Global Enterprise File Synchronization and Sharing Market

Posted by Shubhangi Sapkal on August 19th, 2019

Global Enterprise File Synchronization and Sharing Market is expected to reach US$ 18.22 Bn by 2024 from US$ 2.78 Bn in 2016 at CAGR of 26.5%.

Global enterprise file synchronization and sharing market are segmented by the components, delivery mode, deployment types, organization size, industry verticals and geography. Component are splits into solution and services. Delivery mode are divided into distance learning, instructor led training and blended learning. Organization size classified as SMEs and large enterprises. Vertical are software and technology, healthcare, retail, BFSI, manufacturing, government and defence, telecom. Geography wise divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Global enterprise file sharing and synchronization market has grown at an exponential rate in the last few years due to evolution of digital workplace and organizations across verticals focusing on applications supported by new technologies. Another driving factor of enterprise file sharing and synchronization market was the increased use of mobile devices in the workplace such as smartphone and tablet. And, with the adoption of Bring-your-own-device concept is increasing in the workplace, the enterprise file sharing and synchronization market has significantly risen.

Additionally, owing collaboration between employees, customers and partners, the need for having an efficient enterprise file sharing and synchronization application has risen Based on verticals, the Banking, Financial, and Insurance (BFSI) industry vertical is expected to hold the largest market share during the forecast period. Growth in the EFSS market, especially in the BFSI industry vertical, can be attributed to the growing financial services, IT automation, and reforms in economies and banking services worldwide. On the basis of deployment model, cloud deployment type is dominating the market.

The adoption rate of the cloud deployment type is said to be on an increase, owing to its wide range of features and functionalities, such as reliability, speed in accessing information, pay-per-usage models, and lower operational costs. Due to initial investments and maintenance hassles in the on-premises deployment type, businesses are rapidly switching to the cloud deployment type. In terms of region, North America is estimated to hold the largest share in forecast period in the global enterprise file synchronization and sharing market. Developing technologies and eLearning tools have accelerated the Enterprise File Synchronization and Sharing Market growth in this region. Asia Pacific is estimated to have the largest CAGR in the forecast period. Tight learning budgets and cost-effectiveness pushes organizations to provide their employees with proper training and resources and get better business outcomes.

Scope of the Global Enterprise File Synchronization and Sharing Market are

Global Enterprise File Synchronization and Sharing Market, by Component:

• Solutions • Services

Global Enterprise File Synchronization and Sharing Market, by Delivery Mode:

• Distance Learning • Instructor-Led Training • Blended Learning

Global Enterprise File Synchronization and Sharing Market, by Organization Size:

• Large Enterprises • Small and Medium-Sized Enterprises

Global Enterprise File Synchronization and Sharing Market, by Vertical:

• Software and Technology • Healthcare • Retail • Banking, Financial Services, and Insurance • Manufacturing • Government and Defence • Telecom • Others

Global Enterprise File Synchronization and Sharing Market, by Deployment Type:

• On-Premises • Cloud

Global Enterprise File Synchronization and Sharing Market, By Geography:

• North America • Asia-Pacific • Europe • Middle East and Africa • Latin America

Key Players in the Global Enterprise File Synchronization and Sharing Market Are:

• Dropbox • Microsoft • Box • Citrix Systems • Nextcloud • ownCloud • CodeLathe • Intralinks • Qnext Corp. • XMedius Solutions • Inspire-Tech • Northbridge Secure Systems • MyWorkDrive • CTERA Networks • BlackBerry • IBM

For More Information About Report Visit: https://www.maximizemarketresearch.com/market-report/global-enterprise-file-synchronization-and-sharing-market/7898/