Enterprise File Synchronization and Sharing Market

Analysis from GMI Research finds that the Enterprise File Synchronization and Sharing (EFSS) Market earned revenues of USD 7,661 million in 2022 and estimated to touch USD 54,859 million in 2030 will grow at a CAGR of 27.9% from 2023-2030

Enterprise File Synchronization and Sharing Market Overview

Enterprise file synchronization and sharing are the software information technology services that help the organizations for securely sharing and synchronizing the data such as documents, videos, photos, and files from multiple devices within the company and external customers as well as partners. It allows users to securely share and sync files with the use of on-premises or cloud storage depending upon the security and compliances required. Many organizations have adopted EFSS technologies for preventing the employees from using consumer-based file sharing apps, that can’t manage or control with these apps. EFSS services has several features includes document tracking, live commenting, and workflow process management for helping users or organizations to store, edit, review and shared files.

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Major Enterprise File Synchronization and Sharing Market Drivers

The factors driving the global enterprise file synchronization and sharing (EFSS) market include increasing demand for the file sync-and-share in the corporate world to improve content management, collaboration and secure file sharing among employees and managers. Businesses can use enterprise file sync-and-share to improve content management, collaboration and secure file sharing among employees. Enterprise File Synchronization and Sharing (EFSS) is widely adopted in the private, public and government sectors to transfer the data and required documents within the organizations. Increasing digital technology based SMEs, and large corporations with growing need for fast and reliable data transfer with growing robust, scalable, and effective collaborations using the mobile workforce have propelled the market growth. For instance, according to the United Nations Conference on Trade and Development Report, the digital platforms adoption is increasing at rapid pace in the world economy. The combined value digital technology IT based platform companies was valued more than US$ 7 trillion in 2017. Some global digital platforms have achieved acquired leading market positions in certain areas. Thus increasing the digital IT companies have massive demand for the ESSS services for data transfer and securing the real time integrated workflow with automation to increase operational efficiency.

Further, during the COVID-19 pandemic, the demand by the enterprise customers for the first time to scale up and support hundreds of millions of files and access to up to hundreds of terabytes of data from any web browser, iOS or Android device, for remote workers.

Restraint in the enterprise file synchronization and sharing (EFSS) Market

However, increasing concerns related to cyber threat and data theft, high cost of the complex integrated systems and network issues may hamper the global enterprise file synchronization and sharing (EFSS) market.

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Component – Segment Analysis

Based on the component, standalone software application has the largest share for the enterprise file synchronization and sharing (EFSS) market as it provide the detail necessary data requirement for the specific department with a more general outlook.

Service – Segment Analysis

Based on the service, professional services segment is expected to grow at the fastest rate in the global enterprise file synchronization and sharing (EFSS) market during the forecast period owing to rising demand by the leading SMEs and large corporations to transfer and store the data using the enterprise file synchronization and sharing (EFSS) across the globe. The majority of large corporations and SMEs are integrating the workflow using EFSS to increase operational efficiency.

Offering – Segmentation Analysis

Based on the offering, the solutions segment has the considerable share for the growth of the global enterprise file synchronization and sharing (EFSS) market, this is primarily due to increasing adoption of the integrated softwares by the leading businesses in order to meet the global digitalization demand.

Deployment Model – Segment Analysis

Based on the deployment model, cloud-based segment is projected to capture the largest market share over the forecast period in the global enterprise file synchronization and sharing (EFSS) market due to rising adoption of the cloud platforms by the leading businesses and IT firms to integrate its data sharing and storing operations so as to reduce the hardware cost.

Application – Segment Analysis

Based on the application, enterprise storage and backup holds the highest market share in 2019 in the global enterprise file synchronization and sharing (EFSS) market owing to the increasing the requirement of the storing the data to access the consumer’s behaviour so as to generate revenue. Also, the enterprise file synchronization & sharing provides secure authentication protocols, granular access control, and authorization policies related to device lock, pass code protection, white/black listings and data expiration policies.

End-Users – Segment Analysis

Based on the end-users, software and technology is expected to have major market share in the global enterprise file synchronization and sharing (EFSS) market in upcoming years owing to the rise in consumer awareness and surge in the adoption of the smart devices across the globe.

