Enterprise File Sync And Share Platform Market Expected to Expand at a Steady CAGR through 2027
The enterprise file sync and share platform providers are continuously enhancing the security capabilities including authentication, containerization, tracking features, data encryption in order to protect the enterprise data. The platform vendors that offer enterprise file sync and share service have multiple options for the enterprises such as hybrid or private cloud, or on-premises service. Mostly in hybrid or on-premise deployments, the files remain in the company’s own data warehouse.
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Enterprise file sync and share platform adoption is driven by security, productivity and accessibility. Few emerging trends in the industry include integration with data loss prevention, enterprise content aggregation, and built-in editing apps. With the advancement in consumer technology, the collaboration and connection of people with their business environment and its enterprise file sync and share solution is becoming easier.
Enterprise File Sync and Share Platform Market: Drivers and Challenges
As cloud storage has become more prominent, the prime factor driving the enterprise file sync and sharing platform market is proliferation of consumer mobility, bring your own device program and media tablets being utilized within the enterprises. Few other drivers to the market that encourage adoption of enterprise file sync and share platform include, growing adoption of virtualization, the ease of accessing the data from mobile devices anywhere and anytime.
Data security is among the prime concerns with the usage of enterprise file sync and share platform that slows the adoption of EPSS impacting the market negatively. The lock in period and other regulations that the vendor provide while they offer enterprise file sync and share platform is hindering the rise in adoption of EFSS platform among the small, medium and large enterprises.
Enterprise File Sync and Share Platform Market: Segmentation
Enterprise file sync and share platform market can be segmented on the basis of solution, service, deployment type, end-user, and industry
On the basis of solution, enterprise file sync and share platform market can be segmented into enterprise storage and backup, enterprise content management system, cloud virtualization, enterprise mobility, enterprise document collaboration and others
On the basis of service, enterprise file sync and share platform market can be segmented into managed service and professional service
On the basis of deployment type, enterprise file sync and share platform market can be segmented into on-premise and cloud based
On the basis of end-user, enterprise file sync and share platform marketcan be segmented into small and medium enterprises (SMEs) and large enterprises
On the basis of industry, enterprise file sync and share platform market can be segmented into banking, financial services and insurance (BFSI), retail and e-Commerce, IT and telecommunication, energy and utility, government offices and education, aerospace and defence, healthcare, transportation and logistics, and others
Enterprise File Sync and Share Platform Market: Regional Overview
Regionally, Enterprise File Sync and Share Platform Market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa
North America and Western Europe are among the prominent regions in adoption of enterprise file sync and share platform as the number of small, medium and large enterprises in the two regions are very high. Asia Pacific and Japan market are expected to have the highest growth rate in the coming few year as due to the increasing technological trends and industrial development. Latin America and Eastern Europe would witness positive growth in the coming years owing to the adoption of advanced technology in both the regions
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Enterprise File Sync and Share Platform Market: Competition Landscape
Few prominent players in the enterprise file sync and share platform market include:Accellion Inc, Acronis International GmbH, Google Inc., Microsoft Corporation, Dropbox Inc., Citrix Systems Inc., Syncplicity Inc., IBM Corporation, Egnyte Inc., VMWare Inc., Zoho Corporation Pvt. Ltd.
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