Enterprise File Sharing and Synchronization (EFSS) Market worth 3.51 Billion USD by 2020

May 03, 2016, 10:30 ET from MarketsandMarkets

PUNE, India, May 3, 2016 /PRNewswire/ --

According to a new market research report, "Enterprise File Sharing and Synchronization (EFSS) Market by Application Types (Enterprise Storage & Backup, Cloud Virtualization, Document Collaboration, Content Management and Enterprise Mobility), by Deployment Type (Hosted and On-Premises), by Vertical, by Region - Global Forecast to 2020", published by MarketsandMarkets, is estimated to grow from USD 1.11 Billion in 2015 to USD 3.51 Billion by 2020, at a CAGR of 25.7% during the forecast period.

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Browse 70 market data Tables and 46 Figures spread through 138 Pages and in-depth TOC on "Enterprise File Sharing and Synchronization (EFSS) Market"

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The strong need for EFSS solutions to effectively manage the huge data being generated on a daily basis and demand for cloud-based integration to provide mobility support at low cost are driving the EFSS market. Furthermore, the market is expected to be driven by Bring-Your-Own-Device (BYOD) trend.

Virtualization to play a key role in the EFSS market 

Among the application types, virtualization is expected to contribute the highest in the overall revenue generation in the Enterprise File Sharing and Synchronization Market by 2020. The application allows optimal utilization of resources and thus, enterprises are increasingly moving towards virtualization technologies to speed up their business processes and provide enhanced security to their data. Cloud-based EFSS solutions are expected to show higher traction among the enterprises, particularly Small and Medium Businesses (SMBs), due to its low cost and mobility feature.

North America and Europe to be the largest markets of EFSS till 2020 

The geographic analysis of the EFSS market mainly delves into the division of end-user and deployment types across five major regional segments, namely, North America, Asia-Pacific (APAC), Europe, Latin America, and the Middle East and Africa (MEA). North America is likely to lead the market in terms of revenue, followed by Europe and APAC.

North America has been extremely responsive towards adopting the latest technological advancements such as integration technologies with cloud and mobile technologies within traditional EFSS solutions. Europe has a competent technology background, and the strong proliferation of computing devices has further stimulated the industries to adopt EFSS solutions for the protection of crucial enterprise data collected from various sources. Many countries in the APAC region are increasingly moving toward digitalization of their processes, resulting in larger generation of data. This market is also forecast to have the "next big boom" with regards to the ever-increasing adoptions of EFSS solutions.

The major vendors in the Enterprise File Sharing and Synchronization Market include Microsoft, Google, AirWatch by VMWare, Citrix, WatchDox by Blackberry, Egnyte, Dropbox, Sugarsync, and Syncplicity. A detailed analysis of key industry players has been done to provide their business overview, products and services, key strategies, and recent developments associated with the EFSS market.

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The Enterprise File Sharing and Synchronization Market have been segmented into application types, service types, end-users, deployment types, verticals, and regions. Various application types include enterprise storage & backup, enterprise content management system, cloud virtualization, enterprise mobility, enterprise document collaboration, and various others. Services types offered in the EFSS market are managed services, and professional services. End-users are segmented into Small and Medium Businesses (SMBs) and large enterprises. Deployment types are classified as hosted, and on-premises. Various industry verticals are academia & education, government & defence, consumer goods & retail, IT & telecom, manufacturing, energy & power, transportation & logistics, and various others. Finally, the EFSS market is segmented according to the regions of North America, Europe, APAC, MEA, and Latin America.

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