Enterprise file synchronization and sharing market is expected to 26.5% in the forecast period of 2020 to 2027.Enterprise file synchronization and sharing or EFSS is referred to a software service that enables every one of the associations to safely synchronize and share archives, documents, photographs, and recordings from numerous gadgets with their individual representatives, accomplices and outside clients.
Key Players: Global Enterprise File Synchronization and Sharing Market
The renowned players in the market are Accellion, Acronis, BlackBerry, CTERA Networks, Citrix Systems, CodeLathe, Dropbox, Egnyte, Google, HighQ, IBM, Inspire-Tech Pte Ltd, Intralinks, Microsoft, MyWorkDrive By Wanpath LLC, Nextcloud GmbH, Northbridge Secure Systems Pty Ltd, OpenText, Qnext Corp., SkySync, SugarSync, Syncplicity By Axway, Thru Inc., VMware, XMedius Solutions and ownCloud among others.
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Distinctive associations and organizations utilize these innovations with the goal of preventing their representatives from PC based record sharing applications to aggregate, sharing corporate information that compass division's control and visibility. In other words, enterprise file synchronization and share (EFSS) allow users to synchronize and share files between multiple devices.
Market Segmentation: Global Enterprise File Synchronization and Sharing Market
The global enterprise file synchronization and sharing market is segmented into component, organization size, deployment type, industry vertical and geographical segments.
- Based on component, the market is segmented into standalone EFSS solution, integrated EFSS solution and services. The services can further sub segmented into professional services and managed services. Professional services can further sub segmented into consulting services, integration and deployment and training and support.
- Based on deployment mode, the market is segmented into cloud and on premises. The cloud can further be sub segmented into public cloud, private cloud and hybrid cloud.
- Based on organization size, the market is segmented into large enterprises and small and medium-sized enterprises (SMEs).
- Based on industry vertical, the market is segmented into banking, financial services, and insurance (BFSI), software and technology, government and public sector, healthcare, legal, education, retail, media and entertainment and others (telecom, energy and utilities, manufacturing, and transportation and logistics).
Competitive Analysis: Global Enterprise File Synchronization and Sharing Market
The enterprise file synchronization and sharing is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of enterprise file synchronization and sharing market for global, Europe, North America, Asia Pacific and South America.
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Market Drivers and Restraints:
- Growing digital workplace resulting in skilled and mobile workforce.
- Rising collaborations between employees and enterprises.
- Safety and security concern of organizational data.
- High cost of implementation and EFSS solutions.
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According to research report "Enterprise File Synchronization and Sharing (EFSS) Market by Component (Standalone EFSS Solution, Integrated EFSS Solution, & Services), Deployment Type (Cloud & On-Premises), Organization Size, Industry Vertical, and Region - Global Forecast to 2023", The Enterprise File Synchronization and Sharing (EFSS) market size is expected to grow from USD 3.35 Billion in 2018 to USD 10.94 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.7% during the forecast period.
With the advent of technologies and digital transformation trends, businesses focus more on workforce collaboration and productivity.
Owing to initial investments and maintenance hassles in the on-premises deployment type, businesses are rapidly switching to the cloud deployment type.The healthcare industry vertical is expected to grow at the highest CAGR during the forecast period.The healthcare industry vertical is expected to be the largest-growing industry vertical in the EFSS market.
Moreover, organizations in the healthcare industry vertical are required to adhere to Health Insurance Portability and Accountability Act (HIPAA) regulations for data sharing and storage.
The North American region is receptive toward adopting EFSS solutions within organizations to safeguard its content from piracy and data breaches, web and network threat security, cyberattacks, and severe data losses.
The Asia Pacific (APAC) region is expected to register strong growth in the coming years, as organizations in this region are expected to adopt EFSS solutions to meet their respective government regulations and the demands of dynamic mobile workforce.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=149308334Traditional and the emerging vendors in the EFSS market include Dropbox (US), Microsoft (US), Box (US), Citrix Systems (US), Syncplicity by Axway (US), Egnyte (US), BlackBerry (Canada), IBM Aspera (US), VMware (US), Google (US), Acronis International (Switzerland), OpenText (Canada), Thru.
