Enterprise File Sync and Sharing Platform Market Anticipated to Record at a CAGR of 21% by 2028
Research Nester published a report titled "Enterprise file sync and sharing platform Market- Global Demand Analysis and Opportunity Outlook 2020-2028" which delivers detailed overview of the enterprise file sync and sharing platform market in terms of market segmentation by service type, by deployment model, by application type, by organization size, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The market for enterprise file sync and sharing platform is anticipated to record a CAGR of around 21% during the forecast period 2020-2028. In the era of digital transformation, the concern around the privacy and safety of data is shifting the organizations from traditional file sharing techniques to digital techniques which are anticipated to drive the market growth. Based on the deployment model, the market is segmented into cloud storage and on premises storage, out of which, the leading share in the market will be shown by cloud storage segment on the back of its security component along with the ability to understand the complexity of data, for better decision making.
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Based on the regional analysis, the market for enterprise file sync and sharing platform is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for enterprise file sync and sharing platform in North America is anticipated to hold the leading share owing to the adoption of new and emerging technologies in its rising economy. The Asia Pacific market is anticipated to grow at a higher rate as people of this region are shifting towards digitalization along with the increase in demand for data security.
Increase in the Collaborations between Employees and Enterprises, along with the Growing Digital Workplace
The enterprise file sync and sharing platform market helps in improving the workforce productivity along with the problem solving related to security of the data effectively. In addition, the trend of bring your own device is increasing in the enterprises, which has enabled the access to the data from the mobile devices anywhere and anytime, to help the employees to get location independent data access. These factors are estimated to account for the market growth over the forecast period.
However, lack of awareness about benefits of Enterprise file sync and sharing platform along with the high cost is expected to operate as key restraint into the growth of Enterprise file sync and sharing platform market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the enterprise file sync and sharing platform market which includes company profiling of Dropbox Inc. (NASDAQ:DBX), Google Inc. (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), Blackberry Limited (NYSE:BB), Citrix Systems Inc. (NASDAQ:CTXS), Box Inc. (NYSE:BOX), OpenText Corporation (TSE:OTEX), Oracle Corporation (NYSE:ORCL) and Syncplicity by axway.. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the enterprise file sync and sharing platform market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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