The global remote access software market is evaluated at US$1.596 billion for the year 2019 growing at a CAGR of 15.69% reaching the market size of US$4.426 billion by the year 2026.
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 the 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 are 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 the growing cellular network. The remote access software market is further boosted by growing security threats regarding data isolation and the loss of PC or laptops 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.
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 the 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 the 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.
The advent of COVID-19 had a positive impact on the global remote access software market. The immense demand for the software was fuelled by the rising adoption of the work from home concept during the period as the operations in the offices were put on a hold due to the lockdowns restrictions that were imposed in several countries in order to curb the widespread of the disease. In the outbreak of COVID-19, most of the organizations across the globe are working remotely, without any backup plans, in order to just keep the business up for survival. This remote access software plays an essential role in disease spread throughout the world coronavirus, by providing connectivity among people. For instance, Columbia University Information technology makes use of online remote access software to facilitate students with online learning. The surge in work-from-home policies by the companies due to the COVID-19 is substantially boosting the requirement for secure remote access solutions across industry verticals complemented by an increase in IT investments to scale up the existing infrastructure. For instance, in July 2020, Splashtop Inc, collaborated with Chromebook, to provide real-time access to teachers so that they can assist the students over the platform.
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. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Rising awareness about cloud computing at a global level will drive the market during the forecast period
The growth of the remote access software market is fuelled by the rising popularity of cloud computing amongst enterprises. 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.
Increasing adoption of the BYOD concept is expected to fuel the market in the coming years
The market for remote access software is expected to be significantly fuelled by the rising adoption of the bring your own device (BYOD) concept amongst enterprises. For instance, the concept of bringing your own device (BYOD) has gained a significant amount of traction in India over the years. According to a survey conducted by IBM India, about 42% of Indian firms had a BYOD policy in the year 2014 which increased in recent years to about 57% with more firms planning to invest in the concept of BYOD. Furthermore, the technological relationships between the countries in the region are expected to fuel the market during the forecast period. For instance, the Japan-India startup hub will provide the startup ecosystem in both economies in order to bridge the gap, strengthen the relationship and promote innovation in both economies.
The rising number of SMEs bolsters the growth of the remote access software market
By enterprise size, large enterprises account for the major share as most of the established players in the 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 the remote access software market across both small and medium enterprise segments. The demand is further being driven by the use of VPN technologies across medium-scale enterprises.
The players in the global Remote access software market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.
|Market size value in 2019||US$1.596 billion|
|Market size value in 2026||US$4.426 billion|
|Growth Rate||CAGR of 15.69% from 2019 to 2026|
|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, Inc., TeamViewer, Splashtop Inc., BeyondTrust Corporation, Zoho Corporation, Microsoft Corporation, Kaseya Limited, IDrive Inc. RemotePC™, Remote Utilities LLC|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the remote access software market size by 2026?
A1. The global remote access software market is projected to reach a market size of US$4.426 billion by 2026.
Q2. What is the size of global remote access software market?
A2. Remote Access Software Market was valued at US$1.596 billion in 2019.
Q3. What are the growth prospects for remote access software market?
A3. The remote access software market is projected to grow at a CAGR of 15.69% during the forecast period.
Q4. What factors are anticipated to drive the remote access software market growth?
A4. One of the major drivers of the remote access software market is the growing adoption of the BYOD (Bring Your Own Device) policy in various enterprises combined with an increasing number of smartphone and tablet users.
Q5. Which region holds the largest market share in the remote access software market?
A5. North America is expected to have a notable 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.