By Deployment Mode (On Premises, Cloud)
The cloud is anticipated to gain the largest revenue share of about 52% through 2036. The adoption of remote working culture has increased the demand for cloud storage services, software as a service and online communication methods, playing a key role in driving the remote access solution market’s growth in this segment. 82% of workers say they prefer to work from home. Of the workforce, 42% prefers a more hybrid work arrangement, while 45% would like to go to a 100% remote work schedule.
The segment is set to witness gains on account of security concerns, cloud based remote access solutions are in more demand as many applications require access of the client on the user’s machine and installation of software. For instance, Google Cloud Services released a report in 2024 which states that PMY Technology and Google Cloud announced partnership where Google Cloud will serve as technology partner for PMY Group to reconstruct services for sports and events with generative AI.
By End User ( BFSI, Government , Manufacturing)
The BFSI segment in the remote access solution market is slated to gain the lucrative share of about 45% from 2024 to 2036. Revenue share is driven by increasing demand for automation in banks & financial institutions in order to digitize business processes and turn them around more quickly. Additionally, millions of users are rapidly adopting remote and mobile access as basic requirement that is projected to drive up demand for bank digitization.
Increasing demand for satisfactory customer experience in banks has made remote access solutions as basic requirement. By 2028, the global industry for mobile banking is expected to regenerate revenue from USD 692.5 million in 2021 to USD 1.3 billion.
Our in-depth analysis of the remote access solution market includes the following segments:
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Author Credits: Abhishek Verma
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