Global Enterprise File Synchronization and Sharing (EFSS) Market Expected to Grow at a Rate of 27% through 2026
Global Enterprise File Synchronization and Sharing (EFSS) Market Report 2022 by Business Research Company: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, June 6, 2022 /EINPresswire.com/ — According to “Enterprise File Synchronization And Sharing (EFSS) Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the enterprise file synchronization and sharing (EFSS) market size is expected to grow from $6.01 billion in 2021 to $7.85 billion in 2022 at compound annual growth rate (CAGR). ) by 30.6%. The change in the growth trend of the EFSS market is mainly due to the fact that the companies stabilized their production after meeting the demand which increased exponentially during the COVID-19 pandemic in 2021. The market is expected to reach 20, $47 billion in 2026 with a CAGR of 27.1%. Growing data security concerns are expected to drive the growth of the enterprise file synchronization and sharing (EFSS) market in the coming years.
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The enterprise file synchronization and sharing (EFSS) market includes sales of enterprise file synchronization and sharing services and solutions by entities (organizations, sole traders and partnerships) that improve the management of content, collaboration and secure file sharing between employees. Enterprise File Sync and Sharing is a service that allows users to keep files in the cloud or in on-premises storage and then access them on their desktops and mobile devices. They use file syncing or copying to save files to an authorized data repository, which employees can then access remotely using EFSS-enabled computers, tablets, and smartphones.
Global Enterprise File Synchronization and Sharing (EFSS) Market Trends
The introduction of machine learning technology for data security is shaping the enterprise file synchronization and sharing (EFSS) market. Machine learning has become an essential tool in the field of data security. Through pattern detection, real-time cybercrime tracking, and in-depth penetration testing, machine learning proactively eliminates cyber threats and strengthens security infrastructure. Major companies operating in the EFSS sector are focusing on machine learning technology to protect data stored in EFSS from ransomware and breaches.
Global Enterprise File Synchronization and Sharing (EFSS) Market Segments
The global EFSS market is segmented:
By Component: Solutions, Services
By deployment mode: on-premises, cloud
By Application: Enterprise Content Management Systems, Enterprise Storage & Backup, Enterprise Document Collaboration, Enterprise Mobility, Others
By End User: IT & Telecom, Banking, Financial Services & Insurance, Retail, Manufacturing, Education, Government, Others
By Geography: The global EFSS market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Of these regions, North America accounts for the largest share.
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The Global Enterprise File Synchronization and Sharing (EFSS) Market Report 2022 is part of a series of new reports by The Business Research Company that provides EFSS market insights, synchronization market analysis and Enterprise File Sharing (EFSS) and forecasts the market size and growth for the world. EFSS Market, Enterprise File Synchronization and Sharing (EFSS) Market Share, EFSS Market Segments and Geographies, EFSS Market Players, Revenue, Profiles and Market Shares of Top EFSS Market Competitors. The EFSS Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Enterprise File Synchronization and Sharing (EFSS) Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Citrix Systems, Blackberry, Syncplicity by Axway, Egnyte, Nextcloud, OpenText, Box, Microsoft Azure, Dropbox Inc., Accellion, SugarSync, Northbridge Secure Systems, Intralinks, SkySync, IBM, Acronis, CTERA Networks, HighQ and XMedius Solutions.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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