Enterprise File Synchronization and Sharing (EFSS) Market Size, Share, Leading Players, Growth Factors Analysis

The global Enterprise File Synchronization and Sharing (EFSS) Market is projected to grow from USD 9.4 billion in 2023 to USD 35.5 billion by 2028, at a CAGR of 30.4% during the forecast period. The exponential growth of data volumes generated by organizations has created a need for EFSS solutions that can efficiently manage and organize large datasets while ensuring accessibility and security.

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149308334

File Storage & Backup Segment to hold the largest market size during the forecast period.

File backup and storage are critical functionalities that enable organizations to securely store and protect their data while ensuring easy access and collaboration. These solutions leverage cloud computing to provide scalable, cost-effective storage options with high availability and reliability. For instance, EFSS solution that offers robust file backup and storage capabilities is Dropbox Business. Dropbox Business provides users with the ability to sync and store files across devices while offering features like version history and file recovery, which are essential for backup purposes

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=149308334

BFSI Segment to hold the largest market size during the forecast period.

Enterprise File Sync and Share (EFSS) solutions have gained significant traction in the Banking, Financial Services, and Insurance (BFSI) sector due to the sector's stringent data security and compliance requirements, as well as the need for seamless collaboration among employees, partners, and clients. EFSS solution provides a secure environment for sharing sensitive financial documents, reports, and customer information both internally and externally with partners and clients.

Asia Pacific to exhibit the highest CAGR during the forecast period.

The Asia Pacific region showcases robust and progressive adoption of new technologies, poised to achieve the highest CAGR in the forecasted period. Key countries such as China, India, Japan, and other Asia Pacific countries contribute significantly to advancing EFSS solutions. Enterprise file sync and sharing (EFSS) solutions are increasingly popular in the Asia Pacific region due to the growing need for efficient collaboration, data security, and mobility in the workplace. As businesses in APAC undergo digital transformation, EFSS has become essential for managing and sharing files across teams, devices, and locations.

Get More Info - https://www.marketsandmarkets.com/Market-Reports/enterprise-file-sharing-and-synchronization-market-149308334.html

Key Player

Major vendors in the global EFSS market are Box (US), Citrix Systems (US), Dropbox (US), Microsoft (US), Google (US), Thomson Reuters (Canada), IBM (US), Blackberry (Canada), OpenText (Canada), VMware (US), Acronis (Switzerland), Thru (US), Accellion (US), Syncplicity by Axway (US), Egnyte (US), SugarSync (US), Nextcloud (Germany), Northbridge Secure Systems (Australia), ownCloud (Germany), SS&C Intralinks (US), Qnext (US), CTERA Networks (Israel), DryvIQ (US), Inspire-Tech (Singapore), Codelathe (US), and MyWorkDrive (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.