New York, NY -- (SBWire) -- 06/04/2019 --Enterprise file synchronization and sharing (EFSS) include software services which enable organisations to synchronize and share files, documents, photos, videos and more, in a secure way, from multiple devices to multiple people (employees, external customers and partners). The global EFSS market is expected to expand at a CAGR of 21% during 2018-2023, leading to a global revenue of USD 10.35 Bn by 2023.
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Organizations often adopt such security technologies to prevent employees from using consumer-based file sharing apps to store, access and manage the corporate data that is beyond the IT department's control and visibility. Enterprise file-sharing products include security capabilities like authentication, data encryption, containerization, and tracking features to protect enterprise data. EFSS allows files to be stored in an approved data repository which can be remotely accessed by employees from personal computers, tablets or smartphones which support the EFSS product.
Leading players of Enterprise File Synchronization and Sharing EFSS including:
- Dropbox
- Box
- Citrix
- Microsoft
- Google
- Egnyte
- Syncplicity by Axway
- HighQ Solutions
- Nextcloud
- SkySync
Major Regions that plays a vital role in Enterprise File Synchronization and Sharing EFSS market are:
- North America
- Europe
- China
- Japan
- Middle East & Africa
- India
- South America
- Others
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Key growth factors
IT can do away with worries regarding unauthorised company file sharing, with the adoption of enterprise file sync and share. Administrators can set security parameters and create user account permissions to limit accessibility to sensitive data. Content is also typically encrypted when shared and scanned using antivirus software to minimize the risks of data leaks. These advantages increase the adoption of EFSS solutions and services in organisations. The implementation of Bring-Your-Own-Device (BYOD) programs in organisations, increasing penetration of smartphones across businesses, rise in mobile workforce, increasing collaboration between employees and enterprises, and stringent government regulations for data security are some of the drivers of the EFSS market.
Market by Type
- Cloud
- On-Premises
- Hybrid
Market by Application
- Software And Technology
- Media
- Bfsi
- Healthcare
- Others
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What's covered in the report?
1. Overview of the global EFSS market
2. Market drivers and challenges in the global EFSS market
3. Market trends in the global EFSS market
4. Historical, current and forecasted market size data for the global EFSS market
5. Historical, current and forecasted market size data for the deployment segment which includes cloud, on-premises and hybrid
6. Historical, current and forecasted market size data for the component segment which includes integrated solutions, standalone solutions and services
7. Historical, current and forecasted market size data for the end user industry verticals segment which includes software and technology, media, BFSI, healthcare, and others
8. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) market size data for EFSS market
9. Analysis of the global EFSS market by value chain
10. Analysis of the competitive landscape and profiles of major competitors operating in the market
The research provides answers to the following key questions
- What is the expect growth rate and market size of the Enterprise File Synchronization and Sharing EFSS market for the forecast period 2018 - 2023.
- What are some of the prominent factors influencing the progress of the Enterprise File Synchronization and Sharing EFSS industry worldwide?
- What are the winning strategies that differentiate the major market players operating in the industry from the rest?
- What are the past and future market trends influencing the development of the Enterprise File Synchronization and Sharing EFSS market?
- What threats likely to hinder the development of the Enterprise File Synchronization and Sharing EFSS market during the estimated period?
- What are the opportunities major vendors are relying heavily on for the forecast period 2018 - 2023?
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Global Enterprise File Synchronization and Sharing (EFSS) Market Analysis by Top Players (2018-2023): Dropbox, Microsoft, Google, Box, Citrix
A closer look at the overall Enterprise File Synchronization and Sharing EFSS business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.