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Remote Work Security Market worth $136.0 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Oct. 9, 2023 /PRNewswire/ — As work dynamics change, there will be an increased reliance on AI and automation, emerging threats, improved security measures, and a sustained focus on securing remote work settings. Organisations will be able to maintain a solid security posture in the environment of remote work thanks to these improvements.

The Remote Work Security Market is expected to reach USD 136.0 billion by 2028 from USD  51.7 billion in 2023, at a CAGR of 21.3 % during 2023–2028, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Remote Work Security Market”
250 – Tables 50 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Value (USD) Million/Billion
Segments Covered
By Offering security type, remote work model, vertical, and region
Region covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
The major players in the Remote Work Security Market are Cisco (US), VMware (US), Palo Alto Networks (US), Check Point (Israel), Fortinet (US), Microsoft (US), IBM (US), Trend Micro (Japan), Broadcom (US), Cloudflare (US), Sophos (UK), ZScaler (US), Citrix (US), CyberArk (US), Crowdstrike (US), Forcepoint (US), Proofpoint (US), ESET (Slovakia), Seclore (US)
 
The adoption of remote work has experienced a remarkable surge in recent years, driven by advancements in technology and the global impact of the COVID-19 pandemic. Organizations of all sizes have embraced this paradigm shift, solidifying its widespread acceptance during the crisis. According to Citrix’s 2022 report, ‘The State of Security in a hybrid work environment,’ 52% of security decision-makers foresee a future where most of the workforce would either be permanently remote or adopt a hybrid work model. Moreover, the advantages of remote work are numerous, offering increased flexibility, cost savings, and access to a global talent pool. Employees appreciate the improved work-life balance and reduced commuting stress, as highlighted by the survey conducted by GitLab in 2022. The study found that 80% of employees experienced reduced job-related stress when working remotely.
Additionally, remote work has contributed to decreased sick leave days (50%) and fewer absences (56%) among remote employees. As a result, the long-term impact of remote work on traditional workspaces is undeniable, fostering a more connected and agile workforce that transcends geographical boundaries. Organizations are embracing this new normal, recognizing the potential for enhanced productivity and employee well-being.
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The network security registers the highest market size in the Remote Work Security Market during the forecast period.
Network security is a fundamental component of remote work security, primarily concerned with safeguarding the communication channels and data transfers between remote employees and an organization’s network infrastructure. Network security becomes paramount in remote work scenarios, where employees access corporate resources from various locations, including home and public networks. It involves using Virtual Private Networks (VPNs) to encrypt data on public networks, firewalls for traffic monitoring and filtering, and Intrusion Detection and Prevention Systems (IDS/IPS) for real-time threat detection and prevention. Network security in remote work environments fortifies the connections and data flows between remote employees and the organization’s network. This ensures that data privacy, integrity, and confidentiality are upheld, even in remote work’s dynamic and dispersed landscape.
The retail & e-commerce segment is projected to register the highest CAGR during the forecast period.
Retail and e-commerce companies handle sensitive information, including customer payment details, personal data, and proprietary business strategies. Therefore, ensuring the security of this data is paramount. Remote work security measures in this sector encompass various aspects. Firstly, organizations must secure remote access to their systems and networks to prevent unauthorized entry and data breaches. Robust authentication methods and secure VPNs are standard tools used for this purpose. Data encryption is crucial to protect sensitive customer information and payment transactions. Encryption ensures that even if data is intercepted, it remains unintelligible to unauthorized parties. Moreover, businesses in this sector must adhere to stringent compliance standards, such as PCI DSS (Payment Card Industry Data Security Standard), which sets guidelines for securing payment card data. Non-compliance can lead to severe financial penalties and damage to brand reputation.
Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
The Asia Pacific countries are highly concerned about increased security spending due to the ever-growing threat landscape. The region comprises emerging economies like China, Japan, and India. With effective government regulations and technological advancements, remote work security is witnessing high growth opportunities in this region. The Asia Pacific Remote Work Security Market is experiencing substantial growth, primarily driven by the increasing acceptance of remote work, cloud adoption, and the imperative for enhanced security in remote work environments. The COVID-19 pandemic necessitated rapid remote work adoption and prompted significant investments in security control systems to protect remote employees. While the pandemic was pivotal in driving the Remote Work Security Market, a surge in highly sophisticated cyberattacks targeting critical infrastructure and government entities has further compelled regional organizations to bolster their investments in remote work security technologies.
Top Key Companies in Remote Work Security Market:
 The report profiles key players such as Cisco (US), VMware (US), Palo Alto Networks (US), Check Point (Israel), Fortinet (US), Microsoft (US), IBM (US), Trend Micro (Japan), Broadcom (US), Cloudflare (US), Sophos (UK), ZScaler (US), Citrix (US), CyberArk (US), Crowdstrike (US), Forcepoint (US), Proofpoint (US), ESET (Slovakia), Seclore (US).
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Recent Developments:
In April 2023, VMware and Lookout partnered to offer a secure access service edge (SASE) solution, integrating the Lookout Cloud Security Platform with VMware SD-WAN. The partnership ensures optimized network connectivity, data protection, and enhanced visibility for cloud-first enterprises, providing reliable and secure remote access to applications from any device and location.In April 2023, Palo Alto Networks and Accenture joined forces to offer AI-powered Prisma SASE solutions, enhancing cyber resilience and enabling secure access control for organizations amidst the complexities of remote work and multi-cloud environments.In July 2022, Cisco and Ricoh formed a strategic partnership, offering Secure Remote Access Solutions, combining network security and Auto VPN elements, to enhance hybrid working and IoT support services in Hong Kong. The collaboration provides comprehensive smart office solutions for businesses.Remote Work Security Market Advantages:
Solutions for remote work security shield confidential company information and intangible assets from unauthorised access, data breaches, and cyberattacks.Secure access to corporate networks, apps, and resources is available to remote workers, enhancing productivity and lowering security concerns.Endpoint protection is a component of remote work security solutions that guards against malware, ransomware, and other threats on gadgets like laptops and mobile devices.IAM solutions guard against unauthorised access by ensuring that only authorised users can access corporate systems and resources.By demanding several forms of authentication, MFA adds an extra layer of security and lowers the chance of unauthorised access even if login credentials are stolen.For distant employees to connect to company networks securely, virtual private networks (VPNs) build tunnels that encrypt data in transit.Employee education about cybersecurity best practises is a common component of remote work security solutions, lowering the chance of humanEDR tools improve overall security by keeping an eye out for unusual activity on endpoints and quickly responding to attacks.Through the use of encrypted communication tools, remote work security solutions enable secure cooperation while safeguarding private communications and files.Report Objectives
To determine and forecast the global Remote Work Security Market by offering (solution and service), security type, remote work model, vertical, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors affecting market growth.To forecast the size of the market segments concerning five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Remote Work Security Market.To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Remote Work Security Market.To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Remote Work Security Market.To profile the key market players; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.Track and analyze competitive developments in the market, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.Browse Adjacent Market: Information Security Market Research Reports & Consulting
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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TECNO Pocket Go Wins Global Product Technology Innovation Award 2024 at IFA 2024

