North America Enterprise File Synchronization and Sharing Market, By Offering (Solution and Services), By Deployment Model (On-Premise and Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises (SMEs)), Accessibility (Desktop, Mobile, Web, Linux, and Others), Application (Collaboration Support, Security, Enterprise Content Management System, Enterprise Storage and Backup, Enterprise Mobility, Enterprise Document Management, Cloud Virtualization, and Others), End User (Banking, Financial Services and Insurance (BFSI), Healthcare and Lifescience, Government and Public Sector, IT and Telecommunication, Retail and E-Commerce, Education, Media and Entertainment, Aerospace and Defence, Legal, Transportation and Logistics, Manufacturing, and Others), Industry Trends and Forecast to 2029
North America Enterprise File Synchronization and Sharing Market Analysis and Size
Businesses can use enterprise file sync-and-share to improve content management, collaboration and secure file sharing among employees. EFSS services include features such as live commenting, document version tracking and workflow process management to help users store, edit, review, and share files. Organizations often adopt EFSS as a means to deter employees from sharing corporate data via consumer-oriented public cloud storage and file-sharing services that are outside of IT's control.
Data Bridge Market Research analyses that the North America enterprise file synchronization and sharing market is expected to reach the value of USD 11,997.91 million by 2029, at a CAGR of 28.2% during the forecast period. Solution segment accounts for the largest offering segment in the North America enterprise file synchronization and sharing market. The North America enterprise file synchronization and sharing market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Offering (Solution and Services), By Deployment Model (On-Premise and Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises (SMEs)), Accessibility (Desktop, Mobile, Web, Linux, and Others), Application (Collaboration Support, Security, Enterprise Content Management System, Enterprise Storage and Backup, Enterprise Mobility, Enterprise Document Management, Cloud Virtualization, and Others), End User (Banking, Financial Services and Insurance (BFSI), Healthcare and Lifescience, Government and Public Sector, IT and Telecommunication, Retail and E-Commerce, Education, Media and Entertainment, Aerospace and Defence, Legal, Transportation and Logistics, Manufacturing, and Others)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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IBM Corporation, Axway, Citrix Systems, Inc., Google, Microsoft, Dropbox, Inc., Micro Focus, Nextcloud GmbH, Citrix Systems, Inc., Open Text Corporation, Qnext Corp., Thru, Inc., VMware, Inc., Thomson Reuters, FileCloud, Ziff Davis, Inc., Seafile Ltd., Files.com, ACCELLION, Egnyte, Inc., Intralinks, Inc., Box, ownCloud GmbH, MyWorkDrive LLC., CTERA Networks Ltd., DryvIQ among others
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Market Definition
Enterprise file sync-and-share is a service that allows users to save files in cloud or on-premises storage and then access them on desktop and mobile devices. Enterprise file-sharing tools allow users to securely share documents, photos, videos and more across multiple devices and with multiple people. They use file synchronization, or copying, to allow files to be stored in an approved data repository, then accessed remotely by employees from PCs, tablets or smartphones that support the EFSS product.
Sharing can happen among people within or outside the organization, as well as among applications. Smooth search, retrieval and access of files stored in multiple data repositories from different client devices complement these offerings, as well as security, data protection and collaboration capabilities. EFSS offerings enable modern user productivity and collaboration scenarios for the creation of a digital workplace. Typical deployment architectures for EFSS offerings can be public cloud, hybrid cloud, private cloud or on-premises.
Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Continuously rising digital workplace and mobile workforce
Workplaces have evolved from referring to a physical space including offices to remote offices through desktop, mobile devices, and others. Many office documents and projects have gone instant messaging which has become a popular communication choice within office industry. Digital Workplace Solutions (DWS) create connections and remove barriers between people. Growth in the area of digital workplace and mobile workforce is further helping the North America enterprise file synchronization and sharing market to grow significantly.
- Emphasis of businesses on corporate data security
Data safety has continuously been important; however the significance is growing each day. Data protection is organization’s defensive measure to preserve any unauthorized entry in databases, websites, and computers. In recent days, businesses are in need to protect data from any type of attack. It is been a serious problem to consider. Increasing cyber-attacks on businesses are actually compelling to introduce EFSS platforms which is helping the market to grow.
- Increase in collaboration among employees and enterprises
Online file sharing resolutions are gaining attraction in industries like healthcare, government, finance, law, engineering, and more. With the growing need for digital and content collaboration across endpoints help teams to achieve their goals and enable employees to keep pace with the requirements of their tasks. Organizations are increasingly moving towards collaboration of employees and the data on different levels, which is propelling the growth of the North America enterprise file synchronization and sharing market to an extent.
- Rising incidence of data theft in BFSI and healthcare sector
Data stealing has evolved to be one amongst the main cyber-crimes that happens in the digital world from time to time since the very starting of the virtual world. Both large and small health care businesses are targeted by cyber criminals. The requirement of data security among BFSI and healthcare sector will help in the growth of the North America enterprise file synchronization and sharing market to some extent.
Opportunities
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Increasing adoption of cloud based solutions
The cloud based EFSS solution offer several benefits like scalability, flexibility, ease of access, multi-device support, and lower costs. Also, as on-premises solutions have high cost it becomes a hurdle for SMEs in adopting EFSS solution. However, with the emergence of cloud-based services, SMEs are readily implementing EFSS solutions.
