Enterprise file
sync-and-share is a service that allow users to save files in cloud
or on-premises storage and then access them on other desktop and
mobile computing devices. The primary benefit of it is the ability to
securely share files such as documents, photos and videos across
multiple devices and with multiple people. The synchronization, or
copying capability allows files to be stored in an approved data
repository. This eases the accessibility of data by employees from
PCs, tablets or smartphones. Hence, there is a strong need for
enterprise
file sharing and synchronization solutions in almost all
industry verticals to effectively manage huge data being generated on
a daily basis.
Rising need for
digitalization of business processes and file sharing solutions in
enterprises is expected to drive the enterprise file sharing and
synchronization market. Also, with the rise in bring your own device
(BYOD), employees choose to access work data on multiple devices such
as smartphones and tablets to get the data independent of location.
This has bolstered the growth of enterprise file sharing and
synchronization market. However, lack of scalability and
interoperability issues are restraining the market growth. Also, high
initial investment cost and lack of awareness regarding the benefits
of enterprise file sharing and synchronization solutions is
obstructing the market growth. Increasing privacy and security
concerns and significant shift of organizations from traditional file
sharing techniques to enterprise file sharing and synchronization
market is expected to generate new opportunities for the participants
in enterprise file sharing and synchronization market.
The global
enterprise file sharing and synchronization market is segmented by
application, by service type, by end-user, by deployment type, end
use vertical and by geography. Based on application, the market is
segmented into enterprise storage and backup, enterprise content
management systems, cloud virtualization, enterprise mobility,
enterprise document collaboration. On the basis of end-user, the
market is segmented into small and medium businesses and large
enterprises. In terms of deployment type, the market is segmented
into hosted and on premise. The market for enterprise file sharing
and synchronization is also segmented on the basis of end use
vertical into education institutes, government and defense, IT and
telecommunication, manufacturing sector, and transportation and
logistics. Moreover, the market is also segmented in terms of
geographical regions such as North America, Europe, Asia-Pacific,
Latin America, and Middle-East and Africa (MEA). North America is
expected to lead the global enterprise file sharing and
synchronization market, primarily due to the developed economies and
continuously adopting the latest technological advancements such as
integration technologies with cloud and mobile technologies within
traditional enterprise file sharing and synchronization solutions.
Moreover, Asia Pacific is considered as the emerging market for
enterprise file sharing and synchronization market due to
increasingly movement toward digitalization of processes, resulting
in larger generation of data and demand for protection of crucial
enterprise data collected from various sources. The Latin America and
MEA regions also depict great potentials in terms of adoption of
enterprise file sharing and synchronization solutions.
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Some of the industry
participants dominating enterprise file sharing and synchronization
market are Microsoft Corporation, Google, Inc., Citrix Systems, Inc.,
Box, Inc., Dropbox, Inc., Airwatch (Vmware, Inc.), Watchdox Inc.
(Blackberry Limited), Egnyte Inc., Sugarsync, Inc. and Syncplicity
LLC.
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