The Enterprise File Synchronization and Sharing (EFSS) Industry was 2.76 Billion USD in 2017 and is projected to reach 10.94 Billion USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 26.7% between 2017 and 2023. The market is driven by various end-user industries, such as Banking, Financial Services, and Insurance (BFSI), Software and Technology, Government and Public Sector, Healthcare, Legal, Education.
The industry is less concentration, the key brand include Dropbox (US), Microsoft (US), Box (US), Citrix Systems (US), Syncplicity by Axway (US), Egnyte (US), BlackBerry (Canada), IBM Aspera (US), VMware (US), Google (US), Acronis International (Switzerland), OpenText (Canada), Thru. Inc. (US), Accellion (US), j2 Global (SugarSync) (US), SkySync (US), HighQ Solutions (UK), Nextcloud (Germany), ownCloud (Germany), CodeLathe (FileCloud) (US), Intralinks (US), Qnext Corp. (FileFlex) (Canada), XMedius Solutions (Canada), Inspire-Tech (Singapore/US), Northbridge Secure Systems (Australia), MyWorkDrive by Wanpath LLC (US), and CTERA Networks (Israel/US).
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Enterprise File Synchronization and Sharing (EFSS) Market Research Report 2018 report released by Ameco Research provides a basic overview of the Enterprise File Synchronization and Sharing (EFSS) industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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