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BERLIN, Sept. 7, 2024 /PRNewswire/ — One of the largest consumer electronics exhibitions in the world, the 2024 IFA Berlin International Consumer Electronics Show, officially kicks off today in Berlin. During the event, the highly anticipated Global Product Technical Innovation Award 2024 was announced, with TECNO Pocket Go winning the prestigious AR Immersive PC Gaming Experience Innovation Gold Award. This recognition highlights the brilliance of Chinese brand on the global stage.

TECNO is dedicated to innovation from the user’s perspective, continuously developing products and applications that enhance user experience. Since 2019, TECNO has expanded its AIoT ecosystem, leveraging its mobile technology to introduce innovative smart wearables, business laptops, and other groundbreaking products, all aimed at providing users with a more intelligent TECNO ecosystem experience.
As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies. TECNO offers a wide range of AIoT products covering smart wearables, laptops, tablets and smart home products.
Guided by its brand essence of “Stop At Nothing”, TECNO is committed to unlocking the best and newest technologies for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures.
The “Global Product Technology Innovation Award” is a grand international selection of global consumer electronics brands. Launched globally every year, it is also one of the most professional and authoritative international exchange, display and cooperation platforms in IFA in the same year to conduct comprehensive review and evaluation of the global consumer electronics industry for the whole year.
TECNO Pocket Go, redefines gaming on the go
TECNO Pocket Go creates a “new gaming paradise” in handheld PC form in AR industry. By seamlessly integrating with the Windows gaming ecosystem and utilizing advanced head tracking technology, it brings an unparalleled 6D immersive experience to users. Featuring a top-tier AMD® Ryzen™ 7 8840HS gaming processor and a laptop level cooling system by rebuilt the structure to compact size with 50% smaller size and 30% lighter weight. Just easy to carry as a smartphone.  
Smaller in your palm, Master in your vision
The AR Pocket Vision features a 0.71-inch Micro-OLED screen that delivers the equivalent of a 215-inch TV experience from 6 meters away, surpassing industry standards. Gamers will enjoy a cinematic-level viewing experience, with customizable adjustments for up to 600° diopters to ensure eye comfort. It also safeguards your privacy, enabling you to play anywhere.
Dominant Flagship Gaming CPU, lead Performance Ahead
Powered by the AMD® Ryzen™ 7 8840HS gaming processor, the Pocket Go handheld offers exceptional speed and seamless multitasking with 8 cores, 16 threads, and turbo speeds up to 5.1 GHz. Its PC-level cooling system, featuring a large fan and three copper pipes, ensures optimal performance at 35W. Combined with a 50Wh replaceable battery, it guarantees long-lasting gaming sessions without interruptions.
 “VisionTrack” experiences, games come alive
The Pocket Go combo delivers an immersive experience for your eyes and hands. The AR Pocket Vision features a six-axis gyroscope and AI algorithms for precise head tracking, enhancing real-time data collection during gameplay. With N’BASS® acoustic materials and a proprietary vibration algorithm, it translates in-game sounds into nuanced vibrations via handheld while the Hall Effect Joysticks and Triggers provide precise control, elevating your gaming experience with rich visual and tactile sensations.
With TECNO Pocket Go, users can enjoy a futuristic gaming experience, and seamlessly connecting to TECNO’s products in a new forms of AR experiences.
 

