The Enterprise File Synchronization and Sharing Market is growing rapidly. Market growth attributes to the rising adoption of enterprise adopt synchronization & sharing (EFSS) technologies in businesses. Besides, the increasing need to protect data from consumer-based apps to store access and merge corporate data outside of the IT department foster market growth. Moreover, increasing numbers of businesses worldwide, escalate the growth of the market.
According to Market Research Future (MRFR), the global enterprise file synchronization & sharing market is expected to garner a valuation of around USD 11 BN by 2023, growing at approximately 28% CAGR throughout the forecast period (2017 to 2023). Increasing digitalization in file sharing solutions and business processes boost the growth of the market. Rising BYOD trends to improve work efficiency and reduce the company's operational expenses impact the market growth positively.
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Enterprise File Synchronization & Sharing Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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Players leading the enterprise file synchronization & sharing market include Microsoft Corporation (US), Dropbox (US), Citrix Systems (US), IBM Aspera (US), BlackBerry (Canada), VMware Inc. (US), OpenText (Canada), Google Inc. (US), Thru. Inc. (US), Egnyte (US), Syncplicity (US), Acronis International (Switzerland), SkySync (US), j2 Global (US), HighQ Solutions (UK), ownCloud (Germany), Nextcloud (Germany), CodeLathe (FileCloud) (US), Qnext Corp. (FileFlex) (Canada), Intralinks (US), XMedius Solutions (Canada), Northbridge Secure Systems (Australia), Inspire-Tech (Singapore/US), Wanpath LLC (US), CTERA Networks (Israel/US), and Accellion (US), among others.
By Component : Standalone EFSS Solution, Integrated EFSS Solution, and others.
By Deployment Type : On-Cloud and On-Premises.
By Organization Size : Large Enterprises and small & medium-sized enterprises (SMEs).
By Vertical : BFSI, Software & Technology, Government & Public Sector, Healthcare, Legal, Education, Retail, Media & Entertainment, and others.
By Regions : Europe, North America, APAC, and Rest of the World.
Europe dominates the global enterprise file synchronization & sharing market. The leading market share attributes to the continuous adoption of the latest technological advancements, such as integrating cloud and mobile technologies within traditional enterprise file sharing and synchronization solutions. Also, early adoption and constant innovation by the organizations substantiate the growth of the regional market. The European enterprise file synchronization & sharing market is projected to retain its dominance throughout the estimated period.
North America stands second in the global enterprise file synchronization & sharing market. The market is driven by the presence of several notable players and well-equipped infrastructure that allows development and early adoption of technologies. The US and Canada are the key growth contributors to the regional market. Additionally, various dynamic & diversified multinational organizations foster the growth of the regional market. The North American enterprise file synchronization & sharing market is expected to create a substantial revenue pocket during the forecast period.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table1 Global Enterprise File Synchronization & Sharing Market, By Region, 2020–2027
Table2 North America: Enterprise File Synchronization & Sharing Market, By Country, 2020–2027
Table3 Europe: Enterprise File Synchronization & Sharing Market, By Country, 2020–2027
List of Figures
FIGURE 1 Global Enterprise File Synchronization & Sharing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Enterprise File Synchronization & Sharing Market
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