Enterprise File Synchronization and Sharing Market size, share & Report Forecast

 

The Enterprise File Synchronization and Sharing Market is projected to reach USD 26,220 million by 2027, growing at a CAGR of 27.9% over the forecast period (2020-2027).

The factors driving growth of the Enterprise File Synchronization and Sharing Market includes increase in the number of digital workplaces, emerging trend of Bring Your Own Device (BYOD), rising focus of organizations on reducing operational costs, growing demand for content and information security and improvements in the living standards. Enterprise file synchronization and sharing (EFSS) services provides live document version tracking, commenting, and provides integrated solutions for employees to handle collaboration and content management related tasks, are some of the features pushing the market growth. Moreover, increasing adoption of (EFSS) by Private and Government organizations to transfer data and required documents within organization, rising emphasis on protecting corporate data and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic mergers and collaborations between enterprises and growing disposable incomes, are further contributing towards the market growth.

However, growth of the Enterprise File Synchronization and Sharing Market is hindered due to high cost of integrated systems.

The leading players operating in the market are Dropbox Business, Google Drive, Microsoft OneDrive, Citrix Systems, Vmware, BlackBerry Workspaces, Egnyte, Syncplicity LLC., Sugarsync, Inc, Accellion, Axway’s Syncplicity, and Box, among others.

Based on Deployment Model, the Cloud-based segment is predicted to dominate the market during the forecast period

Growing adoption of cloud-based deployment EFSS solutions to reduce hardware costs, is pushing segment’s growth.

Based on Application, the Enterprise Storage and Backup segment is projected to lead the market over the forecast period

As per the Enterprise File Synchronization and Sharing Market Forecast, EFSS solutions offers secured authentication protocols, and authorization policies related to device lock and white/blacklistings, are propelling growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

According to the Enterprise File Synchronization and Sharing Market Research, presence of the leading players such as Google Drive, Microsoft OneDrive, and Dropbox Business, rise in the number of internet users and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Key Developments

• In 2020, Dropbox launched new features for home based and remote users. The features include Mass deletions, mass data moves, sensitive content shared externally, malware shared from outside your team, Passwords, document vault, malware shared within team, too many failed sign-in attempts and sign-in from a high-risk country.
• In 2020, Panzura developed Mobile 3.5 solution for remote enterprise workers. It provides advanced security and IP protection along with the Real-Time Access by using panzura’s global cloud file system from any device for large enterprises.
• In 2017, CodeLathe, introduced new software as a service that brings file sharing, sync, endpoint backup and enterprise search all into one service. It helps to consolidate all file sharing, sync, and backup needs into one solution platform.

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

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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