EFSS (Enterprise File Sharing and Synchronization) Market worth US$ 1.35 billion in 2015 to US$ 10.59 billion by 2025

Enterprise file sharing and synchronization (EFSS) is a software service that allows individual and the organization to save electronic files in the cloud such as documents, photos and videos across multiple devices such as personal computers, laptops, tablets and smartphones and allowing access to individual, organization and customers. It can either deploy on cloud or can be hosted on- premise. In enterprise file sharing and synchronization (EFSS) different group of people can edit and share files as per their need and area of expertise. Some of the problems associated with EFSS are security, EFSS compounds the duplicate copies and transfer problem. Enterprise file sharing and synchronization includes some of the benefits such as it secures internal sharing, secure external sharing, secure mobile syncing and fast LAN sharing. Some of the features that EFSS includes are network shares & NTFS permission, network share synchronization, group & permission, designed for mobile, advanced sharing, data privacy & sharing and home directory integration.

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The major driving factor influencing the growth of EFSS market is evolution of digital workshops focusing on application supported by new & advanced organization, rise in bring your own device (BYOD), due to the collaboration between employees, partners and customer there is a need for an efficient enterprise file sharing and synchronization, increase use of mobile device such as tablets and smartphones. However, the factors which hinder the growth of enterprise file sharing and synchronization are lack of awareness about the benefits of enterprise file sharing and synchronization and lack of scalability. Increasing security concern, significant shift of organization and privacy can add new opportunity in the market for enterprise file sharing and synchronization.

Enterprise file sharing and synchronization market is segmented on the basis of solution and services which includes professional services and integration services and the market is further break down on the basis of deployment model such as on-premise deployment model, cloud deployment model and hybrid deployment model. Similarly, the market is further segmented on the basis of end user which includes small enterprise, mid-size enterprise and large enterprise and further divided as industry vertical such as healthcare & life science, financial services & insurance, telecommunication & IT, media & entertainment, consumer goods & retail, industrial goods & automotive and others.

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The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, Japan, China, India, Australia, South Arabia, UAE, South Africa and Brazil. Some of the key players which dominate enterprise file sharing and synchronization are Accellion, Inc., Box, Inc., Citrix Systems, Inc., Dropbox, Inc., Egnyte, Inc., Google, Inc., Microsoft Corporation, SugarSync, Inc., Syncplicity LLC and VMware, Inc.

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