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Enterprise File Sharing and Synchronization (EFSS) Market Size, $ 10,586.5 Million by 2025 Led by On-Premises Deployment, 23.2% CAGR - Exclusive Research Report by The Insight Partners
The Insight Partners Published latest research study on "Enterprise File Sharing and Synchronization (EFSS) Market Forecast to 2025 - Global Analysis and Forecast by Solution, Services (Professional Services and Integration Services), Deployment Model (Cloud ,On-Premise and Hybrid ), End-Users (Small, Mid-Size and large Enterprise)and Industry Vertical (Healthcare & Life Sciences, Financial Services and Insurance, Telecommunication & IT, Media & Entertainment, Consumer Goods and Retail, Industrial Good and Automotive and Others) The global enterprise file sharing and synchronization market is expected to grow from US$ US$ 1,622.2 Mn in 2016 to US$ 10,586.5 Mn by 2025 at a CAGR of 23.2% between 2016 and 2025.Enterprise File Sharing and Synchronization (EFSS) solution allows individuals and organizations to share and synchronize various kinds of files across and out of the organization and allowing access to individuals, organizations and customers. North America, being a technologically advanced region along with high number of small and large enterprises is driving the enterprise file sharing and synchronization market. Europe is the second largest adopter of EFSS solutions, while APAC region with growing numbers of various organizations and increasing technological trends lags behind the above two regions. Dropbox, Microsoft, Google and Box and Citrix are among the major players operating in enterprise file sharing and synchronization market.
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Cloud deployment model expected to continue its dominance in the enterprise file sharing and synchronization market
Currently, almost 61% of the EFSS deployments are on cloud. Cloud models are most preferred by smaller and large organizations to store, manage and share efficiently the critical and sensitive files. Larger organizations also prefer cloud deployment models for their mission critical data. Lesser investments and easy integration with the systems have made the adoption of cloud deployment model more attractive among the organizations. Hence, cloud deployment model is expected to drive the growth of enterprise file sharing and synchronization market in the forecast period.
Need to improve mobility and secured mobile service to access data would serve as an opportunity for various industries to adopt EFSS solutions
Concerns regarding the privacy and security of data have been the biggest challenging factor for the growth of enterprise file sharing and synchronization market globally. Companies with mission critical data have preferred the traditional on-premise file sharing systems to manage their data. Enhanced data protection for such mission critical and sensitive data would be a differentiating factor for EFSS vendors. The hybrid and private cloud deployment models have emerged to fulfill such needs of organizations. This differentiation would serve as a huge opportunity for large organizations to adopt EFSS solutions and further strengthen the enterprise file sharing and synchronization market.
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Market initiative was observed as the most adopted strategy in global enterprise file sharing and synchronization market. Few of the recent strategies by some of the players in enterprise file sharing and synchronization market landscape are listed below-
2016: Accellion, Inc. introduced certified solutions for the Microsoft Azure marketplace in its EFSS product, kiteworks. This will add features such as high security and availability of Azure, scalability and enhanced deployment and management.
2016: Accellion, Inc. announced that it has joined Microsoft's CSPP. The alliance will enable the company to provide productivity features in kiteworks.
2016: Box, Inc. and Google, Inc. to collaborate on various initiatives to transform work in the cloud. This includes new integrations between Box, Google Springboard and Google Docs for delivering enhanced experience for collaborating and working on content in the cloud.
Global Enterprise File Sharing and Synchronization- Market Segmentation
By Application
• Enterprise Content Management Systems
• Enterprise Storage and Backup
• Enterprise Document Collaboration
• Enterprise Mobility
• Others
By Services
• Professional Services
• Integration Services
By Deployment Model
• Cloud Deployment
• On-premise Deployment
Enterprise File Sharing and Synchronization (EFSS) Market-Company Profiles
• Accellion, Inc
• Box, Inc.
• Citrix Systems, Inc.
• Dropbox, Inc
• Egnyte, Inc.
• Google, Inc.
• Microsoft Corporation
• SugarSync, Inc.
• Syncplicity LLC
• VMware, Inc.
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If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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