The global Remote Access Solution Market is estimated to be valued at US$ 20.91 Billion in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of bring your own device (BYOD) trend is accelerating the growth of the remote access solution market. BYOD allows employees to use their personally owned devices like mobiles, laptops and tablets for achieving office tasks. This increases flexibility and mobility for employees. However, it also raises security and compliance issues for organizations as personal devices lack security measures. Remote access solutions help enterprises securely manage and monitor BYOD programs by offering single sign-on, multi-factor authentication, device enrollment and other access control features. They prevent unauthorized access to corporate networks and ensure compliance with regulatory policies. With growing popularity of flexible work culture, the BYOD trend is expected to gain further traction, thereby driving the demand for remote access solutions over the forecast period.
Segment Analysis
Remote access solutions can be segmented by type, organization size, verticals and region. By type, virtual private network (VPN) dominates the market as it is most commonly used by organizations for remote access. VPN provides secure access to private networks from anywhere using public networks like internet. By organization size, large enterprises dominate the market as they have large distributed workforce requiring remote access to various internal systems. By verticals, BFSI sector dominates as it requires employees as well as customers to access various digital platforms remotely.
Key Takeaways
The Global Remote Access Solution Market Demand is expected to witness high during the forecast period. The rapidly growing trend of remote work and need for digital transformation across industries is fueling the demand for remote access solutions. The global Remote Access Solution Market is estimated to be valued at US$ 20.91 Billion in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024-2030.
Regional analysis
North America is currently the dominant region in the remote access solution market due to rapid adoption of digital technologies across industries. Asia Pacific is expected to grow at the fastest pace due to increasing internet penetration and rising trend of remote work in countries like China, India and Japan. Countries like India and China are major contributors to the growing remote workforce in the region.
Key players
Key players operating in the remote access solution market are Gilead Sciences, ViiV Healthcare, Merck & Co., Inc., GlaxoSmithKline PLC, Bristol-Myers Squibb Company, Johnson & Johnson, AbbVie Inc., Janssen, Pharmaceuticals, Inc., Theratechnologies Inc., Shionogi & Co., Ltd. Of these, Gilead Sciences and ViiV Healthcare currently dominate the market due to their strong product portfolio and global presence across major markets.
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