Rise in adoption of cloud computing and the push towards
digital transformation have influenced the remote working software
market. Cloud-based remote desktop solutions offer benefits such as
scalability, accessibility, and reduced IT infrastructure costs.
Organizations are migrating their systems and services to the
cloud, and remote working software that integrates well with cloud
environments provides a competitive advantage.
NEW CASTLE, Del., Sept. 17, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Remote Working Software
Market by Component (Solution and Services), Deployment Mode
(On-premise and Cloud), Type (Time and Attendance Software,
Communication and Collaboration Software, Measuring and Monitoring
Productivity Software, Project Management Software and Others),
Enterprise Size (Large Enterprises and Small and Medium
Enterprises), and End-User (BFSI, Healthcare, IT & Telecom,
Government, Manufacturing, Education and Others): Global
Opportunity Analysis and Industry Forecast, 2024-2032". According
to the report, the remote working software market was valued at
$22.5 billion in 2023 and is
estimated to reach $42.7 billion by
2032, growing at a CAGR of 7.1% from 2024 to 2032.
Prime determinants of growth
The increasing adoption of cloud computing and the push towards
digital transformation have influenced the remote working software
market. Cloud-based remote desktop solutions offer benefits such as
scalability, accessibility, and reduced IT infrastructure costs.
Organizations are migrating their systems and services to the
cloud, and remote desktop software that integrates well with cloud
environments provides a competitive advantage. With the rise in
remote work, cybersecurity and data privacy have become paramount
concerns. Remote desktop software plays a crucial role in ensuring
secure remote access to company networks and sensitive data.
Organizations are investing in remote desktop solutions that offer
strong encryption, multi-factor authentication, and other security
features to safeguard their digital assets. The increasing emphasis
on compliance with data protection regulations has further driven
the demand for secure remote desktop software.
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Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base
Year
|
2023
|
Market Size in
2023
|
$22.5
billion
|
Market Size in
2032
|
$42.7
billion
|
CAGR
|
7.1 %
|
No. of Pages in
Report
|
162
|
Segments
Covered
|
Component, Deployment,
Type, Enterprise Size, End User, and Region
|
Drivers
|
Rise in remote work
culture
|
|
Increase in adoption of
cloud-based remote desktop solutions
|
|
Massive product
penetration in small & medium-sized organizations
|
Opportunities
|
Increase in emphasis on
compliance with data protection regulations
|
Restraint
|
Data security
concerns
|
|
Network Infrastructure
limitations
|
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Figures) at:
https://www.alliedmarketresearch.com/remote-working-software-market/purchase-options
The services segment is expected to dominate the market
during the forecast period.
By component, the services segment is projected to attain the
highest CAGR from 2024 to 2032. This growth is driven by several
key factors such as increasing adoption of hybrid model works and
increased investment in IT infrastructure and support.
The cloud segment is expected to dominate the market during
the forecast period.
By deployment, the cloud segment is projected to attain the
highest CAGR from 2024 to 2032. This growth is driven by several
key factors that make cloud-based remote working solutions
increasingly attractive to businesses of all sizes.
The measuring and monitoring productivity software segment is
expected to dominate the market during the forecast period.
By type, the measuring and monitoring productivity
software segment is projected to attain the highest CAGR from
2024 to 2032, due to the increasing focus on maintaining and
enhancing employee productivity in remote work settings.
Organizations are investing in advanced analytics and monitoring
tools to gain insights into work patterns and ensure efficient
performance management.
The small medium enterprises segment is expected to dominate
the market during the forecast period.
By organization size, the small-medium enterprise segment is
projected to attain the highest CAGR from 2024 to 2032. This
anticipated growth can be attributed to several key factors that
make remote working solutions particularly appealing and necessary
for SMEs.
The IT & telecom is expected to dominate the market
during the forecast period.
By end-user, the IT & telecom segment is projected to attain
the highest CAGR from 2024 to 2032, owing to an increase in the
acceptance of cloud-based solutions as well as acceptance of the
product in the IT & telecom segment.
Asia-Pacific to maintain its
dominance by 2032
Based on region, Asia-Pacific
held the highest market share in terms of revenue in 2023,
accounting for three-fourths of the global remote working software
market revenue and is expected to rule the roost in terms of
revenue during the forecast timeframe. With the rising footprint of
work-from-home culture across the U.S. and Canada, leading players could further
investments in remote desktop software solutions.
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Major Industry Players: -
- Microsoft Corporation,
- IBM Corporation,
- Slack Technologies, LLC,
- ClickMeeting,
- Alludo,
- TeamViewer GmbH,
- eramind Inc.,
- Veriato Inc,
- Workpuls, Inc,
- Parasol Software Trading L.L.C.
- NEOGOV,
- Veriato Inc,
- Birch Grove Software, Inc
The report provides a detailed analysis of these key players in
the global remote working software market. These players have
adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive
scenario.
- In November 2023, IKEA launched
three new budget-friendly smart sensors, such as VALLHORN,
PARASOLL, and BADRING, which distinguish water spillage and motion.
These sensors are pointed toward giving clients more control and
peace of mind, empowering them to remain connected with their homes
in any event, when they are not there.
- In October 2023, Leostream, a remote work area access
seller, launched another partner program focusing on VMware MSPs.
These advancements at Citrix and VMware have created uncertainty in
the remote desktop market, giving an open door to Leostream. The
President, Karen Gondoly, referenced
in a meeting with CRN that Broadcom's securing of VMware has
ignited interest in Leostream's utilization case as an
expense-saving option in contrast to VMware's Horizon commercial
desktop. Leostream, situated in Boston, plans to profit from this valuable
chance to grow its market presence.
- In March 2022,
the U.S.-based computer software company IDrive Inc. offered
the cloud-based and on-premise remote desktop program RemotePC.
Businesses can use RemotePC to send files, manage applications
across several remote machines, and interact with customers. It
includes advanced features including role-based permissions, live
video sharing with augmented reality capabilities, multiple users,
session recording, and video conferencing.
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