Enterprise File Synchronization and Sharing (EFSS) Market by Component (Standalone EFSS Solution, Integrated EFSS Solution, & Services), Deployment Type (Cloud & On-Premises), Organization Size, Industry Vertical and Region - Global Forecast to 2023 - Product Image

Enterprise File Synchronization and Sharing (EFSS) Market by Component (Standalone EFSS Solution, Integrated EFSS Solution, & Services), Deployment Type (Cloud & On-Premises), Organization Size, Industry Vertical and Region - Global Forecast to 2023

  • ID: 4530289
  • Report
  • Region: Global
  • 166 Pages
  • Markets and Markets
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Global Enterprise File Synchronization and Sharing (EFSS) Market Size Expected to Grow from USD 3.35 Billion in 2018 to USD 10.94 Billion by 2023, at a CAGR of 26.7%

FEATURED COMPANIES

  • Accellion
  • Citrix Systems
  • Egnyte
  • Inspire-Tech Pte Ltd
  • OpenText
  • SugarSync
  • MORE

"The emphasis of businesses on the security aspects of the corporate data is driving the growth of the EFSS market"

The global Enterprise File Synchronization and Sharing (EFSS) market size is expected to grow from USD 3.35 billion in 2018 to USD 10.94 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.7% during the forecast period. The increasing penetration of smartphones across businesses, a rise in mobile workforce, the increasing collaboration between employees and enterprises, and stringent government regulations over data security are some of the factors expected to drive the EFSS market. However, the high cost of EFSS solutions may act as the restraining factor for the growth of the EFSS market.

"The public cloud deployment type is expected to have the largest market share during the forecast period"

The public cloud deployment type is expected to have the largest market share in the EFSS market during the forecast period. The public cloud deployment model offers various benefits to enterprises. Some of these benefits include scalability, reliability, flexibility, and remote location access. The public cloud deployment type is preferred by the enterprises that have less regulatory hurdles, and are willing to outsource their storage facilities, either fully or partially.

"The Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to hold the largest market share during the forecast period"

Among industry verticals, the Banking, Financial, and Insurance (BFSI) industry vertical is expected to hold the largest market share during the forecast period. The growth in the EFSS market, especially in the BFSI industry vertical, can be attributed to the increasing financial services, IT automation, and reforms in economies and banking services worldwide. EFSS solutions help BFSI organizations in improving their workforce productivity, streamlining business operations, enhancing customer experience, and ensuring compliances and regulatory policies.

"Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period"

In terms of regions, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The APAC region is expected to register continuous growth, majorly due to advancements in various industry verticals, namely, BFSI, government, education, healthcare, transportation and logistics, and retail.

Organizations in this region have shifted toward the mobile-first approach and are focusing more on improving the workforce productivity. Several factors are expected to drive the impressive growth of the APAC region. The factors include rapid economic development, globalization, Foreign Direct Investment (FDI), cloud-based solutions, growing Corporate-Owned Personally-Enabled (COPE) trend, and massive penetration of smartphones and internet across consumers and business segments. Countries that would constitute a major portion of the market include China, India, Japan, South Korea, and Australia.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the EFSS market.

The breakup of the profiles of the primary participants is given below:

  • By Company: Tier 1 - 35%, Tier 2 - 39%, and Tier 3 - 26%
  • By Designation: C-Level - 55%, Director Level - 40%, and Others - 5%
  • By Region: North America - 38%, Europe - 40%, APAC - 21%, and Rest of the World (RoW) - 1%

The key EFSS vendors profiled in the report are as follows:

  • Dropbox (US)
  • Microsoft (US)
  • Box (US)
  • Citrix Systems (US)
  • Syncplicity by Axway (US)
  • Egnyte (US)
  • BlackBerry (Canada)
  • IBM (US)
  • VMware (US)
  • Google (US)
  • Acronis International (Switzerland)
  • OpenText (Canada)
  • Thru. Inc. (US)
  • Accellion (US)
  • j2 Global (SugarSync) (US)
  • MyWorkDrive by Wanpath LLC (US)
  • SkySync (US)
  • HighQ Solutions (UK)
  • Nextcloud (Germany)
  • ownCloud (Germany)
  • CodeLathe (FileCloud) (US)
  • Intralinks (US)
  • Qnext Corp. (FileFlex) (Canada)
  • XMedius Solutions (Canada)
  • Inspire-Tech (Singapore/US)
  • CTERA Networks (Israel/US)
  • Northbridge Secure Systems (Australia)

Research Coverage

The EFSS market is segmented based on components (standalone EFSS solution, integrated EFSS solution, and services), deployment types, organization size, industry verticals, and regions. The detailed analysis of the key industry players is done to provide insights into their business overviews; services; key strategies; new service launches; partnerships; agreements; and collaborations; expansions; and competitive landscape associated with the global EFSS market.

