Enterprise File Synchronization and Sharing Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2026 | Top Key Players CodeLathe, Box, Dropbox, Syncplicity, Etc

The Enterprise File Synchronization and Sharing market is expected to grow from USD 3.1 billion in 2018 to USD 11 billion by 2026, at a CAGR of 19.8% during the forecast period. Focus of enterprises and government for secured sharing of information, rise in digitized workplaces & mobile workforce and the increasing need for interaction between employees and the organizations are some of the driving factors of the market. For instance, Governments of all countries are majorly focusing on adopting e-governance, i.e., the use of information and communication technology for government services, information exchange, communication transactions, integration of various stand-alone systems and services between government and citizen, business, government and employees.

The issues faced by enterprises for deployment of EFSS is its expense. This may be a major restraining factor for the EFSS market.

Players will require increased investments to tackle these restraints and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Enterprise File Synchronization and Sharing market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

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Further key findings from the report suggest

  • The Enterprise File Synchronization and Sharing market is expected to grow from USD 3.1 billion in 2018 to USD 11 billion by 2026, at a CAGR of 19.8% during the forecast period.
  • The major contributing factors for the growth of the market for Enterprise File Synchronization and Sharing can be the focus of enterprises and governments for secured sharing of information, rise in digitized workplaces & mobile workforce and the increasing need for interaction between employees and the organizations are some of the driving factors of the market.
  • The enterprise file synchronization and sharing market is segmented by deployment type into cloud and on-premises. The cloud deployment type is expected to witness highest growth, at a CAGR of approximately 20.2% in the forecast period, due to its high demand by organizations, since it provides many benefits like affordable, scalability, reliability, flexibility, and remote location access.
  • The Enterprise File Synchronization and Sharing Market is segmented by component into Standalone EFSS solutions, Integrated EFSS solutions and services. Integrated EFSS solutions is expected to grow with the highest CAGR of approximately 20.6% in the forecast period, since it is adapted by most of the enterprises due to the range of services available such as, third-party business applications like Enterprise Content Management (ECM), Microsoft office, and information rights management.
  • The enterprise file synchronization and sharing market is segmented by organization size into large and small & medium-sized enterprises. Large and medium-sized mostly adapt the EFSS solutions, small-sized enterprises may find the EFSS solutions a little unaffordable, thus lowering the market of EFSS in the small-sized enterprise segment.
  • The Enterprise File Synchronization and Sharing Market is segmented by industry vertical into banking, financial services & insurance, software & technology, healthcare, legal education, retail, media & entertainment and others. Healthcare segment is expected to witness the highest growth, at a CAGR of approximately 21.3% in the forecast period. The increased use of mobile devices in this industry, the growing population, changing lifestyles, awareness in health-related issues are some of the driving factors for this segment. One of the basic benefit of EFSS in healthcare is easy sharing of medical records with the clients. Another segment which is expected to witness growth is the banking, financial services and insurance, the reason being the increase in financial services, IT automation, and reforms in economies and banking services worldwide.
  • The Enterprise File Synchronization and Sharing Market is segmented by Geography into North, America, Europe, Asia Pacific and Rest of the World. North America, being a developed region, dominates the market, with market share of approximately USD 1 Billion in the base year, since it focuses on utmost security and is readily adopting new and advanced technologies.
  • Key players with in Enterprise File Synchronization and Sharing market are CodeLathe (FileCloud) (US), Box (US), Dropbox (US), Syncplicity by Axway (US), Egnyte (US), BlackBerry (Canada), IBM Aspera (US), VMware (US), Google (US), Acronis International (Switzerland), OpenText (Canada), Thru. Inc. (US), Citrix Systems (US), Accellion (US), j2 Global (SugarSync) (US), SkySync (US), HighQ Solutions (UK), Nextcloud (Germany), ownCloud (Germany), Intralinks (US),   Microsoft (US), Qnext      (FileFlex)   (Canada),   XMedius   Solutions   (Canada),   Northbridge Secure Systems (Australia), Inspire-Tech   (Singapore/US), MyWorkDrive by Wanpath LLC (US), and CTERA Networks (Israel/US).

Deployment type Outlook (Revenue, USD Million; 2018–2026)

  • Cloud
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
  • On-Premises

Component Outlook (Revenue, USD Million; 2018–2026)

  • Standalone EFSS Solution
  • Integrated EFSS Solution
  • Services
    • Professional Services
      • Consulting Services
      • Integration and Deployment
      • Training and Support
    • Managed Services

Organization size (Revenue, USD Million; 2018–2026)

    • Large Enterprises
    • Small and Medium-Sized Enterprises

Industry vertical Outlook (Revenue, USD; 2018-2026)

    • Banking, Financial Services, and Insurance
    • Software and Technology
    • Government and Public Sector
    • Healthcare
    • Legal
    • Education
    • Retail
    • Media and Entertainment
    • Others

Regional analysis covers:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America(Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Table of Contents:

  1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Enterprise File Synchronization and Sharing Market Segmentation & Impact Analysis

3.1. Enterprise File Synchronization and Sharing Market Segmentation Analysis

3.2. Enterprise File Synchronization and Sharing Market Value Chain Analysis, 2018-2026

3.3. Enterprise File Synchronization and Sharing Market Impact Analysis

3.3.1. Market driver analysis

3.3.1.1. Increasing demand for secured sharing of corporate data

3.3.1.2. Increasing digitalization of workplaces and mobile workforces

3.3.1.3. Need for effective interaction between employees and organization

3.3.1.4. Strict government norms regarding security of data

3.3.2. Market restraint analysis

3.3.2.1. Expense of EFSS solutions

3.3.3. Market opportunities

3.3.3.1. Increasing demand for cloud based solutions

3.3.3.2. High demand of integrated EFSS solutions

3.3.4. Market Challenges

3.3.4.1. Difficulty in selecting the right EFSS vendor, due to the intense competition in the market

3.4. Industry analysis – Porter’s Analysis

3.5. Enterprise File Synchronization and Sharing Market Competitive scenario, 2018

Chapter 4. Enterprise File Synchronization and Sharing Market by Deployment (Insights & Trends)

4.1. Enterprise File Synchronization and Sharing Market share by deployment, 2019 & 2026

4.2. Cloud

4.2.1. Public Cloud

4.2.2. Private Cloud

4.2.3. Hybrid Cloud

4.3. On-Premises

Chapter 5. Enterprise File Synchronization and Sharing Market by Component (Insights & Trends)

5.1. Enterprise File Synchronization and Sharing Market share by Component, 2019 & 2026

5.2. Standalone EFSS Solution

5.3. Integrated EFSS Solution

5.4. Services

5.4.1. Professional Services

5.4.1.1. Consulting Services

5.4.1.2. Integration and Deployment

5.4.1.3. Training and Support

5.5. Managed Services

Continued…

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