Enterprise File Synchronization and Sharing (EFSS) Market: Market Segments: By Component (Solutions & Services); By Deployment Mode (Cloud & On-premises); By Application (Large Enterprises & SMEs); By End-user Vertical (IT & Telecom, Banking, Financial Services, and Insurance, Healthcare, Retail, Manufacturing, Education and Government); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Synchronization and sharing of enterprise data (EFSS) are a software service that allows companies to securely synchronize and exchange documents, images, videos, and files. To help workers from using consumer-based file sharing applications and software to store, access, and maintain data security, companies implement these technologies. For example, Windows, Mac OS, Linux OS are the key users of an enterprise workstation.
Enterprise File Synchronization and Sharing (EFSS) Market is expected to project a notable CAGR of 25.5% in 2030.
Enterprise File Synchronization and Sharing (EFSS) Market to surpass USD 18.21 billion by 2030 from USD 4.13 billion in 2018 at a CAGR of 25.5% throughout the forecast period, i.e., 2019-30. The key factors that have a positive effect on the growth of the global market for enterprise file synchronization and sharing (EFSS)s are segment-targeted pricing and creative marketing strategies, the rapid popularity of triple-play networks in developed countries, and an increase in mobile device penetration and low-cost mobile service demand.
Enterprise File Synchronization and Sharing (EFSS) Market: Segments
Cellular M2M category Segment to grow with the highest CAGR of 15.2% during 2019-30
Enterprise File Synchronization and Sharing (EFSS) Market is segmented by deployment mode as Cloud and On-premises. The cloud segment dominated the market with a revenue share of 61.2% in 2018 almost 61% of the EFSS deployments are on cloud. Smaller and large companies prefer cloud models to store, maintain and exchange critical and sensitive files efficiently. For their mission critical data, larger organizations often prefer cloud deployment models. The implementation of the cloud deployment model among organizations has been made more attractive by smaller investments and easy integration with the systems. In the forecast period, the cloud deployment model is therefore expected to drive the growth
of the business file sharing and synchronization market.
Enterprise File Synchronization and Sharing (EFSS) Market: Market Dynamics
Increasing Adoption of BYOD across Various Industries
Enterprise File Sharing and Synchronization (EFSS) fulfils this need with the increased demand for cloud-based integration, as well as offers a composite file sharing and synchronization enterprise and includes the growth of BYOD adoption. Such variables boost the overall market growth of enterprise file sharing and synchronization (EFSS). In addition to these growth factors, data protection issues are an element that limits the overall growth of the sector.
In addition to offering benefits to staff, partners, and consumers in many ways, the EFSS solution lets organizations access and exchange business information through multiple devices. Most EFSS solutions, however, do not meet the requirements of highly controlled enterprises for enforcement and protection. The lack of security features could result in sensitive business information being leaked.
Enterprise File Synchronization and Sharing (EFSS) Market: Regions
Enterprise File Synchronization and Sharing (EFSS) Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Enterprise File Synchronization and Sharing (EFSS) Market in North America held the largest market share of XX% in the year 2018 and is projected to remain the dominant segment over the forecast period. Due to the involvement of countries such as the United States and Canada, the region is home to major markets for managed services, skilled services, cloud, IT and telecommunications, and retail. This area has been extremely sensitive to the adoption within businesses of the latest technological developments, including mobile devices, cloud computing, and IoT. The mobile-first strategy to reshape the journey of its workers has been embraced by organizations in this area. Advanced network technology, mobile workforce expansion, advanced mobile platforms, and SaaS versatility, used by various companies, are the key growth drivers for this area. Another driving force for EFSS is the region’s demand for managed services, as more and more businesses prefer to outsource non-core features.
Enterprise File Synchronization and Sharing (EFSS) Market: Key Players
• Box, Inc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Citrix Systems, Inc.
• Dropbox Inc.
• Microsoft Corporation
• Google, Inc. (Alphabet Inc.)
• IBM Corporation
• Watchdox Inc. (BlackBerry Limited)
• VMware Inc. (Dell Technologies)
• Thru Inc.
• SugarSync Inc.
• Qnext Corp.
• Acronis Inc.
• CTERA Networks Inc
Enterprise File Synchronization and Sharing (EFSS) Market report also contains analysis on:
Enterprise File Synchronization and Sharing (EFSS) Market Segments:
By Deployment Mode:
By End User:
• Large Enterprises
• IT & Telecom
• Banking, Financial Services and Insurance
• Enterprise File Synchronization and Sharing (EFSS) Market Dynamics
• Enterprise File Synchronization and Sharing (EFSS) Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints