Growing Healthcare and Financial Industry Application will escalate the EFSS Market at a CAGR of 23.2%Published Date: Dec 2016
Latest market study on “Enterprise File Sharing and Synchronization (EFSS) to 2025 by Solution, Services (Professional Services and Integration Services), Deployment Model (Cloud ,On-Premise and Hybrid), End-Users (Small, Mid-Size and Large Enterprise) and Industry Vertical (Healthcare & Life Sciences, Financial Services and Insurance, Telecommunication & IT, Media & Entertainment, Consumer Goods and Retail, Industrial Good and Automotive and Others) – Global Analysis and Forecast”, the EFSS market is estimated to reach US$ 10.59 billion by 2025 from US$ 1.35 billion in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Browse market data tables and in-depth TOC of the Global Enterprise File Sharing and Synchronization (EFSS) Market (2016–2025)
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The global EFSS market for the industries is fragmented into healthcare & life sciences, financial services and insurance, telecommunication & IT, media & entertainment, consumer goods and retail, industrial good and automotive and others. The segmentation is based upon need for EFSS to improve mobility and security. Healthcare & Life Sciences in the EFSS market have acquired the biggest share of almost one-fourth in 2015, followed by financial services and insurance, and telecommunication & IT. Healthcare & life sciences are the early adopters of EFSS. High security concern is become a priority in this segment, therefore, healthcare & life sciences are capturing most of the market. However, the financial services and insurance are also initiating the adoption of EFSS for multiple application reason.
The propagation of consumer mobility and BYOD programs in the enterprise are some of the trends contributing to the emerging EFSS market. Almost all the industry verticals are increasingly demanding
EFSS capabilities that improve the mobile workers’ collaboration and productivity while limiting security risks.
There has been constant development in EFSS industry. Recently, Box, Inc., has introduced a new box that includes an improved file experience that enable the users to easily find and collaborate the contents. The all new box will allow the enterprises to centralize their critical business content in a single platform thus, removing costly, difficult legacy systems and limited file sync & share point-solutions. Also, another leading player, Google has enhanced its EFSS product Google Drive adding new features to enhance the security and accessibility in order to improve the sharing experience.
Some of the leading EFSS market players are Accellion, Inc., Google, Inc., Microsoft Corporation, Box, Inc., Citrix Systems, Inc., Dropbox, Inc., Vmware Inc., Syncplicity LLC, and Sugarsync, Inc., among others.
EFSS, Global Breakdown by Regions, 2015 (%)
Source: The Insight Partners Analysis, December 2016
The report segments the global EFSS market as follows:
Global EFSS Market – By Service
Professional Services and
Global EFSS Market – By Deployment Model
Global EFSS Market – By End-Users
Global EFSS Market – By Industry Verticals
Healthcare & Life Sciences
Financial Services and Insurance
Telecommunication & IT
Media & Entertainment
Consumer Goods and Retail
Industrial Good and Automotive and
Global EFSS Market – By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SA)
Rest of SA