According to a new market research report published by Global Insight Services ” Enterprise File Synchronization and Sharing (EFSS) Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Enterprise file synchronization and sharing (EFSS) is a software that enables users to securely synchronize and share files across devices and platforms, both within an organization and with external partners. EFSS solutions are typically delivered as a cloud service, although some vendors offer on-premises and hybrid deployment options.
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Key Players
- Accellion Inc.
- Box Inc.
- Citrix Systems Inc.
- Dropbox Inc.
- Egnyte Inc.
Key Trends
The key trends in Enterprise File Synchronization and Sharing (EFSS) technology are:
The move to the cloud: Many EFSS vendors are now offering cloud-based solutions, which offer greater flexibility and scalability than on-premises solutions.
The rise of mobile: With the proliferation of smartphones and tablets, more and more users are accessing their files on the go. EFSS solutions need to be able to support mobile devices.
The need for security: As businesses store more and more sensitive data in the cloud, security is becoming a key concern. EFSS solutions need to offer robust security features to protect data.
The growth of collaboration: With more and more businesses working with partners and clients located around the world, the need for collaboration features is growing. EFSS solutions need to offer tools such as real-time editing and commenting to facilitate collaboration.
Key Drivers
There are a few key drivers of the Enterprise File Synchronization and Sharing (EFSS) market. One is the increasing need for businesses to be able to share and sync files across multiple devices and platforms. This is especially important as more and more employees are working remotely.
Another driver is the need for businesses to be able to protect their data. With EFSS, businesses can set up security protocols that will help to keep their data safe and secure. Finally, the growth of cloud storage is also a driver of the EFSS market. As businesses increasingly move to the cloud, they need a way to sync and share files that are stored there.
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Market Segments
By Component
- Solutions
- Services
By Deployment Type
- Cloud
- On-Premises
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Industry Vertical
- BFSI
- IT & Telecommunications
- Government & Public Sector
- Healthcare
- Retail
- Media & Entertainment
- Transportation & Logistics
- Others
Reasons to buy Enterprise File Synchronization and Sharing (EFSS) Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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