Growth opportunities in the enterprise file synchronization and sharing (EFSS) market look promising over the next six years. This is mainly due to wide adoption by private, public, and government sectors to transfer the data and required documents within the organizations and the increasing demand for fast and reliable data transfer sources.
Enterprise File Synchronization and Sharing (EFSS) Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the drivers responsible for the growth of the enterprise file synchronization and sharing (EFSS) market include the surging requirement for the file sync-and-share across the corporate world to enhance collaboration, content management, and protect file sharing among employees. Also, it is widely used by the government, public, and private sectors for the transmission of data and required documents within the organizations.
The expanding digital-based SMEs and the augmenting need of influential organisations to transfer the data more swiftly and safely integrated with huge, effective, and scalable amalgamations using the mobile workforce have further strengthened the market size. For example, in accordance with the report published by the United Nations Conference on Trade and Development Report, the rapid acquisition of digital platforms in the world economy is promoting market growth. The integrated worth of all digital technology-based IT platform companies in 2017 was more than US$ 7 trillion, and few of these digital platforms have achieved the prominent market positions in certain areas. Therefore, the robust demand for the ESS services for data transfer and saving the real-time incorporated workflow with automation to enhance operational efficiency.
Moreover, the widespread outbreak of the COVID-19 pandemic is likely to fuel the demand of various corporations by assisting hundreds of millions of files and providing access to hundreds of terabytes of data from any Android device, iOS, or web browser for remote workers. However, the growing apprehension towards data theft and cyber threat, the high cost of complicated integrated systems, and network problems will hinder the market growth.
Regional Drivers
Based on the region, North America is predicted to expand at a faster CAGR over the forecast period. This is primarily because of the existence of major technological digital platform enterprises, propelling internet users, and the rapid acquisition of digitalization and automated workflow systems within small, medium enterprises and large corporations.
Enterprise File Synchronization and Sharing (EFSS) Market’s leading Manufacturers:
- Sugarsync, Inc
- Egnyte
- Google Drive
- Axway’s Syncplicity
- BlackBerry Workspaces
- Citrix Systems
- Syncplicity LLC.
- Microsoft OneDrive
- Dropbox Business
- Accellion
- Vmware
- Box
Enterprise File Synchronization and Sharing (EFSS) Market Segmentation:
Segmentation by Component:
- Integrated EFSS Solutions
- Standalone EFSS Solutions
- Others
Segmentation by Offering:
- Services
- Solutions
Segmentation by Deployment Model:
- On Premise based
- Cloud Based
- Private cloud
- Public cloud
- Hybrid cloud
Segmentation by Application:
- Enterprise Mobility
- Enterprise Storage and Backup
- Enterprise Document Management
- Enterprise Content Management System
- Secure Authentication and Granular Remote Access
- Others
Segmentation by End-Users:
- Software and Technology
- Banking, Financial Services, and Insurance (BFSI)
- Government and Public Sector
- Healthcare
- Education
- Retail
- Media & Entertainment
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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