Growing Healthcare and Financial Industry Application will escalate the EFSS Market at a CAGR of 23.2%

“Growing Healthcare and Financial Industry Application will escalate the EFSS Market at a CAGR of 23.2%”

Latest market study on “Enterprise File Sharing and Synchronization (EFSS) to 2025 by Solution, Services (Professional Services and Integration Services), Deployment Model (Cloud ,On-Premise and Hybrid), End-Users (Small, Mid-Size and Large Enterprise) and Industry Vertical (Healthcare & Life Sciences, Financial Services and Insurance, Telecommunication & IT, Media & Entertainment, Consumer Goods and Retail, Industrial Good and Automotive and Others) – Global Analysis and Forecast”, the EFSS market is estimated to reach US$ 10.59 billion by 2025 from US$ 1.35 billion in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The global EFSS market for the industries is fragmented into healthcare & life sciences, financial services and insurance, telecommunication & IT, media & entertainment, consumer goods and retail, industrial good and automotive and others. The segmentation is based upon need for EFSS to improve mobility and security. Healthcare & Life Sciences in the EFSS market have acquired the biggest share of almost one-fourth in 2015, followed by financial services and insurance, and telecommunication & IT. Healthcare & life sciences are the early adopters of EFSS. High security concern is become a priority in this segment, therefore, healthcare & life sciences are capturing most of the market. However, the financial services and insurance are also initiating the adoption of EFSS for multiple application reason. 

The propagation of consumer mobility and BYOD programs in the enterprise are some of the trends contributing to the emerging EFSS market. Almost all the industry verticals are increasingly demanding EFSS capabilities that improve the mobile workers’ collaboration and productivity while limiting security risks.

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There has been constant development in EFSS industry. Recently, Box, Inc., has introduced a new box that includes an improved file experience that enable the users to easily find and collaborate the contents. The all new box will allow the enterprises to centralize their critical business content in a single platform thus, removing costly, difficult legacy systems and limited file sync & share point-solutions. Also, another leading player, Google has enhanced its EFSS product Google Drive adding new features to enhance the security and accessibility in order to improve the sharing experience.

Some of the leading EFSS market players are Accellion, Inc., Google, Inc., Microsoft Corporation, Box, Inc., Citrix Systems, Inc., Dropbox, Inc., Vmware Inc., Syncplicity LLC,  and Sugarsync, Inc., among others.

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The report segments the global EFSS market as follows:

Global EFSS Market – By Service

  • Professional Services and
  • Integration Services

Global EFSS Market – By Deployment Model

  • Cloud Deployment
  • On-premise Deployment
  • Hybrid Deployment

Global EFSS Market – By End-Users

  • Small Enterprise
  • Mid-Size Enterprise
  • Large Enterprise

Global EFSS Market – By Industry Verticals

  • Healthcare & Life Sciences
  • Financial Services and Insurance
  • Telecommunication & IT
  • Media & Entertainment
  • Consumer Goods and Retail
  • Industrial Good and Automotive and
  • Others

Global EFSS Market – By Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • South America (SA) 

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