Reasons to Buy the Report

The report would help market leaders/new entrants in the following ways:

  • The report segments the EFSS market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
  • The report would help stakeholders understand the pulse of the market, and provides information on the key market drivers, restraints, challenges, and opportunities.
  • The report would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystems, new service developments, partnerships, and acquisitions.
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FEATURED COMPANIES

  • Accellion
  • Citrix Systems
  • Egnyte
  • Inspire-Tech Pte Ltd
  • OpenText
  • SugarSync
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities in the Enterprise File Synchronization and Sharing Market
    4.2 EFSS Market, Market Share of the Top 4 Industry Verticals and Regions, 2018
    4.3 Market Investment Scenario

5 Market Overview and Industry Trends
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 The Growing Digital Workplace and Mobile Workforce
                    5.1.1.2 Increasing Collaborations Between Employees and Enterprises
                    5.1.1.3 The Emphasis of Businesses on the Security Aspects of the Corporate Data
                    5.1.1.4 Stringent Government Compliances and Regulations
           5.1.2 Restraints
                    5.1.2.1 The High Cost of EFSS Solutions
           5.1.3 Opportunities
                    5.1.3.1 Increasing Adoption of Cloud-Based Solutions
                    5.1.3.2 Emerging Potential Markets
                    5.1.3.3 High Demand for Integrated EFSS Solutions Among Businesses
           5.1.4 Challenges
                    5.1.4.1 Reluctance to Adopt EFSS Solutions, Due to Security Concerns and Data Privacy Issues
                    5.1.4.2 Difficulties in Selecting the Right EFSS Vendor, and the Intense Market Competition
    5.2 Regulatory Landscape
           5.2.1 Health Insurance Portability and Accountability Act (HIPAA)
           5.2.2 General Data Protection Regulation (GDPR)
           5.2.3 Federal Information Security Management Act (FISMA)
           5.2.4 Payment Card Industry Data Security Standard (PCI DSS)
           5.2.5 Sarbanes-Oxley Act (SOX)
           5.2.6 Gramm-Leach-Bliley Act (GLBA)
           5.2.7 Family Educational Rights and Privacy Act (FERPA)
           5.2.8 International Organization for Standardization (ISO) 27001

6 Enterprise File Synchronization and Sharing Market, By Component
    6.1 Introduction
    6.2 Standalone EFSS Solution
    6.3 Integrated EFSS Solution
    6.4 Services
           6.4.1 Professional Services
                    6.4.1.1 Consulting Services
                    6.4.1.2 Integration and Deployment
                    6.4.1.3 Training and Support
           6.4.2 Managed Services

7 EFSS Market, By Deployment Type
    7.1 Introduction
    7.2 Cloud
           7.2.1 Public Cloud
           7.2.2 Private Cloud
           7.2.3 Hybrid Cloud
    7.3 On-Premises

8 Enterprise File Synchronization and Sharing Market, By Organization Size
    8.1 Introduction
    8.2 Large Enterprises
    8.3 Small and Medium-Sized Enterprises

9 EFSS Market, By Industry Vertical
    9.1 Introduction
    9.2 Banking, Financial Services, and Insurance
           9.2.1 Use Case: Granular Control Over File Sharing
    9.3 Software and Technology
           9.3.1 Use Case: Replacing Traditional Solutions With A New Unified File Management Solution
    9.4 Government and Public Sector
           9.4.1 Use Case: Egovernance
    9.5 Healthcare
           9.5.1 Use Case: Sharing Medical Records Effectively With Clients By Ensuring Compliance
    9.6 Legal
           9.6.1 Use Case: File Sharing With Granular Control on Data Security
    9.7 Education
           9.7.1 Use Case: Easy File Sharing With EFSS
    9.8 Retail
           9.8.1 Use Case: Sharing Large Files to Other Retail Locations
    9.9 Media and Entertainment
           9.9.1 Use Case: Ticket Bookings and Entertainment-Related Blogs
    9.10 Others

10 EFSS Market, By Region
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Latin America
     10.6 Middle East and Africa

11 Competitive Landscape
     11.1 Overview
     11.2 Prominent Players Operating in the Enterprise File Synchronization and Sharing Market
     11.3 Competitive Situations and Trends
             11.3.1 New Product Launches/Product Enhancements
             11.3.2 Partnerships, Agreements, and Collaborations
             11.3.3 Acquisitions
             11.3.4 Business Expansions

