June 18, 2024
Remote Access Solution Market
Ict

The Remote Access Solution Market Is Driven By Digital Transformation Trends

Remote access solutions have become essential for organizations, enabling remote work and ensuring business continuity. Remote access solutions allow authorized users to securely access enterprise networks, applications, virtual desktops and documents from anywhere via mobile devices or laptops. Remote access technology provides a simple and secure way for organizations to expand their workforce beyond physical offices while maintaining productivity and collaboration. The global remote access solution market encompasses various technologies including VPN, VDI, remote desktop services and others that empower users to work securely outside the traditional office environment. These solutions deliver benefits such as reducing operational costs, improving workforce flexibility and optimizing distributed team collaboration.

The global Remote Access Solution Market is estimated to be valued at US$ 20.91 Billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The remote access solution market is being driven by the rapid digital transformation trend as organizations look to transition to cloud-based virtual workplace models. Legacy remote connectivity tools are shifting to more agile and robust platforms that offer scalability, increased security and optimized user experience. There is growing demand for zero trust network access solutions that eliminate the need for legacy VPNs and enable “work from anywhere” functionality securely. Moreover, remote access vendors are offering SaaS delivery models and enhanced management capabilities to simplify deployment and use for both IT teams and remote workers. Multi-factor authentication coupled with biometrics is also gaining traction to secure remote access. Growing BYOD practices are further fueling demand for robust yet user-friendly remote access technologies across sectors.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as remote access solutions market is fragmented. However, the market requires high R&D and marketing investments which pose barriers for new players.

Bargaining power of buyers: The bargaining power of buyers is high as remote access solutions are available from various vendors. Buyers can negotiate on pricing and switch between various vendors.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are many component providers, developers of remote access solutions have alternatives.

Threat of new substitutes: The threat of substitutes is low as remote access solutions cater to specific industry needs for remote access and connectivity.

Competitive rivalry: The competition is high among key players to gain market share through innovation, partnerships and pricing.

Key Takeaways

The Global Remote Access Solution Market Size is expected to witness high growth over the forecast period. The need for remote access has increased significantly during the COVID-19 pandemic with work from home becoming a norm across industries.

North America is expected to dominate the market over the forecast period. This is attributed to developed network infrastructure and technological advancements in the region. Growing trend of BYOD and mobile workforce is also driving the demand for remote access solutions in North America.

Key players operating in the Remote Access Solution Market are Cisco Systems, Citrix Systems, Barracuda Networks, F5 Networks, Symantec Corporation, SonicWall, Pulse Secure, Telstra Corporation, Vmware Inc., and Cybernic. Major players are focusing on partnerships and acquisitions to expand their product portfolio and global footprint.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it