The Covid-19 pandemic has had a massive impact on businesses worldwide. Most organizations are preferring remote work while some businesses went into a complete shutdown. Moreover, educational institutions are also implementing remote desktop solutions to remotely impart education to their students. The remote desktop software market is on the rise in this deplorable situation.
TeamViewer Group, a remote desktop software solution, stated that they had felt 75% growth of its software tool in the first quarter of 2020, owing to the drastic shift towards work-from-home practices.
In this blog post, we will delve into the information on leading growth drivers, trends, challenges, restraints, and opportunities to provide a complete analysis of the remote desktop tools market across the globe.
The Impact of Covid-19 on Remote Desktop Software
Covid-19 is bringing the entire economic sector across the globe to a standstill. Not only human lives are in danger but also the business community.
According to World Health Organization (WHO), the Covid-19 pandemic is mostly spread through the transmission of respiratory droplets. To prevent this risk, healthcare organizations suggest social distancing. Needless to say, social distancing can limit the spread of coronavirus.
The security analysts spelled out that the network traffic to the remote desktop software category was normal before the pandemic. Presently, the network traffic is being increased beyond the normal level because more and more people and businesses are moving towards remote work.
Covid-19 has forced individuals and organizations to purchase remote desktop software tools to ensure business continuity even during this viral disease. To support their remote users, businesses are looking for remote desktop solutions. A report from TrustRadius states that 54% of technology buyers are now working from home all of the time. However, 18% of them work from home most of the time. The buyers who work from the office all of the time are smaller in number (only 7%). The following screenshot illustrates a graphical representation of this report.
Source: Trust Radius
Since the inception of the coronavirus, the demand for remote desktop service software is accelerating. Undoubtedly, remote desktop tools were being used across the globe even before the pandemic. But, the need for this remarkable technology has been increased significantly over the past couple of months. According to the TrustRadius survey, more than 50% of organizations are expecting to beef up their spending on remote desktop software. Businesses are mostly interested in buying web conferencing, collaboration, security, remote desktop, LMS software, telemedicine, time tracking, and even others (see the screenshot below).
Source: Trust Radius
Gallup’s research demonstrated that one (1) out of four (4) Americans were working remotely 100 percent of the time. This percentage clearly shows the importance of remote desktop software that provides connectivity among remote users and organizations.
Another research from Fortune Business Insights shows the drastic growth of the remote desktop software market in North America due to the coronavirus pandemic (see the screenshot below).
The pandemic is forcing workers to stay home. There will be no return to offices until the lethal disease will decline significantly. Another study published by The Hustle showed that some of the remote users were willing to return to their offices. Look at the following screenshot for more details.
No sooner the people return to offices than there will be a slight decline in the use of remote desktop software. Currently, the demand for these essential tools is very high. Whether they are educational institutions, the business community, or governments, everyone prefers working from home to comply with social distancing rules. However, the healthcare industry is an exception because of necessary on-site medications.
Despite the pandemic, some employees want to return to their workplaces. People at home are struggling with childcare and there are increased familial duties. More importantly, many employees are also blaming salary reduction due to scarcity of work. They want to recoup their lost income from cut hours or furloughs. As soon as the people will resume their on-site duties, there will be less burden on the internet traffic and so the remote desktop software.
According to Pew Research Center, the majority of people in the United States who lost their wages or jobs due to coronavirus were concerned with governments and demanded reopening the of businesses as soon as possible. It is important to note that remote work and on-site work have a great impact on the sale of remote desktop services software. The former will boost the sale while the latter will decline the sale of these tools.
Why Do You Need a Remote Desktop Software?
The remote desktop software allows business employees to work remotely, either from home or from any distant location. Moreover, the remote desktop software enables device maintenance, business continuity, robust security, reduced device downtime, and employee productivity.
What Are Potential Remedies?
The WHO warned that people must stay at home and connect with family and friends through a call, SMS, or video chat. They can also use remote desktop tools.
Educational institutions are recommended to use remote work services during the pandemic. Online classes should be conducted using remote desktop programs.
Capitalizing on the element of fear, the threat actors are opening the floodgates of cybersecurity threats and attacks. To foil the attempts of cyber pests, make sure your antivirus services are up to date and patched properly.
The Bottom Line (Conclusion)
Business growth has been badly affected since the break out of the Covid-19 pandemic, pushing the world economy towards a sudden stalemate. Contrarily, the remote desktop software market is boosted due to the high need for remote connectivity. The remote desktop software services market worldwide was $1.53 billion in 2019 and was projected to reach $4.69 billion by 2027, exhibiting a CAGR of 15.1% during the time of forecast.
Governments, states, and international health organizations (including the WHO), asking people to stay home and adhere to social distancing measures. Businesses and educational institutions are recommended to offer remote work to their employees. Therefore, the need for remote desktop software tools is indispensable to provide work-from-home facilities.