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Experience the Future of Smart Living with Hisense at IFA 2024

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QINGDAO, China, Sept. 7, 2024 /PRNewswire/ — Hisense, a global leader in home appliances and consumer electronics, unveiled its innovative smart home solutions at IFA 2024. Based on the theme “The Scenario-driven Future of Tech,” Hisense showcased its latest smart home appliances and the ConnectLife app, designed to seamlessly connect appliances and real-life scenarios to redefine how users interact with their homes.

Focused on enhancing the user experience, Hisense’s booth at IFA 2024 brings to life three smart scenarios and products that aim to make the future of smart living more intuitive and accessible: Smart Laundry, Smart Kitchen and Smart Air Care.
Each experience is developed through Hisense’s scenario-driven research and development approach that prioritizes real user needs:
Smart Laundry simplifies garment care with automated adjusting and remote monitoring.Smart Kitchen streamlines cooking with connected appliances that personalize meal prep.Smart Air Care ensures a healthier living environment by intelligently adjusting air quality.To bring the smart living scenarios to life, Hisense has introduced a range of innovative products that integrate seamlessly with the ConnectLife app.
The Hisense Refrigerator PureFlat Smart Series exemplifies the premium smart kitchen experience enabled by ConnectLife. Equipped with a 21-inch TFT touchscreen, this refrigerator offers a wealth of features. The AI Recipe feature leverages food inventory tracking to suggest personalized recipes based on available ingredients and their expiration dates. Serving as a home appliance control center, the ConnectLife Hub refrigerator allows you to adjust temperature settings remotely through the ConnectLife app. Additionally, its AI Eco feature enables you to activate energy-saving mode on your device with a simple touch. With dual-tech cooling system, a My Fresh Choice compartment, and an on-door ice and water dispenser, this refrigerator delivers efficient temperature control, flexible storage options, and convenient access to cold beverages.
The Hisense Series 7i washing machines offer a superior laundry experience with a suite of smart features. The iPlay™ Intelligent Display provides a user-friendly interface, while the iJet™ three-channel spray system ensures a thorough wash. The compact iFit™ feature allows for easy integration into cabinets, optimizing space. AI-powered capabilities enhance performance with AI Super Wash, which intelligently adjusts washing parameters based on load weight, material type, water level, hardness, and turbidity. The AI Super Dry program in the Series 7i tumble dryer delivers precise drying with 3D Humidity Sensor for accurate moisture detection.
The Hisense’s Hi8 Series Oven offers a range of cooking functions, including air-frying, fast preheating, and pizza mode. Its large capacity and cool-touch doors make it easy to cook with and also clean. The VisonPlus Screen provides a user-friendly interface for exploring cooking programs and settings. Cleaning is made simple with features including Steam Clean Pro, Pyrolytic Self Clean, and Removable Door&Glass. The Hisense Hi 9 Series Oven is a premium model that offers advanced features such as AI-powered InCamera Technology for intelligent baking, Auto Door Opening & Auto Lock. Its larger TFT screen provides a user-friendly interface for exploring over 140 pre-programmed recipes and cooking settings. With ConnectLife integration, the Hi 9 delivers a convenient and efficient cooking experience.
Hisense Energy Pro X air conditioners offer efficient cooling and heating with advanced, energy-saving features. The AI Smart Airflow adjusts airflow direction based on your position and needs, ensuring optimal comfort. HI-NANO technology enhances air quality by releasing high-concentration ions to eliminate 92.6% of H1N1, 88.54% of E. coli, and 60.07% of PM2.5 in two hours. The TMS Control System intelligently adjusts temperature and humidity by analyzing various indoor conditions, providing a tailored and comfortable environment.
Beyond residential air conditioning, Hisense Hi-Therma ATW heat pump is another popular option for room heating, especially in Europe. Renowned for their outstanding performance and eco-friendly features, Hisense Hi-Therma II R290 ATW boasts an A+++ energy efficiency rating, stable operation at temperatures as low as -25°C, and maximum water outlet temperature of 65°C, with the flexibility to control up to 7 independent rooms. Moreover, the first-generation Hi-Therma Split (R32) finished the rigorous winter test conducted by Germany’s VDE and obtained the No. 001 certification in the extremely cold city of Mohe, China.
About Hisense
Hisense is a leading global home appliance and consumer electronics brand and official partner of the UEFA EURO 2024™. According to Omdia, Hisense ranked No. 2 globally for TV shipments and No. 1 in 100″ TVs in both 2023 and Q1 2024. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.

