Lewes, DE -- (SBWire) -- 12/16/2016 --Report forecast the global EFSS market to grow at a CAGR of 20.15% during the period 2016-2020.
Enterprises began using EFSS solutions with the increasing use of cloud computing, expanding network bandwidth, and collaboration of multi-regional businesses. EFSS solutions offer a centralized content storage repository for enterprise file sharing and collaboration, and allow users to save files in the cloud or on-premises storage and access them on other computing or mobile devices. The network administrator manages the access to files and folders, workgroup, or department. The previous versions of the report can be retrieved in the event of getting it corrupted or any security attacks.
The report covers the present scenario and the growth prospects of the global EFSS market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of sales of EFSS solutions including software licenses; costs associated with subscription, software implementation, and maintenance; and technical support.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, consumerization of IT refers to the use of technologies without external IT support to standardize the IT processes in an organization. In 2015, IT enterprises widely adopted technologies such as cloud storage and other similar applications. The increase in adoption of cloud storage applications such as Dropbox and Google Drive among enterprises is mainly because of the increasing acceptance of in the BYOD in IT organizations.
Further, the report states that EFSS solutions provide a single point access for employees of an organization to access corporate data anywhere, anytime, and on any device. However, it raises security concerns because enterprises have no visibility into the data that are available in the employee's personal file sync-and-share accounts. Furthermore, the organization does not have visibility into the data stored in cloud-based EFSS solutions, creating security challenges for the enterprises. Improper data management can lead to security issues related to identity management, access control, risk management, auditing and logging in, regulatory compliance violations, data leakages, and bad reputation.
Global EFSS Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global EFSS market: ACCELLION, Box, Citrix Systems, Dropbox, Egnyte, Google, Microsoft, and Syncplicity
Other Prominent Vendors in the market are: Acronis International, Alfresco Software, BlackBerry, Commvault, FileCloud, Hightail, Hitachi Data Systems, Huddle, IBM, Intralinks, Micro Focus, PowerFolder, Thru, VMware, and Workshare
Market driver
- Growing internet penetration and access through mobile phones
- For a full, detailed list, view our report
Market challenge
- Compliance issues associated with legal regulations
- For a full, detailed list, view our report
Market trend
- Increasing integration of EFSS solutions with content-aware data loss prevention vendors
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 62 pages and 28 Exhibits "Global Enterprise File Sharing and Synchronization Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by deployment models, Market segmentation by end-users, Market segmentation by applications, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor profiles, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-enterprise-file-sharing-and-synchronization-market-2016-2020
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