The Enterprise File Synchronization and Sharing market are projected to experience a market growth rate of 27% during the forecast period from 2021 to 2028.
Enterprise File Synchronization and Sharing Market
With the increasing digitalization of business operations and the trend of globalizing the workforce, companies require platforms that can make sharing and editing of content between employees possible. However, if employees are not provided with file sync and sharing service, they would usually restore to any tools they are familiar with, which cannot be monitored or controlled by their company. As the IT department would be unable to access the content employees share with third parties, company data can easily be compromised without that being detected.
Furthermore, with recent global changes, employees are no longer limited to a single corporate-owned device or office location where they can work from. The increasingly mobile workforce requires constant access to the information they need from any device or location, which again increases the importance of Enterprise File Synchronization and Sharing services.
The Enterprise file sync and sharing services are a type of software service that enables users to securely share and synchronize files, documents, photos, and videos with employees, partners, or customers across multiple devices and therefore, allows organizations to use on-premises or cloud storage depending on their compliance needs. The biggest advantages of adopting such software are the increased flexibility and productivity for employees and security for the firm.
Enterprise File Synchronization and Sharing Market Growth and Trend
A number of factors are expected to have a positive effect on the growth of the Enterprise File Synchronization and Sharing industry. As businesses are spreading their operations across the globe, the workforce of those businesses becomes more diversified. However, that requires companies to have services that allow for content sharing both internally and externally, which can be controlled by the companies, to ensure the protection of their data. The importance that firms place on corporate data security is one of the main drivers behind the growth of the Enterprise File Synchronization and Sharing industry. Moreover, governments all over the world have become concerned with data protection and therefore, have imposed strict compliance policies on firms, which have also been increasing interest in the adoption of Enterprise File Synchronization and Sharing services by firms.
Another factor, that positively affects the market is the increase of the mobile workforce, which is expected to continue in the future. Furthermore, as cloud-based solutions are gaining popularity across different industry verticals, the opportunities for developing the Enterprise File Synchronization and Sharing market also increase.
Enterprise File Synchronization and Sharing Market Segmentation
The Image Recognition Market is segmented based on components, solutions, professional services, deployment mode, cloud type, end-user, and vertical. According to the components, the market is divided into Solutions and other Services. Based on solution type, the Enterprise File Synchronization and Sharing industry differentiates between standalone enterprise file synchronization and sharing (EFSS) solutions and integrated enterprise file synchronization and sharing (EFSS) solutions. On the basis of professional services, the market is divided into consulting, integration and deployment, and training and support. Based on the deployment model, the Enterprise File Synchronization and Sharing market are segmented into on-premise and cloud. Additionally, depending on the segmentation of the cloud, the different types can be public, private, and hybrid. On the basis of end-user, the market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. Finally, based on the end-use industry, the market is divided between banking, financial services, and insurance (BFSI), software and technology, government and public sector, healthcare, legal, education, retail, media and entertainment, and other industries.
Enterprise File Synchronization and Sharing Market Regional Analysis
The increasing development of cloud-based services, as well as the greater focus on the integration of innovative technologies within the traditional operations of enterprises, are the main factors that contribute to the difference between regional demand. Based on these factors, the European region holds the leading position within the Enterprise File Synchronization and Sharing industry, as a result of the rise in demand from its advanced countries. This trend is expected to be sustained and even boosted by the continuous integration of cloud and mobile technologies in business operations within the region. Nevertheless, the Asia Pacific region is projected to increase its presence in the market, due to the growing digitalization of businesses across the region, as well as the increasing awareness of the importance of data protection.
Enterprise File Synchronization and Sharing Market Share and Competition
The major players operating in the Enterprise File Synchronization and Sharing industry are Microsoft, MyWorkDrive By Wanpath LLC, Nextcloud GmbH, Northbridge Secure Systems Pty Ltd, CTERA Networks Ltd., Citrix Systems Inc., CodeLathe Technologies Inc., Dropbox, Egnyte Inc., Google, Thomson Reuters, IBM, Inspire-Tech Pte Ltd, Intralinks Inc., OpenText Corporation, Qnext Corp., SkySync, SugarSync, Syncplicity By Axway, Thru Inc., VMware, Inc., XMedius Solutions, ownCloud, ACCELLION, Acronis, and BlackBerry Ltd. and others.
• Historical Revenue and Unit Sales Volume Data (2010 - 2020)
• Forecast Revenue and Unit Sales Volume Data (2021 - 2028)
• Price trend and analysis
• Segment based revenue and unit sales data (2010 - 2028)
• Import/Export Analysis
• Competitive Analysis and Company Profiles
• Product analysis and Strategic framework
Industry segmentation and Revenue Breakdown
Components (Solutions and Other Services), Solutions (Standalone Enterprise File Synchronization and Sharing (EFSS) Solution and Integrated Enterprise File Synchronization And Sharing (EFSS) Solution), Professional Services (Consulting, Integration and Deployment and Training and Support), Deployment Mode, (On-premises and other Cloud), Cloud Type (Public, Private and Hybrid), End-User (Small and Medium-sized Enterprises (SMEs) and Large Enterprises), Vertical ( Banking, Financial Services, and Insurance (BFSI), Software and Technology, Government and Public Sector, Healthcare, Legal, Education, Retail, Media and Entertainment, and Others),
Component Analysis (Revenue, USD Million, 2021 - 2028)
• Other Services
Solution Type Analysis (Revenue, USD Million, 2021 - 2028)
• Standalone Enterprise File Synchronization and Sharing (EFSS) Solution
• Integrated Enterprise File Synchronization And Sharing (EFSS) Solution
Professional Services Type Analysis (Revenue, USD Million, 2021 - 2028)
• Integration and Deployment
• Training and Support
Deployment Mode Analysis (Revenue, USD Million, 2021 - 2028)
• On cloud
Cloud Type Analysis (Revenue, USD Million, 2021 - 2028)
End-User Analysis (Revenue, USD Million, 2021 - 2028)
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Industry Vertical Analysis (Revenue, USD Million, 2021 - 2028)
• Financial Services and Insurance (BFSI)
• Software and Technology
• Government and Public Sector
• Media and Entertainment
Country Analysis (Revenue, USD Million, 2021 - 2028)
• Rest of South America
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Saudi Arabia
• South Africa
• Rest of the Middle East and Africa
Enterprise File Synchronization and Sharing Market Companies
• MyWorkDrive By Wanpath LLC
• Nextcloud GmbH
• Northbridge Secure Systems Pty Ltd
• CTERA Networks Ltd.
• Citrix Systems Inc.
• CodeLathe Technologies Inc.
• Egnyte Inc.
• Thomson Reuters
• Inspire-Tech Pte Ltd
• Intralinks Inc.
• OpenText Corporation
• Qnext Corp.
• Syncplicity By Axway
• Thru Inc.
• VMware, Inc.
• XMedius Solutions
• BlackBerry Ltd.
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