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Remote Access Software Market, by Technology

RA00116

Remote Access Software Market, by Technology (IPsec VPN, SSL, VPN, Direct Access), by Enterprise Size (Small Enterprise, Medium Enterprise, large Enterprise), by End-use (BFSI, Government, Manufacturing, IT & Telecommunication, Retail, Healthcare), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA) – Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00116

Pages: NA

Mar 2020

Global Remote Access Software Market Overview 2026:

The growing businesses today are majorly defined by the broad range of distributed work locations, and some workers with different information requirements. At the same time, a number of information security and privacy regulations such as Health Insurance Portability and Accountability Act (HIPAA), The Sarbanes-Oxley Act, Federal Security Management Act of 2002 (FISMA), Payment Card Industry Data Security Standard (PCI-DSS) and Gramm-Leach-Bliley Act (GLBA) are becoming more stringent, thereby creating a need for vast applications in various companies. The most common job functions that require remote access are marketing, administration, sales, management, finance, and accounting.

Growing BYOD policy across the companies is anticipated to drive the Global Remote Access Software Market

Emerging trend of BYOD program in different enterprises owing to increasing number of mobile device users is one of the drivers of the remote access software market. A company implementing BYOD policy must have access to all the devices which are connected to their business network and at the same time safeguard the business’s confidential data. Implementing BYOD policy requires secure remote access, thereby to avoid vulnerable threats from the employee’s devices.
The growing usage of BYOD program requires continuous remote access to the devices that are connected to the business server. With remote access, the corporate data is considered to be in the employee’s hands, and it would be much easier to access any data related to the work. Delivery of projects on time is the key aspect of the IT industries, and it would become a lot easier to meet the deadlines of delivery and help in a very efficient way to deliver the projects. The growing need for remote access of data is providing an excellent acceleration to this market for growing in the forecast period subsequently.

Growing security threats coupled with lesser adoption rate of remote access services is anticipated restrain the market growth during the projected timeframe 

The cost of the services offered by the remote access service providers and associated equipment are too high. The high-cost structure may be acceptable with large and medium scale companies but may not be fair to small sized companies.
The prices of the remote access service provider are based on the number of users, and the prices of cloud storage service providers are based on the usage of data.  The remote access software is experiencing less adoption rate among small scale companies due to less affordability because of their high prices. Equipment related to remote access services are also of high prices and require well-trained workforce to operate, thereby restraining the growth of remote access software market in the forecast period.

Growing demand for remote access services in various industry verticals is projected to be the key growth opportunity for Remote Access Software Market

The demand for remote access services is increasing continuously across different industry verticals like BFSI, IT and Telecommunications, Retail and many others.
The banking sector is providing a good number of opportunities to the vendors because of increasing e-banking, and 24X7 business facilities. Industry verticals like IT & Telecommunication and Retail are also estimated to have ample of opportunities due to their growing customer base. To satisfy the growing client base and to provide required services, the companies are providing remote assistance and remote customer services and thereby providing good scope for remote access software.
Education is also one of the vertical utilizing remote access services. These services are growing due to the growing trends in e-learning, and online learning platforms. Thus, the growth in usage is providing an additional opportunity for the remote access software vendors in the forecast period.


Small enterprises segment is predicted to be most lucrative in the estimated timeframe

The remote access software market has been further segmented by the enterprise size as Small, Medium, and Large companies. Among all three company types, the small enterprise segment is predicted to have the highest growth rate, and the medium enterprises are having the largest market size over the forecast period. The growing popularity among small-scale enterprises coupled with increasing demand for remote data availability is creating a huge demand for remote access software across small scale enterprises. The remote access software providers to small scale enterprises offer specific solutions for collaboration, Managed Service Provider (MSP) needs, and IT infrastructure. This kind of enterprises will have a low revenue and small budget to spend on remote access software. The small-scale enterprises will have very less IT-infrastructure support too. Due to low budgets, services like cloud storage, by the remote access software providers are also becoming very limited compared to medium and large enterprises.

IT and Telecommunication segment accounted for the highest Remote Access Software Market share by 2026

The remote access software market has been segmented by the end-user industry as BFSI, Government, Manufacturing, IT and Telecommunications, Retail, Healthcare, and others. The demand for remote access software is gaining much traction across various industry verticals. Since remote data access is becoming one of the key elements in organizations nowadays, the demand for remote access software is increasing rapidly.
Increased adoption of remote access software solutions can be observed across all industry verticals. Remote access makes the data access easy and so it is becoming an essential part of many verticals.
The applications of remote access software in IT and Telecommunication industry are increasing continuously. The increasing work hours of the professionals working in the information technology sector coupled with the growing number of professionals are increasing the demand for remote access software over the forecast period.
The increasing need to work from a remote location and the need for remote access to data are also attributing to the growth of remote access software applications in this industry vertical.

Regional Insight

North America's Remote Access Software market is expected to lead the global Remote Access Software market, owing to the technological advancements in this region. However, the Asia-Pacific region is anticipated to dominate the market in the near future, the growth is majorly attributed to the rapid growth of small and medium sized enterprises.

Key players in the Global Remote Access Software Market:

Product development and joint ventures are the most common strategies followed by the market players

Key players in the Global Remote Access Software Market

Source: Research Dive Analysis

Major players in the global Remote Access Software market include Juniper Networks, Fortinet, Sophos Ltd., Palo Alto Networks, Inc., Symantec Corporation, Cisco Systems, Inc., Vmware, Inc., Citrix Systems, Inc., Brocade communication Systems, Inc., and Netscreen Technologies, Inc. among others. These key players are majorly focusing on collaborations, partnerships, mergers and acquisitions and other activities to strengthen their market presence.
 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Technology

  • IPsec VPN
  • SSL
  • VPN
  • Direct Access

  Segmentation by Enterprise Size

  • Small Enterprise
  • Medium Enterprise
  • Large Enterprise

  Segmentation by End-use

  • BFSI
  • Government
  • Manufacturing
  • IT & Telecommunication
  • Retail
  • Healthcare
  •  

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Juniper Networks
  • Fortinet, Sophos Ltd.
  • Palo Alto Networks, Inc.
  • Symantec Corporation
  • Cisco Systems, Inc.
  • Vmware, Inc.
  • Citrix Systems, Inc.
  • Brocade communication Systems, Inc.
  • Netscreen Technologies

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. Juniper Networks, Palo Alto Networks, Inc. and Vmware, Inc. are some of the key players in the global Remote Access Software market.

A. Asia-Pacific possesses great investment opportunities for investors to witness the most promising growth in the coming years.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. Vmware, Inc. and Juniper Networks are investing more in R&D activities for developing new products and technologies.

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