Also market shares and key trends were taken into consideration while making the report. The market data was analyzed and forecasted using market statistical and coherent models. Research study on the Global Enterprise File Sharing and Synchronization (EFSS) Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review. RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE: These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market. The major players in the market are as follows: Global Enterprise File Sharing and Synchronization (EFSS) Market, by Region:Ħ.2 Europe (Germany, UK, France, Rest of Europe)Ħ.3 Asia Pacific (China, India, Japan, Rest of Asia)Ħ.4 Latin America (Brazil, Argentina, Rest of Latin America) Global Enterprise File Sharing and Synchronization (EFSS) Market, by Organization Size:Ħ. Global Enterprise File Sharing and Synchronization (EFSS) Market, by Vertical:ĥ. Global Enterprise File Sharing and Synchronization (EFSS) Market, by Deployment Model:Ĥ. Global Enterprise File Sharing and Synchronization (EFSS) Market, by Application Type:ģ. Global Enterprise File Sharing and Synchronization (EFSS) Market, by Service:Ģ. The global Enterprise File Sharing and Synchronization (EFSS) market is segmented on the basis of service, application type, deployment model, verticals, organization size, and region.ġ. Organizations use these technologies to prevent employees from using consumer-based file sharing apps to store, access and manage corporate data that is outside of the IT department’s control and visibility.ġ.1 Increased demand for cloud-based integrationġ.2 Composed enterprise file sharing and synchronization trend The global Enterprise File Sharing and Synchronization (EFSS) market was valued at USD 1.45 billion in 2016 and is projected to reach USD 8.59 billion by 2025, growing at a CAGR of 24.9% from 2017 to 2025.Įnterprise file synchronization and sharing (EFSS) refers to software services that enable organizations to securely synchronize and share documents, photos, videos and files from multiple devices with employees, and external customers and partners. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Purchasing power in the country is expected to fell nearly by 2.5%. economy is expected to grow merely by 3% in 2022. In 2022 & 2023, market players expected to sail in rough waters might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. For further information, see Guiding Principles on Independence and Objectivity.Inflation and Looming Recession to Haunt Businesses: Its research is produced independently by its research organization without input or influence from any third party. Gartner prides itself on its reputation for independence and objectivity. Your access and use of this publication are governed by Gartner’s Usage Policy. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. Gartner is a registered trademark of Gartner, Inc.
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