Global Enterprise File Synchronization And Sharing (EFSS) Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Enterprise File Synchronization And Sharing (EFSS) Market Report by The Business Research Company covers enterprise file synchronization and sharing (EFSS) market drivers and restraints, enterprise file synchronization and sharing (EFSS) market size, major players, and the impact of COVID-19 on the enterprise file synchronization and sharing (EFSS) market.
The enterprise file synchronization and sharing (EFSS) market consists of sales of enterprise file synchronization and sharing services and solutions by entities (organizations, sole traders, and partnerships) that improve content management, collaboration, and secure file sharing among employees. Enterprise file sync-and-share is a service that enables users to preserve files in the cloud or on-premises storage and subsequently access them on their desktops and mobile devices. They use file synchronization, or copying, to save files in an authorized data repository, which can subsequently be accessed remotely by employees using EFSS-compatible PCs, tablets, and smartphones.
The global enterprise file synchronization and sharing (EFSS) market is expected to grow from $4.65 billion in 2020 to $6.01 billion in 2021 at a compound annual growth rate (CAGR) of 29.3%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The EFSS market is expected to reach $15.94 billion in 2025 at a CAGR of 27.6%.
Increasing data security concerns are expected to drive the growth of the enterprise file synchronization and sharing market in the coming years. Data security is a crucial aspect of a complete security plan that includes recognizing, evaluating, and mitigating threats connected to sensitive data security. Many businesses are concerned about the security of their digital data. To safeguard the data, enterprise file-synchronization and sharing (EFSS) platforms integrate security features such as authentication, data encryption, containerization, and tracking.
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Some enterprise file synchronization and sharing market trends include introduction of machine learning technology for data security. Machine learning has emerged as a critical tool in the field of data security. Through pattern detection, real-time cybercrime tracking, and extensive penetration testing, machine learning proactively stamps out cyber threats and strengthens security infrastructure. Major companies operating in the EFSS sector are focusing on machine learning technology to protect EFSS-stored data from ransomware and breaches.
Global enterprise file synchronization and sharing (EFSS) market segments include:
1) By Component: Solutions, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Application: Enterprise Content Management Systems, Enterprise Storage And Backup, Enterprise Document Collaboration, Enterprise Mobility, Others
4) By End-User: IT And Telecom, Banking, Financial Services And Insurance, Retail, Manufacturing, Education, Government, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Enterprise File Synchronization And Sharing (EFSS) Global Market Report 2021: COVID-19 Implications And Growth is one of a series of new reports from The Business Research Company that provides enterprise file synchronization and sharing (EFSS) market overviews, analyzes and forecasts market size, share, enterprise file synchronization and sharing (EFSS) market players, enterprise file synchronization and sharing (EFSS) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The enterprise file synchronization and sharing (EFSS) identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Enterprise File Synchronization And Sharing (EFSS) Global Market Report 2021: COVID-19 Implications And Growth from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Citrix Systems, Blackberry, Syncplicity by Axway, Egnyte, Nextcloud, OpenText, Box, Microsoft Azure, Dropbox Inc., Accellion, SugarSync, Northbridge Secure Systems, Intralinks, SkySync, IBM, Acronis, CTERA Networks, HighQ, and XMedius Solutions.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Enterprise File Synchronization And Sharing (EFSS) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Enterprise File Synchronization And Sharing (EFSS) Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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