Global Enterprise File Synchronization And Sharing (EFSS) Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The enterprise file synchronization and sharing (EFSS) market consists of sales of enterprise file synchronization and sharing services and solutions by entities (organizations, sole traders, and partnerships) that improve content management, collaboration, and secure file sharing among employees. Enterprise file sync-and-share is a service that enables users to preserve files in the cloud or on-premises storage and subsequently access them on their desktops and mobile devices. They use file synchronization, or copying, to save files in an authorized data repository, which can subsequently be accessed remotely by employees using EFSS-compatible PCs, tablets, and smartphones.

Global Enterprise File Synchronization And Sharing (EFSS) Market Size And Drivers:

The global enterprise file synchronization and sharing market is expected to grow from $4.65 billion in 2020 to $6.01 billion in 2021 at a compound annual growth rate (CAGR) of 29.3%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The EFSS market size is expected to reach $15.94 billion in 2025 at a CAGR of 27.6%. Increasing data security concerns are expected to drive the growth of the enterprise file synchronization and sharing market in the coming years.

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Trends In The Global Enterprise File Synchronization And Sharing (EFSS) Market

The introduction of machine learning technology for data security is shaping the enterprise file synchronization and sharing market. Machine learning has emerged as a critical tool in the field of data security. Through pattern detection, real-time cybercrime tracking, and extensive penetration testing, machine learning proactively stamps out cyber threats and strengthens security infrastructure. Major companies operating in the EFSS sector are focusing on machine learning technology to protect EFSS-stored data from ransomware and breaches.

Global Enterprise File Synchronization And Sharing (EFSS) Market Segments:
The global enterprise file synchronization and sharing (EFSS) market is further segmented based on component, deployment mode, application, end user and geography.
By Component: Solutions, Services
By Deployment Mode: On-Premises, Cloud
By Application: Enterprise Content Management Systems, Enterprise Storage And Backup, Enterprise Document Collaboration, Enterprise Mobility, Others
By End-User: IT And Telecom, Banking, Financial Services And Insurance, Retail, Manufacturing, Education, Government, Others
By Geography: The global enterprise file synchronization and sharing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the EFSS market in 2020.

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Enterprise File Synchronization And Sharing (EFSS) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides enterprise file synchronization and sharing (EFSS) market overviews, analyzes and forecasts market size and growth for the global enterprise file synchronization and sharing (EFSS) market, enterprise file synchronization and sharing (EFSS) market share, enterprise file synchronization and sharing (EFSS) market players, enterprise file synchronization and sharing (EFSS) market segments and geographies, enterprise file synchronization and sharing (EFSS) market’s leading competitors’ revenues, profiles and market shares. The enterprise file synchronization and sharing (EFSS) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.