Enterprise file synchronization and sharing (EFSS) is crucial for modern businesses, enabling seamless collaboration and increased productivity across distributed teams. It supports the growing trend of remote work by providing secure access to files from anywhere. EFSS ensures data security and compliance through encryption and access controls, while version control maintains file integrity. Centralized file management simplifies organization-wide access and sharing. Scalability and integration with other tools make EFSS adaptable to evolving business needs, playing a pivotal role in optimizing workflows and enhancing overall efficiency.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-enterprise-file-synchronization-and-sharing-market
Data Bridge Market Research analyses that the Global Enterprise File Synchronization and Sharing Market is expected to reach the value of USD 33,270.27 million by 2029 which is USD 4,854.667 million in 2021, at a CAGR of 27.2% during the forecast period 2022-2029. Compliance with data protection regulations and industry standards is driving the adoption of EFSS solutions. These tools often come with features that help organizations adhere to regulatory requirements by providing audit trails, access controls, and secure file-sharing practices.
Key Findings of the Study
The rise in prevalence of remote and distributed workforces is expected to drive the market's growth rate
The rising prevalence of remote and distributed workforces is a pivotal driver for the enterprise file synchronization and sharing (EFSS) market. With the shift towards flexible work arrangements, the demand for efficient collaboration tools has surged. EFSS solutions play a crucial role by facilitating seamless file sharing and synchronization, allowing employees to collaborate effectively irrespective of their physical locations. These tools ensure that teams can access, update, and share files in real time, fostering a cohesive and productive work environment in the era of remote work.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014-2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Offering (Solution and Services), By Deployment Model (On-Premise and Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises (SMEs)), Accessibility (Desktop, Mobile, Web, Linux, and Others), Application (Collaboration Support, Security, Enterprise Content Management System, Enterprise Storage and Backup, Enterprise Mobility, Enterprise Document Management, Cloud Virtualization, and Others), End User (Banking, Financial Services and Insurance (BFSI), Healthcare and Lifescience, Government and Public Sector, IT and Telecommunication, Retail and E-Commerce, Education, Media and Entertainment, Aerospace and Defence, Legal, Transportation and Logistics, Manufacturing, and Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America
|
|
Market Players Covered
|
IBM Corporation (U.S.), Axway (France), Citrix Systems, Inc. (U.S.), Google (U.S.), Microsoft (U.S.), Dropbox, Inc. (U.S.), Micro Focus (U.K.), Nextcloud GmbH (Germany), Open Text Corporation (Canada), Qnext Corp. (Canada), Thru, Inc. (U.S.), VMware, Inc. (U.S.), Thomson Reuters (Canada), FileCloud (U.S.), Ziff Davis, Inc. (U.S.), Seafile Ltd. (China), Files.com (U.S.), ACCELLION (U.S.), Egnyte, Inc. (U.S.), Intralinks, Inc. (U.S.), Box (U.S.), ownCloud GmbH (Germany), MyWorkDrive LLC. (U.S.), CTERA Networks Ltd. (Israel), 25. DryvIQ (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes indepth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Segment Analysis:
The global enterprise file synchronization and sharing market is segmented on the basis of offering, deployment model, organization size, accessibility, application and end user.
- On the basis of offering, global enterprise file synchronization and sharing market is segmented into solution and services. In 2022, the solution segment is expected to dominate the global enterprise file synchronization and sharing market to its emphasis on innovation, advanced security features, seamless integration, and a user-friendly interface with 69.73% market share
In 2022, the solution segment of the offering segment is expected to dominate the global enterprise file synchronization and sharing market during 2022-2029
The solution segment is anticipated to dominate the enterprise file synchronization and sharing (EFSS) market due to factors such as innovation, advanced security features, scalability, seamless integration, userfriendly interfaces, and competitive pricing. A strong emphasis on addressing enterprise needs, providing excellent customer support, and establishing brand recognition further contribute to the dominance.