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Regional – Segment Analysis:

Based on the region, North America region is expected to capture a significant market share in the global enterprise file synchronization and sharing (EFSS) market in 2019 due to the presence of the leading technological digital platform companies, growing number of internet users and surge in the rapid adoption of digitalization and automated workflow system within SMEs and large corporations in this region.

Top Market Players

Various notable players operating in the market, include, Citrix Systems, Vmware, BlackBerry Workspaces, Accellion, Axway’s Syncplicity, Box, Dropbox Business, Google Drive, Microsoft OneDrive, Egnyte, Syncplicity LLC., Sugarsync, Inc  and among others.

Key Developments:

• • In 2020, Dropbox have been introduced new features for home based and remote users. The features includes Mass deletions, mass data moves, sensitive content shared externally, malware shared from outside your team, Passwords, document vault, malware shared within team, too many failed sign-in attempts and sign-in from a high-risk country.
  • In 2020, Panzura launched Mobile 3.5 solution for remote enterprise workers. It delivers advanced security and IP protection, with Real-Time Access using panzura’s global cloud file system from any device for large enterprises.
  • In 2017, CodeLathe, one of the leading providers of unified enterprise file services platform had launched new software as a service that brings file sharing, sync, endpoint backup and enterprise search all into one service. It helps to consolidate all file sharing, sync and backup needs into one solution platform.

Segments covered in the Report:

The global enterprise file synchronization and sharing (EFSS) market has been segmented on the basis of component, offering, deployment model, application, end-users and key regions. In terms of component, the market is bifurcated into Integrated EFSS Solutions, Standalone EFSS solution and others. Based on offering, the market is segmented into services and solutions. Based on deployment model, the market is segmented into cloud based and on-premise based. Further, cloud based is divided into private cloud, public cloud and hybrid cloud. Based on application, the market is segmented enterprise mobility, enterprise storage and backup, enterprise document management, enterprise content management system, secure authentication and granular remote access and others. In terms of the end-user, the global enterprise file synchronization and sharing (EFSS) market is divided into Software and Technology, Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Healthcare, Education, Retail, Media & Entertainment and Others. 

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Market Segmentation

Global Enterprise File Synchronization and Sharing (EFSS) Market by Component

• • Integrated EFSS Solutions
  • Standalone EFSS Solutions
  • Others

Global Enterprise File Synchronization and Sharing (EFSS) Market by Offering

• • Services
  • Solutions

Global Enterprise File Synchronization and Sharing (EFSS) Market by Deployment Model

• • On Premise based
  • Cloud Based
    • Private cloud
    • Public cloud
    • Hybrid cloud

Global Enterprise File Synchronization and Sharing (EFSS) Market by Application

• • Enterprise Mobility
  • Enterprise Storage and Backup
  • Enterprise Document Management
  • Enterprise Content Management System
  • Secure Authentication and Granular Remote Access
  • Others

Global Enterprise File Synchronization and Sharing (EFSS) Market by End-Users

• • Software and Technology,
  • Banking, Financial Services, and Insurance (BFSI)
  • Government and Public Sector
  • Healthcare
  • Education
  • Retail
  • Media & Entertainment
  • Others

Global Enterprise File Synchronization and Sharing (EFSS) Market by Region

• • North America Enterprise File Synchronization and Sharing (EFSS) Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Offering
    • By Deployment Model
    • By Application
    • By End-user
    • US  Market All-Up
    • Canada Market All-Up

  • Europe Enterprise File Synchronization and Sharing (EFSS) Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Offering
    • By Deployment Model
    • By Application
    • By End-user
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Enterprise File Synchronization and Sharing (EFSS) Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Offering
    • By Deployment Model
    • By Application
    • By End-user
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Enterprise File Synchronization and Sharing (EFSS) Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Offering
    • By Deployment Model
    • By Application
    • By End-user
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Enterprise File Synchronization and Sharing (EFSS) (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Citrix Systems
  • Vmware
  • BlackBerry Workspaces
  • Accellion
  • Axway’s Syncplicity
  • Box
  • Dropbox Business
  • Google Drive
  • Microsoft OneDrive
  • Egnyte
  • Sugarsync, Inc.