![]() The market is majorly driven by the rising concerns regarding the security and privacy of enterprise data. Enterprise File Synchronization and Sharing (EFSS) Market Trends: Consequently, small and medium enterprises are extensively adopting EFSS services to facilitate digitization, smart technology, and automation. Collaboration, communication, and content management tasks can be managed seamlessly through enterprise file-sharing tools. As part of EFSS services, users are able to store, review, edit, and share documents using advanced features, such as live version tracking, commenting, and workflow process management. With these software services, data can be securely synchronized and shared between employees, external clients, and partners across multiple devices. ![]() Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2028, exhibiting a growth rate (CAGR) of 22.72% during 2023-2028.Įnterprise file synchronization and sharing (EFSS) is a software service that enables users to sync and share files like photos, documents, and videos in cloud storage or on-premises storage, and access them on other computing devices. Organizations in this region have also shifted toward the mobile-first approach and are focusing more on improving workforce productivity.The global enterprise file synchronization and sharing (EFSS) market size reached US$ 8.1 Billion in 2022. ![]() ![]() The EFSS market in APAC is expected to experience strong growth in the coming years, as organizations in this region are looking forward to adopting file sync and share solutions to meet the demands of the dynamic mobile workforce and government regulations. The overall adoption of cloud-based EFSS solutions is on the rise, and these solutions are expected to be in high demand during the forecast period due to their functionalities and core features.īy region, Asia Pacific to grow at the highest CAGR during the forecast period The advantages of deploying cloud-based EFSS solutions include flexibility, scalability, affordability, operational efficiencies, and low costs. In this deployment type, EFSS solutions are delivered via the cloud. The managed services segment helps organizations in lowering the security risks and protecting their business data.īy deployment mode, cloud segment to lead the market during the forecast periodĬloud computing is one of the most effective technologies today. The professional services segment has been further categorized into three types, namely, consulting services, integration and deployment, and training and support. Major factors driving the growth of the EFSS market include continuously rising digital workplace and mobile workforce, increasing collaborations between employees and enterprises, emphasis of businesses on corporate data security, and stringent government compliances and regulations.īy component, services segment to grow at a higher CAGR during the forecast periodĪ majority of the EFSS vendors offer two major types of services, namely, professional services and managed services. The publisher projects the EFSS market to grow from USD 6.1 billion in 2021 to USD 20.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 27.4% during the forecast period. DUBLIN-( BUSINESS WIRE)-The "Global Enterprise File Synchronization and Sharing (EFSS) Market With COVID-19 Impact by Component (Solutions, Services), Deployment Mode (Cloud, On-premises), End User (Large Enterprises, SMEs), Vertical (BFSI, Healthcare), and Region - Forecast to 2026" report has been added to 's offering. ![]()
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