12 Company Profiles
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, View)*
     12.2 Box
     12.3 Citrix Systems
     12.4 Dropbox
     12.5 Microsoft
     12.6 Syncplicity By Axway
     12.7 Google
     12.8 IBM
     12.9 BlackBerry
     12.10 Egnyte
     12.11 VMware
     12.12 Acronis
     12.13 OpenText
     12.14 Thru Inc.
     12.15 Accellion
     12.16 SugarSync
     12.17 CTERA Networks
     12.18 Nextcloud GmbH
     12.19 MyWorkDrive By Wanpath LLC
     12.20 Qnext Corp.
     12.21 Northbridge Secure Systems Pty Ltd
     12.22 Inspire-Tech Pte Ltd
     12.23 SkySync
     12.24 HighQ
     12.25 Intralinks
     12.26 ownCloud
     12.27 CodeLathe
     12.28 XMedius Solutions

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 Enterprise File Synchronization and Sharing Market Size, By Component, 2016-2023 (USD Million)
Table 2 Standalone EFSS Solution: Market Size By Region, 2016-2023 (USD Million)
Table 3 Integrated EFSS Solution: Market Size By Region, 2016-2023 (USD Million)
Table 4 Services: EFSS Market Size, By Type, 2016-2023 (USD Million)
Table 5 Professional Services Market Size, By Type, 2016-2023 (USD Million)
Table 6 Professional Services Market Size, By Region, 2016-2023 (USD Million)
Table 7 Consulting Services Market Size, By Region, 2016-2023 (USD Million)
Table 8 Integration and Deployment Market Size, By Region, 2016-2023 (USD Million)
Table 9 Training and Support Market Size, By Region, 2016-2023 (USD Million)
Table 10 Managed Services Market Size, By Region, 2016-2023 (USD Million)
Table 11 EFSS Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 12 Cloud: Market Size By Region, 2016-2023 (USD Million)
Table 13 EFSS Market Size, By Cloud Deployment Model, 2016-2023 (USD Million)
Table 14 Public Cloud Market Size, By Region, 2016-2023 (USD Million)
Table 15 Private Cloud Market Size, By Region, 2016-2023 (USD Million)
Table 16 Hybrid Cloud Market Size, By Region, 2016-2023 (USD Million)
Table 17 On-Premises: Market Size By Region, 2016-2023 (USD Million)
Table 18 Enterprise File Synchronization and Sharing Market Size, By Organization Size, 2016-2023 (USD Million)
Table 19 Large Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 21 EFSS Market Size, By Industry Vertical, 2016-2023 (USD Million)
Table 22 Banking, Financial Services, and Insurance: EFSS Market Size, By Region, 2016-2023 (USD Million)
Table 23 Software and Technology: Market Size By Region, 2016-2023 (USD Million)
Table 24 Government and Public Sector: Market Size By Region, 2016-2023 (USD Million)
Table 25 Healthcare: Market Size By Region, 2016-2023 (USD Million)
Table 26 Legal: Market Size By Region, 2016-2023 (USD Million)
Table 27 Education: Market Size By Region, 2016-2023 (USD Million)
Table 28 Retail: Market Size By Region, 2016-2023 (USD Million)
Table 29 Media and Entertainment: Market Size By Region, 2016-2023 (USD Million)
Table 30 Others: EFSS Market Size, By Region, 2016-2023 (USD Million)
Table 31 Enterprise File Synchronization and Sharing Market Size, By Region, 2016-2023 (USD Million)
Table 32 North America: Market Size By Component, 2016-2023 (USD Million)
Table 33 North America: Market Size By Service, 2016-2023 (USD Million)
Table 34 North America: Market Size By Professional Service, 2016-2023 (USD Million)
Table 35 North America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 36 North America: Market Size By Cloud Deployment Model, 2016-2023 (USD Million)
Table 37 North America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 38 North America: Market Size By Industry Vertical, 2016-2023 (USD Million)
Table 39 Europe: EFSS Market Size, By Component, 2016-2023 (USD Million)
Table 40 Europe: Market Size By Service, 2016-2023 (USD Million)
Table 41 Europe: Market Size By Professional Service, 2016-2023 (USD Million)
Table 42 Europe: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 43 Europe: Market Size By Cloud Deployment Model, 2016-2023 (USD Million)
Table 44 Europe: Market Size By Organization Size, 2016-2023 (USD Million)
Table 45 Europe: Market Size By Industry Vertical, 2016-2023 (USD Million)
Table 46 Asia Pacific: EFSS Market Size, By Component, 2016-2023 (USD Million)
Table 47 Asia Pacific: Market Size By Service, 2016-2023 (USD Million)
Table 48 Asia Pacific: Market Size By Professional Service, 2016-2023 (USD Million)
Table 49 Asia Pacific: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 50 Asia Pacific: Market Size By Cloud Deployment Model, 2016-2023 (USD Million)
Table 51 Asia Pacific: Market Size By Organization Size, 2016-2023 (USD Million)
Table 52 Asia Pacific: Market Size By Industry Vertical, 2016-2023 (USD Million)
Table 53 Latin America: Enterprise File Synchronization and Sharing Market Size, By Component, 2016-2023 (USD Million)
Table 54 Latin America: EFSS Market Size, By Service, 2016-2023 (USD Million)
Table 55 Latin America: Market Size By Professional Service, 2016-2023 (USD Million)
Table 56 Latin America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 57 Latin America: Market Size By Cloud Deployment Model, 2016-2023 (USD Million)
Table 58 Latin America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 59 Latin America: Market Size By Industry Vertical, 2016-2023 (USD Million)
Table 60 Middle East and Africa: Enterprise File Synchronization and Sharing Market Size, By Component, 2016-2023 (USD Million)
Table 61 Middle East and Africa: EFSS Market Size, By Service, 2016-2023 (USD Million)
Table 62 Middle East and Africa: Market Size By Professional Service, 2016-2023 (USD Million)
Table 63 Middle East and Africa: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 64 Middle East and Africa: Market Size By Cloud Deployment Model, 2016-2023 (USD Million)
Table 65 Middle East and Africa: Market Size By Organization Size, 2016-2023 (USD Million)
Table 66 Middle East and Africa: Market Size By Industry Vertical, 2016-2023 (USD Million)
Table 67 New Product Launches/Product Enhancements, 2016-2018
Table 68 Partnerships, Agreements, and Collaborations, 2015-2018
Table 69 Mergers and Acquisitions, 2015-2018
Table 70 Business Expansions, 2015-2018

