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.
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.
By component, services segment to grow at a higher CAGR during the forecast period
A majority of the EFSS vendors offer two major types of services, namely, professional services and managed services. The professional services segment has been further categorized into three types, namely, consulting services, integration and deployment, and training and support. The managed services segment helps organizations in lowering the security risks and protecting their business data.
By deployment mode, cloud segment to lead the market during the forecast period
Cloud computing is one of the most effective technologies today. It has impacted every line of business. In this deployment type, EFSS solutions are delivered via the cloud. The advantages of deploying cloud-based EFSS solutions include flexibility, scalability, affordability, operational efficiencies, and low costs. 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.
By region, Asia Pacific to grow at the highest CAGR during the forecast period
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. Organizations in this region have also shifted toward the mobile-first approach and are focusing more on improving workforce productivity.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Global Efss Market 4.2 North American Market, 2021 4.3 Asia-Pacific Market, 2021 4.4 Enterprise File Synchronization and Sharing Market, by Country
5 Market Overview and Market Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Continuously Rising Digital Workplace and Mobile Workforce 126.96.36.199 Increasing Collaborations Between Employees and Enterprises 188.8.131.52 Emphasis of Businesses on Corporate Data Security 184.108.40.206 Stringent Government Compliances and Regulations 5.2.2 Restraints 220.127.116.11 Need for Heavy Investments in Efss Solutions 5.2.3 Opportunities 18.104.22.168 Increasing Adoption of Cloud-Based Solutions 22.214.171.124 Emerging Economies Having Potential for Efss Markets 126.96.36.199 Rising Demand for Integrated Efss Solutions Among Businesses 5.2.4 Challenges 188.8.131.52 Rising Security Concerns and Data Privacy Issues 184.108.40.206 Presence of Various Efss Vendors and Intense Market Competition 5.3 COVID-19 Pandemic-Driven Market Dynamics and Factor Analysis 5.3.1 COVID-19 Impact Analysis: Impact of Drivers 220.127.116.11 Continuously Rising Digital Workplace and Mobile Workforce 18.104.22.168 Increasing Collaboration Between Employees and Enterprises 22.214.171.124 Emphasis of Businesses on Corporate Data Security 5.3.2 Drivers and Opportunities 5.3.3 Restraints and Challenges 5.3.4 Cumulative Growth Analysis 5.4 Industry Trends
6 Enterprise File Synchronization and Sharing Market, by Component 6.1 Introduction 6.1.1 Component: Impact of COVID-19 on Market 6.1.2 Component: Operational Drivers for the Efss Market 6.2 Solutions 6.2.1 Solutions: Impact of COVID-19 on Market 6.2.2 Solutions: Operational Drivers for the Market 6.2.3 Standalone 6.2.4 Integrated 6.3 Services 6.3.1 Services: Impact of COVID-19 on Market 6.3.2 Services: Operational Drivers for the Enterprise File Synchronization and Sharing Market 6.3.3 Professional Services 126.96.36.199 Professional Services: Impact of COVID-19 on Market 188.8.131.52 Professional Services: Operational Drivers for the Market 184.108.40.206 Consulting 220.127.116.11 Integration and Deployment 18.104.22.168 Training and Support 6.3.4 Managed Services
7 Enterprise File Synchronization and Sharing Market, by Deployment Mode 7.1 Introduction 7.1.1 Impact of COVID-19 on Market 7.1.2 Deployment Mode: Operational Drivers for the Market 7.2 Cloud 7.2.1 Cloud: Impact of COVID-19 on Market 7.2.2 Cloud: Operational Drivers for the Market 7.2.3 Public 7.2.4 Private 7.2.5 Hybrid 7.3 On-Premises
8 Enterprise File Synchronization and Sharing Market, by End-user 8.1 Introduction 8.1.1 Impact of COVID-19 on Market 8.1.2 End-user: Operational Drivers for the Market 8.2 Large Enterprises 8.3 Small and Medium-Sized Enterprises
9 Enterprise File Synchronization and Sharing Market, by Vertical 9.1 Introduction 9.1.1 Vertical: Impact of COVID-19 on the Market 9.1.2 Vertical: Market Drivers 9.2 Bfsi 9.2.1 Banking, Financial Services, and Insurance: Market Drivers 9.3 Software and Technology 9.3.1 Software and Technology: Market Drivers 9.4 Government and Public Sector 9.4.1 Government and Public Sector: Market Drivers 9.5 Healthcare 9.5.1 Healthcare: Market Drivers 9.6 Legal 9.6.1 Legal: Market Drivers 9.7 Education 9.7.1 Education: Market Drivers 9.8 Retail 9.8.1 Retail: Market Drivers 9.9 Media and Entertainment 9.9.1 Media and Entertainment: Market Drivers 9.10 Others
10 Enterprise File Synchronization and Sharing Market, by Region
11 Competitive Landscape 11.1 Overview 11.2 Market Evaluation Framework 11.3 Key Market Developments 11.3.1 Product Launches 11.3.2 Deals 11.3.3 Others 11.4 Market Share Analysis of Top Players 11.5 Historical Revenue Analysis 11.6 Company Evaluation Quadrant Overview 11.7 Company Evaluation Quadrant Methodology and Definitions 11.7.1 Star 11.7.2 Emerging Leaders 11.7.3 Pervasive 11.7.4 Participant 11.8 Company Product Footprint Analysis 11.9 Company Market Ranking Analysis 11.10 Startup/Sme Evaluation Matrix Methodology and Definitions 11.10.1 Progressive Companies 11.10.2 Responsive Companies 11.10.3 Dynamic Companies 11.10.4 Starting Blocks
12 Company Profiles 12.1 Major Players 12.1.1 Box 12.1.2 Citrix Systems 12.1.3 Dropbox 12.1.4 Microsoft 12.1.5 Google 12.1.6 Thomson Reuters 12.1.7 Ibm 12.1.8 Blackberry 12.1.9 Opentext 12.1.10 Vmware 12.1.11 Acronis 12.2 Start-Up/Sme Players 12.2.1 Ss&C Intralinks 12.2.2 Syncplicity by Axway 12.2.3 Egnyte 12.2.4 Thru 12.2.5 Accellion 12.2.6 Sugarsync 12.2.7 Ctera Networks 12.2.8 Nextcloud 12.2.9 Myworkdrive 12.2.10 Qnext 12.2.11 Northbridge Secure Systems 12.2.12 Inspire-Tech 12.2.13 Skysync 12.2.14 Codelathe 12.2.15 Owncloud