Enterprise File Synchronization & Sharing Market Size & Share, by Service Type (Managed Services and Professional Services); Deployment Model (Cloud Storage and On-premises Storage); Application Type (Cloud Virtualization, Enterprise Mobility, Enterprise Content Management System, Enterprise Storage & Backup); Organization Size (Large Enterprises and Small and Medium-sized Enterprises) and By End User - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

Rise in the Partnerships between Employees and Enterprises will Drive the Market Growth

The functioning of the businesses has drastically changed with the massive penetration of smart phones and internet across customers. Enterprises have their concerns related to the management of business data along with the information. With the help of enterprise file synchronization & sharing, the workforce productivity is improved and the business workforces can send the data files to customers and partners in real time. Moreover, the traditional file sharing system had the security risk for the enterprises, creating problems for their businesses, but this digital technique enables enterprises to effectively improve their productivity. Businesses across the world are expected to adopt the enterprise file synchronization & sharing which will boost the market growth.

Growing Digital Workplace and Mobile Consumers will Propel the Growth of the Market

The factor driving the enterprise file synchronization & sharing market include the rise in the consumer flexibility and bring your own device trend within the enterprises. Bring your own device program, makes the data access from mobile devices anywhere and anytime easy which helps the employees to get location independent data access. This bring your own device trend will result in the necessity of a common platform to share the data, which is expected to propel the growth of the market.

Challenges

Lack of Awareness Regarding Benefits of Enterprise File Synchronization & Sharing and its High Cost

Despite of the benefits related to the enterprise file synchronization & sharing, the high cost of the service and lack of awareness among the people regarding its use is acting as a restraint to the growth of market. The users, who lack in strong financial position, are unable to buy the same due to the price component. For small businesses, the pricing models should be diverse and there should be separate pricing plans. However, some enterprises prefer integrated enterprise file synchronization & sharing with third party applications, which further results in the increased cost. All these factors are expected to restrain the growth of this market.