scalable remote access solutions such as Software-Defined Perimeter (SDP) and Secure Access Service Edge (SASE) offering enterprise-level performance and security is driving revenue growth of the segment. High-quality user experience and efficiency are important factors in large enterprises for a smooth workflow and adoption of more advanced solutions is expected to continue over the forecast period.
Cloud-based segment revenue is expected to increase at a significantly steady rate over the forecast period. Demand for cloud-based remote access solutions has been increasing owing to better security than on-premise where many applications require access of the client on the user's machine and installation of software, which can be a vulnerability point after the work is done. Rapid digital transformation has increased demand for remote access solutions, especially in the education sector. Provision for timely and secure access to computer resources of high-end and expensive desktop software such as AutoCAD and InDesign, among others, are some of the major factors supporting demand for cloud-based remote access solutions.
Banking, Financial Services and Insurance (BFSI) segment accounted for a significantly large revenue share in 2021. High demand for automation in banks and financial institutions for digitization and faster turnaround is a key factor driving revenue growth of the segment. Rising demand in next-generation banks for enhanced customer experience and data-driven analytics has made remote access banking solutions an essential requirement. Adoption of advanced technologies such as Artificial Intelligence (AI), digital banking, chatbots, and video Know Your Customer (KYC) process across an increasing number of banks is expected to continue going ahead.
Top Companies Operating in the Remote Access Solutions Market and Profiled in the Report are:
ConnectWise, LLC., VMware, Inc., GoTo, TeamViewer, Microsoft, AnyDesk Software GmbH, Splashtop Inc., Zoho Corporation Pvt. Ltd., BeyondTrust Corporation, and Kaseya Limited.
It further offers a comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
Regional analysis of the Remote Access Solutions market includes analysis of the production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and vendors, and market size and share in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The report further offers key insights into country wise analysis and major factors driving revenue growth of each regional market.
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Detailed Regional Analysis Covers:
North America
Canada
U.S.
Mexico
Europe
Germany
Italy
U.K.
Rest of EU
Asia Pacific
India
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
U.A.E
Rest of MEA
Emergen Research has segmented the global remote access solutions market on the basis of enterprise size, deployment mode, end-use, and region:
Enterprise Size Outlook (Revenue, USD Billion; 2019-2030)
Small & Medium Enterprises
Large Enterprises
Deployment Mode Outlook (Revenue, USD Billion; 2019-2030)
On-Premise
Cloud
End-Use Outlook (Revenue, USD Billion; 2019-2030)
BFSI
Healthcare
Retail
Government
IT & Telecommunications
Manufacturing
Others
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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