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2020 Enterprise File Sharing and Synchronization (EFSS) Market Current Technology Scenario with Top Companies – Microsoft Corporation, SugarSync, Syncplicity, VMware

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2020 Enterprise File Sharing and Synchronization (EFSS) Market Current Technology Scenario with Top Companies – Microsoft Corporation, SugarSync, Syncplicity, VMware

May 12
23:47 2021
2020 Enterprise File Sharing and Synchronization (EFSS) Market Current Technology Scenario with Top Companies - Microsoft Corporation, SugarSync, Syncplicity, VMware

The Insight Partners
According to the new research report published by The Insight Partners, titled “Enterprise File Sharing and Synchronization Market–Global Analysis and Forecast to 2025”, the global enterprise file sharing and synchronization market is expected to reach US$ 10,586.5 Mn in 2025, registering a CAGR of 23.2% during the forecast period 2016-2025.

Enterprise File Sharing and Synchronization (EFSS) solution allows individuals and organizations to share and synchronize various kinds of files across and out of the organization and allowing access to individuals, organizations and customers. North America, being a technologically advanced region along with high number of small and large enterprises is driving the enterprise file sharing and synchronization market. Europe is the second largest adopter of EFSS solutions, while APAC region with growing numbers of various organizations and increasing technological trends lags behind the above two regions. Dropbox, Microsoft, Google and Box and Citrix are among the major players operating in enterprise file sharing and synchronization market.

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Adoptions of EFSS is expected to accelerate at a high growth rate in the coming few years. Need for mobility and a secured mobile service to access data and increasing adoption trend for BYOD are few of the factors that are propelling the growth of EFSS market. Healthcare & life sciences organizations, financial services and insurance companies, telecommunication & it solution providers, media & entertainment companies are some of the major adopters of EFSS solutions. Many SME’s and large scale industries in the above verticals have adopted EFSS solutions owing to the advantages it offers. Concerns for data security and privacy among various organizations in which data is one of the crucial elements for business are few of factors that might hamper the growth of the market.

Major developments are seen in developed countries, but even developing countries have started implementing or are planning to implement cloud or private storage technologies over their traditional storage system. The US, Japan, and all major European countries which have successfully deployed enterprise file sharing and synchronization, are relishing the benefits of safe and secured storage application.

The key companies profiled in this report include Citrix Systems, Inc., Dropbox, Inc., Egnyte, Inc., Google, Inc., Microsoft Corporation, SugarSync, Inc., Syncplicity LLC, and VMware

Strategic Insights

Market initiative was observed as the most adopted strategy in global enterprise file sharing and synchronization market. Few of the recent strategies by some of the players in enterprise file sharing and synchronization market landscape are listed below-

2016: Accellion, Inc. introduced certified solutions for the Microsoft Azure marketplace in its EFSS product, kiteworks. This will add features such as high security and availability of Azure, scalability and enhanced deployment and management.

2016: Accellion, Inc. announced that it has joined Microsoft’s CSPP. The alliance will enable the company to provide productivity features in kiteworks.

2016: Box, Inc. and Google, Inc. to collaborate on various initiatives to transform work in the cloud. This includes new integrations between Box, Google Springboard and Google Docs for delivering enhanced experience for collaborating and working on content in the cloud.

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Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/reports/enterprise-file-sharing-and-synchronization-efss-market