USD 1.72 billion
Report ID:
SQMIG45A2150 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
73
Global Remote Access Software Market size was valued at USD 1.72 billion in 2022 and is poised to grow from USD 2.04 billion in 2023 to USD 7.92 billion by 2031, growing at a CAGR of 18.5% in the forecast period (2024-2031).
The market is experiencing a remarkable surge attributed to the widespread embrace of work-from-home practices. Software solutions facilitating real-time access to company data from remote locations are in high demand, driven further by the increasing adoption of "bring your own device" policies in enterprises. Industries spanning healthcare, education, IT, and telecom are fervently seeking these solutions for their ability to offer flexible work arrangements. The outbreak of the pandemic further intensified the demand for such software.
Global Market Size
USD 1.72 billion
Largest Segment
Cloud-Based
Fastest Growth
On-Premise
Growth Rate
18.5% CAGR
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The global remote access software market is segmented into four major segments i.e. by type, end-user and region. Based on type the market is segmented as, cloud-based remote access software, on-premise remote access software. Based on end user the market is segmented as, large enterprises, SMEs, personal use. Based on region the market is segmented as, North America, Europe, Asia-Pacific, MEA, and Latin America.
Analysis by Deployment
The growing shift towards cloud services is fueling rapid growth, with a significant number of organizations gravitating towards cloud-based solutions. As highlighted in the IDC report of 2020, a projected 56% of Indian companies are poised to adopt cloud software, spurred by the escalating trend of remote work. The allure of cloud-based software lies in its ability to offer a trifecta of benefits: minimal maintenance costs, seamless installation processes, and scalability to accommodate burgeoning business needs.
On-premises software, installed directly onto an organization's server, stands as a stalwart in providing heightened security and affording direct control over configurations and management. Particularly favored by enterprises with extensive desktop and network systems, this approach ensures a localized and controlled environment. However, despite its advantages, the on-premises model comes saddled with high maintenance costs and the necessity for regular upgrades, which have spurred organizations to explore alternative, more secure options.
Analysis by Enterprise Type
The market forecasts indicate a prominent leadership role for the large enterprises segment, attributed to the notable surge in the adoption of bring your own device (BYOD) policies. In pursuit of augmenting employee efficiency and productivity, these large enterprises have strategically embraced work-from-home facilities for their workforce, consequently amplifying the demand for software solutions.
The forecast period anticipates substantial growth for the small and medium enterprises (SMEs) segment, propelled by the rising demand for work-from-home solutions. Small desktop tools play a pivotal role in supporting SMEs by mitigating additional costs related to power and water consumption, expansive office spaces, office maintenance, and other essential expenditures. As businesses, particularly SMEs, increasingly embrace remote work as a viable and efficient operational model, the adoption of small desktop tools becomes instrumental in streamlining workflows and minimizing overhead expenses.
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In 2022, North America emerged as the top revenue generator, primarily fueled by the swift embrace of cloud technology. Within this region, the United States notably dominated the market landscape, propelled by the widespread adoption of work-from-home practices spanning various industries. This surge in remote work norms catalyzed a heightened demand for tech solutions, including cloud-based services, positioning the U.S. at the forefront of market growth.
Asia Pacific emerges as the region poised for the most substantial growth, anticipated to exhibit the highest CAGR. This growth trajectory is propelled by the widespread adoption of cutting-edge digital technologies geared towards supporting employees in executing diverse industry operations. The region's burgeoning employee base combined with the escalating costs associated with physical workspaces serve as pivotal factors fueling the demand for this market across countries like India, China, South Korea, and Australia.
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Drivers
Growing Remote Learning Practices to Drive Remote Desktop Software Market Growth
Restraints
Slow Internet Network and Downtime to Obstruct Market Growth
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The competitive environment of the global Remote Access Software Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
In September 2023 for VMware software company specializes in cloud infrastructure and digital workspaces introduces its VMware Secure Access service edge solution, produced on August 2020. SD-WAN and NGFW converge together at the same time it acts as the first line of defense between the private network and the Internet.
In June 2023, Cisco Systems, a leading global technology company that is known for its networking hardware, software, and services unveiled a cloud-native unified SASE solution called Cisco+ Secure Connect, which merges networking and security features.
In April 2023, TeamViewer unveiled its cutting-edge solution, TeamViewer Remote, marking a significant advancement in remote access and support technology.
Adoption of Bring Your Own Device Policy to Drive the Market Growth
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global remote access software market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The global report on remote desktop software meticulously identifies and showcases key regions worldwide, aiming to enrich the reader's comprehension. Delving beyond geographical delineations, this report furnishes valuable insights into the most recent industry trends, dissecting the rapid deployment of cutting-edge technologies on a global scale. Moreover, it meticulously delineates growth catalysts and impediments, serving as a comprehensive guide for readers seeking profound insights into the market dynamics.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.72 billion |
Market size value in 2031 | USD 7.92 billion |
Growth Rate | 18.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Remote Access Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Remote Access Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Remote Access Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Remote Access Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Remote Access Software Market size was valued at USD 1.45 billion in 2021 and is poised to grow from USD 2.41 billion in 2022 to USD 9.27 billion by 2030, growing at a CAGR of 18.5% in the forecast period (2023-2030).
The competitive environment of the Remote Access Software Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'BeyondTrust', 'Cisco WebEx', 'LogMeIn (GoToMyPC)', 'TeamViewer', 'ASG Technologies', 'Rsupport', 'F5, Inc.', 'SimpleHelp', 'Techinline', 'RemotePC', 'RealVNC', 'Devolutions', 'Zoho', 'AnyDesk', 'ConnectWise (Thoma Bravo)', 'SolarWinds', 'Goverlan Reach', 'Splashtop'
Distance education and e-learning are experiencing a surge in popularity and considerable demand, buoyed by the expansive growth of technology. Educational universities, institutes, and entire education systems are leveraging distance learning to extend their reach to students across multiple countries. This trend is notably observed as institutes and universities witness a widespread embrace of distance learning enrollment on a scale.
The pervasive implementation of the Bring Your Own Device (BYOD) policy across industries is gaining momentum due to its manifold advantages, including flexible teamwork hours, heightened member satisfaction, and bolstered security measures. As per the Cyber Talk Organization Report of 2020, approximately 67% of companies worldwide have embraced the BYOD strategy, underscoring its widespread adoption.
In 2022, North America emerged as the top revenue generator, primarily fueled by the swift embrace of cloud technology. Within this region, the United States notably dominated the market landscape, propelled by the widespread adoption of work-from-home practices spanning various industries. This surge in remote work norms catalyzed a heightened demand for tech solutions, including cloud-based services, positioning the U.S. at the forefront of market growth.
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Report ID: SQMIG45A2150
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