How Has The Enterprise File Synchronization And Sharing (EFSS)Market Size Evolved In Recent Years?
The enterprise file synchronization and sharing (efss) market has seen considerable growth due to a variety of factors.
• The market size of the enterprise file synchronization and sharing (EFSS) has seen a significant upward trend in the past years. The market is predicted to escalate from $12.11 billion in 2024 to $15.09 billion in 2025, with an impressive compound annual growth rate (CAGR) of 24.6%.
Factors such as the surge in mobile device usage, enhanced file version control, increased productivity, data security issues, as well as improved analytics and reporting features has been instrumental in the historical growth of this market.
What Is The Projected Growth Of The Enterprise File Synchronization And Sharing (EFSS) Market?
The enterprise file synchronization and sharing (efss) market is expected to maintain its strong growth trajectory in upcoming years.
• The market for enterprise file synchronization and sharing (EFSS) is projected to expand significantly in the coming years, reaching a market size of $41.98 billion by 2029, with a compound annual growth rate (CAGR) of 29.1%.
The forecasted growth can be associated with improved security measures, content lifecycle management, analysis of user behavior, and considerations around data residency and sovereignty. Integration with identity and access management (IAM) solutions, mobile file access and collaboration, models of hybrid cloud deployment, adherence to data privacy regulations, and enterprise-caliber file syncing and sharing solutions are anticipated to be notable trends during the forecast period.
What Key Factors and Trends are Driving the Growth of the Enterprise File Synchronization And Sharing (EFSS) Market?
Concerns over data security are anticipated to stimulate the expansion of the enterprise file synchronization and sharing market in the future. Data security forms a critical part of a comprehensive security strategy designed to identify, assess, and counter risks associated with data protection. Many companies are apprehensive about the security of their digital data and hence, Enterprise file-synchronization and sharing (EFSS) systems are incorporating security measures such as authentication, data encryption, containerization, and tracking to safeguard this data. AAG IT Services, a worldwide provider of IT products and services based in the UK, reported that there had been in excess of 236.1 million ransomware assaults and 53.35 million US residents had been victims of cybercrime in the initial half of 2022.
What are the Market Segments in the Enterprise File Synchronization And Sharing (EFSS) Market?
The enterprise file synchronization and sharing (EFSS) market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Application: Enterprise Content Management Systems, Enterprise Storage And Backup, Enterprise Document Collaboration, Enterprise Mobility, Other Applications
4) By End-User: IT And Telecom, Banking, Financial Services and Insurance, Retail, Manufacturing, Education, Government, Other End Users
Subsegments:
1) By Solutions: Cloud Storage Solutions, File Sharing Solutions, Collaboration Tools, Data Security Solutions, Mobile File Access Solutions
2) By Services: Implementation Services, Consulting Services, Support And Maintenance Services, Training Services
Pre-Book The Enterprise File Synchronization And Sharing (EFSS) Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends are Shaping the Enterprise File Synchronization And Sharing (EFSS) Market?
Key players in the enterprise file synchronization and sharing (EFSS) market are innovating and developing cutting-edge solutions such as storage platforms. These platforms or services offer the tools and infrastructure for managing, storing, and retrieving data, allowing users to securely save their information in either physical or cloud-based settings. An example of this technology advancement came in October 2023 when Hitachi Vantara, a company that assists businesses in utilizing data to innovate and grow, introduced the Hitachi Virtual Storage Platform One. This product is a unified hybrid cloud data platform that offers one data layer for both organized and disorganized data across block, file, and object storage. This makes it possible for companies to run a variety of applications on site and in the public cloud, without any associated difficulties. It offers a unified architecture that unifies management of critical workloads at scale across different storage types. By eradicating infrastructure, data, and application barriers, the Virtual Storage Platform One provides organizations a reliable foundation and easy access to necessary data as required, all controlled by one AI-powered software stack.
Who Are the Key Players in the Enterprise File Synchronization And Sharing (EFSS) Market?
Major companies operating in the enterprise file synchronization and sharing (EFSS) market include:
• Citrix Systems Inc.
• Axway Inc. (Syncplicity is a product of Axway)
• Egnyte Inc.
• Nextcloud GmbH
• OpenText Corporation
• Box Inc.
• Microsoft Azure (part of Microsoft Corporation)
• Dropbox Inc.
• Accellion Inc.
• Intralinks Holdings Inc.
• SkySync LLC
• International Business Machines Corporation
• Acronis International GmbH
• CTERA Networks Ltd.
• HighQ Solutions Limited
• XMedius Solutions Inc.
• Workshare Ltd.
• CodeLathe LLC
• ExaVault Inc.
• GlobalSCAPE Inc.
• Acronis LLC
• SmartFile Corp.
What are the Regional Insights into the Enterprise File Synchronization And Sharing (EFSS) Market?
North America was the largest region in the enterprise file synchronization and sharing (EFSS) market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise file synchronization and sharing (EFSS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
