Remote Access Solutions MarketGrowing demand for online education and Bring Your Own Device policy are key factors driving remote access solutions market revenue growth
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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Remote Access Solutions Market Size – USD 2.1 Billion in 2021, Market Growth – at a CAGR of 15.8%, Market Trends – Rapid technological advancements and cellular networks
Some Key Highlights From the Report
- 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.
- Market in North America accounted for largest revenue share in 2021. Increasing application of the Internet of Things (IoT), cloud-based systems, and adoption of operation technology are some key factors driving market growth in the region. Increase in number of connected devices among consumers and work-from-home norms, in addition to IoT deployment, 5G networks, BYOD, and mobility have significantly increased revenues opportunities in countries in the region.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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Leading Companies of the Remote Access Solutions Industry 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.
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)
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- IT & Telecommunications
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- The report conducts a comparative assessment of the leading market players participating in the global Remote Access Solutions market.
- The report marks the notable developments that have recently taken place in the Remote Access Solutions industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Remote Access Solutions market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Key questions addressed in the report:
- Who are the leading players dominating the global Remote Access Solutions Market?
- Which factors could potentially hamper the global market growth during the forecast period?
- Which regional market offers the most attractive growth opportunities to the companies operating in this market?
- How is the raw material availability affecting the demand for Remote Access Solutions in this industry vertical?
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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 analyze 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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