Global Remote Access Software Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Mode Of Deployment (On-Premise, Cloud), By Enterprise Size (Small, Medium, Large), By End User (BFSI, Government, Manufacturing, IT And Telecommunications, Retail, Healthcare, Others), And By Geography - Forecasts From 2022 To 2027
- Published : Dec 2022
- Report Code : KSI061610529
- Pages : 125
The global remote access software market is projected to grow at a CAGR of 13.52% during the forecast period, reaching a total market size of US$4.749 billion in 2027 from US$1.955 billion in 2020.
The current businesses globally are diversified in their work locations with multiple employees having different information needs as well. At the same time, a number of information security and privacy regulations are becoming more stringent, thereby creating a need for applications that are compliant with these regulations.
Remote access software enables employees to access official data securely while working from a remote location. Various businesses including sales, administration, financing, and marketing among others require remote access software in their enterprises for smooth workflow and efficiency.
The high market growth is also attributed to the adoption of Bring Your Own Device (BYOD) policies in various organizations across all types of enterprises. Growing cellular network capabilities coupled with technological advancements in remote access solutions are boosting the deployment of these software solutions across different verticals and thereby driving the market growth over the forecast period.
Remote access software is widely being adopted across the electronics industry for various purposes. The surge in high-speed internet access and mobile network capabilities are also complementing the remote access software market growth by providing a robust medium for data access through various channels.
The internet speed and network capabilities have grown from 2G, and 3G levels to 4G levels over the past decade. Moreover, rising competition in mobile communication has led to the entrance of new players, thereby driving down the cost of internet subscription services. Increasing adoption of internet-enabled devices connected throughout the world by IoT (Internet of Things) coupled with stringent regulatory obligations is leading to growing bandwidth requirements on the existing network.
According to the June 2022 Ericsson Mobility Report, the number of 5G subscriptions will surpass 1 billion by the end of 2022. This is further expected to increase to 4.4 billion 5G subscriptions by the end of 2027.
COVID-19 Impact on the Remote Access Software Market
The COVID-19 pandemic had a positive impact on the remote access software market. More people began working from home as a result of the lockdown which led to the closure of businesses and institutions, which dramatically raised the demand for remote access software. According to the Current Population Survey, 48.7 million people (around 35% of the employed population), reported working from home for the previous four weeks in May 2020 due to the pandemic. A far wider audience was affected by the pandemic and required remote access software. Even IT users requested more tools aimed at enabling remote access to office workers' work machines. A report by LogMeIn states that 38% of IT teams gave remote access software top priority during the COVID-19 epidemic.
Further, companies were deluged with new signups from a wide range of clients in March and April of 2020, especially business employees who needed to access their work computers from the comfort of their homes. For instance, according to a press announcement by AnyDesk, the company’s income increased by 170 percent from 2019 marking 2020 as the most prosperous year for the business with the number of downloads of AnyDesk's software doubling from 150 million to 300 million. Additionally, after witnessing strong growth in the first two months of 2020, the TeamViewer Group reported a further increase in demand in March 2020, according to the company's annual report, supported by a surge in the share price of the company owing to the work-from-home trend. Hence, the market for remote access software market is revised upwards. The market dynamics further improved due to a rise in complexity and the number of online applications and the proliferation of trends such as 5G and IoT as a result of the pandemic.
Global Remote Access Software Market Scope:
|Market Size Value in 2020||US$1.955 billion|
|Market Size Value in 2027||US$4.749 billion|
|Growth Rate||CAGR of 13.52% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Mode Of Deployment, Enterprise Size, End-User, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||AnyDesk Software GmbH, LogMeIn (GoTo), TeamViewer, Splashtop Inc., BeyondTrust Corporation, Zoho Corporation Pvt. Ltd., Microsoft, Kaseya Limited, IDrive Inc., Remote Utilities Pty (Cy) Ltd.|
|Customization Scope||Free report customization with purchase|
- By Mode Of Deployment
- By Enterprise Size
- By End-User
- IT and Telecommunications
- By Geography
- North America
- United States
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. REMOTE ACCESS SOFTWARE MARKET BY MODE OF DEPLOYMENT
6. REMOTE ACCESS SOFTWARE MARKET BY ENTERPRISE SIZE
7. REMOTE ACCESS SOFTWARE MARKET BY END-USER
7.5. IT and Telecommunications
8. REMOTE ACCESS SOFTWARE MARKET BY GEOGRAPHY
8.2. North America
8.2.1. North America Remote Access Software Market, By Mode of Deployment
8.2.2. North America Remote Access Software Market, By Enterprise Size
8.2.3. North America Remote Access Software Market, By End-User
8.2.4. By Country
220.127.116.11. United States
8.3. South America
8.3.1. South America Remote Access Software Market, By Mode of Deployment
8.3.2. South America Remote Access Software Market, By Enterprise Size
8.3.3. South America Remote Access Software Market, By End-User
8.3.4. By Country
8.4.1. Europe Remote Access Software Market, By Mode of Deployment
8.4.2. Europe Remote Access Software Market, By Enterprise Size
8.4.3. Europe Remote Access Software Market, By End-User
8.4.4. By Country
8.5. Middle East and Africa
8.5.1. Middle East and Africa Remote Access Software Market, By Mode of Deployment
8.5.2. Middle East and Africa Remote Access Software Market, By Enterprise Size
8.5.3. Middle East and Africa Remote Access Software Market, By End-User
8.5.4. By Country
18.104.22.168. Saudi Arabia
8.6. Asia Pacific
8.6.1. Asia Pacific Remote Access Software Market, By Mode of Deployment
8.6.2. Asia Pacific Remote Access Software Market, By Enterprise Size
8.6.3. Asia Pacific Remote Access Software Market, By End-User
8.6.4. By Country
22.214.171.124. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. AnyDesk Software GmbH
10.2. LogMeIn (GoTo)
10.4. Splashtop Inc.
10.5. BeyondTrust Corporation
10.6. Zoho Corporation Pvt. Ltd.
10.8. Kaseya Limited
10.9. IDrive Inc.
10.10. Remote Utilities Pty (Cy) Ltd.
AnyDesk Software GmbH
Zoho Corporation Pvt. Ltd.
Remote Utilities Pty (Cy) Ltd.
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