The global enterprise file synchronization and sharing (EFSS) market size reached US$ 8.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2028, exhibiting a growth rate (CAGR) of 22.72% during 2023-2028.
Enterprise file synchronization and sharing (EFSS) is a software service that enables users to sync and share files like photos, documents, and videos in cloud storage or on-premises storage, and access them on other computing devices. With these software services, data can be securely synchronized and shared between employees, external clients, and partners across multiple devices. As part of EFSS services, users are able to store, review, edit, and share documents using advanced features, such as live version tracking, commenting, and workflow process management. Collaboration, communication, and content management tasks can be managed seamlessly through enterprise file-sharing tools. Consequently, small and medium enterprises are extensively adopting EFSS services to facilitate digitization, smart technology, and automation.
Enterprise File Synchronization and Sharing (EFSS) Market Trends:
The market is majorly driven by the rising concerns regarding the security and privacy of enterprise data. This can be attributed to the paradigm shift in data sharing techniques of organizations from traditional to digital processes. In addition to this, the widespread adoption of cloud computing solutions to minimize operational costs due to the increasingly competitive environment is propelling the market. The continual reduction of manual operational work profiles and the escalating number of software-based work is also leading to a higher product uptake on the global level. Moreover, a considerable rise in the number of mobile workforces and digital workplaces, along with the growing number of remote workers, are providing an impetus to the market. Furthermore, the increasing stringency of government regulations emphasizing the security aspects of corporate data is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization and industrialization, penetration of high-speed internet, the emergence of 5G network, inflating disposable income levels and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global enterprise file synchronization and sharing (EFSS)market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, organization size, application and industry vertical.
Breakup by Component:
Breakup by Deployment Type:
Breakup by Organization Size:
Small and Medium-sized Enterprise
Breakup by Application:
Enterprise Content Management System
Enterprise Storage and Backup
Enterprise Document Management
Breakup by Industry Vertical:
Telecom and IT
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accellion Inc., Acronis International GmbH, Blackberry Limited, Citrix Systems Inc., CTERA Networks, Dropbox Inc., Egnyte Inc., Google LLC (Alphabet Inc.), Microsoft Corporation, Open Text Corporation, SS&C Intralinks, Sugarsync Inc. and Thomson Reuters Corporation.
Base Year of the Analysis
Component, Deployment Type, Organization Size, Application, Industry Vertical, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Accellion Inc., Acronis International GmbH, Blackberry Limited, Citrix Systems Inc., CTERA Networks, Dropbox Inc., Egnyte Inc., Google LLC (Alphabet Inc.), Microsoft Corporation, Open Text Corporation, SS&C Intralinks, Sugarsync Inc. and Thomson Reuters Corporation.
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Key Questions Answered in This Report
The global Enterprise File Synchronization and Sharing (EFSS) market was valued at US$ 8.1 Billion in 2022.
We expect the global Enterprise File Synchronization and Sharing (EFSS) market to exhibit a CAGR of 22.72% during 2023-2028.
The rising adoption of EFSS services by small and medium enterprises to facilitate digitization, smart technology, automation, etc., is primarily driving the global Enterprise File Synchronization and Sharing (EFSS) market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of Enterprise File Synchronization and Sharing (EFSS) software, owing to the launch of various favorable policies by government bodies to emphasize on the security aspects of corporate data during the remote working scenario.
Based on the component, the global Enterprise File Synchronization and Sharing (EFSS) market has been segmented into solutions and services, where solutions currently exhibit a clear dominance in the market.
Based on the deployment type, the global Enterprise File Synchronization and Sharing (EFSS) market can be divided into cloud-based and on-premises. Currently, cloud-based accounts for the majority of the global market share.
Based on the application, the global Enterprise File Synchronization and Sharing (EFSS) market has been segregated into cloud virtualization, enterprise content management system, enterprise mobility, enterprise storage and backup, enterprise document management, and others. Among these, cloud virtualization currently exhibits clear dominance in the market.
Based on the industry vertical, the global Enterprise File Synchronization and Sharing (EFSS) market can be bifurcated into telecom and IT, BFSI, retail, manufacturing, education, government, and other. Currently, the telecom and IT industry holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global Enterprise File Synchronization and Sharing (EFSS) market include Accellion Inc., Acronis International GmbH, Blackberry Limited, Citrix Systems Inc., CTERA Networks, Dropbox Inc., Egnyte Inc., Google LLC (Alphabet Inc.), Microsoft Corporation, Open Text Corporation, SS&C Intralinks, Sugarsync Inc., and Thomson Reuters Corporation.
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