Market Research Future (MRFR) confirms that the remote access management market 2020 can achieve an approx. valuation of USD 47 Billion by 2023-end. The market is also on track to expand at a rate of 11% between 2017 and 2023, which is the assessment period.
Top Drivers and Main Barriers
Remote access refers to the facility given to the authorized individual to access a server or a network via a network connection from anywhere. It helps users connect to any system without the need to be physically present in the proximity of the system. This has been a great tool for employees that are employed in branch offices and are constantly traveling or commuting. Remote access management console is used to configure the remote access components, in addition to monitoring and reporting.
Notable growth boosters in the remote access management market include the expanding size of the workforce worldwide and the mounting need for flexibility to function from any location at any time. Its high demand is the result of its easy to use and flexible properties and the cost effective licensing it offers to the user. Additionally, remote access manager offers a number of benefits to enterprises, as it enhances the productivity, security and helps facilitate infrastructure management.
The surge in the worldwide reach of solopreneurs along with the expanding team work within multinational companies promotes the growth of the remote access management market. An increasing number of industry leaders are striving to find new ways to address the favorable aspects of the market, while taking care of the security concerns of the end-users. For example, TeamViewer, a renowned contender in the remote access management market, recently developed an integrated enterprise connectivity solution called Teamviewer Tensor. It is an advanced enterprise SaaS platform that facilitates safe remote access, control, collaboration as well as support.
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Organization size, access models and end-user verticals are the primary segments based on which the market study has been conducted in the report.
The organization sizes included in the study are small and medium enterprises (SMEs) as well as large enterprises.
The types of access modes in the market are SSL VPN, direct access and IPSEC VPN.
End-use verticals outlined are BFSI, Telecommunication, IT, and more.
With respect to region, the remote access management market has been considered for North America, Asia Pacific or APAC, Europe, and rest of the world or RoW.
North America has the highest growth potential and can soon clinch the leading spot in the global market. High concentration of distinguished solution providers of remote access management software is instrumental in the market growth. The well-developed IT infrastructure along with the high enthusiasm among companies to adopt the latest technologies also drives the market expansion in the region. Since the COVID-19 outbreak, the network security market has been growing rapidly in the region, showing great resilience despite the economic turbulence. The surge in remote working policy across organizations during the lockdown situation has boosted the use of remote network technologies in the region, thereby favoring the regional market.
The APAC market for remote access management can procure the swiftest CAGR over the evaluation period, in conjunction with the rising number of large enterprises in addition to the small & medium-sized businesses. A majority of these enterprises are increasingly availing remote access management solutions to efficiently cater to all the customer demands. The increasing proliferation of Internet of Things (IoT) and Bring Your Own Devices (BYOD) also induces substantial market growth in the region.
NetScreen Technologies Inc. (US), Symantec Corporation (US), Fortinet (US), Sophos Ltd. (UK), Brocade Communication Systems Inc. (US), Palo Alto Networks Inc. (US), Cisco Systems Inc. (US), Juniper Networks (US), Citrix Systems Inc. (US), VMware Inc. (US), are the renowned companies operating in the market for remote access management, reports MRFR.
Uniken Launches New Solution to Facilitate Work from Home During COVID-19
Uniken has released RED-ID, which is a Work From Home network, based on remote access management. It is a secure solution that makes use of device identity as well as user verification to provide access to apps.
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Remote Access Management Market, By Component (Software, Service), By Technology (IPsec VPN, SSL VPN, Direct Access), Organization Size (SMEs and Large Enterprises) and By Vertical (BFSI, Healthcare, Travel and Government) - Forecast 2027
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