The global Remote Access Solution Market is estimated to be valued at US$ 20.91 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Remote access solutions allow remote access to corporate networks, enterprise applications, and other resources. The market is rapidly shifting towards cloud-based remote access as it offers benefits such as easy deployment and management, lower costs than on-premises solutions, and flexible access anytime from any location.
Market key trends:
The market is witnessing strong growth in demand for cloud-based remote access solutions as it eliminates the need for VPN clients and allows remote access through any HTML5 standards-based web browser. Leading vendors are focusing on developing cloud-managed and hosted remote access solutions integrated with Zero-Trust Network Access (ZTNA) capabilities. They enable organizations to adopt a cloud-first strategy for remote work by providing simplified management and reduced operational costs compared to legacy on-premises solutions. Growing adoption of hybrid work models is further expected to drive increased demand for secure cloud-based remote access over the forecast period.
Segment Analysis
The global remote access solution market is segmented into remote access VPN and appliance-based remote access. The remote access VPN segment currently dominates the market due to increasing adoption of bring your own device (BYOD) policy across various organizations. Remote access VPN provides secure and cost-effective connectivity to the corporate network from any device and location, which makes it a suitable choice for BYOD environment.
Key Takeaways
The Global Remote Access Solution Market Share is expected to witness high growth, exhibiting CAGR of 13% over the forecast period, due to increasing adoption of work from anywhere model across various industries.
Regional analysis
North America currently dominates the remote access solution market and is expected to retain its dominance over the forecast period. This is attributed to high proliferation of IoT technologies and early adoption of advanced technologies in countries like US and Canada. Asia Pacific is expected to exhibit the highest growth over the forecast period owing to growing workforce mobility and foreign direct investments by technology companies in developing countries of Asia Pacific.
Key players
Key players operating in the remote access solution market are Microsoft, Cisco, Juniper Networks, VMware, Citrix Systems, Pulse Secure, Array Networks, F5 Networks, Barracuda Networks, Symantec, NetScreen Technologies, Check Point Software Technologies, SSL VPN Products, Sangfor Technologies, QNO Technology, H3C Technologies, Beijing NetentSec, LeadSec, DPWORK Technologies, Tianjin Yongxin Jiesheng Technology. Microsoft is one of the leading players in remote access solution market due to its strong foothold in networking technologies and security solutions like Windows VPN.
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https://healthcarelatesteditionnews.blogspot.com/2023/12/cloud-based-is-fastest-growing-segment.html
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