2025 Enterprise File Sharing and Synchronization (EFSS) Market is Emerging with 23.2% of CAGR Led by Egnyte, Google, Microsoft Corporation, SugarSync, Syncplicity

Research Reports

Jun 22, 2021

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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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.

Cloud deployment model expected to continue its dominance in the enterprise file sharing and synchronization market
Currently, almost 61% of the EFSS deployments are on cloud. Cloud models are most preferred by smaller and large organizations to store, manage and share efficiently the critical and sensitive files. Larger organizations also prefer cloud deployment models for their mission critical data. Lesser investments and easy integration with the systems have made the adoption of cloud deployment model more attractive among the organizations. Hence, cloud deployment model is expected to drive the growth of enterprise file sharing and synchronization market in the forecast period.

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.

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