Key Companies Covered in the Market Research are 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). and other keyplayes.
Global Enterprise File Sharing and Synchronization (EFSS) Market to reach USD ~6.1 billion by 2022 from USD 20.5 billion in 2031, at a CAGR of 27.4% during the forecast period. Kenneth Research recently added a report oEnterprise File Sharing and Synchronization (EFSS) Market which provides a detailed insight into the market scenario on the basis of the market size, market volume annual growth rate of the market over the forecast period, i.e., 2022-2031.
The digital workplace has revitalized enterprises’ business operations by redefining the work culture, group collaboration, and legacy business systems. Enterprises are embracing the digital workplace trend to cope with modern business processes and advanced technologies. The digital workplace helps improve workforce collaboration and efficiency, enhance business decision-making, increase customer reach via social channels, engage customers effectively, and drive more business revenue.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
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
Global Enterprise File Sharing And Synchronization (EFSS) Market, By Application Type
Enterprise Content Management System
Enterprise Storage and Backup
Enterprise Document Management
Global Enterprise File Sharing And Synchronization (EFSS) Market, By Deployment Model
Global Enterprise File Sharing and Synchronization (EFSS) Market Geographic Scope
Rest of Europe
Rest of Asia Pacific
Rest of the World
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