Enterprise file management and sharing assign to software services that permit organizations to strongly synchronize & share documents, videos, photos, and files from various devices with employees, and external consumers & partners. The applications also allow to share and store files for easy and communication at the click of a key or button. It also supports the use of software tools for management, compliance, auditing, and security features used by industry widely.
According to study, “Global Enterprise File and Share Software Market Research Report” some of the major companies that are currently working in the global enterprise file and share software market are BoxEnterprise, Syncplicity By Axway, Cititx Systems Inc., Google Inc., Capgemini SE, Dropbox Inc., EMC, IBM Aspera, Alfresco Software, ACCELLION, Microsoft, VMware, Egnyte Inc., Northbridge Secure Systems, eFolder, CTERA Networks, HighQ Solutions, ownCloud, My WorkDrive By Wanpath LLC, Tresorit, Blackberry Ltd. (Watchdox, Inc.), Inspire-Tech, XMedius Solutions, CodeLathe, Acronis International, Skysync, OpenText, Commvault, Hitachi Data Systems, Qnext Corp., FileCloud, Intralinks, SugarSync (j2 Global), Varonis Systems Inc., Huddle, Hightail, Nextcloud GmbH, Intralinks, PowerFolder, Thru Inc., Micro Focus, Workshare.
Based on the mode of the component type, the enterprise's file & share software (EFSS) market is segmented into a standalone EFSS solution, integrated EFSS solution, and services. Services are categorized into professional services and managed services. Professional services are defined as consulting services, deployment, and training & support. Based on the payment mode market is segmented into the cloud and on-premise. Cloud mode includes a public cloud, private cloud, and hybrid cloud. Based on the application market is segmented into software & technology, healthcare, BFSI, retail, government & public sector, legal, education, media & entertainment, and others.
The enterprise file & share software market is driven by the rise in mobile workforce, followed by consumer aspects of the information technology, growing adoption of the devices, growing internet penetration & access through mobile phones, proliferation of consumer mobility, increase in collaboration between employees and the enterprises with the stringent regulations for data security etc. However, some of the major challenges include compliance issues associated with legal regulations, data security & privacy concerns and application migration integration issues. Additionally, the new market trends of the market include an increase in the integration of EFSS solutions with content aware about the data loss prevention (DLP) solutions, increase in use of mobile workforce in the new enterprises, the share of digital rights management and transforming of traditional workspace into virtual workspace etc.
Western Europe and the North American region accounted for the major share of the entire revenue generated across followed by the number of large, midsized and small enterprises. Moreover, Eastern Europe and Latin America are also expected to boost growth due to the implementation of advanced technologies. In addition, the Asia-Pacific region is also expected to exhibit a substantial increase in technological trends & industrial development. It is also estimated that the global enterprise file & share software market to reach the US $6.61 billion, by 2025.
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