NEW YORK, Jan. 24, 2017 /PRNewswire/ -- Enterprise File Sharing and Synchronization (EFSS) solution allows individuals and organizations to share and synchronize various kinds of files across and out of the organization and allowing access to individuals, organizations and customers. Dropbox, Microsoft, Google, Box and Citrix are among the major players operating in this market. North America, being a technologically advanced region along with high number of small and large enterprises, has witnessed highest adoptions of EFSS by various organizations. Europe is the second largest adopter of EFSS solutions, while APAC region with growing numbers of various organizations and increasing technological trends lags behind the above two regions. Global EFSS market is expected to grow from US$ 1.35 billion in 2015 to US$ 10.59 billion by 2025 at a CAGR of 23.2% between 2015 and 2025.
The report focuses on an in-depth segmentation of this market based by deployment type, solution, service, end-user and industry verticals. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-user vertical healthcare & life sciences sector accounted for the largest share of the EFSS market in 2015; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global EFSS market with detailed market segmentation. Also, it analyzes the current EFSS market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide porter's five forces analysis and SWOT analysis for all company profiled in the report.
North America is one of the prominent regions in EFSS market which will contribute highest revenue globally due to technological developments and considerable implementation of EFSS technology in different application segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in IT sector will pave the path for increasing adoption and propel the market for EFSS. The region is expected to lead the market with highest CAGR during the forecast period. Some of the key players of EFSS market include Accellion, Inc., Google, Inc., Microsoft Corporation, Box, Inc., Citrix Systems, Inc., Dropbox, Inc., Vmware Inc., Syncplicity LLC, and Sugarsync, Inc., among others.
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