Restraints/Challenges
- High cost of EFSS solution
The high cost involved serves as a barrier to the expansion of the North America enterprise file synchronization and sharing market despite the significant benefits associated with the installation of EFSS solutions and services. Vendors offer EFSS solutions in the form of enterprise subscription models or per-user licencing models at very high costs. For a single user, the yearly Average Selling Price (ASP) range of EFSS systems ranges between USD 150 and USD 170 and includes, customization, integration, the cost of cloud capabilities, and recovery tools among other things.
COVID-19 Impact on North America Enterprise File Synchronization and Sharing Market
COVID-19 created a major impact on various industries as almost every country has opted for the shutdown for every facility except the ones dealing in the essential goods segment. The government has taken some strict actions such as the shutdown of facilities and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.
COVID-19 outbreak is causing widespread concern and economic hardship for consumers, businesses and communities across the globe. COVID-19 forced many organizations to digitally transform their places of work and education to operate effectively. Nowadays, companies are more and more relying on advanced technologies, such as cloud, AI, and IoT, for the future to sustain in the digital transformation race and to remain ahead of competitors. The pandemic behaviour forced companies to adopt work from home model so that work can still be accomplished while taking measures to halt the virus spread. The growing digital workplace and mobile workforce trends among businesses have become the driving forces behind the growth of the North America enterprise file synchronization and sharing market in the pandemic period.
Manufacturers are making various strategic decisions to meet the growing demand in COVID-19 period. The players are involved in strategic activities such as partnership, collaborations, acquisitions, and others to improve the technology involved in the North America enterprise file synchronization and sharing market. With this, the companies will bring advanced and accurate solutions to the market. In addition, the government initiatives to boost digitization across industries has led to the market's growth.
Recent Developments
- In September 2021, Google announced the launch of two products, Google Filestore Enterprise and Backup for Google Kubernetes Engine (GKE). The service intends to help enterprises migrate common file NAS needs from on-premises to the cloud without rebuilding at a larger scale than their prior basic and high tiers. Thus, with this, the company is expanding its product portfolio in the market
- In January 2021, Microsoft announced that it will allow user to share large file up to 250 GB through its SharePoint, Teams and OneDrive. The company has also included differential sync feature, which basically sync the changes made by the user or their workmate made in the file, so that the user don't have to spend time waiting to sync large files only to re-upload after a small change is made. Thus, with this, the company is catering the needs of people and attracting more customers
North America Enterprise File Synchronization and Sharing Market Scope
The North America enterprise file synchronization and sharing market is segmented on the basis of offering, deployment model, organization size, accessibility, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Offering
- Solution
- Services
On the basis of offering, the North America enterprise file synchronization and sharing market is segmented into solution and services.
By Deployment Model
- On-Premise
- Cloud
On the basis of deployment model, the North America enterprise file synchronization and sharing market is segmented into on-premise and cloud.
By Organization Size
- Large Enterprises
- Small and Medium Enterprises (SMEs).
On the basis of organization size, the North America enterprise file synchronization and sharing market is segmented into large enterprises and small and medium enterprises (SMEs).
By Accessibility
- Desktop
- Mobile
- Web
- Linux
- Others
On the basis of accessibility, the North America enterprise file synchronization and sharing market is segmented into desktop, mobile, web, linux, and others.
By Application
- Collaboration Support
- Security
- Enterprise Content Management System
- Enterprise Storage and Backup
- Enterprise Mobility
- Enterprise Document Management
- Cloud Virtualization
- Others
On the basis of application, the North America enterprise file synchronization and sharing market is segmented into collaboration support, security, enterprise content management system, enterprise storage and backup, enterprise mobility, enterprise document management, cloud virtualization, and others.
By End-User
- Banking, Financial Services and Insurance (BFSI)
- Healthcare and Lifescience
- Government and Public Sector
- IT and Telecommunication
- Retail and E-Commerce
- Education
- Media and Entertainment
- Aerospace and Defence
- Legal
- Transportation and Logistics
- Manufacturing
- Others
On the basis of end-user, the North America enterprise file synchronization and sharing market is segmented into banking, financial services, and insurance (BFSI), healthcare and lifescience, government and public sector, IT and telecommunication, retail and e-commerce, education, media and entertainment, aerospace and defence, legal, transportation and logistics, manufacturing, and others.
North America Enterprise File Synchronization and Sharing Market Regional Analysis/Insights
The North America enterprise file synchronization and sharing market is analysed and market size insights and trends are provided by country, offering, deployment model, organization size, accessibility, application, and end-user as referenced above.
The countries covered in the North America enterprise file synchronization and sharing market report are U.S., Canada, and Mexico.
The U.S. dominates the North America enterprise file synchronization and sharing market. U.S. is likely to be the fastest-growing in the North America enterprise file synchronization and sharing market owing to continuously rising digital workplace and mobile workforce. Moreover, U.S. has been extremely responsive towards adopting the latest technological advancements, including mobile devices, cloud computing, and IoT, within enterprises that is propelling the market growth.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Enterprise File Synchronization and Sharing Market Share Analysis
The North America enterprise file synchronization and sharing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the North America enterprise file synchronization and sharing market.
Some of the major players operating in the North America enterprise file synchronization and sharing market are IBM Corporation, Axway, Citrix Systems, Inc., Google, Microsoft, Dropbox, Inc., Micro Focus, Nextcloud GmbH, Citrix Systems, Inc., Open Text Corporation, Qnext Corp., Thru, Inc., VMware, Inc., Thomson Reuters, FileCloud, Ziff Davis, Inc., Seafile Ltd., Files.com, ACCELLION, Egnyte, Inc., Intralinks, Inc., Box, ownCloud GmbH, MyWorkDrive LLC., CTERA Networks Ltd., DryvIQ among others.
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