Enterprise File Sharing and Synchronization (EFSS) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Enterprise File Sharing and Synchronization (EFSS) Market size is projected to grow from USD 5.0 billion in 2020 to USD 15.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 26% during the forecast period 2021-2027.

Enterprise File Synchronization and Sharing (EFSS) is a software management service that enables employees to securely store files, photos, videos, and documents from multiple sources on-premises, allowing users to access the information they need from other devices. The service is becoming more popular because organizations can use it to discourage employees from using external file-sharing apps and manage data without IT department control. It helps individuals share documents with customers inside or outside the organization. Files can be edited or modified according to individual needs and expertise. EFSS provides services such as workflow process management and document live comment version tracking, allowing users to edit store shares and review files in real time. Depending on the deployment model, it is branched into private cloud, public cloud, and hybrid cloud.

Market Segments

Based on solutions

• Standalone EFSS Solution
• Integrated EFSS solution

Based on Professional Services

• Consulting
• Integration and Deployment
• Training and Support

Based on deployment mode

• On-premises
• Cloud

Key Players

The EFSS market comprises key solution and service providers, such as Box (US), Citrix Systems (US), Dropbox (US), IBM (US), Blackberry (Canada), Microsoft (US), Syncplicity by Axway (US), Egnyte (US), VMware (US), Google (US), Acronis (Switzerland), OpenText (Canada), Thru (US), Accellion (US), SugarSync (US), Nextcloud (Germany), Northbridge Secure Systems (Australia), ownCloud (Germany), Intralinks (US), Qnext Corporation (US), CTERA Networks (Israel), SkySync (US), HighQ (UK), Inspire-Tech (Singapore), MyWorkDrive (US)

Scope of the Report

The research study analyzes the global Enterprise File Sharing and Synchronization (EFSS) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Enterprise File Sharing and Synchronization (EFSS) Market Report

1. What was the Enterprise File Sharing and Synchronization (EFSS) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Enterprise File Sharing and Synchronization (EFSS) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Enterprise File Sharing and Synchronization (EFSS) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.