- On the basis of deployment model, the global enterprise file synchronization and sharing market is segmented into on premise and cloud. In 2022, the cloud segment is expected to dominate the global enterprise file synchronization and sharing market due to its scalability, accessibility, and cost-efficiency with a 67.28% market share
- On the basis of organization size, the global enterprise file synchronization and sharing market is segmented into large enterprises and small and mediumsized enterprises (SMES). In 2022, the large enterprise segment is expected to dominate the global enterprise file synchronization and sharing market with a 65.36% market share. It dominates because of the market's complex collaboration needs, stringent security requirements, and the scalability and integration capabilities that EFSS solutions provide, addressing the unique challenges of these organizations
- On the basis of accessibility, global enterprise file synchronization and sharing market is segmented into desktop, mobile, web, linux, and others. In 2022, the desktop is expected to dominate the global enterprise file synchronization and sharing market with a 39.04% market share. The familiarity and versatility of desktop platforms contribute to its dominance in the EFSS market, as they cater to diverse organizational needs across various industries
In 2022, the desktop segment of the accessibility segment is expected to dominate the global enterprise file synchronization and sharing market during 2022-2029
The desktop segment is anticipated to dominate the enterprise file synchronization and sharing (EFSS) market due to its longstanding role as the primary workspace for business professionals. Desktop solutions offer robust features, seamless integration with existing workflows, and enhanced security, making them a preferred choice for enterprises seeking efficient file collaboration and synchronization. Additionally, the familiarity and versatility of desktop platforms contribute to their dominance in the EFSS market, as they cater to diverse organizational needs across various industries.
- On the basis of application, the global enterprise file synchronization and sharing market is segmented into collaboration support, security, enterprise content management system, enterprise storage and backup, enterprise mobility, enterprise document management, cloud virtualization, and others. In 2022, collaboration support is expected to dominate the market because of its increasing demand for seamless communication and teamwork within enterprises with a CAGR of 28.6% in the forecast period of 2022 to 2029
- On the basis of end user, the global enterprise file synchronization and sharing market has been segmented into banking, financial services, and insurance (BFSI), healthcare and lifescience, government and public sector, IT and telecommunication, retail and ecommerce, education, media and entertainment, aerospace and defence, legal, transportation and logistics, manufacturing and others. In 2022, banking, financial services, and insurance (BFSI) are expected to dominate the market with a 28.5% market share. It dominates the market due to the sector's heightened emphasis on secure document management, compliance requirements, and the need for efficient collaboration
Major Players
Data Bridge Market Research recognizes the following companies as the major global enterprise file synchronization and sharing market players in global enterprise file synchronization and sharing market are IBM Corporation (U.S.), Axway (France), Citrix Systems, Inc. (U.S.), Google (U.S.), Microsoft (U.S.), Dropbox, Inc. (U.S.), Micro Focus (U.K.), Nextcloud GmbH (Germany)
Market Developments
- In June 2022, the Royal Borough of Kingston upon Thames and London Borough of Sutton collaborated with Citrix Systems Inc. to leverage Citrix Virtual Apps and Desktops via Citrix Cloud. This strategic partnership empowered over 5,000 employees to remotely access resources, serving more than 400,000 constituents. The implementation showcased the effectiveness of Citrix's solutions in enabling flexible and efficient remote work capabilities
- In May 2022, Movebot, developed by Couchdrop Limited, entered into a strategic partnership with Dropbox Inc. This collaboration established Movebot as Dropbox's preferred data migration solution provider, enabling individual, team, and business users to securely and swiftly migrate data from other clouds to Dropbox. The global agreement underscores Movebot's position as a key player in facilitating seamless data migration within cloud environments
- In September 2021, Google expanded its product portfolio with the launch of Google Filestore Enterprise and Backup for Google Kubernetes Engine (GKE). These offerings aim to facilitate the seamless migration of common file NAS needs from onpremises to the cloud, allowing enterprises to scale without the need for extensive rebuilding. This move reinforces Google's commitment to enhancing its market presence and catering to evolving enterprise requirements
- In January 2021, Microsoft addressed user needs by enabling the sharing of large files, up to 250 GB, through SharePoint, Teams, and OneDrive. Additionally, the introduction of a differential sync feature streamlines the synchronization process by only updating changes made to files. This usercentric approach not only meets customer demands but also enhances Microsoft's appeal, attracting a broader customer base
Regional Analysis
Geographically, the countries covered in the global enterprise file synchronization and sharing market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of AsiaPacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in the global enterprise file synchronization and sharing market during the forecast period 2022-2029
North America dominates the global enterprise file synchronization and sharing (EFSS) market due to the region's dynamic digital workplace and expanding mobile workforce. Enterprises in North America have displayed a proactive stance by extensively implementing EFSS solutions, contributing significantly to market growth. The region's responsiveness to technological advancements, such as the widespread adoption of mobile devices, cloud computing, and the Internet of Things (IoT), has further fueled the demand for EFSS tools.
For more detailed information about the global enterprise file synchronization and sharing market report, click here – https://www.databridgemarketresearch.com/reports/global-enterprise-file-synchronization-and-sharing-market
