Global Enterprise File Synchronization and Sharing (EFSS) Market USD 26.08 billion by 2027.Global Enterprise File Synchronization and Sharing (EFSS) Market reached USD 4.79 billion in 2020. The Global Enterprise File Synchronization and Sharing (EFSS) Market tends to grow by a CAGR of 27.40% in the 2021-2027 period.
Enterprise File Synchronization and Sharing (EFSS) is a software service that helps to safely and securely synchronize the data and share documents, files, pictures, and videos within the organization or outside the organization to clients and partners. Growing adoption of shared workspace due to which sharing files, documents become essential is a driving factor under this market. The adoption of digital services by SMEs is another growth factor for this market. Digitalization helps the companies to use minimal labor force and minimize their operational cost which is an opportunity for the companies and the service providers in this market. The major factor disrupting the market is security and network issues, sharing documents online is one of the major security issues companies faced in these recent times. In 2021, Citrix Systems collaborated with Wrike to acquire the major share of their business to collaboratively work on enhanced management space.

The key regions covered in the global Enterprise File Synchronization and Sharing (EFSS) market are North America, Latin America, Europe, East Asia, South Asia-Pacific, and the Middle East & Africa. North America accounted for the largest market share and it is estimated to grow in the forecasted period owing to the presence of various service and solution providers, and early adoption of high-tech technologies.

Major market players included in this report are:
Inspire-Tech (Singapore)
Box (US)
Citrix Systems (US)
Dropbox (US)
Microsoft (US)
Google (US)
Thomson Reuters (Canada)
IBM (US)
Blackberry (Canada)
OpenText (Canada)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Standalone EFSS Solution
Integrated EFSS solution
Services
Professional Services
Managed Services
By Deployment Type:
On-premises
Cloud
By Cloud Type:
Public
Private
Hybrid
By Vertical:
Banking, Financial Services, and Insurance (BFSI)
Software and Technology
Government and Public Sector
Healthcare
Legal
Education
Retail
Media and Entertainment
Others
By Region:
North America
The U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Enterprise File Synchronization and Sharing (EFSS) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors