Published Date: 30-Apr-22
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According to a new report, published by KBV research, The Global Enterprise File Synchronization and Sharing (EFSS) Market size is expected to reach $25.8 billion by 2027, rising at a market growth of 26.7% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 28.7% during (2021 - 2027). Further the service segment is subdivided into Professional Services, and Managed Services. In 2020, the Managed Services segment held a significant revenue share of the Enterprise File Synchronization and Sharing market. This is because Managed service providers own the client relationship and benefit from special partner pricing when their customers renew their subscriptions year after year, increasing demand.
The Large Enterprises segment acquired the maximum revenue share in the Global Enterprise File Synchronization and Sharing (EFSS) Market by Organization Size 2020, thereby, achieving a market value of $15.7 billion by 2027. This is because of the availability of advanced & effective solutions, simplicity of use of apps, increased data security, and data backup services. In addition, these enterprises can manage and safeguard their company data with EFSS solutions, allowing them to move away from desk-based operations and concentrate more on business objectives.
The Healthcare segment has shown a growth rate of 28.3% during (2021 - 2027). This is because patients, doctors, nurses, and other support personnel are increasingly using mobile devices, which is projected to accelerate the adoption of EFSS solutions in this market. Healthcare stakeholders share a lot of information through mobile devices, laptops, and desktops. By assuring data security and compliance, EFSS systems assist healthcare businesses in securely sending and accessing information. Additionally, these technologies assist healthcare stakeholders in improving patient monitoring, optimizing clinical workflows, and guaranteeing device and application compliance and security.
The North America market dominated the Global Enterprise File Synchronization and Sharing (EFSS) Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9.0 billion by 2027, growing at a CAGR of 25% during the forecast period. The Europe market is expected to witness a CAGR of 25.8% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 28.8% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Box, Inc., Microsoft Corporation, VMware, Inc., Google LLC, OpenText Corporation, Thomson Reuters Corporation, Dropbox, Inc., Citrix Systems, Inc., and BlackBerry Limited.
By Solution Type
By Services Type
By Organization Type
By Deployment Mode
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