The global remote access software market is projected to grow at a CAGR of 15.71% during the forecast period, reaching a total market size of US$3.829 billion in 2025 from US$1.596 billion in 2019.Remote access software enables a local user to connect and access a remote computer, server or network. It helps in connecting two or more computers or network nodes that are on separate networks or/ and present in different geographical locations. One of the major drivers of the remote access software market is the growing adoption of BYOD (Bring Your Own Device) policy in various enterprises combined with an increasing number of smartphone and tablet users. The rising number of employees across the globe are accessing their office desktop files on their own devices in order to save time with quick access to the required information. Rising globalization of businesses, marked by free trade, free capital flow, and tapping of cheaper foreign labor markets, require companies to install remote access software to control their business all around the world from their headquarters only. Companies are required to have continuous access to their data from different places which is only possible when all the data is on a single server and devices are accessible through high-speed internet connectivity, thereby making work more easy and accessible without any hindrance. The demand for remote access software is also increasing globally due to technological advancement and growing cellular network. The remote access software market is further boosted by growing security threats regarding data isolation and loss of PC or laptop for remote monitoring. The growing popularity of e-learning solutions and services provides a great opportunity for the growth of the remote access software market during the next five years. Online education, presentations, and webinars provided by an increasing number of educational institutions as part of their distance learning courses will thus, bolster the market growth of remote access software during the forecast period.
The remote access software market is segmented by mode of deployment, enterprise size, end-user, and geography. By mode of deployment, the remote access software market is segmented as on-premise and cloud. By enterprise size, the segmentation is done as small, medium, and large. The market is also bifurcated by end-user as BFSI, government, manufacturing, IT and telecommunications, retail, healthcare, and others.
The rising popularity of cloud computing driving the demand for cloud as the deployment model
Cloud-based deployment has a major share of the market due to its on-demand availability of computer system resources, specifically for data storage and computing power without direct active management by the user. Demand for On-premise remote access software is increasing majorly among large, private and government organizations, with a vast network of desktops and devices within the organization. This demand is attributed to the high budget of these large organizations that can afford to deploy on-premise models requiring high capital expenditure and regular maintenance. Moreover, the on-premise deployment model has benefited large enterprises as it gives total control over the system management when it is upgraded and implemented, leading to high security and privacy of confidential data and information. Furthermore, the increasing number of skilled IT professionals in these enterprises for implementing and using the remote access software drives the growth of the on-premise deployment model segment.
The rising number of SMEs bolsters the growth of remote access software market
By enterprise size, large enterprises account for the major share as most of the established players in global remote access software market design and provide their costly products and services only to large enterprises and organizations. However, the rising number of SMEs (small and medium enterprises) is encouraging global vendors to introduce cost-effective remote access software designed specifically for small and medium businesses with a limited budget. The proliferation of mobile devices along with the rising internet penetration is driving the demand for remote access software market across both small and medium enterprise segment. The demand is further being driven by the use of VPN technologies across medium scale enterprises.
IT and Telecommunications account for the largest share.
IT and Telecommunication industry is highly using remote access software on account of growing IT infrastructure, especially in emerging economies such as India and South Korea, along with an increase in the number of employees with personal mobile devices, thus, augmenting the market growth remote access software. Banking, Finance, and Insurance Industry (BFSI) is also witnessing a surging demand for remote access software due to a rise in the number of e-transactions, an increase in deployment of kiosks and auto teller machines, retail banking channels, and remote banking services.
By geography, North America has a notable share in the market
Regionally, the remote access software market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. North America is expected to have a notable market share in the remote access software market due to the early adoption of technologies across industries coupled with the presence of major market players in the region. The Asia Pacific will witness the fastest regional market growth owing to the industrialization and urbanization in the region which has increased technological advancements in broadband facilities. The rising number of smartphone users in China, South Korea, and India among other APAC countries is further fueling the demand for remote access software. The emerging trend of managing and accessing bank accounts via smartphones is also the driving factor for remote access software market in the Asia Pacific region. The Europe and the Middle East and Africa (MEA) market for remote access software will expand owing to increase in adoption of cloud computing and the presence of some of the major players, catering to the demand with a wide range of solutions across different industry verticals.
Market Players and Competitive Intelligence
The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants profiled as part of this section are AnyDesk Software GmbH, LogMeIn, Inc., TeamViewer, Splashtop Inc., BeyondTrust Corporation, Zoho Corporation, Microsoft, Kaseya Limited, IDrive Inc. RemotePC™, and Remote Utilities LLC.