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Based on Technavio's market sizing methodology, the enterprise file sync and share market size is predicted to surge by USD 12.84 billion from 2021 to 2026 at a CAGR of 25.22%.
This enterprise file sync and share market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The enterprise file sync and share market report offers information on several market vendors, including Accellion USA LLC, Acronis International GmbH, Alphabet Inc., Axway Software SA, BlackBerry Ltd., Box Inc., Citrix Systems Inc., CodeLathe, CTERA Networks Ltd., Dropbox Inc., Egnyte Inc., International Business Machines Corp., Microsoft Corp., Northbridge Secure Systems Pty Ltd., Open Text Corp., Thomson Reuters Corp., Thru Inc., Tresorit AG, VMware Inc., and Ziff Davis Inc. among others.
This report further entails enterprise file sync and share market segmentations, including:
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The IT software consumerization across verticals is notably driving the enterprise file sync and share market growth, although factors such as risk related to security and privacy of files and data may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the enterprise file sync and share industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Enterprise File Sync and Share Market Driver
Key Enterprise File Sync and Share Market Trend
Key Enterprise File Sync and Share Market Challenge
This enterprise file sync and share market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global enterprise file sync and share market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the enterprise file sync and share market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the enterprise file sync and share market encompasses successful business strategies deployed by the key vendors. The enterprise file sync and share market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The enterprise file sync and share market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the enterprise file sync and share market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for enterprise file sync and share market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The continuous development of the industrial and the private sectors will facilitate the enterprise file sync and share market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the EFSS market in North America witnessed a slowdown owing to the COVID-19 outbreak. However, various IT companies have offered the work-from-home facility to their employees and gradually started opting for cloud-based EFSS to manage their remote workforce since H1 2020. Thus, the increased adoption of cloud-based EFSS is expected to drive the growth of the regional market during the forecast period.
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The enterprise file sync and share market share growth by the cloud segment will be significant during the forecast period. The global cloud-based EFSS market is expected to grow at a significant rate during the forecast period. Increased technological awareness, the emergence of SMEs, innovations in data security, and inherent cost-effectiveness and flexibility of the cloud model are expected to drive the growth of the market during the forecast period. Most vendors offer cloud-based EFSS. Hence, the adoption of the model is also increasing. Such an increase in adoption will drive the enterprise file sync and share (EFSS) market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the enterprise file sync and share market size and actionable market insights on post COVID-19 impact on each segment.
Enterprise File Sync and Share Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 25.22% |
Market growth 2022-2026 |
$ 12.84 billion |
Market structure |
Fragmented |
YoY growth (%) |
24.46 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Accellion USA LLC, Acronis International GmbH, Alphabet Inc., Axway Software SA, BlackBerry Ltd., Box Inc., Citrix Systems Inc., CodeLathe, CTERA Networks Ltd., Dropbox Inc., Egnyte Inc., International Business Machines Corp., Microsoft Corp., Northbridge Secure Systems Pty Ltd., Open Text Corp., Thomson Reuters Corp., Thru Inc., Tresorit AG, VMware Inc., and Ziff Davis Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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