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Enterprise File Synchronization and Sharing (EFSS) Market Share

Report ID: GMI8646
Published Date: Mar 2024
Report Format: PDF

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Enterprise File Synchronization and Sharing Market Share

Box Inc. and Dropbox, Inc. hold over 15% of the market share in the enterprise file synchronization and sharing industry. Companies in this industry employ several key strategies to enhance their market foothold. As a leading market player, Dropbox offers a user-friendly platform with seamless file synchronization and sharing capabilities. Its strong focus on simplicity and cross-platform compatibility has garnered a large user base, particularly among small & medium-sized businesses. Dropbox continues to innovate with features such as advanced collaboration tools and integrations with third-party applications.

Box offers enterprise-grade EFSS solutions tailored to businesses with stringent security and compliance requirements. With features, such as advanced encryption, access controls, and audit trails, Box caters to industries including healthcare, finance, and legal. It emphasizes collaboration and workflow automation, positioning itself as a comprehensive solution provider for secure file sharing and content management.

Enterprise File Synchronization and Sharing Market Companies

Major companies operating in the enterprise file synchronization and sharing (EFSS) industry are:

Box, Inc.
Citrix Systems, Inc.
CTERA Networks Ltd.
Dropbox, Inc.
Egnyte, Inc.
Google LLC
International Business Machines Corporation
Micro Focus
Microsoft Corporation
Syncplicity LLC

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of enterprise file synchronization and sharing (EFSS) reached USD 9.8 billion in 2023 and is set to expand at over 23.5% CAGR between 2024 and 2032, led by the growing trend of remote work, accelerated by global events.

Enterprise file synchronization and sharing market from the cloud segment is expected to account for 65% revenue share by 2032, as organizations are migrating to cloud-based solutions to leverage scalability, flexibility, and cost efficiency.

North America market accounted for more than 33% revenue share in 2023, owing to the growing adoption of hybrid cloud solutions in the region.

Some of the top players operating in the industry are Box, Inc., Citrix Systems, Inc., CTERA Networks Ltd., Dropbox, Inc., Egnyte, Inc., Google LLC, International Business Machines Corporation, Micro Focus, Microsoft Corporation, and Syncplicity LLC.