Global Enterprise File Sharing and Synchronization (EFSS) Market is Expected to USD 3.51 Billion by 2020

Date: 2016-05-09

“The rising need for digitalization of business processes and file sharing solutions, with mobility support, in enterprises to drive the Enterprise File Sharing and Synchronization (EFSS) market”
The EFSS market size is expected to grow from USD 1.11 billion in 2015 to USD 3.51 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 25.7%. There is a strong need for EFSS solutions in almost all industry verticlas to effectively manage huge data being generated on a daily basis. Other factors driving the growth of the EFSS market are demand for cloud-based integration solutions to provide mobility support, and the increasing trend of Bring-Your-Own-Device (BYOD).

“Virtualization is estimated to contribute the largest market share by 2020”
Among the application types, virtualization is expected to contribute the highest in the overall revenue generation in the EFSS 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 enhaned security to their data. Hosted 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. Among the regions, North America is expected to lead the market in terms of revenue, followed by Europe and Asia-Pacific (APAC). APAC and MEA are expected to show an increased demand for EFSS solutions. These regions are continuously becoming more and more data focused, resulting in the generation of high volumes of data; thus, they need intelligent EFSS solutions to identify and synchronize highly valuable sensitive data to less valuable sensitive data.

Various key EFSS vendors and service providers profiled in the report are as follows:
1. Microsoft Corporation
2. Google, Inc.
3. AirWatch (VMWare, Inc.)
4. Citrix Systems, Inc.
5. WatchDox, Inc. (Blackberry Limited)
6. Egnyte Inc.
7. Dropbox, Inc.
8. Sugarsync, Inc.
9. Syncplicity LLC

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