Enterprise File Synchronization and Sharing (EFSS) Market
Enterprise File Synchronization and Sharing (EFSS) Market Report by Component (Solutions, Services), Deployment Type (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium-sized Enterprise), Application (Cloud Virtualization, Enterprise Content Management System, Enterprise Mobility, Enterprise Storage and Backup, Enterprise Document Management, and Others), Industry Vertical (Telecom and IT, BFSI, Retail, Manufacturing, Education, Government, and Others), and Region 2024-2032
The global enterprise file synchronization and sharing (EFSS) market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.5 Billion by 2032, exhibiting a growth rate (CAGR) of 19.39% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 10.0 Billion
Market Forecast in 2032
US$ 51.5 Billion
Market Growth Rate (2024-2032)
19.39%
Enterprise file synchronization and sharing (EFSS) is a software service that enables users to sync and share files like photos, documents, and videos in cloud storage or on-premises storage, and access them on other computing devices. With these software services, data can be securely synchronized and shared between employees, external clients, and partners across multiple devices. As part of EFSS services, users are able to store, review, edit, and share documents using advanced features, such as live version tracking, commenting, and workflow process management. Collaboration, communication, and content management tasks can be managed seamlessly through enterprise file-sharing tools. Consequently, small and medium enterprises are extensively adopting EFSS services to facilitate digitization, smart technology, and automation.
Enterprise File Synchronization and Sharing (EFSS) Market Trends:
The market is majorly driven by the rising concerns regarding the security and privacy of enterprise data. This can be attributed to the paradigm shift in data sharing techniques of organizations from traditional to digital processes. In addition to this, the widespread adoption of cloud computing solutions to minimize operational costs due to the increasingly competitive environment is propelling the market. The continual reduction of manual operational work profiles and the escalating number of software-based work is also leading to a higher product uptake on the global level. Moreover, a considerable rise in the number of mobile workforces and digital workplaces, along with the growing number of remote workers, are providing an impetus to the market. Furthermore, the increasing stringency of government regulations emphasizing the security aspects of corporate data is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization and industrialization, penetration of high-speed internet, the emergence of 5G network, inflating disposable income levels and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global enterprise file synchronization and sharing (EFSS)market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment type, organization size, application and industry vertical.
Breakup by Component:
Solutions
Services
Breakup by Deployment Type:
Cloud-based
On-premises
Breakup by Organization Size:
Large Enterprises
Small and Medium-sized Enterprise
Breakup by Application:
Cloud Virtualization
Enterprise Content Management System
Enterprise Mobility
Enterprise Storage and Backup
Enterprise Document Management
Others
Breakup by Industry Vertical:
Telecom and IT
BFSI
Retail
Manufacturing
Education
Government
Other
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accellion Inc., Acronis International GmbH, Blackberry Limited, Citrix Systems Inc., CTERA Networks, Dropbox Inc., Egnyte Inc., Google LLC (Alphabet Inc.), Microsoft Corporation, Open Text Corporation, SS&C Intralinks, Sugarsync Inc. and Thomson Reuters Corporation.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Component, Deployment Type, Organization Size, Application, Industry Vertical, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Accellion Inc., Acronis International GmbH, Blackberry Limited, Citrix Systems Inc., CTERA Networks, Dropbox Inc., Egnyte Inc., Google LLC (Alphabet Inc.), Microsoft Corporation, Open Text Corporation, SS&C Intralinks, Sugarsync Inc. and Thomson Reuters Corporation
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global Enterprise File Synchronization and Sharing (EFSS) market was valued at US$ 10.0 Billion in 2023.
We expect the global Enterprise File Synchronization and Sharing (EFSS) market to exhibit a CAGR of 19.39% during 2024-2032.
The rising adoption of EFSS services by small and medium enterprises to facilitate digitization, smart technology, automation, etc., is primarily driving the global Enterprise File Synchronization and Sharing (EFSS) market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of Enterprise File Synchronization and Sharing (EFSS) software, owing to the launch of various favorable policies by government bodies to emphasize on the security aspects of corporate data during the remote working scenario.
Based on the component, the global Enterprise File Synchronization and Sharing (EFSS) market has been segmented into solutions and services, where solutions currently exhibit a clear dominance in the market.
Based on the deployment type, the global Enterprise File Synchronization and Sharing (EFSS) market can be divided into cloud-based and on-premises. Currently, cloud-based accounts for the majority of the global market share.
Based on the application, the global Enterprise File Synchronization and Sharing (EFSS) market has been segregated into cloud virtualization, enterprise content management system, enterprise mobility, enterprise storage and backup, enterprise document management, and others. Among these, cloud virtualization currently exhibits clear dominance in the market.
Based on the industry vertical, the global Enterprise File Synchronization and Sharing (EFSS) market can be bifurcated into telecom and IT, BFSI, retail, manufacturing, education, government, and other. Currently, the telecom and IT industry holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global Enterprise File Synchronization and Sharing (EFSS) market include Accellion Inc., Acronis International GmbH, Blackberry Limited, Citrix Systems Inc., CTERA Networks, Dropbox Inc., Egnyte Inc., Google LLC (Alphabet Inc.), Microsoft Corporation, Open Text Corporation, SS&C Intralinks, Sugarsync Inc., and Thomson Reuters Corporation.
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