Enterprise file sharing and synchronization (EFSS) refers to solutions that allow users to securely store, share, and synchronize various media files, such as documents, videos, photos, and others, among people using different devices. EFSS solutions offer services such as document live commenting, version tracking, and workflow process management to help users edit, store, share, and review files in real time. Organizations are adopting EFSS solutions to prohibit employees from saving or sharing important corporate data through public cloud storage and sharing services that are not under the control of IT administrators.
EFSS solutions are used for numerous applications, such as enterprise storage and backup, enterprise content management systems, cloud virtualization, enterprise mobility, enterprise document collaboration, and others. Cloud virtualization accounts for the lion’s share of the total EFSS market value. Cloud virtualization enables optimal utilization of resources, allowing enterprises to increasingly move toward virtualization technologies to speed up their business processes.
The overall EFSS solutions market is highly driven by the immense operational benefits offered by these solutions as compared to conventional data-sharing methods.
Some of the prominent features offered by EFSS solutions include:
- improved ease of use with document security and confidentiality
- Enhanced flexibility and scalability
- Faster core back-end processes
- Real-time access and elimination of travel and other expenses
- Safe and secure file sharing and storage
Another driving factor for the EFSS solutions market is the rapidly increasing adoption of cloud services. In recent years, numerous enterprises have extensively adopted cloud storage services such as Dropbox, Microsoft OneDrive, Google Drive, and others, thereby paving the way for EFSS solutions. The EFSS solutions market is highly consolidated, with companies such as Dropbox, Inc., Microsoft Corporation, and Google, Inc. contributing more than 60% of the total market value. Moreover, the growing popularity of the concept of a “bring your own device” (BYOD) policy has spurred the adoption of cloud storage services. Subsequently, EFSS solutions have witnessed significant penetration over the past few years.
The EFSS market is rapidly expanding its penetration into every industry that demands intuitive and secured mobile file-sharing capabilities. North America has been an early adopter of the latest technological developments, including integration and mobility solutions with the cloud within traditional EFSS solutions. Europe is the second-leading geographical region for the EFSS market, whereas Asia Pacific is estimated to register high growth during the forecast period.
The global Enterprise File Sharing and Synchronization (EFSS) Solutions Market is segmented on the following basis:
- Enterprise Storage and Backup
- Enterprise Content Management System
- Cloud Virtualization
- Enterprise Mobility
- Enterprise Document Collaboration
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- Media & Entertainment
- IT & Telecommunication
- Energy and Power
- North America
- rest of North America
- Rest of Europe
- South Asia
- Rest of Asia Pacific
Rest of the World (RoW)
- Latin America
- Middle East and Africa (MEA)
Key players identified in the Enterprise File Sharing and Synchronization (EFSS) Solutions Market include, but are not limited to:
Dropbox, Inc., Citrix Systems, Inc., Box, Inc., Egnyte, Inc., Microsoft Corporation, Google, Inc., WatchDox, Inc., Thru, Inc., Varonis Systems, Inc., Acronis International GmbH, VMware, Inc., Blackberry Ltd., and others