Enterprise File Sync and Share Market by Deployment and Geography - Forecast and Analysis 2022-2026

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:

• Deployment - Cloud and on-premises 
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the Enterprise File Sync and Share Market Size be During the Forecast Period?

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Enterprise File Sync and Share Market: Key Drivers, Trends, and Challenges

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

• The IT software consumerization across verticals is one of the key drivers fueling the enterprise file sync and share market growth. 
• Consumerization has led to the generation of diverse enterprise information and an upsurge in the different types of devices and systems that are collaborated in enterprises. Meanwhile, there is an increasing need for efficient collaborative methodologies in industries.
• An EFSS supports the effective management of consumerization by enabling businesses to secure the EFSS process between a diverse range of devices.
• EFSS enhances productivity in the modern workplace by encouraging employees to deal with cross-device file sharing and collaboration.
• These factors will lead to the increasing adoption of consumerization and thereby will drive the enterprise file sync and share (EFSS) market growth during the forecast period. 

Key Enterprise File Sync and Share Market Trend

• Commoditization of EFSS software is one of the key enterprise file sync and share market trends supporting the market growth.
• IT systems in an organization are heterogeneous due to the deployment of customized and hybrid software.
• There are a diverse set of data repositories and silos across the departments in enterprises.
• EFSS is a point of contact for access to files and information on a diverse range of systems and multiple platforms.
• The increased competition and product development will lead to the scope of EFSS to evolve from only file sharing and syncing to file aggregating and the end-to-end management of files and data.
• EFSS is expected to be essential in comprehensive EIM or ECM systems. The new scope of EFSS is supposed to fulfill the demand for anywhere and anytime access to information. Thus, EFSS is expected to be commoditized shortly and be presented as a bundled add-on with comprehensive information management suites and thereby driving the enterprise file sync and share market growth.

Key Enterprise File Sync and Share Market Challenge

• Risk related to the security and privacy of files and data is one of the factors limiting the enterprise file sync and share market growth.
• An EFSS system provides a point of contact for employees to access corporate data from anywhere and on any platform.
• In the process, an EFSS exposes proprietary data to manipulation and misuse as the enterprise has limited control over it. 
• In an EFSS system, a file moves through a diverse range of systems and platforms and is modified by various stakeholders during the process. Hence, the risk of file corruption and data leakage is high.
• Improper data management can lead to the creation of security loopholes for hackers to exploit, which could compromise the entire IT system of an enterprise. As such, a threat to data security and privacy is a crucial challenge for the adoption and implementation of EFSS systems.

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.

Parent Market Analysis

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.

Who are the Major Enterprise File Sync and Share Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Ziff Davis Inc.

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.

Product Insights and News

• Accellion USA LLC  - Under the unified segment, the company prevents data breaches and compliance violations from third-party cyber risk by simplifying complex infrastructure and reducing costs. 
• Accellion USA LLC  - The company offers enterprise file sync and share software with easy online collaboration and seamless workflow integration. 

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.

Enterprise File Sync and Share Market Value Chain Analysis

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.

Which are the Key Regions for Enterprise File Sync and Share Market?

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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. 

What are the Revenue-generating Deployment Segments in the Enterprise File Sync and Share Market?

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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.

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What are the Key Data Covered in this Enterprise File Sync and Share Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive enterprise file sync and share market growth during the next five years
• Precise estimation of the enterprise file sync and share market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the enterprise file sync and share industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of enterprise file sync and share market vendors

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