List of Figures
Figure 1 Enterprise File Synchronization and Sharing Market Segmentation
Figure 2 EFSS Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 EFSS Market: Assumptions
Figure 8 Top 3 Segments of the EFSS Market in 2018
Figure 9 EFSS Market Share, By Component, 2018
Figure 10 EFSS Market Share, By Deployment Type, 2018
Figure 11 EFSS Market Share, By Organization Size, 2018
Figure 12 Enterprise File Synchronization and Sharing Market: Regional Snapshot
Figure 13 The Emphasis of Businesses on the Security of the Corporate Data is Expected to Drive the EFSS Market Growth
Figure 14 Banking, Financial Services, and Insurance Industry Vertical, and North America are Estimated to Have the Largest Market Shares in 2018
Figure 15 Asia Pacific is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 16 EFSS Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Integrated EFSS Solution Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Consulting Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Cloud Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Hybrid Cloud Deployment Model is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Healthcare Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific is Expected to Be an Attractive Destination for the Growth of the Enterprise File Synchronization and Sharing Market During the Forecast Period
Figure 25 North America: Market Snapshot
Figure 26 Asia Pacific: Market Snapshot
Figure 27 Key Developments By Leading Players in the EFSS Market During 2014-2018
Figure 28 Geographic Revenue Mix of Top Market Players
Figure 29 Box: Company Snapshot
Figure 30 Box: SWOT Analysis
Figure 31 Citrix Systems: Company Snapshot
Figure 32 Citrix Systems: SWOT Analysis
Figure 33 Dropbox: SWOT Analysis
Figure 34 Microsoft: Company Snapshot
Figure 35 Microsoft: SWOT Analysis
Figure 36 Syncplicity By Axway: SWOT Analysis
Figure 37 Google: Company Snapshot
Figure 38 IBM: Company Snapshot
Figure 39 Blackberry: Company Snapshot
Figure 40 VMware: Company Snapshot
Figure 41 Opentext: Company Snapshot

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  • Accellion
  • Acronis
  • BlackBerry
  • Box
  • CTERA Networks
  • Citrix Systems
  • CodeLathe
  • Dropbox
  • Egnyte
  • Google
  • HighQ
  • IBM
  • Inspire-Tech Pte Ltd
  • Intralinks
  • Microsoft
  • MyWorkDrive By Wanpath LLC
  • Nextcloud GmbH
  • Northbridge Secure Systems Pty Ltd
  • OpenText
  • Qnext Corp.
  • SkySync
  • SugarSync
  • Syncplicity By Axway
  • Thru Inc.
  • VMware
  • XMedius Solutions
  • ownCloud
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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