File Sharing Software Market Research Report Information - By Type (Client-Server, Peer to Peer), By Deployment Mode (Cloud), By End-user (Enterprises and Individual), By Vertical (Government, Healthcare, Media and Entertainment) - Global Forecast to 2027
Overview
The global FSS market is expected to have significant growth with a CAGR of 24.8% during the forecast period (2020-2027).
The market growth is attributed to the advancements in digital technology that enables the end user to share data seamlessly regardless of time and place. Major developments in the Internet of things (IoT) along with 5G technology and cloud computing offers better prospects for the file sharing software market. The file sharing software allows the employees to work from anywhere and anytime on their personal devices; this boosts employee productivity. Also, the employees are required to share a large amount of data seamlessly for working efficiently. The file sharing software offers a platform for such employees, and thus, the market is expected to grow at a significant rate.
Furthermore, cloud computing technology offers efficient sharing and synchronizing of files, images, video, and storage services. Enterprises, as well as individual users, are increasingly adopting cloud deployment to store and share files at a significant rate. Also, the adoption of bring your own device (BYOD) is also one of the fueling factors for the growth of the market. The growing concerns over data security due to third-party vendor involvement is the limiting factors for the growth of file sharing software market
COVID-19 Analysis
COVID-19 has forced several organizations to transform their workplaces and education digitally to operate effectively. Organizations that depend on advanced technologies like IoT, AI, and cloud to rethink and advance their business for the future by fast-tracking digital transformation will always be at the forefront in the competition. With lockdowns and social distancing being enforced by the government, companies that were not resistant to the concept of a distributed workforce too have been compelled to permit work from home to continue work while measures are taken to curb the spread of the deadly virus. Thus, the mobile workforce trends coupled with the growing digital workplace have led to the positive growth of the file sharing software industry.
Competitive Analysis
According to MRFR analysis, the growth of the global file sharing software market is dependent on the market conditions. The key vendors in the global file sharing software market are Google (US), Dropbox Inc. (US), Microsoft Corporation (US), Box (US), Citrix Systems, Inc. (US), ownCloud GmbH (Germany), Intralinks Holdings, Inc. (US), Huddle (UK), Tresorit (Switzerland and Hungary), Onehub (US), IBM Corporation (US), SecureDocs, Inc. (US), Open Drive (US), Droplr (US), WeTransfer (Netherlands)..
Segmental Analysis
The file sharing software market has been classified into type, deployment-mode, services, end user, and vertical.
The type segment is further divided into system native, client-server, peer-to-peer, and others. The client-server segment accounted for the largest market share in 2017, and the peer-to-peer segment is expected to be the second largest market during the forecast period. Furthermore, the deployment segment is categorized into cloud and on-premise. The cloud segment is expected to dominate the market with the highest CAGR during the forecast period.
Additionally, the end-user segment has been segmented into enterprise user and individual user. The enterprise user segment is expected to dominate in 2017, and the individual user segment was valued with the higher CAGR during the assessment period.
Furthermore, the enterprise user is globally categorized into different verticals that include BFSI, healthcare, media and entertainment, IT & telecom, government, education and research, and others.
Regional Analysis
Geographically, the file sharing software market has been categorized into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
North America is leading the file sharing software market. The market growth is attributed to the rising number of BYOD users, adoption of cloud technology, and the need for transferring and sharing data quickly. Various mergers, partnerships, and collaborations take place in the US market, making it significantly dynamic. Few instances include Dropbox Inc.’s strategic partnership with Zoom Video Communications in October 2018 and the partnership between Dropbox and Salesforce for business expansion in March 2018.
Asia-Pacific is presumed to be the fastest growing region in the file sharing software market. The market growth is attributed to a surge in the number of enterprises adopting BYOD. Furthermore, China is one of the major revenue generating countries in the Asia-Pacific file sharing software market. Although there is a penetration of foreign file sharing platform providers in the country, the local people mainly adopt the local file sharing platform to share files. The top local file sharing software includes Baidu cloud, WeChat, Wetransfer, NiHao Cloud, and Nutstore Shanghai Yicun Network Technology Co., Ltd
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File Sharing Software Market Research Report Information - By Type (Client-Server, Peer to Peer), By Deployment Mode (Cloud), By End-user (Enterprises and Individual), By Vertical (Government, Healthcare, Media and Entertainment) - Global Forecast to 2023OverviewThe global file sharing software market is expected to have significant growth with a CAGR of 24.8% during the forecast period (2018-2023).The market growth is attributed to the advancements in digital technology that enables the end user to share data seamlessly regardless of time and place.
The file sharing software allows the employees to work from anywhere and anytime on their personal devices; this boosts employee productivity.
Enterprises, as well as individual users, are increasingly adopting cloud deployment to store and share files at a significant rate.
Also, the adoption of bring your own device (BYOD) is also one of the fueling factors for the growth of the market.
The growing concerns over data security due to third-party vendor involvement is the limiting factors for the growth of file sharing software marketGet a Free Sample @ https://www.marketresearchfuture.com/sample_request/4574Competitive AnalysisAccording to MRFR analysis, the growth of the global file sharing software market is dependent on the market conditions.
The key vendors in the global file sharing software market are Google (US), Dropbox Inc. (US), Microsoft Corporation (US), Box (US), Citrix Systems, Inc. (US), ownCloud GmbH (Germany), Intralinks Holdings, Inc. (US), Huddle (UK), Tresorit (Switzerland and Hungary), Onehub (US), IBM Corporation (US), SecureDocs, Inc. (US), Open Drive (US), Droplr (US), WeTransfer (Netherlands).. Segmental AnalysisThe file sharing software market has been classified into type, deployment-mode, services, end user, and vertical.The type segment is further divided into system native, client-server, peer-to-peer, and others.
Market Overview The global file sharing market was valued at USD 4,033.0 million, and it is projected to exhibit a 26.1% CAGR during the forecast period, 2020–2026.
[In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/10342The global market for file sharing has been segmented based on deployment, type, services, end user, industry vertical, and region.
The services segment is bifurcated into professional service and managed services.
The cloud segment held the larger market share of 73.5% in 2019 and is expected to register a 26.4% CAGR by 2026.
In this type of program, the computers are itself utilized as node servers.
In this case, big files are broken down into smaller chunks before being sent, and at the receiver’s end, the chunks are reassembled while downloading.Based on deployment, the global file sharing market is divided into cloud and on-premises.
Originally Published at Troop Messenger I am sure you receive a ‘storage full’ warning once in a while unless your device is equipped with a cloud file-sharing system.Receiving these storage warnings can be frustrating, especially when you’ve important files that you cannot risk losing.
That’s where File Sharing Sites come into the picture.
With these storage systems, you can transfer large-sized files conveniently, simplify server upkeep, and easily collaborate on-the-go.
Cloud File sharing, apart from individual users, has also become a key function in Enterprise use, which explains why: 39% of cloud business data is used for file-sharing purposes.34% of uploaded data have sensitive and confidential information that includes personally identifiable information.An average company shares documents and files with over 800 different online domains.
