Rising globalization, technological advancement, and surge in bring your own devices trend is driving the market for remote connectivity solution.
The global Remote Connectivity Solution market is forecast to reach USD 71.85 Billion by 2027, according to a new report by Reports and Data. The primary driver of the remote access market is the growing trend of BYOD or Bring Your Own Devices. The adoption of this trend in various enterprises, coupled with the increase in the number of tablets and smartphone users, has fueled the market growth.
The need for real-time computing and the increase in the demand for the connected devices have augmented market demand. However, certain factors, such as lack of even communication principles and the interfaces of other electromagnetic sources, is hampering the market growth. The developed regions provide more opportunities for growth as compared to the developing region owing to the growing application of IoT in the region. The U.S. and Canada are among the most advanced countries and are quick to adopt new technologies hence driving the demand for the market.
In September 2017, Qualcomm Technologies and Nokia collaborated for an over-the-air field trials and interoperability testing based on the 5G New Radio (NR) Release-15 specifications being developed by 3GPP. Both the companies aim to make mobile 5G a commercial reality based on standard-compliant 5G NR infrastructure and devices
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Key participants include Juniper Networks, Cisco Systems, Inc., Vmware, Inc., Citrix Systems, Inc., Fortinet, Sophos Ltd., Palo Alto Networks, Inc., Brocade Communication Systems, Inc., Symantec Corporation, and Netscreen Technologies, Inc. among others.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global Remote Connectivity Solution market on the basis of component, technology, organization size, industry vertical, and region:
Component Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
Organization Size Outlook (Revenue, USD Billion; 2017-2027)
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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