enterprise file synchronization and sharing

#Enterprise file synchronization and sharing for free

Therefore, large enterprises and SMEs are rapidly implementing cloud-based EFSS solutions. Some of these benefits include scalability, flexibility, ease of access, multi-device support, and lower costs. The cloud model offers a range of benefits to customers. With advancements in cloud computing, data centers, and the network infrastructure, EFSS vendors offer cloud-based EFSS solutions to customers across the globe. Opportunity: Increasing adoption of cloud-based solutions Enterprises also need to deploy other security solutions to protect themselves from security breaches, which may incur additional costs. However, some vendors offer solutions based on the subscription model to cater to a large number of employees.

The initial adoption of EFSS solutions involves huge costs, as the information generated by enterprises, these days, is usually very large, and the cost of deployment depends on the number of employees in the organization.

A diverse pricing model would be more beneficial for small business users and developers who lack a strong financial position. Companies have separate pricing plans for customers based on their business size. Vendors deliver EFSS solutions at a very high cost on a single per-user licensing model or an enterprise subscription model. Restraint: Need for heavy investments in EFSS solutionsĭespite the huge benefits associated with the adoption of EFSS solutions and services, the high cost involved acts as a restraint to the growth of the EFSS market. In addition to the digital workplace trend, the mobile workforce trend is gaining increasing popularity among businesses this growing trend is driven by the proliferation of smartphones among the enterprise workforce. The digital workplace helps improve workforce collaboration and efficiency, enhance business decision-making, increase customer reach via social channels, engage customers effectively, and drive more business revenue. Enterprises are embracing the digital workplace trend to cope with modern business processes and advanced technologies. The digital workplace has revitalized enterprises’ business operations by redefining the work culture, group collaboration, and legacy business systems. Market Dynamicsĭriver: Continuously rising digital workplace and mobile workforce The growing digital workplace and mobile workforce trends among businesses have become the driving forces behind the growth of the EFSS market. Even companies resistant to the concept of a distributed workforce have been forced to allow working from home so that work can still be accomplished while taking measures to halt the virus spread. Companies relying on advanced technologies, such as cloud, AI, and IoT, which are rethinking their business model for the future by fast-tracking digital transformation, will be ones ahead of their competitors.

To know about the assumptions considered for the study, Request for Free Sample Report COVID-19 ImpactĬOVID-19 forced many organizations to digitally transform their places of work and education to operate effectively. Major factors driving the growth of the EFSS market include continuously rising digital workplace and mobile workforce, increasing collaborations between employees and enterprises, emphasis of businesses on corporate data security, and stringent government compliances and regulations The EFSS market size is projected to grow from USD 6.1 billion in 2021 to USD 20.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 27.4% during the forecast period.

#Enterprise file synchronization and sharing for free