Global Enterprise File Synchronization & Sharing Market Research Report — by component (Standalone EFSS Solution, Integrated EFSS Solution), Deployment type (Cloud, On-Premise), Organization Size (large enterprises, SMEs), Vertical — Forecast till 2023Market HighlightsEFSS is a set of software services which enable organizations to synchronize and share photos, videos, files, documents securely from various devices with workers and external partners.
The synchronization or copying capability allows files to be stored in a protected data repository.
Enterprise file-sharing products include security capabilities such as authentication, data encryption and tracking features to protect enterprise data.
Organizations mostly choose EFSS based on security capabilities, management controls, cost, and user productivity features.
The EFSS market will continue to grow due to increasing use of file sync and share services as a widely accepted mode in various verticals across organizations to improve internal productivity.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6294Key players:The prominent players in the market of enterprise file synchronization & sharing are Dropbox (US), Microsoft (US), Citrix Systems (US), BlackBerry (Canada), IBM Aspera (US), VMware (US), Google (US), OpenText (Canada), Thru.
Inc. (US), Accellion (US), among others.Other players in the market include Syncplicity (US), Egnyte (US), Acronis International (Switzerland), j2 Global (SugarSync) (US), SkySync (US), HighQ Solutions (UK), Nextcloud (Germany), ownCloud (Germany), CodeLathe (FileCloud) (US), Intralinks (US), Qnext Corp. (FileFlex) (Canada), XMedius Solutions (Canada), Inspire-Tech (Singapore/US), Northbridge Secure Systems (Australia), MyWorkDrive by Wanpath LLC (US), and CTERA Networks (Israel/US) among others.Regional AnalysisThe geographical analysis of enterprise file synchronization & sharing market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
Enterprise File Synchronization And Sharing (EFSS) Global Market Report 2021 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography.
The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.TBRC’s market report includes a chapter on the COVID-19 impact on the enterprise file synchronization and sharing (EFSS) industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it.
With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected enterprise file synchronization and sharing (EFSS) market growth numbers from 2021-2030.Request a Sample of the report:https://www.thebusinessresearchcompany.com/sample.aspx?id=5296=smpThe global enterprise file synchronization and sharing (EFSS) market is expected to grow from $4.65 billion in 2020 to $6.01 billion in 2021 at a compound annual growth rate (CAGR) of 29.3%.
The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020.
The enterprise file synchronization and sharing (EFSS) market is expected to reach $15.94 billion in 2025 at a CAGR of 27.6%.View more on the report:https://www.thebusinessresearchcompany.com/report/enterprise-file-synchronization-and-sharing-efss-global-market-reportThe Enterprise File Synchronization And Sharing (EFSS) Global Market Report 2020-30 by The Business Research Company evaluates enterprise file synchronization and sharing (EFSS) market size, growth rate, drivers, enterprise file synchronization and sharing (EFSS) industry trends, and major companies.Enterprise file synchronization and sharing (EFSS) market segments in the report are:1) By Component: Solutions, Services2) By Deployment Mode: On-Premises, Cloud3) By Application: Enterprise Content Management Systems, Enterprise Storage And Backup, Enterprise Document Collaboration, Enterprise Mobility, Others4) By End-User: IT And Telecom, Banking, Financial Services And Insurance, Retail, Manufacturing, Education, Government, OthersThe table of contents in TBRC’s enterprise file synchronization and sharing (EFSS) market report includes:1.
Future Outlook and Potential AnalysisAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Precise Market Intelligence (PMI) presents its new, comprehensive study on the global Enterprise File Synchronization and Sharing (EFSS) market spanning from 2020 to 2025.
The Researchers at PMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints.
Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research.
The report also considers production and consumption analysis, value chain analysis, key findings, important suggestions and recommendations, and other aspects.
The EFSS market size is projected to grow from USD 5.0 billion in 2020 to USD 15.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 26.0% during the forecast period.Analysts at PMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory.
Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come.
