In a recent published report, Kenneth Research has updated the market report for Enterprise File Sharing and Synchronization (EFSS) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Enterprise File Sharing and Synchronization (EFSS) Market products.
According to Market Research, The global Enterprise File Sharing and Synchronization (EFSS) market was valued at USD 2.25 Billion in 2017 and is projected to reach USD 8.65 billion by 2025, growing at a CAGR of 22.8% from 2018 to 2025.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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What is Enterprise File Sharing and Synchronization (EFSS)?
Enterprise file synchronization and sharing (EFSS) is a software management service that allows employees to save files, documents, photos and videos from multiple sources on premises securely, thereby allowing users to access the information needed from another device. This service is becoming more popular as organizations can use this service to ensure that employees refrain from using external file sharing apps and cannot manage cooperate data without the IT departments control.
Global Enterprise File Sharing and Synchronization (EFSS) Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
With the increased demand for cloud based integration, enterprise file sharing and synchronization (EFSS) fulfills this demand as well as provides a composed enterprise of file sharing and synchronization and includes the growth of BYOD adoption. These factors boosts the enterprise file sharing and synchronization (EFSS) overall market growth. Apart from these growth factors, the concern for data security is an aspect that restrains the overall growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Enterprise File Sharing and Synchronization (EFSS) Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Enterprise File Sharing and Synchronization (EFSS) Market Competitive Landscape
The “Global Enterprise File Sharing and Synchronization (EFSS) Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Citrix Systems, Inc., Google Inc., Box Inc., Airwatch (Vmware, Inc.), Microsoft Corporation, Dropbox, Inc., Syncplicity LLC, Egnyte Inc., Sugarsync, Inc. and Watchdox Inc. (Blackberry Ltd). Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Enterprise File Sharing And Synchronization (EFSS) Market, By Service
* Managed Services
* Professional Services
Global Enterprise File Sharing And Synchronization (EFSS) Market, By Application Type
* Cloud Virtualization
* Enterprise Content Management System
* Enterprise Mobility
* Enterprise Storage and Backup
* Enterprise Document Management
Global Enterprise File Sharing And Synchronization (EFSS) Market, By Deployment Model
* Private Cloud
* Public Cloud
* Hybrid Cloud
Global Enterprise File Sharing and Synchronization (EFSS) Market Geographic Scope
* North America
o Rest of Europe
* Asia Pacific
o Rest of Asia Pacific
* Latin America
* Rest of the World
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