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Remote Work Security Market worth $289.56 billion by 2030, growing at a CAGR of 22.33% - Exclusive Report by 360iResearch

03-07-2024 01:33 PM CET | IT, New Media & Software

Press release from: 360iResearch

Remote Work Security Market | 360iResearch

Remote Work Security Market | 360iResearch

The "Remote Work Security Market by Offering (Services, Solution), Security Type (Application Security, Cloud Security, Endpoint & IoT Security), Remote Work Model, Deployment Modules, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Remote Work Security Market to grow from USD 70.61 billion in 2023 to USD 289.56 billion by 2030, at a CAGR of 22.33%.

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The remote work security market focuses on providing solutions and services to protect data integrity, confidentiality, and availability for organizations adopting remote working. This market has grown significantly due to the COVID-19 pandemic, propelling businesses to transition online and prioritize data security. The market scope includes technologies such as virtual private networks (VPN), firewalls, endpoint security software, cloud access control systems, multi-factor authentication (MFA), intrusion detection and prevention systems (IDPS), secure file-sharing platforms, and employee training programs. The rapid shift to remote working and transition to flexible work policies due to the pandemic, increasing cyber threats targeting remote workers, and rising adoption of cloud-based workforce management drive the market growth. High costs associated with deploying advanced cybersecurity solutions may hinder small to medium-sized enterprises (SMEs). Moreover, scarce skilled professionals and extended working hours restrict market growth. Developing innovative security products using advanced technologies such as AI and machine learning offers enhanced detection and mitigation capabilities to protect against sophisticated threats. The growing availability of co-working spaces with new locations for remote employees is creating growth opportunities in the market.

In the Americas region, there has been a surge in demand for remote work security services due to increased cyberattacks aimed at exploiting vulnerabilities due to a lack of preparedness for remote work transitions and a growing number of companies realizing the importance of securing their sensitive information and network infrastructure. The United States has significant adoption rates of remote work security in healthcare, finance, manufacturing, IT services, defense & aerospace industries. Countries in the European Union (EU) have adopted stringent regulations to protect personal data and mitigate cyber threats. The Middle East's demand for remote work security solutions is driven by a growing population of internet users and increased cyberattacks targeting critical infrastructure sectors such as finance and oil & gas industries. The Asia-Pacific region has been gradually expanding its remote work security market, owing to growing digital adoption across multiple industries such as banking, retail, and healthcare. Moreover, the increasing sophistication of cyber threats targeting businesses and government support for developing national cyber resilience strategies also propel the market in the Asia-Pacific.

Market Segmentation & Coverage:

This research report categorizes the Remote Work Security Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Offering, market is studied across Services and Solution. The Services is further studied across Managed Services and Professional Services. The Professional Services is further studied across Integration & Implementation, Support & Maintenance, and Training & Consulting. The Solution commanded largest market share of 70.22% in 2023, followed by Services.

Based on Security Type, market is studied across Application Security, Cloud Security, Endpoint & IoT Security, and Network Security. The Endpoint & IoT Security commanded largest market share of 27.86% in 2023, followed by Network Security.

Based on Remote Work Model, market is studied across Fully Remote, Hybrid, and Temporary Remote. The Fully Remote commanded largest market share of 40.65% in 2023, followed by Hybrid.

Based on Deployment Modules, market is studied across Data Loss Prevention (DLP) Policies, Endpoint Security Solutions, Incident Response Plan, Multifactor Authentication, Remote Device Management, Secure Cloud Services, User Awareness Training, and Virtual Private Networks. The Endpoint Security Solutions commanded largest market share of 21.37% in 2023, followed by Remote Device Management.

Based on End-User, market is studied across BFSI, Education, Government & Public Sector, Media & Entertainment, Retail & eCommerce, and Telecommunication & IT. The BFSI commanded largest market share of 25.06% in 2023, followed by Telecommunication & IT.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 35.81% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Remote Work Security Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Remote Work Security Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Remote Work Security Market, highlighting leading vendors and their innovative profiles. These include Absolute Software Corporation, Akamai Technologies, Inc., Amazon Web Services, Inc., AO Kaspersky Lab, Axis Cyber Security Ltd. by Hewlett Packard Enterprise Company, Barracuda Networks, Inc., Bitdefender S.R.L., Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix Systems, Inc. by Cloud Software Group, Inc., Cloudflare, Inc., Commvault Systems, Inc., CrowdStrike Holdings, Inc., CyberArk Software Ltd., Cybereason Inc., ESET, spol. s r. o., F5, Inc., Forcepoint LLC, Fortinet, Inc., Fujitsu Limited, Gen Digital Inc., Google LLC by Alphabet Inc., HCL Technologies Limited, International Business Machines Corporation, Intigriti NV, JumpCloud Inc., K7 Computing Pvt Ltd., Malwarebytes Inc., McAfee, LLC, Microsoft Corporation, NEC Corporation, Okta, Inc., Open Text Corporation, Palo Alto Networks, Inc., Proofpoint, Inc., Rapid7, Inc., Salesforce, Inc., Seclore, Securden, Inc., SecurityScorecard, Inc., SentinelOne, Inc., Silverfort, Inc., Sonet.io, Inc., Sophos LTD., Thales Group, ThreatLocker, Inc., Trellix by Musarubra US LLC, Trend Micro Incorporated, Verizon Communications Inc., WatchGuard Technologies, Inc., WithSecure Corporation, Yubico AB, Zoho Corporation, and Zscaler, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Remote Work Security Market, by Offering
7. Remote Work Security Market, by Security Type
8. Remote Work Security Market, by Remote Work Model
9. Remote Work Security Market, by Deployment Modules
10. Remote Work Security Market, by End-User
11. Americas Remote Work Security Market
12. Asia-Pacific Remote Work Security Market
13. Europe, Middle East & Africa Remote Work Security Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Remote Work Security Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Remote Work Security Market?
3. What is the competitive strategic window for opportunities in the Remote Work Security Market?
4. What are the technology trends and regulatory frameworks in the Remote Work Security Market?
5. What is the market share of the leading vendors in the Remote Work Security Market?
6. What modes and strategic moves are considered suitable for entering the Remote Work Security Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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