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Changhong’s Innovative Technologies Take Center Stage at IFA 2024, Marking New Milestones in Global Growth

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BERLIN, Sept. 7, 2024 /PRNewswire/ — At IFA 2024, which opened on September 6, Changhong, a leading force in China’s home appliance industry, introduced its entire suite of AI-driven appliances. The presentation not only showcased Changhong’s recent achievements in AI technology but also marked a significant step toward expanding its influence in global markets.

Leading the charge in global innovation
On the event’s first day, Changhong unveiled its first Canghai Intelligent Agent AI TV, and the industry-leading Changhong AI Large Model specifically engineered for white goods. 
The new AI TV can engage in voice conversations with users, think independently, and adapt through continuous learning. Utilizing its advanced technologies and complex multi-channel algorithms, Changhong has significantly improved the precision of voice recognition and activation. 
The Changhong AI Large Model can be seamlessly embedded into household devices like refrigerators, washing machines, dryers, and air conditioners, enhancing accuracy and efficiency. For instance, it tailors refrigerator cooling to specific foods, adjusts washing machine and dryer settings by fabric types, and optimizes air conditioner settings for energy use and comfort. Through these integrations, Changhong elevates everyday interactions with home appliances.
Demonstrating brand strength with multiple awards 
During the recent exhibition, the spotlight was on the Global Product Technology Innovation Awards where the Changhong CHiQ Xingbo Series clinched the Extraordinary Audio-Visual Experiences Gold Award. The recognition was for its superior technical performance, illustrating Changhong’s expertise in enhancing consumer experiences. Additionally, Changhong’s premium brand, CHiQ, was honored with the Smart Home Appliance Brand Award.
The event also saw CHiQ receiving the Organizational Greenhouse Gas Verification Statement from TÜV SÜD, along with the Product Carbon Footprint Verification Statement for CHiQ’s refrigerators and washing machines. These accolades highlight Changhong’s commitment to eco-friendly practices, pioneering sustainable household applications, and a robust green industrial chain.
Exemplifying international vision through sports marketing
During the event, CHiQ marked a significant moment in sports marketing with a signing ceremony for skiing projects. The brand announced its continued partnership with the FIS World Cup Events and the German Ski Association. Adding to the excitement, two-time Olympic skiing champion Andreas Wellinger was named the brand’s new ambassador, opening a new chapter in CHiQ’s marketing efforts.
James Wu, General Manager of Changhong International Brand Business Center, highlighted that renewing these projects is crucial for global expansion. The brand aims to strengthen its presence in Europe and key markets, leveraging collaborations to enhance CHiQ’s appeal and promote skiing worldwide.
Accelerating performance milestones to strengthen global footprint
Amid global market challenges, Changhong has shown resilience by integrating AI with consumer aspirations, offering innovative, advanced, and functional products. From January to July 2024, Changhong’s overseas home appliance revenue surged over 23% year-on-year, achieving performance milestones in TV, refrigerators, washing machines, and air conditioning lines.
In recent years, Changhong has accelerated its global expansion, focusing on delivering superior products and services. Committed to innovation, sustainability, and inclusiveness, the company plans to intensify R&D investments to realize an intelligent lifestyle for every household.

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